The second quarter earnings call for United States Antimony Corporation, held on July 31, 2024, presented a snapshot of the company's financial performance and strategic initiatives. The call, led by CEO Gary Evans, was an opportunity to delve into the company's financial results, operational improvements, and future growth prospects.

Financial Performance and Operational Changes

The company reported a 26% increase in revenues for the first 6 months of 2024, marking a significant improvement from the previous year. This growth can be attributed to a higher volume of antimony sales and a rise in the price of zeolite sales. The gross profit for the period increased by 122%, reflecting the operational changes implemented by the company. Notably, the cost of sales only rose by 6%, allowing for a substantial increase in gross profit. This, in turn, led to a net income from operations of $30,000.

CEO Gary Evans highlighted the company's ongoing turnaround efforts, emphasizing the need for more changes to ensure sustainable growth. He discussed the operational improvements in the zeolite business, particularly at the Bear River facility, where new management and capital investments have led to increased efficiency and productivity.

Strategic Initiatives and Future Growth

One of the key areas of focus for United States Antimony Corporation is the zeolite business. The company is investing in expanding its product offerings, including the introduction of CattleMax, a new product aimed at the cattle feed industry. This strategic move is expected to tap into a significant growth opportunity, as only 5% of the cattle in the United States are currently being fed zeolite.

Another area of investment is the lobbying effort in Washington D.C. to raise awareness about the potential of zeolite in nuclear waste cleanup and water treatment applications. This strategic move underscores the company's commitment to leveraging its resources to address critical national needs and position itself as a leader in the zeolite market.

In the antimony division, the company is exploring various strategies to overcome the global antimony shortage. This includes upgrading lower-grade antimony trisulfide material and seeking new sources of antimony, both domestically and internationally. The company's unique position as the only smelter running in the United States, combined with its plans to introduce flotation technology, could potentially position it to become a significant player in the antimony market.

Investor Relations and Shareholder Engagement

The call also highlighted the company's efforts to enhance its investor relations and communication strategy. The appointment of Jonathan Miller as Vice President of Investor Relations and Global Sales Director is part of this broader initiative. Miller's expertise in digital marketing and investor relations is expected to help United States Antimony Corporation reach a wider audience and engage more effectively with the investment community.

Conclusion

United States Antimony Corporation's second quarter earnings call painted a picture of a company on the cusp of significant growth. With a focus on operational improvements, strategic investments, and enhanced investor relations, the company is poised to capitalize on the opportunities in the zeolite and antimony markets. As it navigates the challenges of the mining industry and the global economic landscape, United States Antimony Corporation is positioning itself as a dynamic, forward-thinking player in the critical minerals sector.