Allied Critical Metals Inc. press release
U. S. Antimony Reports Progress
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THOMPSON FALLS, MT / ACCESSWIRE / September 6, 2016 / United States Antimony Corporation ("USAC", NYSE MKT "UAMY") reported the following sales estimates for August 2016:
| Product | August | | Antimony pounds | 245,785 | | BRZ zeolite tons | 1,120 | | Gold from Australia ounces | 61.663 |
During the month of August, the Rotterdam price per metric of antimony firmed from $6,950.00 ($3.15 per pound) to $7200 ($3.265 per pound) by the end of the month, an increase of $250.00 per ton ($0.113 per pound).
Antimony sales during August were up from July (173,498 pounds) due to greater raw material supply. Australian antimony concentrates will be finished by the end of 2016, but gold production will continue into 2017. Our Mexican mine production is being ramped up to provide smelter feed to Madero to replace the australian production. Australian gold production was off during August due to a lack of refractory supplies from India.
The environmental permit for the cyanide leach plant at the Puerto Blanco mill site in Guanajuato, Mexico is being reviewed by SEMARNAT (the Mexican equivalent of the EPA), and the initial response is expected by the middle of September. When SEMARNAT issues the permit the mill will recover gold and silver from the tailings of the flotation mill. Recovered values per ton of open pit mine feed are expected to be in the $145.00 to $155.00 range. USAC does not claim any reserves by S.E.C. definition.
The Los Juarez leach circuit at the Madero smelter designed to recover gold and silver from the flotation concentrates has been completed, and test work will begin this month. The Company has an inventory of Los Juarez concentrates at Madero from the flotation tests.
A new BRZ salesman and his staff have been retained, primarily for animal feed sales, the largest market for BRZ.
CEO John Lawrence said, "The testing of the Madero leach plant and the imminent permit for the leach plant at Puerto Blanco brings the company closer to becoming a significant precious metal producer."
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.
SOURCE:United States Antimony Corporation