Business
United States Antimony Corporation Announces Expansion Plans at its active Antimony Smelter located in Thompson Falls, Montana
"The Critical Minerals and ZEO Company" DALLAS, TX / ACCESS Newswire / April 30, 2025 / United States Antimony Corporation ("USAC," "U.S. Antimony," or the "Company"), (NYSE:UAMY), announced today the completion of a lengthy review of its expansion ...
About this update from United States Antimony Corporation
[{"type":"text","content":""The Critical Minerals and ZEO Company"","length":49,"tagName":"p"},{"type":"text","content":"DALLAS, TX / ACCESS Newswire / April 30, 2025 / United States Antimony Corporation ("USAC," "U.S. Antimony," or the "Company"), (NYSE:UAMY), announced today the completion of a lengthy review of its expansion plans at the only operating antimony smelter in the United States. The Company has executed definitive contract(s) with WSP USA Inc. ("WSP") to complete engineering and construction services that would significantly expand its smelting operations located in Thompson Falls, MT. This new working relationship for these services is complimentary to USAC's existing internal antimony processing knowledge and experience. Combined with WSP's overall metals processing and environmental experience, the company has put together a first-rate team. The total capital expenditure budget is estimated to be less than $15 Million which would expand the capacity of Thompson Falls to over 300 standard tons per month of production output (six times the current production capacity), and all completed before the end of calendar year 2025. At the same time, existing smelting operations will not be impeded. We believe the aggressive schedule is both achievable and greatly needed for the security of our country's supply chain.","length":1277,"tagName":"p"},{"type":"text","content":"Commenting on the Thompson Falls antimony smelting expansion efforts announced today, Mr. Gary C. Evans, Chairman & CEO of US Antimony stated, "Over the last few months, management has been looking tirelessly at all options available to it regarding how to expand this facility with the understanding that we have a limited footprint on the property we own. Additionally, due to the limitations caused by difficult terrain around the perimeter of the property, our growth plans are constrained. We entertained conversations and bids from a number of different engineering and general contracting firms experienced in our business. We chose WSP due to their size, their significant local presence in the State of Montana, and their broad capability to handle all required parts of our expansion plans. Combined with the start-up of our Madero Smelter located in Mexico over a week ago, and this expanded thru-put capacity an...