United States Antimony Corporation Announces the Appointment of Fred L. "Pete" Bunger as a New Technical Advisory Director

Rhea-AI Summary

United States Antimony (NYSE:UAMY) has appointed Fred L. 'Pete' Bunger as a new Technical Advisory Director. Bunger, founder and President of ZEO, Inc., brings extensive expertise in zeolite products and applications. His company is a major customer of UAMY's subsidiary, Bear River Zeolite. Bunger's experience includes roles at Occidental Petroleum and DuPont, with a Ph.D. in Inorganic Chemistry. Chairman & Co-CEO Gary C. Evans praised Bunger's knowledge and contributions, highlighting ongoing collaboration on a potential new zeolite product. Bunger expressed enthusiasm for his new role, focusing on innovation and developing zeolite's potential to drive growth and deliver sustainable solutions globally.

Positive

• Appointment of a highly experienced zeolite expert as Technical Advisory Director
• Ongoing collaboration on a potentially significant new zeolite product
• Strengthened relationship with a major customer (ZEO, Inc.)
• Enhanced expertise in zeolite applications and market potential
• Improved positioning for lobbying efforts in Washington D.C.

Negative

• None.

"The Critical Minerals and ZEO Company"

THOMPSON FALLS, MT / ACCESSWIRE / August 6, 2024 / United States Antimony Corporation ("USAC", or the "Company"), (NYSE:UAMY) announced today the Appointment of Fred L. "Pete" Bunger to become a new Technical Advisory Director to the Board and management team. Pete is the founder and President of ZEO, Inc. since 1982. His company is one of the largest customers of Bear River Zeolite, our wholly-owned subsidiary active in zeolite mining and processing in Idaho. His company is involved in product development and marketing of natural zeolites and allied products to both domestic and international wholesale markets. ZEO, Inc. products include:

Water Filtration

ZeoSand^® Filter Media - Natural Zeolite
Ruby Sand^® Filter Media - Calcined Clay
ZeoFiber^® Filter Media - Cellulose Fiber
Private Label

Animal Feed

ZAR-MIN^® Feed Additive
ZMC-100^® Feed Additive
Private Label

Soil

EcoSand^® Soil Amendment

Specialty Products

Z-Ox^® Greensand Replacement
Z-Ultra^® Anticaking Agent
ZeoShield^® Antimicrobial Zeolite
Zeo Plus Organo Zeolite

Mr. Bunger previously held various positions and was General Manager at Occidental Petroleum from 1978 until 1982, when he started his own company. He was also previously employed at DuPont from 1967-1978 in various R&D activities. Mr. Bunger received his B.S. in Chemistry, Physics, and Math in 1963 from Austin Peay State University. He subsequently received his Ph.D. in 1967 from the University of North Carolina. His major was Inorganic Chemistry with a minor in Analytical Chemistry.

Commenting on Mr. Bunger's appointment, Mr. Gary C. Evans, Chairman & Co-CEO stated, "I have gotten to know both Pete and his wife Robin over the last year and one-half. He has been an invaluable asset and sounding board to me and many members of our management team. He has taught me more about zeolite and its incredible properties and applications than I could ever have imagined. He is undoubtedly the "zeolite expert" in the U.S. and likely around the world. We are currently working on a new zeolite product together that could have significant growth potential. Once our patents are properly filed, we will be in a position to disclose these activities. Pete has also assisted us in our Washington D.C. lobbying efforts and brings tremendous credibility to us due to his knowledge and vast experience. As a new Technical Advisory Director to U.S. Antimony Corporation, our close working relationship is further solidified."

Responding to this new Technical Advisory Director position with the Company, Fred L. "Pete" Bunger said, "As Technical Advisory Director at U.S. Antimony Corporation, I look forward to focusing on innovation and further developing the vast potential of natural zeolite. This role offers an incredible opportunity to collaborate with a highly professional team dedicated to growing the business based on zeolite's unique properties and applications. For more than forty years, my vision for zeolite's remarkable capabilities has driven me to explore new frontiers. I am excited to continue this pursuit with a company that shares this enthusiasm and vision. Working alongside Mr. Gary C. Evans and the talented members of U.S. Antimony's management team has already been a rewarding experience. I am eager to contribute my expertise to advance our shared vision of pioneering innovative zeolite products and further developing the existing business. Together, we will further unlock the full potential of natural zeolites, driving growth and delivering groundbreaking, sustainable solutions to industries worldwide. I look forward to this new chapter and am committed to achieving success in our endeavors."

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: 813-505-0674

SOURCE: United States Antimony Corporation

View the original press release on accesswire.com

FAQ

Who is Fred L. 'Pete' Bunger and what is his new role at United States Antimony (UAMY)?

Fred L. 'Pete' Bunger is the founder and President of ZEO, Inc., and has been appointed as a new Technical Advisory Director at United States Antimony (NYSE:UAMY). He brings extensive expertise in zeolite products and applications to the company.

What is the significance of Bunger's appointment for UAMY's zeolite business?

Bunger's appointment is significant for UAMY's zeolite business as he is considered a leading expert in zeolite applications. His expertise is expected to drive innovation, product development, and growth in UAMY's zeolite operations, potentially leading to new market opportunities.

Is United States Antimony (UAMY) working on any new zeolite products?

Yes, UAMY is currently collaborating with Fred L. 'Pete' Bunger on a new zeolite product that could have significant growth potential. However, details are not yet disclosed pending patent filings.

How might Bunger's appointment impact UAMY's lobbying efforts in Washington D.C.?

Bunger's appointment is expected to enhance UAMY's lobbying efforts in Washington D.C. due to his extensive knowledge and experience in the zeolite industry, bringing increased credibility to the company's initiatives.