Corporate Update from US Antimony Corporation

Rhea-AI Summary

United States Antimony Corporation (NYSE:UAMY) has provided a corporate update outlining significant progress in its objectives for November 2021. The company emphasizes its commitment to increasing supplies of antimony, a critical mineral in North America, amid rising demand driven by potential applications in electrical storage batteries. Ongoing efforts include negotiations for a multi-year supply contract, assessments of advanced-stage mining operations, and exploration for additional properties. Furthermore, interest in joint ventures for gold and silver exploration in Mexico is noted, alongside investments aimed at enhancing production capacity of zeolite.

Positive

• Ongoing negotiations for a multi-year supply contract of antimony.
• Assessment of two advanced-stage antimony mining operations.
• Interest from other companies for potential joint ventures in gold and silver exploration.

Negative

• None.

A United States Antimony Corporation (NYSE:UAMY Provides Corporate Update for November 2021)

THOMPSON FALLS, MT / ACCESSWIRE / November 23, 2021 / The update is intended to highlight the corporate objectives and to provide information on the progress being made towards achieving these goals. Sales and financial information will continue to be announced quarterly through the Company's 10Q filing and material information will be announced separately.

Antimony has been the focus of the company since its inception. The demand for North American based supplies of antimony is increasing and antimony is prominent on the US Geological Survey Listing of Critical Minerals. It is believed that the possible use of antimony in electrical storage batteries would greatly increase the demand and management is focused on increasing the sources, reliability and quantity of antimony within the Company's supply chain. Recent progress towards these goals include:

• Negotiations with its North American supplier to achieve a multi-year contract for supply of their antimony by-product continue.
• Assessment of two advanced-stage antimony mining operations and
• Management continues the search for other antimony properties of merit.

Antimony is often associated with gold within certain types of mineral deposits. Members of both the company management and the board have extensive experience in the North American gold mining industry and opportunities in the gold sector are being actively pursued.

Los Juarez/Puerto Blanco: Two additional mining exploration companies have expressed interest in a possible joint venture. The potential joint venture company would ideally have existing personnel with experience in exploration for gold and silver in Mexico and would fund and manage the initial exploration programs.

Bear River Zeolite: Management believes that zeolite usage will continue to grow with the Green Economy. Judicious investments in upgrading the plant and the rolling stock will enable increases in production, and a lowering of maintenance costs.

Strengthening the Management Team: The Board is pro-active in supporting the strengthening of the management team as the company grows.

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.

CONTACT:
United States Antimony Corp.
PO Box 643 47 Cox Gulch Rd.
Thompson Falls, Montana 59873-0643

E-Mail: info@unitedstatesantimony.com Phone: 406 579 4097

SOURCE: United States Antimony Corp.

View source version on accesswire.com:
https://www.accesswire.com/674444/Corporate-Update-from-US-Antimony-Corporation

FAQ

What is the latest update from United States Antimony Corporation regarding its supply of antimony?

United States Antimony Corporation is negotiating a multi-year contract for the supply of antimony by-product, aiming to boost its supply chain.

What are the key objectives mentioned in the November 2021 corporate update from UAMY?

The key objectives include increasing antimony supplies and exploring potential joint ventures in the gold and silver sectors.

How is UAMY addressing the growing demand for antimony?

UAMY is focusing on securing supply contracts and assessing advanced-stage mining operations to meet the increasing demand for antimony.

What investments is United States Antimony Corporation making in zeolite production?

The company plans to upgrade its plant and rolling stock to increase zeolite production and reduce maintenance costs.

What opportunities are being explored by UAMY in the gold sector?

UAMY is actively pursuing opportunities in the gold sector, leveraging the extensive experience of its management and board.