THOMPSON FALLS, Mont. - (Business Wire) United States Antimony Corporation (“USAC”) (OTCBB:UAMY), announced that USAMSA, a USAC wholly owned subsidiary, has signed an Exclusive Supply Agreement with the owner of the “Soyatal” Antimony District in the State of Queretaro, Mexico. The Soyatal District was the third largest producer of antimony in Mexico. According to the U. S. Geological Survey Bulletin 960-R, the District produced 74,000 metric tons of ore from which they recovered 25,630 metric tons of antimony metal (56,503,898 pounds) from 1905 until 1943. All mining was done by hand-methods and transportation to the railroad was by mule. Estimated recoveries of the antimony ranged from 30-40%. Additional production continued during and after World War II, but it is unknown.
High-grade antimony is being mined and shipped from Soyatal to the USAMSA Smelter operating in the State of Coahuila, Mexico. Lower-grade antimony is being stockpiled for the USAMSA mill that will be completed by Q1 2010. The mill will be convenient to both the Soyatal District and the Los Juarez antimony and silver deposit that is held by another USAC subsidiary. Concentrates from these two deposits will be shipped to the USAMSA Smelter.
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.
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.
United States Antimony Corporation
John Lawrence, 406-827-3523
Fax: 406-827-3543
tfl3543@blackfoot.net
