Monthly (August 2021) Operational Update from US Antimony Corporation

Rhea-AI Summary

United States Antimony Corporation (UAMY) released its August 2021 Operations Update, announcing zero lost-time accidents and environmental incidents. Antimony prices have surged to over $12,000 per ton due to supply constraints. Madero's production totaled 92,326 lbs. of antimony trioxide, with plans for direct shipping to customers. Upgrades included a new jaw crusher at Bear River Zeolite, enhancing efficiency. The company continues securing new antimony sources in North America. Forward-looking statements caution investors about potential uncertainties in future performance.

Positive

• Antimony prices exceeding $12,000 per ton, indicating a favorable market environment.
• Zero lost-time accidents and environmental incidents reported in August, showcasing operational safety.
• Successful installation of a refurbished jaw crusher, reducing production downtime.
• Planned increase in production capacity for antimony trisulphide to 1,100 lbs. per day, significantly enhancing output.

Negative

• Dependence on volatile antimony prices poses risks in revenue stability.
• -

THOMPSON FALLS, MT / ACCESSWIRE / September 21, 2021 / United States Antimony Corporation (NYSE:UAMY) Announces Monthly Operations Update for August 2021.

The Company is pleased to provide a monthly update of its operations to shareholders as management continues to be focused on operational improvements, R&D, and growth opportunities. Sales figures will be announced quarterly and separately when the Company files its 10Q for the period ending June 30, 2021.

Antimony prices are at an eight year high, now in excess of $12,000 per ton FOB China, due to supply constraints in Hunan Province. Some purchases were reported to have been executed at $12,775.

Safety and Environmental

All Company operations reported zero lost time or serious injury accidents during the month of August.

There were zero environmental spills, discharges, or incidents during the month of August.

August Production

Bear River Zeolite ("BRZ") tons of zeolite
Mined 861 tons
Shipped 1037 tons
Madero Smelter - 42,500 pounds of antimony trioxide shipped to Thompson Falls.

Operations Upgrades

BRZ - On August 12^th, the bearings went out on the primary jaw crusher, essentially shutting down production. The company was able to source and purchase a refurbished jaw crusher. This shortened the down time that would have been required for repairs and dovetailed with the continuing program to upgrade the efficiency and reliability of the zeolite plant. Installation of this new jaw was completed, and it was online by September 3,2021. Pit production test work utilizing the D-9 dozer to rip the in-situ zeolite instead of drilling and blasting continues.

Madero - The team at Madero continued scheduled operations while also engaged in process modifications and test-work towards the upgrading of the quality of Madero production of antimony trioxide. As previously discussed, success in this endeavor would enable the direct shipping of a portion of Madero production to customers, saving money on trucking to, and reprocessing of Madero product at the Thompson Falls operations. Madero production for August totaled 92,326 lbs. of antimony trioxide.

Ambri Inc.: On August 9, 2021Ambri announced that a $144 million financing had been secured to commercialize and grow its daily cycling, long-duration system technology, and to build a domestic manufacturing facility. Ambri has also entered into a long-term antimony supply agreement with Perpetua Resources. US Antimony (ref. News Release May 3, 2021) and Perpetua Resources (formerly Midas Gold) have signed a Collaboration Agreement to study the feasibility of processing Perpetua Resources antimony concentrates at facilities owned by US Antimony.

Los Juarez/Puerto Blanco: Discussions continue with third party exploration companies towards a possible earn-in joint venture arrangement that would utilize their expertise and lower the company's risk

Antimony Trisulphide: Installation of the two new processing furnaces for Antimony Trisulphide at Thompson Falls is nearly complete with testing to ensue thereafter. Upon completion, throughput nameplate capacity of antimony trisulphide, (used in munitions applications including primers and tracers) will increase to approximately 1100 lbs. per day from 100 lbs. per day.

A second sample of antimony trisulfide lump has been prepared and sent for grinding and laboratory analysis. If the quality meets spec., the second sample will be sent to the Piscatinny Arsenal of the U. S. Department of Defense.

Efforts to secure new sources of antimony in North America continued during August, with testing of material from Soyatal and other locations in Mexico being conducted.

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/664996/Monthly-August-2021-Operational-Update-from-US-Antimony-Corporation

FAQ

What are the operational updates for UAMY in August 2021?

UAMY reported zero accidents and environmental incidents, with significant production and market developments.

How much antimony did UAMY produce in August 2021?

In August 2021, UAMY produced 92,326 lbs. of antimony trioxide.

What is the current price of antimony as reported by UAMY?

Antimony prices have risen above $12,000 per ton, reaching as high as $12,775 due to supply issues.

What upgrades were made to UAMY's production facilities?

A refurbished jaw crusher was installed at Bear River Zeolite, improving operational efficiency.

What are the implications of UAMY's plans for antimony trisulphide production?

UAMY plans to increase production capacity for antimony trisulphide to approximately 1,100 lbs. per day.