Message #5 From:
NewsBot Date: August 22, 2005 01:00:00 AM
UAMY News U. S. Antimony Announces Mexican Corporation to Explore and Develop Antimony/Silver Deposits
THOMPSON FALLS, Mont.--(BUSINESS WIRE)--Aug. 22, 2005--United States Antimony Corporation (USAC) (OTCBB:UAMY) announced that it formed a new company, Antimonio de Mexico, S.A. de C. V. and is a 50% owner of that company. The new company will explore and possibly develop antimony and silver mine concessions in the State of Queretaro, Mexico.
More than 90% of the world production of antimony is from China. World demand for the product is increasing, and the Chinese production has been falling. The Chinese have approached USAC to purchase antimony products. Antimony prices have risen 33% over the last year.
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.
