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  • United States Antimony Corp. (UAMY) Delivers Promising Operational Update 0 comments
    Sep 21, 2012 10:14 AM | about stocks: UAMY

    United States Antimony has reported an increase in raw material supply, milling capacity, and order increase.

    The supply of antimony-bearing rock from properties near USAC's Mexican mill and from its own Los Juarez antimony-silver-gold property has increased during the quarter and now constitutes a stock pile estimated at 10,000 tons.

    In October 2012, USAC is anticipating the addition of a second shift at its Puerto Blanco mill. A separate circuit to process antimony minerals has also begun construction. The company has stockpiled roughly 2,000 tons of antimony oxide rock grading up to 17% antimony stock. Sulfide antimony concentrates produced at the Puerto Blanco mill from USAC's Los Juarez property, the Zacetecas property, and Soyatal are shipped to the Mexican smelter. There is a possibility of USAC relocating its 500 ton per day mill to Mexico from Montana in 2013. Mexico has granted a permit to USAC to double its smelting capacity in the country. USAC can currently produce more than 10,000,000 pounds of antimony oxide in Montana with antimony metal.

    The company is still in a "sold out" condition as demand from major military and industrial consumers of antimony products in the Far East, North America, and Mexico remains very strong. Consumers continue to seek alternative sources of supply other than Chinese products.

    CEO John Lawrence comments, "The growth of raw material supply, milling, and smelting capacity are expected to increase overall production. We expect to report assay results from the milling of the Los Juarez property shortly."

    For more information, please visit usantimony.com

    Please see disclaimer on the QualityStocks website: disclaimer.qualitystocks.net

    Stocks: UAMY
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