United States Antimony Corporation (“USAC”, OTCBB “uamy.ob”) reported all-time record revenues for the third consecutive quarter and, despite heavy start-up expenses in Mexico, maintained profitability. Second quarter revenues for 2011 were $3,050,002 and net income was $86,428 compared to revenues of $2,090,173 for 2010 and net income of $204,587. John Lawrence, CEO, commented, “While we are pleased to report another quarter of record revenues, there are several developments that could significantly enhance the Company’s revenue and profitability:
|1.||USAC’s antimony smelter at Madero, Coahuila, Mexico has been base-loaded with feed and is operating 24/7. Feed containing antimony and significant amounts of precious metals valued at more than $2,500,000 is being processed.|
|2.||The Corral Blanco antimony flotation mill in Guanajuato is now in the shake down phase. The 150 ton per day mill is designed to produce a high-grade concentrate from USAC’s Los Juarez antimony/silver/gold property and other local properties that reached significant levels of production during World War II. The nearby Soyatal property has already delivered mineralized rock and trucking has commenced from Los Juarez. USAC has also acquired a 500 ton per day antimony flotation mill for expanded production.|
|3.||Recently obtained rock chip samples from the surface of the Los Juarez property located in Mexico’s “silver belt”, indicate the possibility of a jasperoid-type, bulk-mineable, precious metals and antimony property. Additional mapping, sampling, and drilling are underway to confirm this geological interpretation. Presently, the Company claims no reserves.”|
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.