Message #8 From:
NewsBot Date: December 5, 2005 02:00:00 AM
UAMY News U. S. Antimony Announces Signing of Supply Agreement for Concrete Industry
THOMPSON FALLS, Mont.--(BUSINESS WIRE)--Dec. 5, 2005--United States Antimony (OTCBB:UAMY) announced that Bear River Zeolite Co., Inc has signed a Supply Agreement to provide a minimum of 3,000 tons of zeolite per month as a replacement for Portland cement for the concrete industry. Plans include the engineering and construction of a grinding circuit to produce 300 to 500 tons per day of product at Preston, Idaho. Funding of more than $1,000,000 will be provided by the purchaser of the product. Production is anticipated by the spring of 2006.
The use of zeolite as a replacement for cement has been known since the time of the ancient Romans. Besides increasing the strength of concrete made with Portland cement, zeolite has many other advantages. At the current time, there is a significant shortage of Portland cement in the United States. Prices have increased sharply, and many contractors are unable to work full weeks due to this shortage. The industry is importing clinker, the fundamental constituent of Portland cement, to alleviate the problem.
The Company added that zeolite sales for 2005 will be a new record.
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.
