THOMPSON FALLS, Mont.--(BUSINESS WIRE)--United States Antimony Corporation (“USAC”) (OTCBB:UAMY) announced that
USAMSA, a USAC wholly owned subsidiary, has received its final permit
from SEMARNAT (the Mexican Federal Agency for Environmental Protection)
to start construction of a mill near Berrnal in the State of Queretaro,
Mexico.
The mill will upgrade antimony rock from the Soyatal District and
antimony, silver and gold- bearing rock from the Los Juarez area both in
the State of Querretaro, Mexico. It will have an initial calculated
production rate of 150 metric tons per day. The mill was prefabricated
in Montana and most of it is now in El Paso, Texas and Mexico. Mill
start-up could be realized by the end of the first quarter of 2010. It
will upgrade rock to a 60% antimony grade that will be shipped to the
USAMSA smelter in the State of Coahuila, Mexico. The smelter has been
operating on high-grade rock being mined at the Soyatal District and
from ore and concentrates from Central America, Peru, and other deposits
in Mexico.
A Company spokesman said that USAC is making an all-out effort to
increase its supply of raw material to address the numerous orders it is
receiving for antimony products in the United States and other
countries. The Chinese produce more than 92% of the world supply of
antimony. The mill will make USAC one of the only fully integrated North
American producers of antimony.
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.