UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-08675 UNITED STATES ANTIMONY CORPORATION (Exact name of Registrant as specified in its charter) Montana 81-0305822 (State or other ...

PART I – FINANCIAL INFORMATION [Item 1: Financial Statements (unaudited)](index=3&type=section&id=Item%201%3A%20Financial%20Statements%20%28unaudited%29) The unaudited Q1 2020 financial statements report a **$308,882 net loss**, negative working capital, and an accumulated deficit, raising substantial doubt about the company's going concern [Consolidated Balance Sheets](index=3&type=section&id=Consolidated%20Balance%20Sheets) As of March 31, 2020, total assets slightly decreased to **$13.43 million**, with stockholders' equity declining to **$8.22 million** and negative working capital of approximately **$2.8 million** Consolidated Balance Sheet Summary (Unaudited) | Balance Sheet Items | March 31, 2020 | December 31, 2019 | | :--- | :--- | :--- | | **Total Current Assets** | $1,149,865 | $1,279,755 | | **Total Assets** | $13,431,992 | $13,693,975 | | **Total Current Liabilities** | $3,939,675 | $3,975,681 | | **Total Liabilities** | $5,211,232 | $5,226,833 | | **Total Stockholders' Equity** | $8,220,760 | $8,467,142 | - The company reported **negative working capital of approximately $2.8 million** as of March 31, 2020[19](index=19&type=chunk) [Consolidated Statements of Operations](index=5&type=section&id=Consolidated%20Statements%20of%20Operations) For Q1 2020, revenues decreased to **$1.74 million**, but the company achieved a **gross profit of $101,177** and reduced its net loss to **$308,882** year-over-year Consolidated Statement of Operations Summary (Unaudited) | Metric | Q1 2020 | Q1 2019 | | :--- | :--- | :--- | | **Revenues** | $1,742,991 | $2,456,365 | | **Gross Profit (Loss)** | $101,177 | $(69,053) | | **Income (Loss) from Operations** | $(302,946) | $(683,767) | | **Net Loss** | $(308,882) | $(707,460) | | **Net Loss per Share** | Nil | $(0.01) | [Consolidated Statements of Cash Flows](index=7&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operating activities improved to **$36,265** in Q1 2020, while investing activities used **$96,271**, resulting in an overall **$92,438 decrease** in cash and cash equivalents Cash Flow Summary (Unaudited) | Cash Flow Activity | Q1 2020 | Q1 2019 | | :--- | :--- | :--- | | **Net cash used by operating activities** | $(36,265) | $(85,590) | | **Net cash provided (used) by investing activities** | $(96,271) | $87,432 | | **Net cash provided (used) by financing activities** | $40,098 | $(14,988) | | **Net decrease in cash and cash equivalents** | $(92,438) | $(13,146) | [Notes to Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Significant notes to the financial statements indicate substantial doubt about the company's going concern due to recurring losses and negative working capital, alongside details on revenue streams, a Mexican tax assessment, and a subsequent PPP loan - The company's financial statements show **negative working capital of approximately $2.8 million** and an **accumulated deficit of $29.7 million**, indicating substantial doubt about its ability to continue as a going concern[19](index=19&type=chunk) Sales by Product (Q1 2020 vs Q1 2019) | Product | Q1 2020 Sales | Q1 2019 Sales | | :--- | :--- | :--- | | Antimony | $1,121,425 | $1,705,823 | | Zeolite | $559,360 | $726,015 | | Precious metals | $62,206 | $24,527 | - The Mexican tax authority (SAT) assessed the company approximately **$696,000 USD** for the 2013 tax year, which the company has appealed believing the findings have no merit[46](index=46&type=chunk)[47](index=47&type=chunk) - An advance payable balance of **$1,134,221** to Hillgrove Mines includes **$378,074** classified as current, anticipating a potential stop notice in 2020 that would trigger repayment[51](index=51&type=chunk) - Subsequent to quarter end, on April 22, 2020, the company received a **$443,400 loan** under the Paycheck Protection Program (PPP)[58](index=58&type=chunk) [Item 2: Management's Discussion and Analysis of Results of Operations and Financial Condition](index=16&type=section&id=Item%202%3A%20Management%27s%20Discussion%20and%20Analysis%20of%20Results%20of%20Operations%20and%20Financial%20Condition) Management attributes the **Q1 2020 net loss of $308,882** to supply issues and lower antimony prices, while focusing on cost reduction and anticipating improved cash flow from new precious metals operations, despite ongoing COVID-19 and going concern risks - Operational changes implemented to mitigate COVID-19 spread could adversely impact results, with the full financial impact remaining uncertain[59](index=59&type=chunk) Company-Wide Performance (Q1 2020 vs Q1 2019) | Metric | Q1 2020 | Q1 2019 | | :--- | :--- | :--- | | **Gross Revenue** | $1,742,991 | $2,456,365 | | **Net Loss** | $(308,882) | $(707,460) | | **EBITDA** | $(82,601) | $(484,187) | - The company's ability to continue as a going concern is in doubt due to **negative working capital ($2.8 million)**, an **accumulated deficit ($29.7 million)**, and a history of losses[76](index=76&type=chunk) - Management anticipates improved cash flow in the second half of 2020 from precious metals sales extracted from the new Mexican leach circuit[78](index=78&type=chunk) [Antimony Segment Performance](index=17&type=section&id=Antimony%20Segment%20Performance) The antimony segment experienced a significant downturn in Q1 2020, with sales volume decreasing by **33%** and average prices falling **20%**, resulting in a **net loss of $482,629** despite improved cost control Antimony Sales and Pricing (Q1 2020 vs Q1 2019) | Metric | Q1 2020 | Q1 2019 | | :--- | :--- | :--- | | **Total Lbs of Antimony Metal Sold** | 295,453 Lbs | 443,148 Lbs | | **Average Sales Price/Lb Metal** | $3.06/Lb | $3.85/Lb | | **Total Revenue** | $1,121,425 | $1,705,823 | | **Net Loss - Antimony** | $(482,629) | $(874,426) | [Precious Metals Segment Performance](index=17&type=section&id=Precious%20Metals%20Segment%20Performance) The precious metals segment showed strong growth in Q1 2020, with revenue increasing to **$62,206** and net income rising to **$38,608**, as the company prepares for pilot production from its Los Juarez project in Q3 2020 Precious Metals Sales (Q1 2020 vs Q1 2019) | Metric | Q1 2020 | Q1 2019 | | :--- | :--- | :--- | | **Gold Ounces Sold** | 15 Ounces | 6 Ounces | | **Silver Ounces Sold** | 5,048 Ounces | 1,724 Ounces | | **Gross Revenue** | $62,206 | $24,527 | | **Net Income** | $38,608 | $7,516 | - The cyanide leach plant at Puerto Blanco is scheduled to begin pilot production of gold, silver, and antimony from the Los Juarez project in **Q3 2020**[69](index=69&type=chunk) [Bear River Zeolite (BRZ) Segment Performance](index=17&type=section&id=Bear%20River%20Zeolite%20%28BRZ%29%20Segment%20Performance) The Bear River Zeolite (BRZ) segment experienced a **27% decrease in sales volume** in Q1 2020, but net income remained relatively stable at **$135,139** due to an increased average sales price per ton Zeolite Performance (Q1 2020 vs Q1 2019) | Metric | Q1 2020 | Q1 2019 | | :--- | :--- | :--- | | **Tons Sold** | 2,809 Tons | 3,841 Tons | | **Average Sales Price/Ton** | $199.13/Ton | $189.02/Ton | | **Gross Zeolite Revenue** | $559,360 | $726,015 | | **Net Income - Zeolite** | $135,139 | $159,450 | [Item 3: Quantitative and Qualitative Disclosure about Market Risk](index=21&type=section&id=Item%203%3A%20Quantitative%20and%20Qualitative%20Disclosure%20about%20Market%20Risk) No quantitative or qualitative disclosures regarding market risk were provided for the reporting period - No disclosure about market risk was reported[80](index=80&type=chunk) [Item 4: Controls and Procedures](index=21&type=section&id=Item%204%3A%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were ineffective as of March 31, 2020, due to material weaknesses in internal control design, monitoring, and segregation of duties, with remediation plans underway - As of March 31, 2020, the company's disclosure controls and procedures were determined to be **ineffective** due to material weaknesses[80](index=80&type=chunk) - Identified material weaknesses include inadequate design of internal control over financial statement preparation, insufficient monitoring of controls over significant accounts, and an absence of proper segregation of duties with ineffective management oversight[82](index=82&type=chunk) PART II – OTHER INFORMATION [Item 1: Legal Proceedings](index=22&type=section&id=Item%201%3A%20Legal%20Proceedings) No legal proceedings were reported during the period - There are no legal proceedings to report[83](index=83&type=chunk) [Item 2: Unregistered Sales of Equity Securities and Use of Proceeds](index=22&type=section&id=Item%202%3A%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No unregistered sales of equity securities were reported - There were no unregistered sales of equity securities[83](index=83&type=chunk) [Item 3: Defaults upon Senior Securities](index=22&type=section&id=Item%203%3A%20Defaults%20upon%20Senior%20Securities) The company reported no defaults upon senior securities as it has no outstanding senior securities - The registrant has no outstanding senior securities[83](index=83&type=chunk) [Item 4: Mine Safety Disclosures](index=22&type=section&id=Item%204%3A%20Mine%20Safety%20Disclosures) Mine safety disclosures, including violations and regulatory matters, are provided in Exhibit 95 of the Annual Report - Mine safety disclosures are included in Exhibit 95 to the Annual Report[84](index=84&type=chunk) [Item 6: Exhibits and Reports on Form 8-K](index=22&type=section&id=Item%206%3A%20Exhibits%20and%20Reports%20on%20Form%208-K) No Reports on Form 8-K were filed during the quarter - No Reports on Form 8-K were filed during the period[85](index=85&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2019 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-08675 UNITED STATES ANTIMONY CORPORATION (Exact name of registrant as specified in its charter) | Montana | | 81-0305822 | | --- | --- | --- | | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period _______ to _______ Commission file number 001-08675 Indicate by check mark whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period _______ to _______ Commission file number 001-08675 UNITED STATES ANTIMONY CORPORATION (Exact name of registrant as specified in its charter) | Montana | 81-0305822 | | --- | --- ...

United States Antimony Corporation (NYSE:UAMY) Q1 2019 Earnings Conference Call May 15, 2019 4:15 PM ET Company Participants John Lawrence – President and Chief Executive Officer Dan Parks – Chief Financial Officer Leo Jackson – Logistics Manager John Gustavsen – Executive Vice President-R&D Russell Lawrence – Executive Director-Latin America Matt Keane – Director Sales Conference Call Participants Richard Good – Individual Investor Mark Menzel – Sunrise Wealth Partners William Bert – Bert Management Operat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period __________ to___________ Commission file number 001-08675 UNITED STATES ANTIMONY CORPORATION (Exact name of registrant as specified in its charter) | Montana | 81-0305822 | | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) [X] ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period ________ to _____________ Commission file number 001-08675 UNITED STATES ANTIMONY CORPORATION (Exact name of registrant as specified in its charter) Montana 81-0305822 (State or o ...