Financial Performance - Revenues for the first quarter of 2024 increased by 28% compared to the same period last year, with gross profit dollars more than doubling [8]. - Cash provided by operating activities from continuing operations was $350,000, with total cash flow from continuing operations at $327,000 [8]. - The cash balance at March 31, 2024, was $11.9 million, reflecting a modest increase in the cash position [15]. - Operating expenses increased by approximately $577,000 in the first quarter, with $200,000 attributed to front-loaded stock compensation and audit/legal fees [19]. - The company experienced a significant production loss, with a third of its production capacity affected in one quarter, impacting cash flow [39]. - The management is optimistic about the second quarter's performance, expecting improved numbers and potential profitability [39]. - The management is optimistic about the company's future, projecting larger revenues and higher market capitalization within the next 12 months [57]. Market Conditions - Antimony market price rose to approximately $7.44 per pound, a 40% increase since the end of 2023, marking the highest price in over five years [17]. - Significant inquiries for antimony oxide have been received, indicating a severe market shortage, with sales prices ranging from $6.75 to $7 per pound [30]. - The company sold more antimony and zeolite in the first quarter compared to the previous year, with zeolite inventory down by about 20% and antimony inventory down by about 50% [16]. Strategic Initiatives - The company is actively leasing new antimony properties in the U.S. to meet increasing demand due to reduced global supply from China and Russia [29]. - A drone survey and an ore definition drilling program are scheduled to enhance the mining and reclamation plan for the Bear River Zeolite operation [25]. - The company plans to file a Universal Shelf Registration statement in July, alongside an Annual Shareholder Meeting [32]. - The filing of a universal shelf in July provides financial flexibility for potential acquisitions or capital raising opportunities [49][50]. - The company is exploring new hard mineral opportunities, which are considered critical minerals, in addition to antimony and zeolite [47][48]. Asset Management - The company is in the final stages of engaging a broker to market its Mexican assets, with higher-than-expected land valuations noted [45][46]. - There is no royalty from BLM lands, but a royalty agreement exists with Webster Ranch for materials processed from BLM onto their property [43]. Investor Relations - The company is actively marketing its stock to institutional investors, with recent interest from individuals managing between $40 million and $2 billion in capital [41]. - Zeolite is currently in a loss position, with ongoing efforts to improve profitability despite challenges from older machinery and equipment [38]. - The company aims to significantly contribute to U.S. antimony needs, contingent on securing government funding for development [59].

Operations and Strategic Changes - The Company has shut down operations of its USAMSA subsidiary and plans to sell its assets over the next year[87]. - The Company has initiated an active search for buyers or leasing opportunities for its USAMSA operations and assets[87]. - The company shut down its USAMSA entity on March 11, 2024, due to cumulative losses and plans to sell its operations or assets over the next year[113]. Market Position and Revenue - The Company estimates its share of the domestic market for antimony oxide products is approximately 4% and less than 1% for the international market[86]. - The Company is the only significant U.S. producer of antimony products and has the only operating, permitted antimony smelter in the U.S.[89]. - Antimony revenue increased by $615,746, or 38.2%, reaching $2,228,385, primarily due to increased demand for antimony oxide and metal[100]. - Consolidated revenue for the three months ended March 31, 2024, was $2,831,390, an increase of 28.1% compared to $2,210,844 for the same period in 2023[110]. Financial Performance - Gross profit for the same period increased to $822,904, representing a 108.4% increase from $394,843 in the prior year[110]. - Net income from continuing operations decreased to $86,101, down 70.7% from $293,381 in the previous year[110]. - Gross profit for antimony segment rose significantly to $1,121,591, a 339.6% increase from $255,158 in the same quarter of 2023[100]. - Zeolite revenue increased by $120,912, or 25.1%, totaling $603,005, despite a gross loss of $292,833 compared to a profit of $29,427 in the previous year[102]. - EBITDA for the three months ended March 31, 2024, was $192,899, a decrease from $366,312 in the same period of 2023[106]. - The company’s EBITDA for the consolidated period was $192,899, a decrease of 47.3% compared to the previous year[111]. Cost and Expenses - Total operating expenses increased significantly to $891,650, up 183.1% from $314,967 in the prior year[110]. - The average sales price per pound of antimony decreased by 9.2% to $4.27, while the average cost per pound dropped by 46.4% to $2.12[100]. Cash Flow and Financial Position - For the three months ended March 31, 2024, net cash provided by operating activities was $350,225, an improvement of $1,419,199 compared to the same period in 2023[112]. - As of March 31, 2024, the company had cash and cash equivalents of $11,941,298, which is expected to cover cash requirements for the next 12 months[116]. - Working capital increased to $13,043,414 as of March 31, 2024, compared to $12,963,081 as of March 31, 2023[111]. - Cash flow used by investing activities improved by $499,171 for the three months ended March 31, 2024, primarily due to fewer fixed asset purchases[112]. - Cash flow used by financing activities improved by $789,479 for the three months ended March 31, 2024, mainly due to a dividend payment of $787,730 made on January 25, 2023[112]. Operational Challenges and Future Outlook - The Company has faced operational challenges due to inflation on costs and competitive technology positions[80]. - The company is focused on generating positive cash flow to fund its mission of profitable growth through organic means and strategic acquisitions[113]. - The Company is exploring Mexico and Central America for suppliers of antimony ore, assuming economics are profitable[85]. Internal Controls and Compliance - Management identified material weaknesses in disclosure controls due to the small size of the accounting staff, which may hinder adequate controls in the future[118]. - There have been no changes in internal controls over financial reporting that materially affected the company during the quarter ended March 31, 2024[119]. Mineral Resources and Technical Reports - The Company has not yet prepared a technical report summary for the Bear River Zeolite property regarding its mineral resources[81]. - The zeolite segment produces zeolite used for various applications, including water filtration and sewage treatment[90]. - The annual royalty payment for the zeolite lease is the greater of $60,000 or a tiered payment based on tonnage sold[91]. - The precious metals segment recovers precious metals in conjunction with antimony processing, primarily from a Canadian supplier[95].

