Critical minerals producer United States Antimony has secured the property acquisition of a critical minerals flotation facility in Montana.
The deal, which closed January 16, includes property and equipment in Radersburg, between Helena and Bozeman, not far from its Thompson Falls smelter. The fully operational campus was purchased for $4.75 million in cash. The miner has earmarked $2 million in future capital expenditures to do facility improvements.
The Radersburg Mill has both gravity and flotation circuits for concentrating many minerals including stibnite, the primary antimony mineral. It has crushing and grinding circuits to liberate target minerals such as gold, silver, copper, tungsten or stibnite, amongst many others.
The existing tailings storage facilities are already equipped with water recycling circuits.
Radersburg additionally features a centrifugal concentrator, mineral jig, and a shaking table to make high-grade concentrates from gold-bearing ores.
“In order for us to concentrate our raw ore from both Alaska and Montana, we must first utilize a modern flotation mill to properly concentrate the material to a high enough level that we can then feed the various furnaces located in our smelters in order to produce mil-spec antimony trisulfide. This Radersburg acquisition announced today is perfectly suited for this required exercise,” said Gary Evans, Chairman and CEO.
“Additionally, it opens up the opportunity to mill other materials as it has done in the past.”
He noted that it previously leased a similar facility in Philipsburg, Mont., but had issues negotiating acceptable terms with the existing owners, and subsequently cancelled the lease last September.
“This transaction…is another ‘leg on our stool’ as a fully integrated antimony company in order to maximize profitability, control our destiny, and meet the ever-growing needs of our customers whether they be industrial or the federal government,” he added.
Source: usantimony.com