Financial Data and Key Metrics Changes - Revenues increased by 128% year over year, reaching $7 million in Q1 2025, which is almost 50% of the total revenue reported for the entire fiscal year 2024 [2][3] - Gross profit rose by 302% year over year to $2.4 million, with gross margin improving from 19% to 34% [2][4] - Net income reported was over $5 million, up 269% year over year [2] Business Line Data and Key Metrics Changes - Antimony sales were $5.9 million in Q1 2025, an increase of 140% year over year, primarily due to higher average sales prices [6] - Zeolite sales reached $1.1 million, up 82% year over year, with a 67% increase in sales volume quarter over quarter [9] Market Data and Key Metrics Changes - The antimony business saw a significant increase in demand, driven by the need for critical minerals across various industries, including government contracts [7] - The zeolite business improved due to operational efficiencies and increased sales volume, despite previous maintenance issues [10] Company Strategy and Development Direction - The company is focused on expanding its antimony operations in Alaska and Canada, with plans to source antimony ore from new suppliers and expand processing capabilities [5][8] - The strategy includes improving operational efficiency and capitalizing on the growing demand for critical minerals [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting the potential for increased revenues and improved margins as operations expand [11][39] - The company anticipates a revenue guidance tightening to $40 million to $50 million for 2025, reflecting confidence in operational improvements [41] Other Important Information - The company has engaged new geological experts to enhance exploration efforts in Alaska and Ontario [13][14] - The company is actively working on its marketing and investor relations strategy to attract long-term institutional capital [28][30] Q&A Session Summary Question: How will the 6X expansion plans for Thompson Falls be completed by the end of the year? - Management confirmed that the expansion is on track to be completed by the end of the year without affecting existing operations [44][46] Question: Can you comment on the permitting timeline for ore from Alaska? - The company expects to begin trucking ore into Montana by August or September, pending permit approval [47][49] Question: What are the implications if the Tick Red's dog zinc mine faces tariff issues? - Antimony is exempt from tariffs, and the company does not foresee issues affecting their operations [51] Question: Are there competing US-based companies nearing smelting capabilities? - Management indicated that while there are companies exploring this, the challenges of securing supply make it difficult for new entrants [52][53] Question: What is the company's acquisition strategy? - The company is focused on quick-access projects and is looking for opportunities that can be developed rapidly [58][60] Question: What are the expectations for the zeolite business in 2025? - The company plans to maintain its zeolite operations while focusing on expanding sales in various markets [79]

PART I [Financial Statements](index=2&type=section&id=ITEM%201.%20FINANCIAL%20STATEMENTS) For the first quarter of 2025, United States Antimony Corporation reported a significant financial turnaround, shifting from a net loss to a net income of $546,524, driven by a 128% year-over-year revenue increase to $7.0 million [Condensed Consolidated Balance Sheets](index=2&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of March 31, 2025, total assets increased to $39.5 million from $34.6 million at year-end 2024, primarily due to growth in cash, accounts receivable, and a significant rise in inventories Balance Sheet Highlights | Balance Sheet Highlights | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Total Current Assets** | $24,838,415 | $20,678,569 | | Inventories | $3,991,111 | $1,245,724 | | **Total Assets** | **$39,496,778** | **$34,642,602** | | **Total Current Liabilities** | $4,718,226 | $4,006,389 | | **Total Liabilities** | $6,905,442 | $6,041,929 | | **Total Stockholders' Equity** | **$32,591,336** | **$28,600,673** | [Condensed Consolidated Statements of Operations](index=3&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) The company achieved a significant turnaround in Q1 2025, reporting a net income of $546,524, compared