This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

U. S. Antimony Reports Corral Blanco Mill Progress

United States Antimony Corporation (“USAC”, OTCBB “uamy.ob”) reported that the Company has entered into a Purchase Agreement on the “Corral Blanco” mill site in the State of Guanajuato, Mexico. The mill site includes approximately 100 acres of level ground, a large volume water well, a sandstone quarry that will be used for holding tailings, houses, warehouses, electricity, and it is completely fenced. The site is convenient to the Company’s two deposits in Queretaro and to a major highway and railroad for receiving rock from other deposits.

Construction has begun and includes the preparation of the tailings pond, foundation engineering, preparation of the mill site for pouring concrete foundations, and the moving in of equipment. The mill will have a rated capacity of 150 metric tons per 24 hours with room for expansion. The mill is expected to add materially to USAC’s supply of raw materials. The mill should be ready for shakedown by June 2011. The first antimony-mineralized rock is in route from the Soyatal Mining District. Several thousand tons are also ready from the Company’s antimony-silver deposit. The Los Juarez deposit will be mined by open pit methods using pneumatic jackleg drills and an excavator. A powder magazine has been constructed, and major mining will commence during May 2011.

USAC remains in a sold out condition and is scrambling to bring the mill on stream to provide more raw material on an integrated basis. The Company’s smelter at Madero, Coahuila has now been fully licensed for four furnaces with room for expansion.

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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.19 -1.04%
FB $118.06 0.54%
GOOG $695.70 0.48%
TSLA $222.56 -4.20%
YHOO $36.00 -0.03%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs