U.S. ANTIMONY CORPORATION
JOHN LAWRENCE, CEO
GHS July 19, 2011
1
USAC CORPORATE PROFILE
• USAC is a rapidly growing natural resource company
with three products: antimony, precious metals
(silver and gold) and zeolite.
• USAC produces antimony metal and tri-oxide at its
Montana and Mexico smelters
• USAC obtains antimony raw materials from its own
mines and mill, plus other mines and smelters in
Canada, Mexico, and Europe.
• USAC uses proprietary metallurgical processes to
recover precious metals from antimony raw materials
• USAC sold 1,679,041 pounds of antimony at an average
sales price of $3.67 per pound in 2010
• USAC will mine antimony and silver at its Los Juarez
property in Queretaro, Mexico
• USAC subsidiary Bear River Zeolite mines natural zeolite
near Preston, Idaho; 15,318 tons of zeolite were sold at
an average sales price of $157.72 per ton in 2010
USAC SMELTER AND CORPORATE OFFICES
47 Cox Gulch Road
Thompson Falls, MT 59873
Phone: 406-827-3523
Fax: 406-827-3543
Email: tfl3543@blackfoot.net
www.usantimony.com
www.bearriverzeolite.com
USAC reported a profit of $805,213 on revenues of
$9,073,324 in 2010
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USAC ANNUAL
TOTAL SALES
ANTIMONY METAL
AVERAGE PRICE/TON
$10,000,000
$18,000
USAC
$9,000,000
BRZ
$16,000
$8,000,000
$14,000
$7,000,000
$12,000
$6,000,000
$10,000
$5,000,000
$8,000
$4,000,000
$6,000
$3,000,000
$4,000
$2,000,000
$2,000
$1,000,000
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2010
2009
2008
2007
2006
2005
GHS July 19, 2011
$0
2004
$0
3
ANTIMONY
• USAC mines, mills, and smelts antimony ores
• Antimony is a strategic metal accounting for 68% of
USAC 2010 revenues
- Antimony uses:
Metal – automotive bearings, ordinance,
storage batteries
Oxide – fame retardant, ceramics, catalysts
- Substitutes for antimony oxide flame retardants are
less economic and do not perform as well
• Demand is strong
$7,000,000.00
$6,000,000.00
$5,000,000.00
$4,000,000.00
$3,000,000.00
$2,000,000.00
$1,000,000.00
$-
2010
2009
2008
2007
2006
2005
2004
• USAC’s proprietary metallurgy recovers precious metals
from antimony and removes impurities such as lead and
bismuth
USAC ANTIMONY
& PRECIOUS METALS
ANNUAL REVENUES
• China currently produces 92% of 350 million pound
world market
- China’s resources are reportedly disappearing
USAC IS ONLY FULLY-INTEGRATED ANTIMONY PRODUCER OUTSIDE OF CHINA
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ANTIMONY: MEXICO MINING PROPERTIES
• LOS JUAREZ ANTIMONY, SILVER AND GOLD DEPOSIT – QUERETARO, MX
- Recently expanded to 3000 hectares
- Possibly bulk minable by open pit methods
- Estimated initial recoveries 80-85%
- Operations to commence Q3 2011
Los Juarez property
• SOYATAL MINING DISTRICT – QUERETARO, MX
- Supply Agreement on 283 hectares
- Soyatal was the third largest producer
of antimony in Mexico
- Hand sorted rock and mill feed now being
purchased
Mining operations at Soyatal Mining District
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ANTIMONY: MEXICO MILL AND SMELTER
• FLOTATION MILL – CORRAL BLANCO, GUANAJUATO, MX
- Capacity of 150 metric tons per day
- Will process rock from Los Juarez, Soyatal
and other properties
- Will produce 50-60% antimony concentrates
with silver and gold
- Operation to begin 3Q 2011
Corral Blanco Flotation Mill
• ANTIMONY SMELTER – MADERO, COAHUILA, MX
- Smelter operations began in 2010
- Feed capacity over 250 metric tons per month
(approximately 300,000 pounds of antimony
metal content)
- Property convenient to major rail line
- Highway access to Gulf of Mexico, Pacific Ocean
and United States
Madero Smelter
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ANTIMONY PRODUCTION
FLOW DIAGRAM FOR
ANTIMONY (Sb), SILVER (Ag) & GOLD (Au) PRODUCTION
USAMSA
Raw Materials
Mines
Worldwide
Los Juarez,
Soyatal, MX
1-15% Sb
plus Ag & Au
USAMSA
Flotation Mill
Corral Blanco, MX
ANTIMONY METAL
Concentrate
50-60% Sb
150-300 opt Ag, 1-5 opt Au
USAMSA
Sulfide and Oxide
Smelter
Madero, Coahuila, MX
Sb Metal with Ag & Au
Sb2O3 (Sb Oxide)
USAC
Oxide Smelter
Thompson Falls,
Montana, USA
ANTIMONY OXIDE
Sb Metal
Sb2O3 (Sb Oxide)
Sb Metal
“Finished” Sb2O3 (Sb Oxide)
Na SbO3 (Sodium Antimonate)
Ag & Au (Silver & Gold)
MARKET
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USAC PLANT LOCATIONS
USA
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MEXICO
8
PRECIOUS METALS (SILVER AND GOLD)
• USAC uses proprietary metallurgy to recover precious
metals from antimony ore
USAC Precious Metal Sales
$600,000
• Silver and gold are by-products of USAC antimony ore
smelting
$500,000
• Precious metals accounted for 5% of USAC 2010
revenues
$300,000
• 2009 and 2010 precious metal revenues included a
discount of 25% on silver and 40% on gold from
independent smelter
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$400,000
$200,000
$100,000
$0
2009
2010
9
ZEOLITE – BEAR RIVER ZEOLITE (“BRZ”)
• USAC wholly owned subsidiary near Preston, ID
• BRZ mines, mills and sells natural zeolite
• BRZ zeolite sales accounted for 27% of USAC 2010
revenues
• Zeolite is an industrial mineral that is a natural cation
exchange agent
$3,000,000.00
$2,500,000.00
$2,000,000.00
$1,500,000.00
$1,000,000.00
$500,000.00
$-
2010
2009
2008
2007
2006
2005
2004
• BRZ zeolite applications :
Animal and Agriculture: feed, flow agent, hogs, horses,
odor control, pellet binder, poultry, ruminants
Air Filtration: ammonia, blasting, odor control
Aquaculture: ammonium control, decorative
Concrete and Pozzolan
Remediation: nuclear, oil spills on water, floor spills,
