![]() Gustavsen graduated from Rutgers University in 1970 with a BS in chemistry and started work for Harshaw Chemical Company's plant in Gloucester City, NJ (purchased by Amspec Chemical Corporation in 1983), a major producer of antimony trioxide. US Antimony is very pleased to announce two newly-appointed directors, John Gustavsen, CEO and Timothy Hasera. The Company plans to formalize an agreement with the local surface-right owners with the assistance of the previous owner, fix the road, source miners, and begin mining as soon as possible. US Antimony is very excited to have acquired these claims as these claims represent a rare opportunity, namely, a source of non-contaminated antimony trisulfide ore suitable for the synthesis of antimony trisulfide for the munitions industry both for the DLA but also for the general munitions' industry. To date, all of the samples sent have been approved. The result of this campaign was the yielding of samples that were sent to the United States DLA (Defense Logistics Agency) for military specification approval. US Antimony, as part of an earlier agreement shipped low-grade dump rock from the Sierra Guadalupe mines to its flotation plant in Guanajuato Mexico to produce antimony trisulfide concentrates that were then shipped to its headquarters in Montana for purification in electric furnaces. 150 tons (3 train ore cars) of ore between 15% to 18% antimony.100 tons (2 train ore cars) of ore between 22%-28% antimony.50 tons (1 train ore car) of ore at between 30%-35% antimony.Mine production from 1965 until 1970, the last time the mine was worked, were approximately as follows per month: Mine production between 19 was achieved by purchasing ore from the local miners and records were not kept or are not available. The Santa Fe mine with 2 portals, one connecting to the El As 2 tunnel and the other with about 150 meters of tunnels.The El As 2 mine which has one portal with about 300 meters connecting to the Santa Fe mine.The El As mine which has 3 portals, each with approximately 150 meters of tunnels.The Santa Monica mine that has 1 portal with more than 250 meters of tunnels.Nothing is known about the duration or production from this period but the previous owner, who purchased the claims in 1960 says his father sold train cars of ore during that period. The mine was in small-scale production prior to 1960. The agreement requires US Antimony to pay $1,200,629.81 US dollars with an initial payment of $522,000.00 US dollars followed by 50 monthly payments for the remainder of the balance. US Antimony is pleased to report that a deal to acquire the mining claims at the Sierra Guadalupe site in the state of Zacatecas Mexico has been signed. US Antimony announces acquisition of the Sierra Guadalupe Mining Claims in the state of Zacatacas Mexico for its munition antimony trisulfide product Historically, it was the largest producer of antimony in Mexico. The Wadley District contains an extensive network of underground workings with at least 8 separate levels. USAC has agreed to pay $11,600 US dollars per month for these 8 months, at the end of which time, should USAC agree, USAC would pay an initial payment of $2.32 million dollars, followed by an annual payment of $1.16 million dollars for 7 years bringing total purchase price to $10.44 million dollars. The agreement grants USAC 8 months, starting to mine and conduct geological and resource studies. The agreement has been in negotiations since and was finally signed by both parties on. US Antimony Corporation (USAC) has entered into a Purchase Option agreement with SB Wadley SA de CV. US Antimony announces initiation of Purchase option of the Wadley Mines in the state of San Luis Potosi Mexico The Company's Form 10-Q for the period ended Jis available at: Net income applicable to common shareholders of $349,404 for the three months ended June 30, 2022.Cash provided by operating activities of $745,038 for the six months ended Jcompared to negative $2,236,609 for the six months ended June 30, 2021.363,128 total pounds of antimony sold at an average sales price of $6.81 per pound during the second quarter of 2022 compared to 339,117 pounds sold at an average sales price per pound of $4.21 during the second quarter of 2021.Total revenue of $3,587,925 for the second quarter 2022, a 57.7% increase compared to $2,275,562 over the second quarter of 2021.
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