November 5 2018. Thompson Falls, Montana. United States Antimony Corporation (“USAC”, NYSE American “UAMY”) reported that most of the equipment for the Puerto Blanco leach plant has been built in Montana and is ready to transport. Projects remaining include finishing the tailings pond, wiring, plumbing and completing the building. Hopefully, testing should begin at the end of this year. The Los Juarez gold, silver, and antimony property is regarded as potentially the largest corporate asset and has been on hold due to metallurgical and permitting delays.
At the Sierra de Guadalupe Mines in Zacatecas, Mexico there are now eight contractors and we believe more on the way. Production could eventually rival Wadley which is geologically very similar. At the Soyatal District in Queretaro, Mexico, mining has been slower due to the need for explosives. An explosives license is being pursued. Equipment is being delivered to the Wadley Mine to increase production. The latest acquisition is a -5 ton truck to transport ore from the mine down to the Herradura mill for crushing and sampling. The mine delivers a load of ore each Monday to Madero.
Progress on the dismantling and transportation of the Great Lakes Chemical Corporation, LANXESS Holding Company US Inc. antimony plant in Reynosa, Mexico is estimated at 50% completion.
Despite a reduction in raw material supplies from North America, USAC has sustained production as a result of our Mexican mines.
CEO John Lawrence said “ We are looking forward to more production from Guadalupe and the commissioning of the Puerto Blanco mill to begin gold, silver, and antimony production from the Los Juarez deposit.”
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.