United States Antimony Corporation Further Expands Alaska Mining Land Ownership Position with Acquisition of Stibnite Creek Antimony Claims
United States Antimony (NYSE:UAMY) has expanded its Alaska mining presence by staking 24 new claims totaling 3,840 acres near Stibnite Creek in the Tok area. This addition brings UAMY's total Alaskan claims to 93, covering 14,880 acres. The newly claimed area is historically rich in antimony mineralization, along with deposits of gold, silver, copper, and zinc. The expansion aims to secure domestic critical minerals sources, particularly significant given China's recent ban on antimony exports. As North America's only antimony smelter, UAMY seeks to become fully integrated with raw ore sources, flotation capabilities, and smelting operations.
United States Antimony (NYSE:UAMY) ha ampliato la sua presenza mineraria in Alaska, rivendicando 24 nuove concessioni per un totale di 3.840 acri vicino a Stibnite Creek nell'area di Tok. Questa espansione porta il totale delle concessioni alaskane di UAMY a 93, coprendo 14.880 acri. L'area appena concessa è storicamente ricca di antimonio e presenta depositi di oro, argento, rame e zinco. L'espansione punta a garantire fonti domestiche di minerali critici, cosa particolarmente significativa considerato il recente divieto della Cina sulle esportazioni di antimonio. In quanto unica fonderia di antimonio in Nord America, UAMY cerca di diventare completamente integrata con fonti di minerale grezzo, capacità di flottazione e operazioni di fusione.
United States Antimony (NYSE:UAMY) ha expandido su presencia minera en Alaska al reclamar 24 nuevas concesiones que totalizan 3,840 acres cerca de Stibnite Creek en el área de Tok. Esta adición lleva el total de las concesiones en Alaska de UAMY a 93, cubriendo 14,880 acres. El área recientemente reclamada es históricamente rica en antimonio, junto con depósitos de oro, plata, cobre y zinc. La expansión tiene como objetivo asegurar fuentes de minerales críticos nacionales, lo que es especialmente importante dado el reciente prohibición de China sobre las exportaciones de antimonio. Como la única fundición de antimonio en América del Norte, UAMY busca integrarse completamente con fuentes de mineral en bruto, capacidades de flotación y operaciones de fundición.
United States Antimony (NYSE:UAMY)는 Tok 지역의 Stibnite Creek 근처에 3,840 에이커 규모의 24개의 새로운 광산 청구권을 확보하여 알래스카에서의 존재감을 확장했습니다. 이 추가로 UAMY의 총 알래스카 광산 청구권은 93개로 증가하며, 총 면적은 14,880 에이커입니다. 새롭게 청구한 지역은 역사적으로 안티모니 광물 자원이 풍부하며, 금, 은, 구리 및 아연의 매장물도 포함되어 있습니다. 이 확장은 최근 중국의 안티모니 수출 금지를 고려할 때, 국내에서의 중요한 광물 자원을 확보하는 것을 목표로 하고 있습니다. 북미 유일의 안티모니 제련소인 UAMY는 원석 공급원, 부유 분리 능력 및 제련 작업과의 완전한 통합을 목표로 합니다.
United States Antimony (NYSE:UAMY) a élargi sa présence minière en Alaska en revendiquant 24 nouvelles concessions totalisant 3 840 acres près de Stibnite Creek dans la région de Tok. Cette addition porte le total des concessions alaskiennes de UAMY à 93, couvrant 14 880 acres. La zone nouvellement revendiquée est historiquement riche en antimoine, ainsi qu'en dépôts d'or, d'argent, de cuivre et de zinc. L'expansion vise à sécuriser les sources nationales de minéraux critiques, ce qui est particulièrement significatif compte tenu de l'interdiction récente de la Chine sur les exportations d'antimoine. En tant que seule fonderie d'antimoine en Amérique du Nord, UAMY cherche à s'intégrer complètement avec des sources de minerai brut, des capacités de flottation et des opérations de fusion.
