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Unico, Inc.: Unico, Inc. Announces Presence of Tellurium at the Deer Trail Mine

^{Published on 2009-02-09 08:32:21, Last Modified on 2009-02-09 08:33:33 - Market Wire}
 

SAN DIEGO, CA--(Marketwire - February 9, 2009) - Unico, Incorporated (OTCBB: [ UNCO ]), a natural resource company in the precious metals mining sector, today announced that significant levels of tellurium, an extremely rare element, have been discovered at the company's wholly owned Deer Trail Mine in Marysvale, Utah. Tellurium, which is used in metal alloys and as a semi-conductor, has recently experienced increased demand in applications including optical discs, memory chips and solar panels.

The presence of tellurium at the Deer Trail Mine was discovered during comprehensive analysis of concentrates at the Deer Trail mill and processing facility. Unico recently announced the production of concentrates at the Deer Trail mill, and photo galleries showing activities at the facility can be viewed at the Unico website, [ www.unicomining.com ].

Metallurgical test work is currently being conducted onsite at the Deer Trail laboratory. Information on the results completed at the site and additional analysis conducted by independent 3rd party laboratories are expected to be announced in the coming days. Test work will also be conducted on methods for the extraction of tellurium directly from the concentrates for marketing directly to end users.

There were traditionally very few commercial uses identified for tellurium, but it has primarily been used as an alloying agent with copper, steel or lead. It is also used in blasting caps and ceramics. Recently tellurium has been utilized in ever-increasing applications in the electronics industry, solar cell electric power generation and as a semi-conductor.

World tellurium is almost entirely recovered from copper concentrates during smelting and refining. The supply of this strategic metal was already in very tight supply prior to the worldwide economic recession, and the problem has been further exacerbated by the recent reduction in worldwide copper production. The value of tellurium has recently ranged in price from $150 to $300 per kilogram, and the current market price is approximately $180 per kilogram.

"We are pleased with the ongoing work at the Deer Trail Mine, which has resulted in the discovery of tellurium present in concentrates produced at the mill site," commented Mark A. Lopez, chief executive officer of Unico, Inc. "As we continue our activities at the Deer Trail Mine, which include processing at the mill facility and preparations for future underground mining activities at the site, we will also explore all available commercial opportunities for the tellurium discovered there."

Shareholders who would like to sign up to receive information by email directly from Unico, Inc., including when newsletters are posted to the company website, are asked to visit the company's website at [ http://www.unicomining.com/IR/mailinglist.php ] and fill in the appropriate fields.

About Unico, Inc.

Unico, Inc. (OTCBB: [ UNCO ]) is a publicly traded natural resource company in the precious metals mining sector that is focused on the exploration, development and production of gold, silver, lead, zinc, and copper concentrates at its two mine properties: the Deer Trail Mine and the Silver Bell Mine. The company has also announced agreements to acquire over 70 additional mining claims including the Clyde and Crown Point mining claims. In August 2007, Unico announced that its wholly owned Deer Trail Mining Company subsidiary had completed the purchase of the Deer Trail Mine from Crown Mines, LLC. For more information, please visit [ www.unicomining.com ].

Forward-Looking Statements

This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and such Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors, which could materially affect the company and its operations, are included on certain forms the company files with the Securities and Exchange Commission.