United States Antimony Corporation Provides Operational Update on Madero, Mexico Smelter
United States Antimony (NYSE:UAMY) has provided an operational update on its 100% owned Madero Smelter in Coahuila, Mexico. A five-member management team conducted an operational review to assess improvements needed to restart operations. The facility aims to process approximately 100 tons of antimony ore per month, with the first international supply expected to arrive in March 2025.
The smelter houses 17 furnaces (3 large, 14 small), with plans to repair and refurbish at least six furnaces over the next 30 days. The capital expenditure program, estimated at less than $1 Million, includes improvements to air compressors, construction of air control plenum systems, and furnace tilting. These upgrades aim to streamline operations and reduce human interaction.
According to John C. Gustavsen, President of the Antimony Division, the company has rehired important field personnel and notes that worldwide antimony prices have reached all-time highs, exceeding $20.00 per pound.
United States Antimony (NYSE:UAMY) ha fornito un aggiornamento operativo sul suo impianto di fusione Madero, di proprietà al 100%, situato a Coahuila, Messico. Un team di gestione composto da cinque membri ha condotto una revisione operativa per valutare i miglioramenti necessari per riavviare le operazioni. L'impianto mira a trattare circa 100 tonnellate di minerale di antimonio al mese, con la prima fornitura internazionale prevista per marzo 2025.
L'impianto di fusione dispone di 17 forni (3 grandi, 14 piccoli), con piani di riparazione e ristrutturazione di almeno sei forni nei prossimi 30 giorni. Il programma di spesa in conto capitale, stimato in meno di 1 milione di dollari, include miglioramenti ai compressori d'aria, costruzione di sistemi di controllo dell'aria e inclinazione dei forni. Questi aggiornamenti mirano a ottimizzare le operazioni e ridurre l'interazione umana.
Secondo John C. Gustavsen, Presidente della Divisione Antimonio, l'azienda ha riassunto importanti personale di campo e fa notare che i prezzi dell'antimonio in tutto il mondo hanno raggiunto massimi storici, superando i 20,00 dollari per libbra.
United States Antimony (NYSE:UAMY) ha proporcionado una actualización operativa sobre su fundición Madero, de propiedad al 100%, ubicada en Coahuila, México. Un equipo de gestión de cinco miembros llevó a cabo una revisión operativa para evaluar las mejoras necesarias para reiniciar las operaciones. La instalación tiene como objetivo procesar aproximadamente 100 toneladas de mineral de antimonio al mes, con el primer suministro internacional esperado para marzo de 2025.
La fundición cuenta con 17 hornos (3 grandes, 14 pequeños), con planes de reparar y renovar al menos seis hornos durante los próximos 30 días. El programa de gasto de capital, estimado en menos de 1 millón de dólares, incluye mejoras en compresores de aire, construcción de sistemas de plenum de control de aire e inclinación de hornos. Estas mejoras tienen como objetivo optimizar las operaciones y reducir la interacción humana.
Según John C. Gustavsen, presidente de la División de Antimonio, la empresa ha vuelto a contratar personal importante de campo y señala que los precios del antimonio en todo el mundo han alcanzado máximos históricos, superando los 20.00 dólares por libra.
United States Antimony (NYSE:UAMY)는 멕시코 코아우일라에 위치한 100% 소유의 마데로 제련소에 대한 운영 업데이트를 제공했습니다. 5명의 경영진 팀이 운영 검토를 실시하여 운영 재개에 필요한 개선 사항을 평가했습니다. 이 시설은 약 매달 100톤의 안티모니 광석을 처리하는 것을 목표로 하며, 첫 번째 국제 공급은 2025년 3월에 도착할 것으로 예상됩니다.
제련소에는 17개의 용광로(3개의 대형, 14개의 소형)가 있으며, 향후 30일 이내에 최소 6개의 용광로를 수리 및 보수할 계획입니다. 100만 달러 이하로 추정되는 자본 지출 프로그램에는 에어 컴프레서 개선, 공기 조절 플레넘 시스템 건설 및 용광로 기울이기가 포함됩니다. 이러한 업그레이드는 운영을 간소화하고 인력 간의 상호작용을 줄이는 것을 목표로 합니다.
안티모니 부문의 사장인 John C. Gustavsen에 따르면, 회사는 중요한 현장 인력을 재채용했으며, 전 세계 안티모니 가격이 사상 최고치를 기록하며 파운드당 20.00달러를 초과했다고 언급했습니다.
United States Antimony (NYSE:UAMY) a fourni une mise à jour opérationnelle sur sa fonderie Madero, détenue à 100 %, située à Coahuila, au Mexique. Une équipe de direction de cinq membres a réalisé un examen opérationnel pour évaluer les améliorations nécessaires pour redémarrer les opérations. L'installation vise à traiter environ 100 tonnes de minerai d'antimoine par mois, avec la première livraison internationale prévue en mars 2025.
La fonderie compte 17 fours (3 grands, 14 petits), avec des plans de réparation et de rénovation d'au moins six fours au cours des 30 prochains jours. Le programme d'investissement, estimé à moins d'un million de dollars, comprend des améliorations des compresseurs d'air, la construction de systèmes de plénum de contrôle de l'air et l'inclinaison des fours. Ces mises à niveau visent à rationaliser les opérations et à réduire l'interaction humaine.
