Brixton Metals Corporation press release
U.S. Antimony Reports Strong Production
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THOMPSON FALL, MT / ACCESSWIRE / February 5, 2018 / United States Antimony Corporation ("USAC," NYSE American: UAMY) reported estimated sales for December 2017 and January 2018 were as follows:
| Product | December 2017 | January 2018 | % Change | | Antimony pounds | 76,868 | 212,764 | +177% | | Zeolite short tons | 909 | 1,337 | + 47% |
Antimony sales were 135,896 pounds or 177% greater in January 2018 than December 2017 due to the fact that customers do not want large inventories at year end. USAC's Mexican production has been more meaningful as the North American supply of raw materials has slowed down.
Zeolite sales were 428 tons or 47% greater in January 2018 than in December 2017 due to new orders and customers. The BRZ zeolite has out- performed other domestic and Canadian zeolites producers and has been chosen for nuclear remediation and the removal of ammonium from water. Orders for BRZ are strong for the first half of 2018.
Commodity prices for January 2018 were as follows:
| Commodity | Quote | January 1, | January 31, | Change | | Antimony metal pounds | Rotterdam | $3.70 | $3.79 | +2.4% | | Gold ounces | Kitco | $1,306.40 | $1,344.50 | +2.9% | | Silver ounces | Kitco | $16.97 | $17.275 | +1.8% |
Construction of the pilot cyanide leach circuit at the Puerto Blanco mill for the leaching of the Los Juarez gold and silver tailings continues making progress. After the successful testing of the leach circuit, the production will be ramped up to the 100 ton per day mill capacity. Thereafter, work will begin on the 400 ton per day mill, and the same leach circuit can be expanded to accommodate the 400 ton per day mill at a minimal expense.
CEO John Lawrence said, "We are excited about the sharp increase in antimony and zeolite sales in January and the startup of gold and silver production from Los Juarez. We are still working on several strategic and financial opportunities presented to the Company that do not involve dilution of any kind."
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 E-Mail: tfl3543@blackfoot.net
SOURCE: United States Antimony Corporation