United States Antimony Corporation Announces Acquisition of New Mining Claims Located in the State of Alaska
United States Antimony (NYSE American:UAMY) has acquired 69 State of Alaska mining claims, covering 11,040 acres. The acquisition was based on recommendations from experienced geologists and historical data. A key target is an 8-foot-wide quartz vein with high copper content, averaging 16.5% copper, 0.076 opt gold, and 2.21 opt silver from 13 samples. The area is accessible via 10 miles of existing resource roads from a major highway.
This acquisition, along with recent claims in Ontario, Canada, expands USAC's strategic mineral reserves. The company is considering additional mining opportunities in Alaska and is in discussions with other claim holders. USAC emphasizes the importance of domestic critical mineral access, especially in light of China's recent decision to limit antimony sales globally.
United States Antimony (NYSE American:UAMY) ha acquisito 69 concessioni minerarie nello Stato dell'Alaska, che coprono 11.040 acri. L'acquisizione si basa su raccomandazioni di geologi esperti e dati storici. Un obiettivo chiave è un filone di quarzo largo 8 piedi con alto contenuto di rame, con una media del 16,5% di rame, 0,076 opt di oro e 2,21 opt di argento da 13 campioni. L'area è accessibile tramite 10 miglia di strade esistenti da una strada principale.
Questa acquisizione, insieme alle recenti concessioni in Ontario, Canada, espande le riserve minerarie strategiche di USAC. L'azienda sta considerando ulteriori opportunità minerarie in Alaska ed è in discussione con altri titolari di concessioni. USAC sottolinea l'importanza dell'accesso ai minerali critici nazionali, soprattutto alla luce della recente decisione della Cina di limitare le vendite di antimonio a livello globale.
United States Antimony (NYSE American:UAMY) ha adquirido 69 reclamos mineros en el Estado de Alaska, que cubren 11,040 acres. La adquisición se basó en recomendaciones de geólogos experimentados y datos históricos. Un objetivo clave es un vein de cuarzo de 8 pies de ancho con alto contenido de cobre, que promedia un 16,5% de cobre, 0,076 opt de oro y 2,21 opt de plata de 13 muestras. La zona es accesible a través de 10 millas de caminos de recursos existentes desde una carretera principal.
Esta adquisición, junto con los reclamos recientes en Ontario, Canadá, expande las reservas minerales estratégicas de USAC. La empresa está considerando oportunidades mineras adicionales en Alaska y está en conversaciones con otros titulares de reclamos. USAC enfatiza la importancia del acceso a minerales críticos nacionales, especialmente a la luz de la reciente decisión de China de limitar las ventas de antimonio a nivel mundial.
United States Antimony (NYSE American:UAMY)는 알래스카 주에 있는 69개의 광산 청구권을 인수했습니다, 총 면적은 11,040에이커입니다. 이 인수는 경험이 풍부한 지질학자들의 추천과 역사적 데이터를 바탕으로 이루어졌습니다. 주요 목표는 구리 함량이 높은 8피트 너비의 석영 vein으로, 13개의 샘플에서 평균 16.5%의 구리, 0.076 opt의 금, 2.21 opt의 은을 기록하고 있습니다. 이 지역은 주요 고속도로에서 10마일에 해당하는 기존 자원 도로를 통해 접근할 수 있습니다.
이번 인수는 캐나다 온타리오에서의 최근 청구권과 함께 USAC의 전략적 광물 자원을 확장합니다. 회사는 알래스카에서 추가적인 광산 기회를 고려하고 있으며, 다른 청구권 보유자와 논의 중입니다. USAC는 특히 중국이 전 세계적으로 안티모니 판매를 제한하겠다는 최근 결정과 관련하여 국내에서의 중요한 광물 접근의 중요성을 강조합니다.
United States Antimony (NYSE American:UAMY) a acquis 69 concessions minières dans l'État de l'Alaska, couvrant 11 040 acres. Cette acquisition est basée sur des recommandations de géologues expérimentés et des données historiques. Un objectif clé est un filon de quartz de 8 pieds de large avec une haute teneur en cuivre, moyenne de 16,5 % de cuivre, 0,076 opt d'or et 2,21 opt d'argent à partir de 13 échantillons. La zone est accessible par 10 miles de routes de ressources existantes depuis une grande route.