to a net loss of $322,768 in Q1 2024, driven by a 128% surge in revenues to $7.0 million and a 302% increase in gross profit to $2.4 million Income Statement Highlights | Income Statement Highlights | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | **Revenues** | $7,000,005 | $3,072,067 | | **Gross Profit** | $2,371,730 | $589,485 | | **Income (Loss) from Operations** | $357,992 | ($470,454) | | **Net Income (Loss)** | **$546,524** | **($322,768)** | [Condensed Consolidated Statements of Cash Flows](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) In Q1 2025, the company experienced a net cash usage of $1.7 million from operating activities, largely due to a $2.7 million increase in inventories, offset by a strong inflow of $3.2 million from financing activities, resulting in a net increase in cash of $0.6 million Cash Flow Summary | Cash Flow Summary | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net Cash (Used in) Provided by Operating Activities | ($1,729,291) | $65,027 | | Net Cash Used in Investing Activities | ($862,011) | ($2,031) | | Net Cash Provided by (Used in) Financing Activities | $3,166,123 | ($21,273) | | **Net Increase in Cash** | **$574,821** | **$41,723** | [Notes to Condensed Consolidated Financial Statements](index=5&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) The notes detail the company's operations, accounting policies, and key financial components, highlighting significant revenue growth, inventory build-up, strategic acquisitions, and substantial financing activities including a new line of credit and expansion plans - The company sells antimony, zeolite, and precious metals, expanding its portfolio in 2024 and 2025 by acquiring mining claims in Alaska and Ontario, Canada, and leasing a metals concentration facility in Montana[13](index=13&type=chunk) Revenue by Product (Q1 2025 vs Q1 2024) | Revenue by Product (Q1 2025 vs Q1 2024) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Antimony | $5,925,848 | $2,469,062 | | Zeolite | $1,094,696 | $603,005 | | **Total Revenues** | **$7,000,005** | **$3,072,067** | - In Q1 2025, the company raised capital through the sale of **1,107,923 shares** in an "at the market offering" for gross proceeds of **$2.44 million** and issued **948,750 shares** from warrant exercises for proceeds of **$806,438**[53](index=53&type=chunk)[65](index=65&type=chunk) - Subsequent to quarter-end, in April 2025, the company secured a **$5 million** line of credit and executed a contract with WSP USA Inc. for the expansion of its Thompson Falls, Montana smelting operations, with estimated capital expenditures under **$15 million**[73](index=73&type=chunk)[75](index=75&type=chunk) [Management's Discussion and Analysis (MD&A)](index=16&type=section&id=ITEM%202.%20MANAGEMENT%27S%20DISCUSSION%20AND%20ANALYSIS%20AND%20PLAN%20OF%20OPERATION.) Management attributes the strong Q1 2025 performance to a significant increase in the average sales price for antimony and higher sales volume for zeolite, with $18.7 million in cash and equivalents supporting liquidity and growth initiatives [Results of Operations](index=20&type=section&id=Results%20of%20Operations) The company's operational performance improved dramatically in Q1 2025, with Antimony segment revenue increasing by 140% to $5.9 million due to a 232% rise in average sales price, and Zeolite segment revenue growing 82% to $1.1 million from increased volume and price Antimony Segment Performance | Antimony Segment Performance | Q1 2025 | Q1 2024 | % Change | | :--- | :--- | :--- | :--- | | Revenue | $5,925,848 | $2,469,062 | 140% | | Gross Profit | $2,423,616 | $907,978 | 167% | | Pounds Sold | 362,647 | 502,046 | (28%) | | Avg. Sales Price / lb | $16.34 | $4.92 | 232% | Zeolite Segment Performance | Zeolite Segment Performance | Q1 2025 | Q1 2024 | % Change | | :--- | :--- | :--- | :--- | | Revenue | $1,094,696 | $603,005 | 82% | | Gross Profit (Loss) | $179,086 | ($292,833) | 161% | | Tons Sold | 3,802 | 2,273 | 67% | | Avg. Sales Price / ton | $288 | $265 | 9% | [Capital Resources and Liquidity](index=21&type=section&id=Capital%20Resources%20and%20Liquidity) The company's liquidity position strengthened, with working capital increasing to $20.1 million, supported by $3.2 million in financing activities, and management believes its $18.7 million in cash and equivalents is sufficient for the next 12 months - Working capital increased to **$20.1 million** at March 31, 2025, from **$16.7 million** at December 31, 2024[111](index=111&type=chunk) - Net cash from financing activities in Q1 2025 was **$3,166,123**, driven by proceeds from stock sales (**$2,392,317**) and warrant exercises (**$806,438**)[113](index=113&type=chunk) - The company had cash and cash equivalents of **$18,746,429** as of March 31, 2025, and believes these funds are sufficient to cover requirements for the next 12 months[117](index=117&type=chunk) [Controls and Procedures](index=22&type=section&id=ITEM%204.