Selon John C. Gustavsen, président de la division Antimoine, l'entreprise a réembauché du personnel clé sur le terrain et note que les prix mondiaux de l'antimoine ont atteint des sommets historiques, dépassant 20,00 dollars la livre.
United States Antimony (NYSE:UAMY) hat ein operatives Update zu seinem zu 100 % im Besitz befindlichen Madero-Hüttenwerk in Coahuila, Mexiko, bereitgestellt. Ein fünfköpfiges Management-Team führte eine operative Überprüfung durch, um Verbesserungen zu bewerten, die erforderlich sind, um den Betrieb wieder aufzunehmen. Die Anlage zielt darauf ab, etwa 100 Tonnen Antimonerz pro Monat zu verarbeiten, wobei die erste internationale Lieferung voraussichtlich im März 2025 eintreffen wird.
Das Hüttenwerk verfügt über 17 Öfen (3 große, 14 kleine), mit Plans, innerhalb der nächsten 30 Tage mindestens sechs Öfen zu reparieren und zu renovieren. Das investitionsprogramm wird auf weniger als 1 Million USD geschätzt und umfasst Verbesserungen an Luftkompressoren, den Bau von Luftregelsystemen und das Neigen der Öfen. Diese Verbesserungen sollen die Abläufe optimieren und die menschliche Interaktion reduzieren.
John C. Gustavsen, Präsident der Abteilung Antimon, erklärte, dass das Unternehmen wichtige Mitarbeiter aus dem Feld wieder eingestellt hat und dass die Weltmarktpreise für Antimon historische Höchststände von über 20,00 USD pro Pfund erreicht haben.
- First international antimony ore shipment secured, arriving March 2025
- Facility capable of processing 100 tons of antimony ore monthly
- Current antimony prices exceeding $20.00 per pound, reaching all-time highs
- Capital expenditure for upgrades less than $1 Million
- Facility requires significant repairs and refurbishment before full operation
- Only 6 out of 17 furnaces planned for initial refurbishment
- 30-day delay before processing operations can begin
Insights
UAMY's operational update marks a pivotal moment in the company's strategic repositioning within the critical minerals sector. The planned revival of the Madero Smelter comes at an exceptionally favorable time, with antimony prices surging to historic highs above
The facility modernization program, budgeted at under
The strategic timing of international ore shipments scheduled for March 2025 aligns well with the facility upgrade timeline, minimizing potential revenue delays. However, investors should note potential execution risks, including possible construction delays, regulatory compliance requirements and the need to efficiently integrate new automated systems with existing operations.
From a market perspective, UAMY's enhanced processing capabilities could strengthen its position in the domestic antimony supply chain, particularly important given antimony's classification as a critical mineral and its importance in various industrial applications, including flame retardants, batteries and defense applications. This positions UAMY to potentially capture a larger share of the U.S. market, which currently heavily depends on imports.
The technical specifications of UAMY's Madero Smelter renovation reveal a well-structured modernization approach. The selective refurbishment strategy, focusing on six furnaces initially, allows for a phased implementation while managing capital expenditure efficiently. The installation of air control plenum systems (tin huts) over furnaces represents a important upgrade that should improve both operational efficiency and environmental compliance.
The emphasis on reducing human interaction through mechanical improvements is particularly noteworthy. This automation initiative should lead to several operational benefits:
- Improved consistency in processing quality
- Enhanced worker safety through reduced direct exposure
- Higher throughput potential
- Lower operational costs per ton processed
The 30-day timeline for furnace repairs appears aggressive but achievable, given the company has already identified qualified contractors and begun rehiring key personnel. The phased approach of starting with 100 tons monthly processing capacity provides a reasonable ramp-up period to optimize operations before expanding throughput. The facility's total furnace count of 17 offers significant expansion potential once initial operations prove successful.
"The Critical Minerals and ZEO Company"
DALLAS, TX / ACCESS Newswire / January 22, 2025 / United States Antimony Corporation ("USAC," or the "Company"), (NYSE:UAMY) is providing an operational update today on its Madero, Mexico Smelter.
Last week, a management team comprised of five members of the company, traveled to our
There currently exists a total of 17 furnaces at this facility, three large and 14 small furnaces. After meeting with several different qualified Mexican contractors this past week, repairs and refurbishment of at least six of these furnaces will be made over the next 30 days. Additional replacement and repairs include air compressors, construction of air control plenum systems (tin huts over furnaces), tilting of certain furnaces, etc.
While the Madero Smelter is currently operational, part of this capital expenditure program, estimated to be less than
Commenting on this update, Mr. John C. Gustavsen, President of the Antimony Division of the Company, stated, "We have a great seasoned working team assembled who are excited to complete the refurbishing of the Madero Smelter. We have already rehired field personnel who are crucial in achieving our work program objectives. We anticipate being fully prepared when our first international shipments begin arriving in early March. Worldwide antimony prices continue to reach all-time highs with current prices exceeding
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 540308
Dallas, TX 75354
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 ACCESS Newswire
FAQ
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