Cette acquisition, ainsi que des concessions récentes en Ontario, Canada, élargit les réserves minérales stratégiques de USAC. L'entreprise envisage d'autres opportunités minières en Alaska et est en discussion avec d'autres titulaires de concessions. USAC souligne l'importance de l'accès aux minéraux critiques nationaux, notamment à la lumière de la récente décision de la Chine de limiter les ventes d'antimoine à l'échelle mondiale.
United States Antimony (NYSE American:UAMY) hat 69 Bergbauansprüche im Bundesstaat Alaska erworben, die eine Fläche von 11.040 Acres abdecken. Der Erwerb basierte auf Empfehlungen erfahrener Geologen und historischen Daten. Ein wichtiges Ziel ist ein 8 Fuß breiter Quarzgang mit hohem Kupfergehalt, der im Durchschnitt 16,5% Kupfer, 0,076 opt Gold und 2,21 opt Silber aus 13 Proben aufweist. Das Gebiet ist über 10 Meilen bestehender Ressourcengebiete von einer Hauptstraße aus erreichbar.
Dieser Erwerb, zusammen mit den jüngsten Ansprüchen in Ontario, Kanada, erweitert die strategischen Mineralreserven von USAC. Das Unternehmen prüft zusätzliche Bergbauchancen in Alaska und führt Gespräche mit anderen Anspruchsinhabern. USAC betont die Bedeutung des Zugangs zu inländischen kritischen Mineralien, insbesondere im Hinblick auf Chinas kürzliche Entscheidung, den weltweiten Verkauf von Antimon zu begrenzen.
- Acquisition of 69 new mining claims covering 11,040 acres in Alaska
- High-grade copper vein discovered, averaging 16.5% copper content
- Easy access to the mining site via existing resource roads
- Expansion of strategic mineral reserves with critical minerals
- Potential for further acquisitions or joint ventures in the area
- Exact location of new mining claims not disclosed due to ongoing negotiations
- Dependence on China for critical minerals highlighted as a concern
The acquisition of 69 new mining claims in Alaska represents a strategic expansion for United States Antimony (USAC). The claims, covering 11,040 acres, are particularly noteworthy due to the presence of a high-grade copper vein. With average assay values of
The focus on copper, a critical mineral, aligns with current market demands and government priorities. The accessible terrain and existing infrastructure (10 miles of resource roads) could potentially reduce development costs and accelerate production timelines. However, investors should note that exploration and development of mining properties involve substantial risks and capital expenditures. The company's strategy of diversifying its mineral portfolio across different geographies (Alaska and Ontario) could help mitigate some country-specific risks.
This acquisition could potentially enhance USAC's long-term value proposition. The high-grade copper discovery, if proven economically viable, could significantly boost the company's future revenue streams. However, it's important to consider the capital requirements for developing these claims and the timeline to potential production.
Investors should focus on USAC's ability to finance exploration and development activities. The company's current financial position, debt levels and access to capital markets will be critical factors. Additionally, the geopolitical aspect of securing domestic sources of critical minerals amid China's export restrictions could positively impact USAC's strategic importance and potentially its valuation. Keep an eye on future updates regarding resource estimates, feasibility studies and development plans to better assess the financial implications of this acquisition.
USAC's acquisition of Alaskan mining claims is strategically significant in the context of global critical mineral supply chains. With China's recent decision to curtail worldwide antimony sales, securing domestic sources of critical minerals has become important for national security and economic stability.
Alaska's favorable regulatory environment for responsible resource development could expedite project timelines compared to other jurisdictions. This aspect, combined with the U.S. government's focus on reducing dependence on foreign sources for critical minerals, may provide USAC with potential regulatory and funding advantages. However, investors should be aware that geopolitical tensions and trade policies can rapidly shift, potentially affecting the strategic value and economic viability of such projects. The company's diversification strategy across different critical minerals and geographies appears prudent in this volatile geopolitical landscape.
