United States Antimony Corporation Announces Lease Agreement on Philipsburg Flotation Facility Located in Montana
United States Antimony (NYSE American:UAMY) has announced a lease agreement to operate the Contact Mill, a 700 ton per day flotation facility in Philipsburg, Montana. This fully operational mill will enable USAC to upgrade both foreign and domestic ores that previously couldn't meet the cut-off grade for antimony trisulphide production at their Thompson Falls smelter. The facility can also process other metal sulphide ores, potentially creating new income streams.
Additionally, USAC has expanded its Iron Mask Project in Ontario, Canada, acquiring an additional 2,946 hectares of mining claims. This brings their total land package in the Sudbury District to 4,687 hectares, focusing on high-grade cobalt, nickel, and bismuth mineralization. The company continues exploration and development activities in Alaska and Canada to increase short-term production of antimony and other critical minerals.
United States Antimony (NYSE American:UAMY) ha annunciato un accordo di leasing per operare il Contact Mill, un impianto di flottazione da 700 tonnellate al giorno a Philipsburg, Montana. Questo impianto completamente operativo permetterà a USAC di migliorare sia i minerali esteri che quelli nazionali che in precedenza non soddisfacevano il grado di taglio per la produzione di trisolfuro di antimonio presso il loro stabilimento di Thompson Falls. L'impianto può anche trattare altri minerali metallici solfuro, creando potenzialmente nuove fonti di reddito.
Inoltre, USAC ha ampliato il suo Iron Mask Project in Ontario, Canada, acquisendo ulteriori 2.946 ettari di concessioni minerarie. Questo porta il loro pacchetto totale di terreni nel distretto di Sudbury a 4.687 ettari, con un focus sulla mineralizzazione ad alto grado di cobalto, nichel e bismuto. L'azienda continua le attività di esplorazione e sviluppo in Alaska e Canada per aumentare la produzione a breve termine di antimonio e altri minerali critici.
United States Antimony (NYSE American:UAMY) ha anunciado un acuerdo de arrendamiento para operar el Contact Mill, una instalación de flotación de 700 toneladas por día en Philipsburg, Montana. Este molino completamente operativo permitirá a USAC mejorar tanto minerales extranjeros como nacionales que anteriormente no cumplían con el grado de corte para la producción de trisulfuro de antimonio en su fundición de Thompson Falls. La instalación también puede procesar otros minerales metálicos sulfurosos, lo que potencialmente crearía nuevas fuentes de ingresos.
Además, USAC ha expandido su Iron Mask Project en Ontario, Canadá, adquiriendo 2.946 hectáreas adicionales de reclamaciones mineras. Esto lleva su paquete total de tierras en el distrito de Sudbury a 4.687 hectáreas, centrándose en la mineralización de alto grado de cobalto, níquel y bismuto. La compañía continúa actividades de exploración y desarrollo en Alaska y Canadá para aumentar la producción a corto plazo de antimonio y otros minerales críticos.
미국 안티모니(뉴욕 증권 거래소: UAMY)는 몬타나주 필립스버그에 위치한 하루 700톤 처리 용량의 Contact Mill 운영을 위한 임대 계약을 발표했습니다. 이 완전 가동 중인 밀은 USAC가 이전에는 항삼산안티모니 생산을 위한 컷오프 등급을 충족하지 못했던 국산 및 수입 광물의 품질을 개선할 수 있도록 할 것입니다. 이 시설은 또한 다른 금속 황화 광석을 처리할 수 있어 새로운 수익원을 창출할 가능성이 있습니다.
또한 USAC는 캐나다 온타리오의 Iron Mask Project를 확장하여 추가로 2,946헥타르의 광산 청구권을 인수했습니다. 이는 서드버리 지구의 총 토지 면적을 4,687헥타르로 늘리며, 고품질 코발트, 니켈 및 비스무트 광화물에 중점을 두고 있습니다. 이 회사는 알래스카와 캐나다에서 안티모니 및 기타 중요한 광물 생산을 단기적으로 늘리기 위해 탐사 및 개발 활동을 지속하고 있습니다.
United States Antimony (NYSE American:UAMY) a annoncé un contrat de location pour exploiter le Contact Mill, une installation de flottation de 700 tonnes par jour à Philipsburg, Montana. Ce moulin entièrement opérationnel permettra à USAC d'améliorer les minerais étrangers et nationaux qui ne satisfaisaient pas auparavant au seuil de production de trisulfure d’antimoine dans leur fonderie de Thompson Falls. L'installation peut également traiter d'autres minerais métalliques sulfureux, créant potentiellement de nouvelles sources de revenus.
De plus, USAC a élargi son Iron Mask Project en Ontario, Canada, en acquérant 2 946 hectares supplémentaires de permis miniers. Cela porte leur total de terrain dans le district de Sudbury à 4 687 hectares, en se concentrant sur la minéralisation hautement gradée de cobalt, de nickel et de bismuth. L'entreprise continue ses activités d'exploration et de développement en Alaska et au Canada pour augmenter la production à court terme d’antimoine et d'autres minéraux critiques.
United States Antimony (NYSE American:UAMY) hat einen Pachtvertrag zur Betreibung der Contact Mill in Philipsburg, Montana, mit einer Kapazität von 700 Tonnen pro Tag angekündigt. Diese voll funktionsfähige Mühle ermöglicht es USAC, sowohl ausländische als auch inländische Erze aufzuwerten, die zuvor die Grenzwerte für die Produktion von Antimontrisulfid in ihrem Schmelzbetrieb in Thompson Falls nicht erfüllten. Die Anlage kann auch andere metallische Sulfid-Erze verarbeiten, was potenziell neue Einkommensströme schaffen könnte.
