Press Release
Unico, Inc. Announces Easement Agreement with PacifiCorp and Additional Updates
on Electrical Substation Work That Will Supply Power to the Deer Trail Mine
Issued Monday June 25, 9:19 am ET
SAN DIEGO, CA--(MARKET WIRE)--Jun. 25, 2007--Unico, Incorporated (OTC BB:
UCOI), a natural resource company in the precious metals mining sector, today
announced that the company has entered into an agreement to grant PacifiCorp
(www.pacificorp.com), the electrical utility that operates in Utah as Rocky
Mountain Power, an easement for a right of way to establish a connection
between the existing substation adjacent to the Deer Trail Mine property and
the new substation that will supply power to the Deer Trail Mine.
According to the terms of the agreement, the easement of approximately 40 feet
in width and 27 feet in length is designated for the construction,
reconstruction, operation, maintenance, repair, replacement, enlargement, and
removal of electric power transmission, distribution and communication lines
and all necessary accessories.
Rocky Mountain Power arrived at the Deer Trail Mine site last week to begin the
installation of the necessary components to support the power supply to the
Deer Trail substation. There was a planned outage for the Deer Trail Mine, so
Rocky Mountain Power could remove the existing pole that supplies power to site
and replace it with a pole suitable to support the air brake switch. The air
brake switch will be used to isolate the mill and mine site from the main power
source, allowing Unico's wholly owned subsidiary, Deer Trail Mining Company, to
continue building the substation with the power infrastructure in place.
Rocky Mountain Power installed a pole that will be used to support the
power lines that tie directly to the Deer Trail Mine substation substation. All
power wires are being installed and left coiled, so that when the necessary
poles, cross arms and metering cabinet are installed by electrical contractor
Cache Valley Electric, the final connection can be made. Deer Trail Mining
Company has contracted with Cache Valley Electric (www.cve.com), one of the
largest electrical contractors in the western United States, to prepare the
site and assist with construction of the substation.
Cache Valley Electrical has ordered the metering cabinet and switchgear, which
the company expects be delivered to the substation site in the near future. An
additional crew from Cache Valley Electric is scheduled to arrive once the
equipment is delivered to complete the installations.
A photo gallery showing recent work related to the new electrical substation is
expected to be added to the Unico website, www.unicomining.com, in the next
several days.
"We are pleased to have the easement agreement in place, paving the way
for the connection between the existing electrical substation and the new
substation that will supply power to the Deer Trail Mine site," said Mark
A. Lopez, chief executive officer of Unico, Inc. "With the initiation of
work by Rocky Mountain Power to establish the connection, we look forward to delivery
of the remaining components that will complete the substation and allow for a
consistent and cost-effective supply of electricity for processing operation
and mining activities at the Deer Trail Mine."
Shareholders who would like to sign up to receive information by email directly
from Unico, Inc., including when new photo galleries 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. (OTC BB: UCOI) 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
three mine properties: the Deer Trail Mine, the Bromide Basin Mine and the
Silver Bell Mine. The company has also announced agreements to acquire over 70
additional mining claims. 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.
Contacts:
Gemini Financial Communications, Inc.
A. Beyer
951-587-8072
investors@unicomining.com
OTC Financial Network
Rick McCaffrey
781-444-6100, x625
rick@otcfn.com
www.otcfn.com/ucoi
.