United States Antimony Corporation (NYSE: UAMY) has delivered an update of its operations.
Company appoints new additional director
The company has appointed Christopher Park as an additional director operative on June 23, 2021. Mr. Park is a Chartered Professional Accountant (CPA, CGA) with numerous years of managerial, financial administration experience within the excavating industry, including monetary reporting, internal controls, assessment, and capital management with businesses ranging from proletarian survey to mine growth to production. He has held several spots with mining companies which include Corporate Controller and Chief Financial Officer Loci. Most lately, he was Chief Financial Officer of Northern Vertex Mining Corp. during the period the company built the Moss Mine and transitioned to profitable creation.
Ambri: The first antimony metallic example made from Canadian raw resources arrived at Ambri at the end of January 2021. This example passed an early examination and was then used in electrode manufacture. Several months later, Ambri ordered additional examples from both the Canadian and Mexican raw resources. Founded on the optimistic consequences of the examinations with the earlier examples, Ambri placed a procurement order for a considerably more significant amount of antimony for usage in regular cell builds, which was dispatched in June.
Madero: The company has bought 250 tons of antimony from its Mexican bases since resuming the smelter in Q1 of this year. It has transported two trucks of crude oxide to its plant in Montana. Due to labor scarcities in the US, the company concentrates on creating completed oxide and metal from its smelter in Madero. Substructure updates as well as alteration of furnacing actions intended to decrease costs are ongoing.
Laboratory example from Perpetua Resources is received and examined
A research laboratory example from Perpetua Resources was accepted and examined. Initial suggestions are that the sulfide concentrate created by Perpetua would perhaps not be possible as a basis of antimony trisulfide but would be perfect feedstock for treating into antimony metallic and oxide at the business’s smelter in Mexico.