- Oops!Something went wrong.Please try again later.
THOMPSON FALLS, MT / ACCESSWIRE / August 6, 2018 / United States Antimony Corporation ("USAC", NYSE American: UAMY) reported that the construction of the cyanide leach plant for the Los Juarez gold/silver/antimony plant is on schedule to start pilot testing during Q4 of 2018. The largest project has been the excavation of the tailings pond, and it should be ready for a liner by the end of September 2018.
Cyanide Leach Pond
The leach plant floor with a containment lip has been completed. No building over the floor is contemplated, and the equipment will be placed directly on the floor. Most of the equipment is under construction in Montana and will be ready for immediate service following delivery.
Cyanide Leach Plant Floor
During the construction period, the Montana metallurgical lab has been busy testing and confirming the metallurgy. Three technical discoveries were made that will expedite long term processing and cut cash costs substantially.
Estimated sales for the month of July 2018 were as follows:
Zeolite short tons
The average Rotterdam price for antimony metal during July 2018 was $7,927.27 per metric ton or $3.595 per pound.
CEO John Lawrence said, "We are steadily increasing Mexican production from the Wadley and very excited about the test work on the gold/silver/antimony production from Los Juarez."
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.
U.S. Antimony Corporation
PO Box 643
407 Cox Gulch Rd
Thompson Falls, Montana 59873-0643
SOURCE: United States Antimony Corporation