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U.S. Antimony Reports Record Sales and Pre-Tax Income

THOMPSON FALLS, Mont., Mar 15, 2012 (BUSINESS WIRE) —
United States Antimony Corporation (“USAC”, OTCBB “uamy.ob”) reported
record sales of $13,118,090 for 2011 up 45{982ecbb84816c6d9f589e8211ea46f8047ba0a57e5c66df0879b0b268bf06ad5} over $9,073,324 of 2010.
Pre-tax income for 2011 was $742,530 up 138{982ecbb84816c6d9f589e8211ea46f8047ba0a57e5c66df0879b0b268bf06ad5} from $312,213 recorded in
2010.



                              REVENUES
        ----------------------------------------
                        2011            2010           {982ecbb84816c6d9f589e8211ea46f8047ba0a57e5c66df0879b0b268bf06ad5}
                        --------------  -------------  ------
        Antimony         $ 10,406,636    $ 6,174,062   +68 {982ecbb84816c6d9f589e8211ea46f8047ba0a57e5c66df0879b0b268bf06ad5}
        -------------   -- ----------   -- ---------   --- -
        Silver  gold    $    667,813    $   420,253   +59 {982ecbb84816c6d9f589e8211ea46f8047ba0a57e5c66df0879b0b268bf06ad5}
        -------------   -- ----------   -- ---------   --- -
        Zeolite          $  2,043,641    $ 2,415,965   -15 {982ecbb84816c6d9f589e8211ea46f8047ba0a57e5c66df0879b0b268bf06ad5}
        -------------   -- ----------   -- ---------   --- -
        Total            $ 13,118,090    $ 9,073,324   +45 {982ecbb84816c6d9f589e8211ea46f8047ba0a57e5c66df0879b0b268bf06ad5}
        -------------   -- ----------   -- ---------   --- -
        




                            GROSS PROFIT
        ----------------------------------------
                        2011           2010           {982ecbb84816c6d9f589e8211ea46f8047ba0a57e5c66df0879b0b268bf06ad5}
                        -------------  -------------  -------
        Antimony         $   888,200    $   420,253   +111 {982ecbb84816c6d9f589e8211ea46f8047ba0a57e5c66df0879b0b268bf06ad5}
        -------------   -- ---------   -- ---------   ---- -
        Silver  gold    $   667,813    $   483,307    +38 {982ecbb84816c6d9f589e8211ea46f8047ba0a57e5c66df0879b0b268bf06ad5}
        -------------   -- ---------   -- ---------   ---- -
        Zeolite          $   111,857    $   470,172    -76 {982ecbb84816c6d9f589e8211ea46f8047ba0a57e5c66df0879b0b268bf06ad5}
        -------------   -- ---------   -- ---------   ---- -
        Total            $ 1,674,196    $ 1,373,732    +22 {982ecbb84816c6d9f589e8211ea46f8047ba0a57e5c66df0879b0b268bf06ad5}
        -------------   -- ---------   -- ---------   ---- -
        


Profitability of antimony was strong despite large expansion expenses at
the Madero smelter and completion of the Puerto Blanco mill and
preparation work at the Los Juarez properties. Zeolite sales and
profitability were lower in 2011 due to absence of large sales to the
U.S. Department of Energy to remediate a radioactive leak at a plant
near Buffalo, New York.

A multi-step program is underway at the Los Juarez silver-gold-antimony
jasperoid deposit. First, a comprehensive mapping and sampling program
has started that has indicated a strike length on the order of 4,000
meters with widths of 100 to 500 meters. The mineralization appears to
be disseminated and bulk-mineable.

Second, 2003 tons of older dump material from the Minas Grande open pit
were hauled to the mill to determine dump grades, methods, costs, and
distribution of mineralization. With a depth of 30 meters, Minas Grande
assayed approximately 1.7{982ecbb84816c6d9f589e8211ea46f8047ba0a57e5c66df0879b0b268bf06ad5} antimony, 0.016 ounces of gold and 9.6 ounces
of silver per metric ton.

Third, five faces have been prepared for mining to determine a mine
grade and have been assayed as follows:



        
        Mine Face        Antimony {982ecbb84816c6d9f589e8211ea46f8047ba0a57e5c66df0879b0b268bf06ad5}   Gold oz/metric ton   Silver oz/metric ton
        --------------   ----------   ------------------   --------------------
        Minas Grande 1         2.83                0.031                    6.3
        --------------   ----------   ------------------   --------------------
        Minas Grande 2         2.71                0.013                   9.57
        --------------   ----------   ------------------   --------------------
        Reynaldo               2.09                0.019                  10.26
        --------------   ----------   ------------------   --------------------
        Heriberto              0.79                0.051                   4.24
        --------------   ----------   ------------------   --------------------
        Veronica               1.16                0.253                   8.22
        --------------   ----------   ------------------   --------------------
        


Fourth, milling will begin on the Los Juarez mined material to determine
more accurately the mined grade from crushed rock; the recovery of
antimony, silver, and gold; milling costs; concentrate grades; and mill
production rates.

Fifth, smelting of the concentrates will confirm recoveries of antimony,
costs, separation of silver and gold, and determination and handling of
impurities.

Sixth, then a drill program will be initiated from cash flow to confirm
continuity, grades, and tonnages. John Lawrence, CEO, cautioned that,
“The apparent size of the deposit would require a very robust budget to
drill it out completely so that, at the present time, the drill program
would be contained within operating revenues to prevent shareholder
dilution.”

Lawrence announced that Whitney Ferer of Aaron Ferer Sons Co. has
joined the USAC Board of Directors. The 126-year old Company is family
owned and headquartered in Omaha, Nebraska. Whitney is currently Vice
President of Trading and Operations and Vice Chairman of the Board. The
Company is a major trader of antimony oxide and metal as well as other
ferrous and non-ferrous metals world-wide. Whitney was instrumental in
opening 8 other offices in the Far East and China.

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.

SOURCE: United States Antimony Corporation



        
        United States Antimony Corporation 
        John Lawrence, 406-827-3523
        


Copyright Business Wire 2012

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