U.S. Antimony (UAMY) Announces Approval Received from DOD for Third & Final Antimony Trisulfide Sample from the Sierra Guadalupe Mines

Rhea-AI Summary

United States Antimony Corporation (UAMY) announced that the Department of Defense (DOD) has approved its third and final sample of antimony trisulfide, crucial for munitions. The samples originated from ore at the Sierra Guadalupe mines in Zacatecas, Mexico, where UAMY acquired mining concessions in Q3 2022. This approval positions UAMY as the only North American source for antimony trisulfide for DOD applications. The Sierra Guadalupe mines historically produced high-grade antimony and will supply ore to UAMY's Puerto Blanco flotation facility for further processing.

Positive

• DOD approved the third and final sample of antimony trisulfide from UAMY, ensuring a supply for munitions.
• UAMY is now the only approved North American source of antimony for the DOD/DLA.
• Mining concessions at the Sierra Guadalupe mines enhance UAMY's operational capabilities.

Negative

• None.

THOMPSON FALLS, MT / ACCESSWIRE / March 6, 2023 / United States Antimony Corporation ("UAMY", "U.S. Antimony" or the "Company") is pleased to announce that the Department of Defense ("DOD") and the Defense Logistics Agency ("DLA") have approved the third and final sample of antimony trisulfide supplied by the company. The samples were all taken from material obtained via concentrating feed from ore at the Sierra Guadalupe mines in the state of Zacatecas Mexico. The Company, in Q3 of 2022, entered into a purchase agreement for the ownership of the mining concessions at the Sierra Guadalupe Mines and is currently engaged in negotiations for the surface rights. The mines were worked prior to 1970 and the approved material came from concentrate made from dump rock generated from that mining effort.

The Guadalupe supplied a small amount of high-grade feed for direct smelting in 2016-2018 that had an average grade of approximately 32% antimony.

SUMMARY:

The mine, because of its predominance of sulfide ore, was acquired for the supply of ore to the Company's Puerto Blanco flotation facility for concentration followed by shipment to the Montana facilities for synthesis into purified antimony trisulfide crystal.

This approval means that U.S. Antimony now has the only approved North American mine source of antimony for the production and supply of antimony trisulfide to the DOD/DLA for primers in munitions.

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-K 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: 928-234-5227

SOURCE: United States Antimony Corporation

View source version on accesswire.com:
https://www.accesswire.com/741863/US-Antimony-UAMY-Announces-Approval-Received-from-DOD-for-Third-Final-Antimony-Trisulfide-Sample-from-the-Sierra-Guadalupe-Mines

FAQ

What is the significance of the DOD's approval for UAMY's antimony trisulfide?

The DOD's approval allows UAMY to supply antimony trisulfide for munitions, establishing it as the only approved North American source.

Where does UAMY source its antimony trisulfide from?

UAMY sources its antimony trisulfide from the Sierra Guadalupe mines in Zacatecas, Mexico.

When did UAMY acquire the mining concessions for Sierra Guadalupe?

UAMY entered into a purchase agreement for the mining concessions in Q3 of 2022.

What historical production data is available for the Sierra Guadalupe mines?

The mines previously supplied high-grade antimony feed averaging 32% from 2016-2018.

What does the approval mean for UAMY's future operations?

The approval is expected to enhance UAMY's production capabilities and revenue from supplying the DOD.