What factors drove the changes in United States Antimony's revenue and profit?

What were the key takeaways from United States Antimony’s earnings call?

What were the key takeaways from United States Antimony's earnings call?

What is the market's earnings forecast for United States Antimony next quarter?

What is United States Antimony's latest dividend and current dividend yield?

What guidance did United States Antimony's management provide for the next earnings period?

What is United States Antimony's gross profit margin?

What is the revenue and EPS growth rate for United States Antimony year over year?

- **$352M Contract Win**: Secured $245M DLA and $107M industrial contracts, 23x 2024 revenue.
- **Production Ramp-Up**: Montana to reach 500+ tonnes/month by 2026, up from 100 tonnes/month.
- **Cash Position Strong**: $38.5M cash (up $20M YoY), minimal debt ($229K).
- **China Dependency Risk**: China controls 85% of global antimony refining, U.S. strategic reserves only cover 2-3 months.
- **Share Price Surge**: +100% Q3 2025 to $7.62, market cap $1B (4x growth).

**【CEO Opening Remarks】**
- Highlighted antimony's critical role in military and industrial applications, emphasizing U.S. dependence on foreign sources.
- Announced $245M DLA contract and $107M industrial contract, totaling $352M in new sales.
- Emphasized vertical integration as the only North American antimony producer outside China/Russia.
- Montana production ramp-up expected to reach 500+ tonnes/month by 2026.

**【CFO Financial Commentary】**
- 9M 2025 revenue: $26.2M (182% YoY growth) driven by price hikes and zeolite volume.
- Gross margin improved to 28% (vs. 24% prior year), despite Q4 margin pressure from falling antimony prices.
- Net loss: $4.1M (includes $5.2M non-cash expenses).
- Cash flow positive from operations, ending Q3 with $38.5M cash (up $20M YoY).
- Balance sheet strengthened with $43M from warrant exercises, minimal debt ($229K).

**【Mining Operations Update】**
- Montana Stibnite Hill: 560 tonnes mined at >10% grade, with 112,000 lbs antimony delivered to smelter.
- Alaska: Permitting delays, but 350 acres acquired for future processing.
- Canada: Cobalt and tungsten projects in Ontario, with SRK Consulting completing resource report.

**【Procurement & Supply Chain】**
- Global procurement network expanded to 10 countries, securing 330 tonnes/year.
- Bolivia to supply 150 tonnes/month of antimony metal starting Q1 2026.
- Chad engagement for long-term mining partnerships in Africa.

**【Investor Relations】**
- Q3 2025 share price surged 100% to $7.62, market cap up 4x to $1B.
- Institutional ownership rose to 30% from near-zero 1.5 years ago.
- Media campaigns highlighted as 'North America's only antimony smelter'.
- Listed on NYSE Texas Exchange for enhanced visibility.

**【Strategic Initiatives】**
- 2026 revenue guidance: $125M (excludes new trioxide contract).
- Mexico smelter expansion to 200 tonnes/month, with natural gas access advantage.
- Alaska smelter feasibility study underway, pending LNG cost analysis.
- Larvotto Resources (Australia) acquisition proposal rejected, but 10% stake retained.
- China's 60x global antimony production dominance and export controls highlighted as strategic risk.


United States Antimony Corporation (UAMY) Q3 2025 Earnings Call Transcript

- **Record Financials**: H1 2025 revenue up 160% to $17.5M, net income surging 707% to $728K, driven by 203% Antimony growth.
- **Strategic Contracts**: Secured 7 new international antimony supplies, including Peru (45 tons) and Chad (80 tons), with 3x ore deliveries in Q2.
- **Government Opportunity**: $240M DLA contract bid under review, leveraging exclusive U.S. antimony processing capability.
- **Tungsten Play**: $5M Ontario acquisition positions for 2026+ tungsten production, with bulk sample plans at Glencore's Strathcona mill.
- **Operational Expansion**: Montana facility set for 6x throughput increase by year-end, with private land workaround for Alaska delays.

**【CEO Opening Remarks】**
- **Revenue Growth**: First half 2025 revenue up 160% YoY to $17.5M, with gross profit up 183% to $5.2M and net income up 707% to $728K.
- **Antimony Dominance**: 203% YoY growth in Antimony business driven by $22/lb average price (vs. $6/lb prior year), offsetting 75% increase in supplier costs.
- **Guidance**: On track for $40-50M FY2025 revenue, with Montana facility expansion to increase throughput 6x by year-end.
- **New Contracts**: Signed 7 international antimony supply contracts, including Peru (45 tons) and Chad (80 tons), with Bolivia and Mexico shipments pending.

**【CFO Financial Commentary】**
- **Cost Structure**: Operating expenses rose 108% YoY to $4.8M due to hiring for growth initiatives, but non-cash expenses (depreciation, stock comp) increased 220% to $1.6M.
- **Inventory Build**: Antimony inventory up $5.6M due to 3x ore deliveries in Q2, with plans to process 2025 shipments by year-end.
- **Balance Sheet**: $10M U.S. Treasury purchase reduced cash, but long-term debt remains minimal at $262K.

**【Mining Operations Update】**
- **Alaska Challenges**: Permit delays caused 1-month delay in ore shipments, but private land acquisition allows bypassing state permits. Gravity surveys and 50,000-ton bulk sample plans underway.
- **Montana Progress**: SMEZ permit application submitted for 5-acre mining expansion, with first ore shipment expected mid-September.
- **Ontario Tungsten**: $5M acquisition of tungsten property; exploring bulk sample (20,000-50,000 tons) at Strathcona mill with Glencore.