United States Antimony Corporation (NYSE:UAMY) Q4 2023 Results Conference Call April 17, 2024 4:15 PM ET Company Participants Gary C. Evans - Lead Director Rick Isaak - Senior VP and Chief Financial Officer Joe Bardswich - Board member & Co-CEO Operator Greetings. Welcome to the United States Antimony Corporation Calendar Year 2023 Results Webcast. [Operator Instructions] Please note, this conference is being recorded. I will now turn the conference over to your host, Gary C. Evans, you may begin. Gary C. E ...

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, 2023 ☐ 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 ( ...

Revenue Performance - Total revenue for the three months ended September 30, 2023 was $2,313,491, a decrease from $2,463,984 in the same period in 2022[23] - Total revenue for the nine months ended September 30, 2023 was $7,027,908, a decrease from $9,624,611 in the same period in 2022[23] - Revenue for the three months ended September 30, 2023 was $2,463,984, compared to $2,313,491 for the same period in 2022, representing a 6.5% increase[69] - Revenue for the nine months ended September 30, 2023 was $7,027,908, compared to $9,624,611 for the same period in 2022, representing a 27.0% decrease[69] - Revenue for the three months ended September 30, 2023 decreased to $2,313,491, a 6.1% decline compared to $2,463,984 in the same period in 2022[81] Antimony Sales - Antimony sales for the three months ended September 30, 2023 were $1,641,666, a slight decrease from $1,671,301 in the same period in 2022[23] - Antimony sales for the nine months ended September 30, 2023 were $4,844,466, a significant decrease from $6,972,312 in the same period in 2022[23] - Antimony revenue decreased by $29,635 (1.8%) for the three months ended September 30, 2023, primarily due to a 26.1% decline in average sales price per pound[72] - Antimony revenue for the three months ended September 30, 2023, decreased by 1.8% to $1,641,666 compared to $1,671,301 in 2022, primarily due to a 26.1% decline in average sales price per pound[72] Zeolite Sales - Zeolite sales for the three months ended September 30, 2023 were $671,825, a decrease from $792,683 in the same period in 2022[23] - Zeolite sales for the nine months ended September 30, 2023 were $1,941,009, a decrease from $2,487,116 in the same period in 2022[23] - Zeolite revenue for the three months ended September 30, 2023 was $671,825, a 15.2% decrease compared to $792,683 for the same period in 2022[74] - Zeolite revenue decreased by $546,107 (22.0%) for the nine months ended September 30, 2023, primarily due to a 22.5% decrease in tons sold caused by equipment failure[76] - Zeolite revenue for the nine months ended September 30, 2023, decreased by 22.0% to $1,941,009 compared to $2,487,116 in 2022, primarily due to a 22.5% decrease in tons sold[76] Precious Metals Sales - Precious metals sales for the nine months ended September 30, 2023 were $242,433, an increase from $165,183 in the same period in 2022[23] - Precious metals revenue for the nine months ended September 30, 2023 was $242,433, a 46.8% increase compared to $165,183 for the same period in 2022[78] - Precious Metals segment revenue increased by $77,250 (46.8%) for the nine months ended September 30, 2023 compared to the same period in 2022[83] - Precious Metals segment revenue for the nine months ended September 30, 2023, increased by 46.7% to $242,433 compared to $165,183 in 2022[83] Financial Position - Trade accounts receivable balance was $1,390,437 at September 30, 2023, an increase from $784,457 at December 31, 2022[23] - Allowance for doubtful accounts related to trade accounts receivables was $75,000 at September 30, 2023, an increase from $31,440 at December 31, 2022[23] - Inventories at September 30, 2023 were $1,876,555, an increase from $1,375,068 at December 31, 2022[26] - Total debt as of September 30, 2023, was $241,956, with principal payments due as follows: $62,064 in 2024, $12,998 in 2025, $13,293 in 2026, and $153,601 in 2027[32] - Royalties payable decreased to $107,937 as of September 30, 2023, from $435,075 at December 31, 2022, due to the finalization of estimates and payment of a royalty obligation[35] - Total assets decreased to $30,926,730 as of September 30, 2023, from $34,700,450 at December 31, 2022[48] - Working capital decreased to $15,349,110 as of September 30, 2023, compared to $19,397,489 as of December 31, 2022[84] - Total assets as of September 30, 2023, decreased to $30,926,730 from $34,700,450 as of December 31, 2022[71] - Accumulated deficit as of September 30, 2023, increased to $(35,858,309) from $(33,070,332) as of December 31, 2022[71] Operational Performance - The company's Mexican antimony operations reported a loss from operations of $(1,465,000) for the three months ended September 30, 2023[49] - Total capital expenditures for the nine months ended September 30, 2023, were $1,519,720, with $1,275,549 allocated to zeolite operations[49] - The