U.S. Antimony Announces Rail Service For Zeolite Delivery And Testing Of Gold And Silver Leach Plant
THOMPSON FALLS, MT / ACCESSWIRE / November 4, 2019 / United States Antimony Corporation (“USAC”), (NYSE American:UAMY):
United States Antimony Corporation (“USAC”, NYSE American “UAMY”) announces plans to provide rail delivery of bulk Bear River Zeolite (BRZ) zeolite to reduce transportation, packaging, and labor costs by up to $100.00 per ton. BRZ has vigorously pursued nearly all potential markets for the last nineteen years to become consistently profitable. BRZ has an advantage over other domestic and foreign zeolites in terms of purity, hardness, color, low-sodium, high exchange rates for cations such as ammonium, radioactive nuclides, and most heavy metals, and its ability to hold up to 55% of its weight in water. Reducing costs by up to $100.00 per ton will open major markets and increase sales without hindering profitability.
At the present time, the United States and most countries around the world have become very conscious about climate change and the long-term impact on the environment. Zeolites have the ability to solve many of the problems associated with man-made climate deterioration. Synthetic zeolites have been engineered for specific applications but are highly expensive. BRZ is a natural zeolite that is not expensive. In order to take advantage of this new trend and to break into a much larger market, BRZ will offer the best product at economical prices.
Systematic testing of the gold, silver, and antimony mill at Puerto Blanco for the Los Juarez mine is underway. The mill has been on care and maintenance for four years. Ball mill liners, water systems, and new equipment have been installed. Completion of the laboratory is imminent which will allow the startup of the leach to enhance gold and silver recovery.
Estimated sales during October 2019 are as follows:
BRZ zeolite tons
The average Rotterdam price for antimony metal during October 2019 was $6,190 per metric ton or $2.80 per pound. The price of antimony is now starting a slow upward trend. Steps to lower the costs of antimony production have included lowering the mining costs in Mexico, renegotiating North American contracts, and plant improvements
CEO John Lawrence said “The recent worldwide concerns over climate change and environmental remediation pose an excellent target for increasing sales and profitability of BRZ. Installing equipment to provide rail delivery will allow BRZ to provide one of the highest quality zeolites in large quantities at the lowest price.”
About U.S. Antimony
US Antimony is a growing, vertically-integrated natural resource company that has production and diversified operations in precious metals, zeolite and 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, ability to execute on its increased production and installation schedules for planned capital expenditures and the size of forecasted deposits. 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.
United States Antimony Corporation
PO Box 643 47 Cox Gulch Rd.
Thompson Falls, Montana 59873-0643
406-827-3523 FAX: 406-827-3543
SOURCE: United States Antimony Corporation
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