United States Antimony Corporation · NYSE:UAMY
United States Antimony — Investor Presentation (April 2014)
47 slides from United States Antimony's investor presentation, April 2014
Slide 1: U.S. Antimony Corporation (USAC)
U.S. ANTIMONY CORPORATION (USAC) 2014 April, 2014 1
Slide 2: Agenda
AGENDA USAC CORPORATE OVERVIEW FINANCIAL UPDAT UASC HIGHLIGHTS USAC ANTIMONY PRODUCTION FACILITIES BEAR RIVER ZEOLITE USAC MANAGEMENT TEAM 2
Slide 3: USAC Corporate Overview
USAC CORPORATE OVERVIEW NYSE: UAMY • USAC is a rapidly growing natural resource company that is increasing its raw material supply of antimony from properties in Mexico and third parties around the world. • USAC has produced various antimony products since 1969 and is a fully integrated mining, tran
Slide 4: Corporate Offices and Plant, Thompson Falls, Montana
Corporate Offices and Plant, Thompson Falls, Montana 4
Slide 5: Operations include smelter and precious metal refinery in Montana
• Operations include a smelter and a precious metal refinery in Montana, and a smelter and three mills in Mexico. • A larger 500 ton mill is being installed in Mexico. • Five Mexican properties supply direct shipping ore (DSO) or mill feed for the Mexican smelter. • The Los Juarez property is starti
Slide 6: USAC Corporate Highlights
USAC CORPORATE HIGHLIGHTS • USAC has connected a natural gas pipeline to its Mexican smelter at Madero that will cut fuel costs by up to 75%. Fuel is the largest cost of the smelter. • USAC is producing from the Wadley Mine in the State of San Luis Potosi, Mexico. The mine is historically the larges
Slide 7: Production Sources of Antimony
1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 oF PRODUCTION SOURCES OF ANTIMONY = Thompson Falls Smelter Pounds of Antimony Contained ™ Madero Smelter Pounds of Antimony Contained & Total Pounds of Antimony
Slide 8: Gross Annual Revenues
$14,000,000.00 USAC GROSS ANNUAL REVENUES $12,000,000.00 $13,118,090 $10,000,000.00 $8,000,000.00 $11,920,829 $6,000,000.00 $4,000,000.00 $2,000,000.00 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 $18,000 628,000 ANTIMONY METAL $14,000 AVERAGE SALES PRICE $12,000 PER METRIC TON $10,000 $8,000 $
Slide 9: Mexico Mining Operations
MEXICO MINING OPERATIONS Ciudad Juarez UNITED STATES “ey Acapulco
Slide 10: Los Juarez Property, Queretaro, Mexico
1. LOS JUAREZ PROPERTY, QUERETARO, MEXICO • At the Los Juarez property USAC relied on a Mexican Government publication, Consejo de Recursos Minerales, Monografia Geologico-Minera del Estado de Querearo, pages 74-75. The paper reported a reserve of 1,000,000 metric tons containing 253 grams per ton s
Slide 11: Mine face, Los Juarez property
Mine face, Los Juarez property, Queretaro, Mexico 11
Slide 12: Breaking oversized Los Juarez ore
Breaking oversized Los Juarez ore 12
Slide 13: Wadley, San Luis Potosi, Mexico
2. WADLEY, SAN LUIS POTOSI, MEXICO • According to the U. S. Geological Survey, by 1943 the “San Jose Wadley mines have produced more antimony than any other district in Mexico, and they have been surpassed in production by only one or two other deposits in the world.” By 1943, the recorded productio
Slide 14: Buscones Wadley, SLP, Mexico
Buscones Wadley, SLP, Mexico 14
Slide 15: Wadley bin from aerial tramway
Wadley bin from aerial tramway 15
Slide 16: Soyatal District, Queretaro, Mexico
3. SOYATAL DISTRICT, QUERETARO, MEXICO • USAC is sourcing 5-6% antimony mill feed and DSO for Madero from the Soyatal District in the State of Queretaro, Mexico. • The deposit was the third largest antimony producer in Mexico. Donald E. White (U. S. Geological Survey Bulletin 960-B, Antimony Deposit
Slide 17: Soyatal DSO ore
Soyatal DSO ore 17
Slide 18: Sierra Guadalupe, Zacatecas, Mexico
4. SIERRA GUADALUPE, ZACETECAS, MEXICO • In the late 1980’s USAC mined a property known as “Sierra Guadalupe” in the State of Zacetecas. • Currently, the property is being mined by a third party who delivered 2.5 to 4% antimony mill feed from dumps at a rate of up to 1,000 tons per month. • They are
Slide 19: Aerial view of Santa Monica dumps, Sierra Guadalupe
Aerial view of Santa Monica dumps, Sierra Guadalupe 19
Slide 20: Guadalupana, Queretaro, Mexico
5. GUADALUPANA, QUERETARO, MEXICO • This property was originally mined by Compania Minera Y Refinadora Mexicana, S. A. Estacion Wadley, and SLP during World War II and thereafter. It consists of 3 underground levels with extensive drifts, stopes, cross-cuts, and raises. • Currently, the mine is oper
Slide 21: Guadalupana, QRO, Mexico Crew
Guadalupana, QRO, Mexico Crew 21
Slide 22: Puerto Blanco Flotation/Gravity Mill, Guanajuato