%20CONTROLS%20AND%20PROCEDURES) Management concluded that the company's disclosure controls and procedures were not effective as of the end of the quarter due to material weaknesses from the small accounting staff, with remediation efforts underway including new management hires - Management concluded that disclosure controls and procedures were not effective as of March 31, 2025[119](index=119&type=chunk) - The ineffectiveness is attributed to material weaknesses due to the small size of the accounting staff[120](index=120&type=chunk) - Remediation efforts include hiring a management-level employee for Sarbanes-Oxley compliance and another for SEC reporting in April 2025[120](index=120&type=chunk) PART II [Risk Factors](index=23&type=section&id=ITEM%201A.RISK%20FACTORS.) The company highlights several key risks, including potential adverse impacts from U.S. trade policy changes, the economic viability of mining exploration given properties lack defined mineral reserves, and the risk that processing ore from new sources may not be profitable - Changes in U.S. trade policies, including tariffs, could adversely impact the business by increasing costs and reducing demand[132](index=132&type=chunk) - A significant risk is that the company's properties do not contain mineral reserves as defined by S-K 1300, which increases the uncertainty and risk of economic and technical failure[132](index=132&type=chunk) - The company faces the risk that processing and selling ore from new suppliers and its own internal sources may not be economically viable[132](index=132&type=chunk) [Other Information Items (Legal, Securities, Mine Safety)](index=22&type=section&id=Other%20Information%20Items) The company confirms it is not a party to any material legal proceedings, reports no recent sales of unregistered securities or defaults on senior securities, and provides mine safety disclosures in Exhibit 95 of the report - The company is not a party to any material legal proceedings[123](index=123&type=chunk) - There were no recent sales of unregistered securities or defaults upon senior securities[126](index=126&type=chunk)[127](index=127&type=chunk) - Mine safety disclosures required by the Dodd-Frank Act are included in Exhibit 95 to the report[128](index=128&type=chunk)

Financial Data and Key Metrics Changes - The company reported record revenues of $14.9 million for fiscal year 2024, representing a 72% increase year-over-year [6][9] - Cost of sales decreased by 5% year-over-year, while gross profit increased to $3.5 million from a loss of $3.3 million in 2023, marking a turnaround of 204% [10][16] - Cash flow improved significantly, moving from a decrease of $7.2 million in 2023 to an increase of $6.3 million in 2024 [16] Business Line Data and Key Metrics Changes - Antimony sales reached $11.1 million in 2024, an increase of 88% compared to 2023, driven by a 60% rise in average prices and a 40% increase in sales volume [11] - Zeolite sales were $2.9 million, up 19% year-over-year, with half of the increase attributed to volume and half to price [14] Market Data and Key Metrics Changes - The reopening of Mexico operations in Q4 2024 was due to increased market prices and demand for antimony, which allowed the company to present these results in continuing operations [8] - The company is now the only US domestic producer of antimony products, having expanded its supplier base from one to three [17] Company Strategy and Development Direction - The company aims to increase antimony intake volumes at both the Thompson Falls and Madero smelters and expand capacity as volumes dictate [53] - Plans include initiating mining activities in Alaska and diversifying into other critical minerals in the US and Canada [56] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning within the critical minerals