toxic waste
Soil: soil amendment, golf and turf, for high salinity soils
Water: cation removal, drinking water filtration,
swimming pools, waste water treatment, water filtration
Retail: algae eater, decorative, floor spill, deodorizer,
horse stall freshener, kitty litter, soil amendment
BRZ
REVENUES
• Demand is strong
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BEAR RIVER ZEOLITE
BRZ pit near Preston, ID
BRZ plant near, operating since 2004
Strontium 90 Plume
- Selected by Department of Energy to
remediate West Valley, New York
Strontium 90 nuclear plant leak
(almost 100% removal of Strontium 90)
- Currently being tested by TEPCO
to help remediate Fukujima nuclear
disaster
West Valley Demonstration Project
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MARKET PROFILE
• SYMBOL: UAMY.bb (to apply for AMEX listing)
Q1 2011 (UNAUDITED)
• MARKET CAP $240 million
• SHARES OUTSTANDING (FD): 60 million
• Q1 2011 PRICE RANGE: $.32 - $4.10
• AVERAGE DAILY VOLUME: 140,000
• SHARE OWNERSHIP:
- Officers/Directors
- 5% Holder
- Institutions (est.)
GHS July 19, 2011
11.0 million
3.9 million
10.0 million
Cash
Working Capital
Total Debt
$1,543,176
1,846,494
142,150
Stockholder’s Equity
$5,739,884
18%
6%
16%
12
U.S. ANTIMONY CORPORATION
UAMY.BB
GHS July 19, 2011
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MANAGEMENT and BOARD
CORPORATE MANAGEMENT, THOMPSON FALLS, MT
John Lawrence: President and CEO
- Antimony expert. Skilled geologist, metallurgist,
chemist, mill and mining expert
Dan Parks: CFO
- Former Coopers and Lybrand partner for mining
companies
Matt Keane: Director Sales
John Lawrence, working CEO
Russell Lawrence: COO Mexico operations
NEW BOARD DIRECTOR
Hart W. Baitis
– Former CEO of two Minorco U.S. subsidiaries. Mining expert on a global basis. PhD Geology.
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USAC ANTIMONY PRODUCTION CURRENTLY “SOLD OUT”
• USAC expanding to service its total
antimony demand
• Major U.S. industrial corporation recently
issued large multi-year purchase order to USAC
• Chinese imports of antimony concentrates
up 66% January to May 2011
GOAL: REPLACE CHINA’S FADING INDUSTRY DOMINATION
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WHY OWN USAC NOW?
1. USAC REVENUES EXPANDING RAPIDLY WITH MEXICO MINES AND MILL
2. USAC EXPANDING WORLDWIDE SOURCES OF RAW MATERIALS
3. APPLICATION FOR AMEX LISTING PLANNED FOR Q3 2011
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FORWARD LOOKING STATEMENTS
This presentation includes certain “forward-looking statements” or “forward-looking information”. All statements of historical fact,
included in this presentation are forward-looking statements that involve risks and uncertainties. The words “believe”, “expect”,
“anticipate”, “contemplate”, “target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “forecast”, “may”, “will”, “schedule”, and
similar expressions identify forward-looking statements. Forward-looking statements include, among other things, statements regarding
targets, estimates and assumptions in respect of antimony, zeolite, gold and silver and gold equivalent production and prices, cash and
operating costs, results and capital expenditures, mineral reserves and mineral resources and anticipated grades, recovery rates, future
financial or operating performances, margins, operating and exploration expenditures, costs and timing of the development of new
deposits, costs and timing of construction, costs and timing of future exploration and reclamation expenses, anticipated 2011 results,
our ability to fully fund our business model, including our capital and exploration program, internally, anticipated 2011 year-end interim
and annual gold and silver production and the cash and operating costs associated with the same, the ability to achieve productivity and
operational efficiencies, the ability to achieve cash flow margin improvements, the ability to develop and put into production our
exploration targets and the timing of each thereof. Forward-looking statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable by United States Antimony Corporation, are inherently subject to significant business,
economic, competitive, political and social uncertainties and contingencies. Important factors that could cause actual results to differ
materially from United States Antimony Corporation expectations include, among others, risks related to international operations, the
actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue
to be refined, future prices of antimony, zeolite, silver and gold, known and unknown uncertainties and risks relating to additional
funding requirements, reserve and resource estimates, hedging activities, development and operating risks, illegal miners, uninsurable
risks, competition, limited mining operations, production risks, environmental regulation and liability, government regulation, currency
fluctuations, recent losses and write-downs, dependence on key employees, possible variations of ore grade or recovery rates, failure of
plant, equipment or process to operate as anticipated, or accidents. Although United States Antimony has attempted to identify
important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future
events could differ materially from those anticipated in such statements. Forward-looking statements are not guarantees of future
performance. Accordingly, readers should not place undue reliance on forward-looking statements.
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