Message #11 From:
NewsBot Date: August 7, 2006 05:00:00 AM
UAMY News U.S. Antimony Announces Completion of Mexican Antimony Smelter
THOMPSON FALLS, Mont.--(BUSINESS WIRE)--Aug. 7, 2006--United States Antimony Corporation (OTCBB:UAMY) announced that USAMSA (a wholly owned subsidiary of United States Antimony Corp, "USAC") has essentially completed the construction of its antimony smelting facility in Coahuila, Mexico. The plant was designed to process antimony ores and concentrates and produce antimony metal and oxide with silver and gold byproducts. The plant will treat antimony and silver concentrates from a property controlled by Antimonio de Mexico S. A. de C. V. (a wholly owned subsidiary of USAC) in the state of Queretaro, Mexico. However, other smelter feed is being negotiated from Peru, Honduras, Mexico, Europe, Canada, and the United States.
Funding for the plant has been obtained in part by USAC processing a legacy slag pile at Thompson Falls, Montana as well as equity sources.
The Company plans to play a strategic role in the supply of antimony to the United States where it is the only significant domestic producer.
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.
