American Marconi Wireless News - United States Antimony Corporation Announces Further Expansion of its Alaskan Antimony Mineral Land Position

DALLAS, TX / ACCESS Newswire / April 7, 2025 / United States Antimony Corporation ("USAC," or the "Company"), (NYSE:UAMY), the only vertically integrated antimony producer in North America, announced today the continued expansion of the Company's Alaskan Antimony mineral land position. This is a result of the execution of a new lease/option purchase agreement and an additional staking program. This agreement was completed with an experienced prospector from the Wasilla, Alaska area for lands adjacent to, and in some cases contiguous with existing USAC leased and staked claims in the Fairbanks area as well as the Maclaren River area. The staking program of 18 claims was initiated to cover isolated areas of open ground in the Fairbanks area that were contiguous with the previously leased lands.

The company's land holdings in the Fairbanks area, highly prospective for both antimony and gold, now total 144 claims covering approximately 8,998 acres. This land package will be the initial primary focus of the company's high-grade stibnite exploration and mining operation expected to kick off in early May, weather permitting, under the direction of the company's Vice President - Mining Division, Rodney Blakestad. Rod is a graduate of the University of Alaska, Fairbanks. He has over 20 years of field experience in Alaska and he will be relocating his homestead to the Fairbanks area within the month.

Exploration programs at the company's Stibnite Creek and the Maclaren River claims in the south flank of the Alaska Range, are also in the planning stage and are to be conducted during the 2025 summer season.

The Company continues on its business plan to begin test shipments of raw antimony material for delivery to its processing facilities located in Montana during the third quarter of this year. Management continues to be impressed by the high quality of the antimony deposits seen thus far in our Alaska Properties.

About USAC:

United States Antimony Corporation and its subsidiaries in the U.S., Mexico, and Canada ("USAC," the "Company," "Our," "Us," or "We") sell antimony, zeolite, and precious metals primarily in the U.S. and Canada. The Company processes third party ore primarily into antimony oxide, antimony metal, antimony trisulfide, and precious metals at its facilities located in Montana and Mexico. Antimony oxide is used to form a flame-retardant system for plastics, rubber, fiberglass, textile goods, paints, coatings, and paper, as a color fastener in paint, and as a phosphorescent agent in fluorescent light bulbs. Antimony metal is used in bearings, storage batteries, and ordnance. Antimony trisulfide is used as a primer in ammunition. The Company also recovers precious metals, primarily gold and silver, at its Montana facility from third party ore. At its ZEO facility located in Idaho, the Company mines and processes zeolite, a group of industrial minerals used in water filtration, sewage treatment, nuclear waste and other environmental cleanup, odor control, gas separation, animal nutrition, soil amendment and fertilizer, and other miscellaneous applications. The Company acquired mining claims and leases located in Alaska and Ontario, Canada and leased a metals concentration facility in Montana in 2024 that could expand its operations as well as its product offerings.

Forward-Looking Statements:

Readers should note that, in addition to the historical information contained herein, this press release may contain forward-looking statements within the meaning of, and intended to be covered by, the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon current expectations and beliefs concerning future developments and their potential effects on the Company including matters related to the Company's operations, pending contracts and future revenues, financial performance and profitability, ability to execute on its increased production and installation schedules for planned capital expenditures, and the size of forecasted deposits. 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-K and Form 10-Q with the Securities and Exchange Commission.

Forward-looking statements are typically identified by words such as "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "pro forma," and other similar words and expressions. Forward- looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made. Because forward-looking statements are subject to assumptions and uncertainties, actual results or future events could differ, possibly materially, from those anticipated in the forward-looking statements and future results could differ materially from historical performance.

Contact:

United States Antimony Corp.
4438 W. Lover's Lane, Unit 100
Dallas, TX 75209
Jonathan Miller, VP, Investor Relations
E-Mail: [email protected]
Phone: 406-606-4117

SOURCE: United States Antimony Corp.

View the original press release on ACCESS Newswire

P.Stevenson--AMWN