USAC ANTIMONY PRODUCTION FACILITIES 1. PUERTO BLANCO ANTIMONY COMBINATION FLOATATION/GRAVITY MILL, GUANAJUATO, MEXICO • This plant produces antimony flotation and gravity concentrates that may contain silver and gold. The plant feed capacity is up to 150 tons per day. 22
Slide 23: Pre-crusher circuit Puerto Blanco mill
Pre-crusher circuit Puerto Blanco mill 23
Slide 24: Puerto Blanco flotation mill
Puerto Blanco flotation mill 24
Slide 25: Antimony Oxide Ore Gravity Mill, Wadley
2. ANTIMONY OXIDE ORE GRAVITY MILL, WADLEY, SAN LUIS POTOSI, MEXICO • This plant produces gravity concentrates and has a feed capacity of up to 500 tons per day. 25
Slide 26: Wadley plant, SPP, Mexico
Wadley plant, SPP, Mexico 26
Slide 27: Wadley plant thickener
Wadley plant thickener, San Luis Potosi, Mexico 27
Slide 28: Antimony Oxide Smelter, Thompson Falls, Montana
3. ANTIMONY OXIDE SMELTER, THOMPSON FALLS, MONTANA • This plant has a capacity to produce 15,000,000 pounds per year of antimony oxide, or 5,000,000 pounds per year of antimony metal. 28
Slide 29: USAC mill, Thompson Falls, Montana
USAC mill, Thompson Falls, Montana 29
Slide 30: Antimony Smelter, Madero, Coahuila, Mexico
4. ANTIMONY OXIDE OR SULFIDE SMELTER, MADERO, COAHUILA, MEXICO • This smelter produces crude antimony oxide or metal from 5 tons per day of DSO or concentrate. 30
Slide 31: Madero Smelter, Coahuila, Mexico
Madero Smelter, Coahuila, Mexico 31
Slide 32: Silver and Gold Refinery, Thompson Falls
5. SILVER AND GOLD REFINERY, THOMPSON FALLS, MONTANA • This plant recovers silver and gold as either a high purity silver metal and/or gold. The Company expects costs for PM will be minimal. 32
Slide 33: Pouring precious metals, Thompson Falls
Pouring precious metals, Thompson Falls, Montana 33
Slide 34: Zeolite Operations
ZEOLITE OPERATIONS • BEAR RIVER ZEOLITE COMPANY (BRZ) is a wholly owned subsidiary of United States Antimony Corporation (USAC) of Thompson Falls, Montana. • The zeolite is regarded as one of the best zeolites due to its high cation exchange capacity, low sodium content, superior hardness, and unifo
Slide 35: BRZ plant, Preston, Idaho
BRZ plant, Preston, Idaho 35
Slide 36: Blast hole drill at BRZ
Blast hole drill at BRZ 36
Slide 37: BRZ pit
BRZ pit 37
Slide 38: Raymond mill, BRZ
Raymond mill, BRZ 38
Slide 39: Zeolite Production
Zeolite Production Tons Shipped 7 02,414 Average Price per Ton S S S S Gross Revenues 51,570,747 SL 233 $2,415,955 $2,043,641 92,6 9 Gross Profit ($185,981) $16,882 $470,172 $118,185 $313,442 $404,454 $3,000,000.00 $600,000 BRZ™ ANNUAL REVENUES $500,000 ZEOLITE PRODUCTION GROSS PROFIT $400,000 $2,50
Slide 40: USAC Management Team
USAC MANAGEMENT TEAM USAC BOARD OF DIRECTORS ANTIMONY, THOMPSON FALLS, MT John C. Lawrence (Thompson Falls, MT) Marilyn Sink: Plant Manager Gary Babbitt (Boise, ID) Lance Sink: Assistant Manager Russell C. Lawrence (Deary, ID) Matt Keane: Director Sales Hart W. Baitis (Missoula, MT) Tony Lyght: Main
Slide 41: Reclaimed tailings area, Thompson Falls, Montana
Reclaimed tailings area, Thompson Falls, Montana. USAC is environmentally conscientious. 41
Slide 42: Financial Update – Consolidated Balance Sheets
FINANCIAL UPDATE – USAC CORPORATION United States Antimony Corporation and Subsidiaries Consolidated Balance Sheets December 31, 2013 and 2012 ASSETS 2013 2012 Current assets: Cash and cash equivalents $ 20,343 $ 1,000,811 Certificates of deposit 246,565 243,616 Accounts receivable, net 576,021 456,
Slide 43: Liabilities and Stockholders' Equity
LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 1,734,767 $ 1,181,225 Due to factor 177,701 23,536 Accrued payroll, taxes and interest 124,937 89,541 Other accrued liabilities 50,745 30,220 Payables to related parties 15,549 17,522 Deferred revenue 110,138 - Notes payabl
Slide 44: Stockholders' Equity
Stockholders' equity: Preferred stock $0.01 par value, 10,000,000 shares authorized: Series A: -0- shares issued and outstanding - - Series B: 750,000 shares issued and outstanding (liquidation preference $892,500 and $885,000, respectively) 7,500 7,500 Series C: 177,904 shares issued and outstandin
Slide 45: Warrants
WARRANTS Number of Warrants Exercise Prices Balance, December 31, 2010 725,000 $.20 - $.75 Warrants exercised (125,000) $.30 - $.40 Balance, December 31, 2011 600,000 $.30 - $.60 Warrants issued 1,734,667 $2.50 - $4.50 Warrants exercised (250,000) $.30 - $2.50 Warrants expired (150,000) $.30 - $.40
Slide 46: Beneficial Owners
BENEFICIAL OWNERS Percent of Title of Name and Address of Amount and Nature of Percent of all Voting Class Beneficial Owner (1) Beneficial Ownership Class (1) Stock Cardinal capital Management Common LLC Four Greenwich Office Stock Park Greenwich CT 06831 4,008,694 6.40% 6.20% Reed Family Limited Co
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