US Antimony's Q1 2025: Unraveling Contradictions in Ore Trucking, Expansion Plans, and Business Expectations

Alaska antimony ore trucking timing, Thompson Falls expansion plans, Madero mine production and antimony sources, permitting timeline and anticipated ore trucking, and zeolite business expectations and anticipated upside are the key contradictions discussed in United States Antimony Corporation's latest 2025Q1 earnings call.



Revenue and Financial Performance:
- United States Antimony Corporation reported revenue of $7 million for Q1 2025, up 128% year-over-year from Q4 2024. Gross profit was $2.4 million, indicating a 302% year-over-year increase.
- The growth was driven by strong demand and increased average sales prices in the antimony business, with significant improvements in the zeolite business due to higher demand and increased sales volume.

Antimony Business Expansion:
- Antimony sales were $5.9 million, up $3.5 million or 140% year-over-year.
- This expansion was primarily due to increased average sales prices and strong demand for antimony, which is a critical mineral with applications in various industries and defense.

Zeolite Business Recovery:
- Zeolite sales increased to $1.1 million, up about $500,000 or 82% over the previous year.
- The improvement was attributed to higher sales volume, increased efficiency in labor and overhead, and lower maintenance costs compared to the previous year.

Operational and Strategic Initiatives:
- The company reported income from operations of $358,000 for Q1 2025, compared to a loss from operations of $470,000 in Q1 2024.
- This improvement was due to strategic initiatives like sourcing new antimony ore supplies, expansion of operations in Alaska, and operational efficiencies in the zeolite business.