"The Critical Minerals and ZEO Company"
THOMPSON FALLS, MT / ACCESSWIRE / August 21, 2024 / United States Antimony Corporation ("USAC", or the "Company"), (NYSE American:UAMY) announced today the acquisition of, through a helicopter supported staking program, 69 State of Alaska mining claims, covering 11,040 acres (17.25 square miles). UAMY personnel were attracted to the area upon the recommendation of consulting geologists who had many years of Alaskan field experience, and by studying historical State of Alaska geological reconnaissance, mapping, sampling and assaying reports. One of the prime targets of the staking program was an 8-foot-wide quartz vein with very high copper values that the company geologists had previously examined. Assay values of 13 samples collected by the State geologists, from the quartz vein averaged
Access to this high-grade copper exposure is particularly favorable in open to moderate terrain. The company's consulting geologists were able to drive (without the use of 4WD) to within walking distance of the quartz vein via 10 miles of existing resource roads from a major highway.
Commenting on the new mining leases acquired by the Company today, Mr. Joe Bardswich, P.E., a Director and Co-CEO of USAC stated, "Similar to our recent acquisition of mining claims with high grades of critical minerals located in Ontario, Canada, announced last week (see Press Release dated August 13, 2024), these Alaskan properties continue to expand our in-house strategic mineral reserve options. Alaskan citizens are very much aware of the importance of natural resources to the national security of this nation. State rules, regulations and the attitudes of citizens encourage environmentally responsible development without the many years of red tape found under other jurisdictions. The State of Alaska is under-explored, and we are considering other mining opportunities located in Alaska. We are currently having initial discussions with other claim holders within the area of interest regarding possible acquisitions, options or joint ventures. Due to these other activities which are ongoing, we are not yet disclosing the exact location of these new mining claims announced today."
This second announcement of new mining claims by the Company, also associated with Critical Minerals, gives our company and its shareholders an additional mining option on home grown territory. With the recent decision by China to curtail worldwide sales of antimony, we are better understanding the importance of immediate access to critical minerals necessary not only for our military in munitions, but for everyday necessities such as batteries, fire retardants, computer chips, etc. We are not in a free market when China controls so much of these materials around the world and then dictates when and how they will be sold.
About USAC:
United States Antimony Corporation and its subsidiaries in the U.S. and Mexico ("USAC", the "Company", "Our", "Us", or "We") sell processed antimony, zeolite, and precious metals products in the U.S. and Canada. The Company processes antimony ore primarily into antimony oxide, antimony metal, and antimony trisulfide. Our antimony oxide is used to form a flame-retardant system for plastics, rubber, fiberglass, textile goods, paints, coatings and paper, as a color fastener in paint, and as a phosphorescent agent in fluorescent light bulbs. Our antimony metal is used in bearings, storage batteries, and ordnance. Our antimony trisulfide is used as a primer in ammunition. In its operations in Idaho, the Company mines and processes zeolite, a group of industrial minerals used in soil amendment and fertilizer, water filtration, sewage treatment, nuclear waste and other environmental cleanup, odor control, gas separation, animal nutrition, and other miscellaneous applications. We recover certain amounts of precious metals, primarily gold and silver, at our plant in Montana from antimony concentrates.
Forward-Looking Statements:
Readers should note that, in addition to the historical information contained herein, this press release may contain forward-looking statements within the meaning of, and intended to be covered by, the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon current expectations and beliefs concerning future developments and their potential effects on the Company including matters related to the Company's operations, pending contracts and future revenues, financial performance, and profitability, 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 and Form 10-Q with the Securities and Exchange Commission.
Forward-looking statements are typically identified by words such as "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "pro forma" and other similar words and expressions. Forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made. Because forward-looking statements are subject to assumptions and uncertainties, actual results or future events could differ, possibly materially, from those anticipated in the forward-looking statements and future results could differ materially from historical performance.
Contact:
United States Antimony Corp.
PO Box 643
47 Cox Gulch Rd.
Thompson Falls, Montana 59873-0643
E-Mail: Jmiller@usantimony.com
Phone: 406-606-4117
SOURCE: United States Antimony Corp.
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