**【Government Relations】**
- **Defense Collaboration**: Exclusive U.S. antimony processor, with DLA contract bid ($240M) under review. Tungsten acquisition driven by DoD discussions.
- **Critical Minerals Positioning**: 55+ years of operational expertise vs. new entrants; only domestic antimony producer.

**【Investor Relations】**
- **Institutional Growth**: 24% public float held by 121 institutions, up from 0% prior year. Avg. daily volume 4.8M shares vs. prior year levels.
- **Market Expansion**: Dual listing on NYSE Texas, with PR campaigns and 5+ conferences/Q3 planned.


United States Antimony Corporation (UAMY) Q2 2025 Earnings Call Transcript

- **Revenue Super Growth**: Q1 2025 revenue up 128% YoY to $7M, with net income jumping 269%.
- **Alaska Ore Game Changer**: Q3 2025 shipments expected to cut costs by 30%, enabling 6x smelter capacity.
- **BlackRock Backing**: Institutional confidence with BlackRock stake at 5.1%.
- **Cobalt Potential**: 16% grade discovery in Canada, with drilling set for Q2.
- **Smelter Expansion**: $15M Montana upgrade on track for Q4 2025, funded by DoD grant.


**【CEO Opening Remarks】**
- Q1 2025 revenue surged 128% YoY to $7 million, driven by strong demand for antimony and zeolite products.
- Gross profit jumped 302% YoY to $2.4 million, with net income up 269% to $0.5 million.
- Alaska mining operations expected to deliver antimony ore to Montana smelter by Q3 2025, reducing costs by 30%.
- 2025 revenue guidance tightened to $40-50 million, up from prior $35-50 million range.

**【CFO Financial Highlights】**
- Antimony sales rose 140% YoY to $5.9 million, boosted by 82% increase in zeolite sales to $1.1 million.
- Gross margin expanded from 19% to 34%, driven by higher ore prices and operational efficiency.
- Operating expenses reduced by $750k in Q1 2025 due to cost control and one-time project costs.
- Working capital improved by $3.4 million, with cash balance up $574k from Q4 2024.

**【Mining Operations Update】**
- Alaska acreage expanded to 35,000 acres, with 8 permits pending approval for Q3 ore shipments.
- $15 million smelter expansion in Montana expected to complete by year-end, tripling throughput capacity.
- Cobalt exploration in Canada shows 16% grade potential, with drilling planned for Q2 2025.

**【Investor Relations Progress】**
- Secured $3.7 million from warrant exercises, with $5.5 million remaining in pipeline.
- Added 4 research firms covering the stock, including H.C. Wainwright and B. Riley.
- BlackRock increased stake to 5.1%, signaling institutional confidence.
- Q2 trading volume averaged 2-3 million shares/day, up from 2024 levels.

**【Q&A Key Takeaways】**
- Alaska ore trucking logistics feasible year-round via backhauling, with Q3 shipments on track.
- No impact on existing operations from Montana smelter expansion.
- No U.S.-based competitors likely to enter antimony smelting within 2-3 years due to supply constraints.
- Government grant for smelter expansion expected to cover $15 million cost.
- Zeolite business to focus on water treatment, cattle feed, and concrete additive markets.


United States Antimony Corporation (UAMY) Q1 2025 Earnings Call Transcript

- **Revenue Surge**: FY2024 revenue up 72% to $14.9M, driven by 88% growth in antimony sales.
- **Profit Turnaround**: Gross profit flipped to $3.5M from -$3.3M, with Mexico reactivation boosting margins.
- **Alaska Expansion**: Targeting Q3 2025 for high-grade antimony shipments at $25,000/ton gross value.
- **Market Momentum**: 2024 market cap growth to $200M, with Russell 2000 inclusion set for May 2025.
- **Cost Efficiency**: Mexico processing costs reduced by 5%, enabling 200 tons/month capacity.


**【CEO Opening Remarks】**
- FY2024 revenue reached $14.9M, up 72% YoY, driven by higher sales volumes and prices in antimony and zeolite businesses.
- Gross profit turned positive at $3.5M (vs. -$3.3M in 2023), with cost efficiencies and price increases.
- Key 2025 objectives include expanding antimony processing capacity, initiating Alaska mining operations, and improving zeolite margins.

**【CFO Financial Highlights】**
- Antimony sales: $11.1M (+88% YoY), 60% from price increases, 40% from volume growth.
- Zeolite sales: $2.9M (+19% YoY), with 50% from volume and 50% from price hikes.
- Mexico operations reactivated in Q4 2024, contributing to higher antimony market prices.
- 2024 cash flow improved to +$6.3M (vs. -$7.2M in 2023) due to operational efficiency.

**【Mining Operations Update】**
- Alaska: Targeting high-grade antimony ore (50%+ purity) with plans to ship to Montana by Q3 2025.
- Canada: Cobalt exploration in Sudbury Basin with historical grades of 16% cobalt, aiming for resource delineation in 2025.
- Mexico: Expanded processing capacity to 200 tons/month and new ore suppliers.

**【Market & IR Strategy】**
- 2024 market cap growth from $20M to $200M through 20+ conferences, social media outreach (65K followers), and equity research coverage.
- Russell 2000 Index inclusion expected in May 2025, enhancing liquidity and visibility.
- Tariff concerns remain, but potential exemptions for critical minerals under consideration.

**【Q&A Key Takeaways】**
- Madero smelter expansion underway with 15 new hires and $0.5M furnace upgrades.
- Alaska mining costs: $260/ton ($5,200/truckload) for 20-ton shipments, with first ore expected in Q3 2025.
- No direct competition for US antimony processing; global supply chain reliance on imports persists.
- 2025 CapEx focus on Alaska exploration, Mexico expansion, and zeolite sales growth.


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