Printer Friendly
The Free Library
4,539,716 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

"U. S. Antimony Announces Expedited Construction of Antimony and Silver Mill in Mexico".


THOMPSON FALLS, Mont. -- United States Antimony Corporation (OTCBB:UAMY) announced that its wholly owned Mexican subsidiary, Antimonio de Mexico, S. A. de C. V., is expediting the construction of a flotation mill to begin the processing of antimony and silver mineraliztion from a large property in the State of Queretaro, Mexico. All permits for the mine property and mill site have been filed with various Mexican agencies and approvals are expected very shortly. Some of the equipment is already in Mexico, but most of the equipment, which is owned by USAC, is being assembled in Montana at the Company headquarters. The silver and gold mineraliztion is almost equal in value to the antimony. Water for the mill will be purchased from the nearby waste water treatment plant at the town of Cadereyta. Construction of the pipeline to the mill site is now underway. Antimony, silver and gold concentrates from the 150-ton per day mill will be processed at USAC's smelter site at Estacion Madero in the State of Coahuila, Mexico.

Funding for the mill construction and mine start up is primarily being provided by ongoing zeolite and antimony operations in the United States. USAC is now the only significant domestic producer of antimony products. All 2007 antimony production is now sold out, and the Company is projecting record antimony and zeolite sales for 2007. Current bank dept is less than $50,000, and it should be completely retired before the end of the year.

USAC has had almost 40 years of experience in mining, processing, and selling precious metals, antimony oxide, antimony metal, sodium antimonite, and industrial minerals. The Company has installed a vertical roller mill at its BRZ zeolite plant that has increased the plant capacity by 15 tons per hour.

Forward Looking Statements:

This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events, including matters related to the Company's operations, pending contracts and future revenues. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent filings, including Form 10-KSB with the Securities and Exchange Commission.

COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Oct 1, 2007
Words:443
Previous Article:Investigators Observe Significant Reduction in Methamphetamine Cravings and Use in Study of Component of Hythiam's PROMETA Treatment Program...
Next Article:Concierge Technologies Launches Planet Halo Network in Ventura.
Topics:



Related Articles
CALENDAR.(Government)(Calendar)
Newood constructing new plant.(Business)(The store fixture manufacturing company is consolidating operations into a new location in west Eugene)
Businesses rally for families in Northern Ontario with cancer.(SPECIAL REPORT: SUDBURY)
Sault paper mill flips switch on new era.(SPECIAL REPORT: FORESTRY)
New sawmill to be built in Kirkland Lake.(SPECIAL REPORT: CONSTRUCTION)
Finding a few good tradespeople.(SPECIAL REPORT: CONSTRUCTION)
Renewed commitment to Mexico.(Insight)
SAUDI ARABIA - Saudi Arabia's Oil Refining Sector Is Upgraded, But Expansions Face Rising Costs.
Thaw In Saudi-Qatari Ties.
The Coin-Price Is Right

Terms of use | Copyright © 2008 Farlex, Inc. | Feedback | For webmasters | Submit articles