United States Antimony Corp (UAMY)

[Luke_McCain]

PR: Antimony prices up 15%, large Zeolite order

Highlights:

USAC reported that the Rotterdam price for antimony metal has increased from $2.449 per pound on April 1 to $2.834 on April 25, a 15.7% increase. The Rotterdam pricing is fundamental to Europe where inventories are low. The increase in prices will begin to impact USAC sales by the end of May.

BRZ, a wholly owned subsidiary of USAC, has received a new order for 1,400 tons of zeolite for the mining industry. The shipment of this order could be as fast as 160 tons per week.

CEO John Lawrence said “the increase in the price of antimony is what we have been waiting for and the processing of the Mexican ore inventory will supplement income to fund the Los Juarez leach plant. Additionally, new applications of zeolite remain exciting.”

United States Antimony Corporation (“USAC”, NYSE MKT “UAMY”) reported the following sales for April:

Product April 2016
Antimony pounds 221,145
BRZ zeolite tons 1,253
Gold from Australia ounces 60.109

http://ih.advfn.com/p.php?pid=nmona&article=71317868&symbol=UAMY