company's zeolite operations generated total revenues of $1,941,009 for the nine months ended September 30, 2023[49] - The company's smelter in Coahuila has a maximum processing capacity of approximately 32,600 pounds of antimony ore per day[64] - The company estimates its share of the domestic market for antimony oxide products is approximately 4%, while its international market share is less than 1%[63] - The company's zeolite has a high cation exchange capacity (CEC) of approximately 180-220 meq/100 gr, making it one of the best zeolites in the world[66] - Royalties on zeolite sales vary from 8% to 13% of sales, with additional payments required under the Zeolite LLC lease[65] Profitability - Gross profit for the three months ended September 30, 2023 was $430,918, compared to a loss of $1,061,072 for the same period in 2022[69] - Gross profit for the nine months ended September 30, 2023 was $2,285,112, compared to a loss of $1,300,595 for the same period in 2022[69] - Zeolite gross profit for the three months ended September 30, 2023 was a loss of $350,370, compared to a profit of $129,358 for the same period in 2022, representing a 370.9% decrease[74] - Precious metals gross profit for the nine months ended September 30, 2023 was $159,414, a 93.7% increase compared to $82,316 for the same period in 2022[78] - The company's net loss for the nine months ended September 30, 2023, was $(2,787,977), compared to net income of $1,190,273 for the same period in 2022[49][50] - Net loss for the three months ended September 30, 2023 was $1,644,528, a significant decline from a net income of $50,402 in the same period in 2022[81] - Company-wide EBITDA for the nine months ended September 30, 2023 was $(2,065,050), a significant decline from $1,894,533 in the same period in 2022[83] Cash Flow - Cash flow used by investing activities decreased to $1,519,720 for the nine months ended September 30, 2023, compared to $13,685,072 in the same period in 2022[86] - Cash flow used by financing activities increased by $815,699 to $857,779 for the nine months ended September 30, 2023, primarily due to the payment of dividends of $787,730 on January 25, 2023[87] - Cash flow used by financing activities increased by $815,699 to $857,779 for the nine months ended September 30, 2023, compared to $42,080 for the same period in 2022[87] Dividends and Debt - The company paid $787,730 in dividends to holders of Series D Preferred stock, with $740,261 related to the estate of John Lawrence[42] - Total debt as of September 30, 2023, is $241,956, with principal payments due as follows: $62,064 in 2024, $12,998 in 2025, $13,293 in 2026, and $153,601 in 2027[32] Legal and Regulatory - The company's updated SAT assessment as of September 30, 2023, was approximately $22 million pesos ($1,262,000 USD), comprising $343,000 of unpaid income taxes and $919,000 of interest and penalties[40] - Bear River Zeolite Company received twelve significant and substantial citations from MSHA in September and October 2023, with four citations still pending resolution[34] Asset Disposal - The company terminated the Wadley Property agreement, expecting a loss on disposal of assets of approximately $130,000 in Q4 2023[36] Market and Capacity - Ounces of gold sold for the nine months ended September 30, 2023 was 24.30, a 13.8% increase compared to 21.35 for the same period in 2022[78] - Ounces of silver sold for the nine months ended September 30, 2023 was 15,074, an 84.4% increase compared to 8,175 for the same period in 2022[78] - Tons of zeolite sold decreased by 30.9% to 2,254 tons in the three months ended September 30, 2023 compared to 3,264 tons in the same period in 2022[74]

COMMISSION FILE NUMBER 001-08675 UNITED STATES ANTIMONY CORPORATION UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 Or 15(d) Of The Securities Exchange Act of 1934 For the quarterly period ended June 30, 2023 ☐ Transition Report Under Section 13 Or 15(d) Of The Securities Exchange Act of 1934 For the transition period ________ to ________ (Exact name of registrant as specified in its charter) Montana 81-0305822 (State or ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 Or 15(d) Of The Securities Exchange Act of 1934 For the quarterly period ended March 31, 2023 ☐ 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 ...

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, 2022 ☐ 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) ☒ Quarterly Report Pursuant to Section 13 Or 15(d) Of The Securities Exchange Act of 1934 For the quarterly period ended September 30, 2022 ☐ 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 small business issuer as specified in its charter) (State or oth ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 Or 15(d) Of The Securities Exchange Act of 1934 For the quarterly period ended June 30, 2022 ☐ 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 small business issuer as specified in its charter) Montana 81-0305822 ...