United States Antimony (NYSE:UAMY) hat seine Präsenz im Bergbau in Alaska erweitert, indem 24 neue Ansprüche auf insgesamt 3.840 Acres in der Nähe von Stibnite Creek in der Tok-Region angemeldet wurden. Diese Erweiterung bringt die Gesamtzahl der alaskischen Ansprüche von UAMY auf 93, die eine Fläche von 14.880 Acres abdecken. Das neu beanspruchte Gebiet ist historisch reich an Antimon sowie an Gold-, Silber-, Kupfer- und Zinkvorkommen. Die Expansion zielt darauf ab, nationale Quellen für kritische Mineralien zu sichern, was angesichts Chinas jüngstem Exportverbot für Antimon besonders bedeutend ist. Als einzige Antimonhütte Nordamerikas strebt UAMY eine vollständige Integration mit Rohstoffquellen, Aufbereitungsfähigkeiten und Schmelzoperationen an.
- Strategic acquisition of 3,840 acres of mineral-rich land in Alaska
- Expansion to 93 total claims covering 14,880 acres in Alaska
- Potential competitive advantage as North America's only antimony smelter amid China's export ban
- Diversified mineral potential including antimony, gold, silver, copper, and zinc
- None.
Insights
The acquisition of 24 new antimony claims in Alaska marks a significant strategic expansion for UAMY, increasing their total Alaskan holdings to 93 claims covering 14,880 acres. The Stibnite Creek location is particularly valuable due to its historical mineralization and proximity to infrastructure along the Alaska Highway. The timing is especially important given China's recent antimony export ban, positioning UAMY advantageously as North America's sole antimony smelter.
The property's diverse mineral profile, including gold, silver, copper and zinc, provides potential additional revenue streams beyond antimony. The strategic value lies in UAMY's potential transformation into a fully integrated operation - from mining to processing to smelting - which could significantly reduce dependency on foreign suppliers and strengthen domestic critical mineral supply chains.
This expansion represents a important step in securing domestic antimony supply, particularly vital for military and high-tech applications. The strategic importance of antimony has escalated following China's export restrictions, as it's essential for semiconductors, flame retardants and military applications. The Tok region's geological profile suggests promising mineralization patterns similar to productive antimony deposits globally.
The presence of multiple minerals in the claims, including stibnite, galena, tetrahedrite and sphalerite, indicates potential for diversified mineral extraction. This vertical integration strategy could position UAMY as a key player in the U.S. critical minerals supply chain, particularly important given current geopolitical tensions and increasing domestic demand for strategic materials.
"The Critical Minerals and ZEO Company"
THOMPSON FALLS, MT / ACCESSWIRE / November 6, 2024 / United States Antimony Corporation ("USAC", or the "Company"), (NYSE:UAMY), a leader in the processing of critical minerals, has announced today that it has successfully staked and recorded an additional 24 new claims totaling 3,840 acres (6 square miles) on Alaska State lands near Stibnite Creek, located in the Tok area of Alaska. This strategic move places UAMY in a known antimony-rich region along the Alaska Highway, approximately 200 miles southeast of Fairbanks. With this addition, the Company now controls a total of 93 claims totaling 14,880 acres in Alaska, most of which is either associated with antimony or other critical minerals.
The newly claimed area is rich in historical mineralization, including stibnite, an important source of antimony. In addition to antimony, the Tok region has been noted for deposits of gold, silver, copper, and zinc. Historical exploration in the region also uncovered smaller veins containing galena, tetrahedrite, sphalerite, and magnetite, further highlighting the geological significance of the area. This expansion is part of UAMY's ongoing efforts to secure and develop its own domestic sources of critical minerals essential for military, aerospace, quantum computing, and energy storage applications. Successful exploration of these claims would allow UAMY to become a fully integrated company with raw ore source rock, flotation capabilities, and the only U.S. smelter.
As the only antimony smelter in North America and amidst China's recent announcement banning all antimony international exports, UAMY's expansion into the Tok region further strengthens the company's strategic position as an integrated antimony supplier in an effort to support U.S. initiatives for securing critical minerals.
For more information, visit https://www.usantimony.com.
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.
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FAQ
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What minerals are present in UAMY's new Stibnite Creek claims?
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