United States Antimony Corporation (“USAC”) (OTCBB:UAMY) announced a delay in the start-up of its newly constructed antimony mill in Queretaro, Mexico, due to the selection of the area as a UNESCO “World Heritage Site”. The Governor of Queretaro has offered his full support in relocating the mill to a site closer to both the Soyatal and Los Juarez antimony properties.
John Lawrence, CEO of USAC, commented, “Despite the delay, the new site’s lower transportation costs will expand USAC’s gross margins significantly.” He also said, “USAC’s unaudited Q3 revenue for both the Antimony and BRZ Zeolite Divisions set all-time record highs. BRZ sold 2,138 tons (1940 metric tons) of zeolite to the West Valley Demonstration Project near Buffalo, New York (
) under the direction of the Department of Energy for the remediation of radioactive strontium 90 in the groundwater. Antimony prices continue to set all-time record highs as the market contends with potential restrictions on Chinese supplies.
Forward Looking Statements:
This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events, including matters related to the Company's operations, pending contracts and future revenues. 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-KSB with the Securities and Exchange Commission.