market, particularly regarding antimony's strategic importance [42] - The company is optimistic about achieving profitability and aims to become a $1 billion company, leveraging its management team's experience [120] Other Important Information - The company has submitted paperwork for federal grants and is in a quiet period regarding updates on this front [49] - Concerns regarding tariffs have been communicated to government officials, but the business has not yet been affected [51] Q&A Session Summary Question: How long to create or build a double capacity system at Thompson Falls? - The company is limited by its footprint but has added another furnace and plans to increase capacity as more material becomes available [58][59] Question: Plans to be involved in the Stibnite antimony project in Idaho? - The company is interested in metallurgically handling their concentrate but is cautious about the timeline for their operations [63][64] Question: Expectations for metals in Canadian leases? - The company believes high-grade cobalt does not exist in isolation and is focused on discovering the extent of mineralization [70][72] Question: Plans to source antimony ore internally? - The company is preparing permit applications for state land in Alaska and intends to start digging in May [76] Question: CapEx involved in Alaska Mining and timeline to become a $1 billion company? - The company is not providing specific estimates on profitability for Q1 but is encouraged by current numbers and maintains a strong cash balance [91][92]

United States Antimony (UAMY) Q4 2024 Earnings Call March 20, 2025 04:15 PM ET Company Participants Gary Evans - CEO & ChairmanRichard Isaak - Senior VP & CFOLloyd Joseph Bardswich - Board Member, EVP and Chief Mining OfficerJonathan Miller - VP of Investor Relations & Global Sales Manager Operator Greetings. Welcome to United States Antimony Corporation Fiscal Year twenty twenty four Financial and Operational Results Meeting. At this time, all participants are in a listen only mode. A question and answer s ...

Financial Performance - Revenues for fiscal year 2024 increased 72% year-over-year to $14.9 million, up from $8.7 million in 2023[3] - Gross profit surged 204% year-over-year to $3.5 million, compared to a loss of $3.3 million in 2023[3] - The company reported a net loss from operations of $1.7 million for 2024, an improvement of $4.6 million from a loss of $6.3 million in 2023[3] - Net loss for the year ended December 31, 2024, was $1,730,404, a significant improvement from a net loss of $6,348,287 in 2023, representing a reduction of approximately 73%[18] - Cash provided by operating activities was $2,220,303 in 2024, compared to cash used of $4,750,026 in 2023, indicating a turnaround in operational cash flow[18] Cash and Assets - Cash and cash equivalents at the end of 2024 stood at $18.2 million, with only $328K in debt[4] - Total cash and cash equivalents at the end of the period increased to $18,270,898 from $11,954,635 in the previous year, marking a growth of approximately 53%[18] - Total assets increased to $34.6 million in 2024, up from $28.1 million in 2023[14] Investments and Financing - Proceeds from the issuance of common stock in 2024 amounted to $2,759,681, contributing positively to financing activities[18] - Cash used in investing activities was $42,073 in 2024, a significant decrease from $1,341,713 in 2023, indicating a more conservative investment approach[18] - Interest paid in cash for the year was $8,869, a slight decrease from $10,521 in 2023, suggesting improved cash management[18] - The company recognized non-cash financing activities including equipment purchased with a note payable valued at $402,722[19] Production and Operations - The zeolite division achieved a 9% increase in sales volume, with production capacity rising from four tons per hour to over twelve tons per hour[8] - The company plans to bring antimony ore from its mining claims in Alaska to Montana in Q3 2025, reducing dependence on foreign sourcing[11] - The Madero Smelter in Mexico is set to become a key contributor to financial results in the remaining three quarters of 2025[10] - The company acquired mining claims and leases in Alaska and Ontario, Canada, and leased a metals concentration facility in Montana in 2024, which could expand operations and product offerings[19] Market Conditions - Antimony prices increased nearly fivefold from $11.575 per metric ton at the end of 2023 to $55,650 per metric ton currently[5] - Forward-looking statements indicate expectations for increased production and potential future revenues, though actual results may differ due to various uncertainties[20][21][22] Guidance and Estimates - The company estimates consolidated revenues for 2025, although specific guidance has not been historically provided[12] - The company reported depreciation and amortization expenses of $1,085,747 in 2024, up from $959,445 in 2023, reflecting increased asset utilization[18]