Darüber hinaus hat USAC sein Iron Mask Project in Ontario, Kanada, erweitert und zusätzlich 2.946 Hektar Bergbauansprüche erworben. Dies bringt ihr gesamtes Landpaket im Sudbury-Distrikt auf 4.687 Hektar und konzentriert sich auf hochgradige Kobalt-, Nickel- und Bismutmineralisierung. Das Unternehmen führt weiterhin Explorations- und Entwicklungsaktivitäten in Alaska und Kanada durch, um die kurzfristige Produktion von Antimon und anderen lebenswichtigen Mineralien zu steigern.
- Acquisition of operational 700 ton per day Contact Mill in Philipsburg, Montana
- Ability to upgrade previously unsuitable antimony ores for processing
- Potential for new income streams from processing various metal sulphide ores
- Expansion of Iron Mask Project in Ontario, Canada by 2,946 hectares
- Positioning as the only operating antimony smelter in North America
- None.
This lease agreement is a strategic move for USAC, significantly enhancing its operational capabilities. The 700 ton per day Contact Mill provides USAC with the ability to process lower-grade antimony ores, addressing a critical bottleneck in their production chain. This expansion could lead to increased production volumes and potentially higher profit margins.
The timing is particularly advantageous given China's recent announcement to restrict certain antimony shipments. As the only operating antimony smelter in North America, USAC is now uniquely positioned to capitalize on new supply opportunities. This could result in increased market share and potentially higher revenues in the medium to long term.
The additional land acquisition in the Sudbury District further strengthens USAC's position in critical minerals. However, investors should note that exploration activities carry inherent risks and uncertain timelines for potential returns.
While specific financial figures are not provided, this development presents several potential upsides for USAC's financial performance. The ability to process lower-grade ores could lead to improved cost efficiency and potentially higher profit margins. Additionally, the expanded processing capabilities may result in new revenue streams from processing various critical mineral ores.
However, investors should consider the costs associated with the lease agreement and any necessary upgrades or maintenance for the facility. These expenses could impact short-term profitability. The long-term financial benefits will depend on USAC's ability to secure consistent ore supplies and efficiently operate the new facility.
The expansion into cobalt, nickel and bismuth exploration presents diversification opportunities but also requires capital investment with uncertain returns. Overall, this move could strengthen USAC's market position and financial outlook, but careful execution will be crucial.
"The Critical Minerals and ZEO Company"
THOMPSON FALLS, MT / ACCESSWIRE / September 4, 2024 / United States Antimony Corporation ("USAC", or the "Company"), (NYSE American:UAMY) announced today the execution of a lease agreement to become the operator of a fully permitted, environmentally compliant, 700 ton per day Contact Mill situated on private land located in Philipsburg, Montana. The Contact Mill is fully operational, complete with crushing, grinding, gravity, and dual flotation circuits. The Contact Mill has a stellar operational track record, proven in function many times over in prior years, has expansive tailings capacity, necessary support equipment, laboratories, and an experienced local technical workforce. By entering into the lease agreement, USAC will now manage a fully operational facility capable of upgrading both foreign and domestic ores that previously could not achieve the cut-off grade at the USAC operating Thompson Falls smelter, necessary to produce antimony trisulphide products that meet military specifications. The mill will also have the capability of upgrading most other metal sulphide ores and separating bi-metal and tri-metal ores into separate concentrate products, providing USAC with the flexibility to treat a variety of different critical mineral ores and achieve new income streams.
Commenting on this new agreement to manage and operate the Philipsburg Flotation Facility, Mr. Aaron Tenesch, Vice President of the Company's Antimony Division stated, "Gaining operating control of this facility which I previously managed years ago, has been my primary mission since coming on board with U.S. Antimony several months ago. We recognized that a large piece of our missing puzzle was our inability to upgrade sub-par antimony ore that we could then process in our existing smelter also located in Montana. With the recent announcement from China regarding their plan to discontinue certain antimony shipments worldwide, we have been inundated with new antimony supply possibilities from countries around the world since we are the only operating smelter in North America. The issue has been the low concentrate levels of these potential new supplies as well as certain impurities that we, nor anyone else, could previously handle. With this Philipsburg facility now within our Company's portfolio, this problem has been resolved. U.S. Antimony is now uniquely positioned in North America like no other company."
New Critical Mineral Leases
On the exploration front, field crews initiated geological mapping of the high-grade cobalt, nickel, and bismuth mineralization on the "Iron Mask Project" located in the Sudbury District of Ontario, Canada. (See Press Release dated August 13, 2024.) On the recommendation of technical personnel, USAC has recently acquired, through staking, an additional 2,946 hectares (7,280 acres or 11.4 square miles) of mining claims in the Sudbury District of Ontario, Canada raising the land package now to a total of 4,687 hectares (11,582 acres or 44.7 square miles).
Exploration activities, acquisitions and development plans continue at the company both in Alaska and Canada, with the objective of achieving short-term increased production of antimony and other critical minerals from various sources, utilizing pre-concentration of various ores at source and shipment to the Contact Mill for upgrade.
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
Jonathan Miller, Vice President - IR
E-Mail: Jmiller@usantimony.com
Phone: 406-606-4117
SOURCE: United States Antimony Corp.
View the original press release on accesswire.com
FAQ
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