United States Antimony Corporation (“USAC”, OTCBB “uamy.ob”) reported the receipt of a significant multi-year purchase order for antimony oxide from a global manufacturer of electrical supplies. USAC intends to fill the order from its new Corral Blanco flotation mill in Guanajuato, Mexico. The mill will be ready for start up testing by the end of June 2011. The mill will service the USAC Los Juarez properties and other third party properties in Mexico. Concentrates from the mill will be further processed at the USAC smelters in Coahuila, Mexico and Thompson Falls, Montana.
John Lawrence, CEO, commented, “Due to our potential as a fully integrated supplier of antimony, we have entered into discussions with other domestic and international users of our antimony products that wish to diversify their sources of antimony supply.”
USAC produces antimony oxide that is used primarily as a flame retardant in plastics, and antimony metal used as a hardener in lead alloys such as storage batteries, ordnance, and bearings. China controls 92% of the world supply.
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.