Revenue and Sales Performance - In 2024, the company reported antimony sales of $11,102,573, an increase of 88% from $5,904,480 in 2023, with pounds sold rising by 5,198,093 pounds[36]. - The average market price of antimony per pound increased to $10.44 in 2024 from $5.50 in 2023, reflecting significant price fluctuations in the Rotterdam market[38]. - The company reported revenue from sales of gold and silver totaling $525,087 in 2024, compared to $326,496 in 2023[36]. - Total revenues for the year ended December 31, 2024, were $14,937,962, representing a 72% increase from $8,693,155 in 2023[230]. - Antimony product revenue increased to $11,471,200 in 2024 from $5,904,480 in 2023, representing a 94% growth[284]. - Domestic revenues rose to $12,572,625 in 2024, up from $6,854,740 in 2023, marking an 83% increase[286]. - Customer A revenue increased to $4,389,735 in 2024 from $1,548,283 in 2023, a growth of 183%[286]. - Total customer revenue as a percentage of total company revenues decreased to 43% in 2024 from 46% in 2023[286]. - The precious metals operations generated revenue of $525,087 in 2024, up from $326,496 in 2023[344]. Financial Position and Performance - Gross profit for 2024 was $3,466,918, compared to a gross loss of $3,344,784 in 2023, indicating a significant turnaround[230]. - Total current assets increased to $20,678,569 in 2024 from $14,076,206 in 2023, a growth of approximately 47%[229]. - Total assets rose to $34,642,602 in 2024, up from $28,094,995 in 2023, reflecting an increase of about 23%[229]. - Current liabilities surged to $4,006,389 in 2024, compared to $897,458 in 2023, marking a substantial increase of approximately 346%[229]. - Net loss for 2024 was $1,737,904, an improvement from a net loss of $6,355,787 in 2023[230]. - The company reported a basic net loss per share of $0.02 for 2024, compared to $0.06 in 2023[230]. - Total stockholders' equity increased to $28,600,673 in 2024 from $25,520,968 in 2023, a rise of about 8%[229]. - The net loss for the year ended December 31, 2024, was $1,730,404, a significant improvement compared to a net loss of $6,348,287 in 2023, representing a reduction of approximately 73.3%[45]. - Cash provided by operating activities increased to $2,220,303 in 2024, compared to cash used of $4,750,026 in 2023, indicating a turnaround in operational cash flow[45]. - The company reported a net cash increase of $6,316,263 in cash and cash equivalents at the end of 2024, compared to a decrease of $7,163,031 in 2023[45]. Operational Developments - The company acquired mining claims and leases in Alaska and Ontario, Canada, in 2024, aiming to expand operations and product offerings[23]. - The company plans to restart operations at its Madero facility in Mexico due to increased demand and market prices for antimony, reversing an earlier decision to sell its USAMSA subsidiary[24]. - The company has renewed its annual contract with a Canadian supplier for ore supply for its Montana smelting facility for 2025[32]. - The company has not yet commenced active operations in Alaska, Ontario, or its leased facility in Philipsburg, Montana[28]. - The company is in the process of completing a technical report summary for its zeolite mine, which includes test hole drilling and expert evaluation[22]. - The company has extended its existing mineral property lease in Preston, Idaho, for an additional 10 years[25]. - The company executed an option agreement in January 2025 to acquire 120 mining claims in Alaska for a total of $3,000,000, with payments scheduled from 2025 to 2030[347]. - The Fairbanks Agreement includes a commitment to spend $2,250,000 on exploration and development over five years, with specific milestones[348]. Asset Management and Liabilities - The company has about $100,000 in financial assurances for reclamation company-wide, primarily in the form of surety bonds[52]. - The company recorded a write-down of inventory to net realizable value of $65,647 in 2024, a significant decrease from $2,073,404 in 2023, suggesting improved inventory management[45]. - The company’s accounts payable increased by $1,088,773 in 2024, compared to a decrease of $171,868 in 2023, indicating a shift in payment strategies[45]. - The accrued liabilities balance at December 31, 2024, is $1.4 million, consisting of $1.2 million in accrued compensation and $0.2 million in miscellaneous accrued liabilities, compared to $0.1 million in 2023[258]. - Long-term debt rose to $327,677 in 2024 from $28,443 in 2023, with a current portion of $132,252 due in 2025[304]. - The asset retirement obligation increased from $1,638,027 in 2023 to $1,711,108 in 2024, with an accretion expense of $73,081 recorded in 2024[303]. Shareholder and Equity Information - The company has cumulative dividends in arrears on Series B preferred stock amounting to $225,000 as of December 31, 2024, compared to $217,500 in 2023[336]. - The company has a maximum of 8,700,000 shares available for issuance under the 2023 Equity Incentive Plan approved in December 2023[323]. - For the year ended December 31, 2024, the company recognized a total share-based compensation expense of $568,588, with $219,968 from stock options and $348,620 from RSUs[324]. - The company granted 4,330,000 stock options during the year ended December 31, 2024, with a weighted average exercise price of $0.23 and an intrinsic value of $6,652,700[330]. - The company issued 2,204,000 shares of common stock related to the exercise of warrants during the fourth quarter of 2024, generating gross proceeds of $1,481,840 at a weighted average exercise price of $0.67[332]. - The company issued 400,000 shares of common stock related to warrant exercises, receiving gross proceeds of $340,000 at a weighted average exercise price of $0.85[354]. Compliance and Accounting - The financial statements for the years ended December 31, 2024 and 2023 present fairly the financial position of the company in conformity with accounting principles generally accepted in the U.S.[222]. - The company has no significant off-balance sheet arrangements[220]. - The company has no financial assets or liabilities adjusted to fair value on a recurring basis as of December 31, 2024, and 2023[273]. - The company adopted ASU 2023-07 for its fiscal year ended December 31, 2024, which enhances segment reporting disclosures[276][277]. - The company is currently evaluating the impact of ASU 2023-09 on its consolidated financial statements and disclosures, effective for fiscal years beginning after December 15, 2024[278]. - The company does not believe that issued but not yet effective accounting pronouncements would have a material effect on its financial statements[280].

Core Viewpoint - United States Antimony Corporation (USAC) has announced an exclusive option agreement to acquire a third group of antimony mining claims in Alaska, which is expected to enhance its resource base and production capabilities [1] Group 1: Acquisition Details - The exclusive option agreement allows USAC to acquire additional antimony mining claims, which are crucial for expanding its operations in the antimony sector [1] - This acquisition is part of USAC's strategy to secure more resources and strengthen its position in the antimony market [1] Group 2: Industry Implications - The acquisition aligns with the growing demand for antimony, a critical mineral used in various applications, including flame retardants and batteries [1] - By increasing its resource base, USAC is positioning itself to capitalize on the anticipated rise in antimony prices due to supply constraints and increasing industrial demand [1]

Financial Results - United States Antimony Corporation reported its financial results for Q3 and the nine months ended September 30, 2024[4]. - Financial results include key metrics that will be detailed in the press release, which is referenced as Exhibit 99.1[4]. Company Information - The company is listed on NYSE American under the trading symbol UAMY[2]. - The press release detailing the financial results was issued on November 12, 2024[4]. - The company is not classified as an emerging growth company[3]. - The report was signed by Richard R. Isaak, SVP and Chief Financial Officer[5].

Company Operations - The Company shut down operations of its USAMSA subsidiary on March 11, 2024, and plans to sell it over the next year[93]. - The Company has initiated an active search for buyers of its USAMSA operations and/or assets following the shutdown[103]. - The company shut down its USAMSA subsidiary on March 11, 2024, due to cumulative losses since inception[142]. - The company is focused on generating positive cash flow through operational reviews and strategic acquisitions[142]. Market Position - The Company estimates its share of the domestic market for antimony oxide products is approximately 4% and less than 1% in the international market[101]. - The Company is the only significant U.S. producer of antimony products, with a competitive edge due to its domestic processing capabilities[101]. - The Company has relied on foreign sources for antimony ore since 1983, with ongoing procurement from an existing supplier in Canada[100]. Financial Performance - For the three months ended September 30, 2024, total revenues increased to $2,421,020 from $2,063,558 for the same period in 2023, representing a growth of 17.3%[114]. - Antimony revenue for the nine months ended September 30, 2024, was $5,381,803, an increase of $1,025,726 or 23.5% compared to $4,356,077 in the prior year[119]. - Gross profit for antimony for the nine months ended September 30, 2024, increased by $1,210,979, or 119.9%, to $2,221,383 compared to $1,010,404 in the same period of 2023[120]. - Zeolite revenue for the nine months ended September 30, 2024, was $2,280,338, an increase of $339,329 or 17.5% from $1,941,009 in the prior year[122]. - Precious metals revenue for the three months ended September 30, 2024, was $399,433, a significant increase from a loss of $5,854 in the same period of 2023[124]. - For the nine months ended September 30, 2024, precious metals revenue was $404,049, up 66.7% from $242,433 in the prior year[126]. - Revenue for the nine months ended September 30, 2024, increased to $8,066,190, a 23.3% increase from $6,539,519 in the same period of 2023[137]. - Gross profit rose significantly by 107.5% to $2,157,313 compared to $1,039,810 in the prior year[137]. Cost and Expenses - The average sales price per ton of zeolite decreased by 12.0% to $262 for the three months ended September 30, 2024, compared to $298 in the same period of 2023[121]. - The average cost per pound of antimony increased by 51.5% to $4.08 for the three months ended September 30, 2024, compared to $2.69 in the same period of 2023[118]. - Total operating expenses for the consolidated entity increased by 104.3% to $1,270,811 for the three months ended September 30, 2024, compared to $622,139 in 2023[133]. - Total operating expenses surged by 116.0% to $3,284,706, up from $1,521,000, leading to a loss from operations of $1,127,393[137]. Cash Flow and Assets - Net cash provided by operating activities improved by $1,579,764, reaching $884,032 for the nine months ended September 30, 2024, compared to a cash outflow of $695,732 in 2023[138]. - Cash flow used by investing activities improved by $1,479,106, resulting in a cash outflow of $141,708 for the nine months ended September 30, 2024[140]. - Cash flow used by financing activities improved by $786,640, with a net outflow of $71,139 for the nine months ended September 30, 2024[141]. - As of September 30, 2024, the company had cash and cash equivalents of $12,969,132, which are expected to cover cash requirements for the next 12 months[145]. - Total assets as of September 30, 2024, were $23,560,877, an increase from $21,547,455 as of December 31, 2023[117]. - The accumulated deficit increased to $(40,266,104) as of September 30, 2024, from $(39,418,619) as of December 31, 2023[117]. EBITDA and Profitability - EBITDA from continuing operations was a loss of $306,853 for the nine months ended September 30, 2024, compared to a profit of $342,071 for the same period in 2023[129]. - EBITDA for the antimony segment was a loss of $653,612 for the three months ended September 30, 2024, compared to a profit of $218,693 in 2023[129]. - Income (loss) from operations for the consolidated entity was a loss of $845,043 for the three months ended September 30, 2024, compared to a loss of $363,731 in 2023, representing a 132.3% increase in losses[133]. - Gross profit for the consolidated entity was $425,768 for the three months ended September 30, 2024, a 64.8% increase from $258,408 in 2023[133].

Company Overview - United States Antimony Corporation (USAC) is involved in the processing and sale of antimony, zeolite, and precious metals products in the U.S. and Canada [4] - The company processes antimony ore into various products including antimony oxide, antimony metal, and antimony trisulfide, which have applications in flame retardants, batteries, and ammunition [4] - USAC also mines and processes zeolite, which is used in environmental applications such as water filtration and soil amendment [4] Conference Participation - USAC will participate in the ThinkEquity Conference on October 30, 2024, at the Mandarin Oriental Hotel in New York [1] - Gary C. Evans, Chairman and co-CEO, will present at 8:00 a.m. ET, and the management team will hold one-on-one investor meetings throughout the day [2] ThinkEquity Conference Details - ThinkEquity is a boutique investment bank that has collectively financed over $50 billion in public and private capital raises, restructurings, and mergers and acquisitions [3] - The conference has previously featured over 70 company presentations and 700+ attendees, providing a platform for companies and investors to connect [3]