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United States Antimony (UAMY) - 2025 Q2 - Earnings Call Transcript
2025-08-12 21:15
Financial Data and Key Metrics Changes - Revenues for the first six months of 2025 increased by 160% year over year, reaching $17.5 million, which is $3 million more than the entire 2024 fiscal year [3][5] - Gross profit rose by 183% year over year to $5.2 million, driven by higher average sales prices in both antimony and zeolite businesses [4][6] - Net income for the first half of 2025 was $728,000, up 707% year over year from a loss of $120,000 in the same period last year [4][13] Business Line Data and Key Metrics Changes - Antimony business revenues increased by 203% year over year, contributing $10.4 million to the overall revenue growth, with average sales price rising from about $6 per pound to approximately $22 per pound [5][6] - Zeolite business revenues grew by 24% year over year, with 60% of the increase attributed to higher volume and 40% to higher prices [5] Market Data and Key Metrics Changes - The company reported a significant increase in antimony ore supply, with the supplier delivering twice as much ore compared to the previous year, particularly in the second quarter [10][12] - Inventory levels increased by $5.6 million due to the rise in antimony inventory, indicating strong demand and supply chain adjustments [9][12] Company Strategy and Development Direction - The company is focused on expanding its antimony processing capacity and has increased its staff and supplier relationships to support this growth [12][13] - Strategic acquisitions of mining claims and properties in Alaska, Montana, and Canada are aimed at positioning the company for future growth opportunities [12][13] - The company is actively engaging with the Department of Defense for potential collaborations related to antimony and tungsten, emphasizing its unique position as the only domestic processor of these critical minerals [33][36] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting the anticipated increase in antimony supply and the ongoing expansion of processing facilities [32][94] - The company is addressing regulatory challenges in Alaska, with expectations of overcoming permitting delays to begin operations [27][68] - Management noted the importance of educating local communities about the benefits of mining operations to gain public support [70] Other Important Information - The company has dual-listed on the NYSE Texas Stock Exchange, enhancing its visibility and engagement with institutional investors [44] - A new marketing initiative is set to launch, aimed at increasing public awareness of the company's role in the critical minerals supply chain [45] Q&A Session Summary Question: Do you anticipate any domestic or supply deals in the near future? - The company indicated that there are no other domestic antimony supplies expected in the short term, aside from its own operations in Montana and Alaska [59] Question: Has the leasehold acreage in Alaska increased? - The company confirmed that the acreage has increased to approximately 30,000 acres due to recent acquisitions [60] Question: Can you provide an update on the $240 million contract from the Defense Logistics Agency? - The company acknowledged the contract and expressed hope for positive outcomes following the solicitation's conclusion [64] Question: What is the status of government funding and potential offtake? - The company remains optimistic about securing government funding and is actively negotiating to ensure shareholder protection [65][66] Question: How receptive has the current administration been in expediting permitting processes? - The company noted that while the federal administration is supportive of critical minerals, the permitting delays are primarily due to state-level processes [68] Question: What are the next steps for tungsten-bearing properties? - The company plans to conduct gravity separation tests and is in the permitting process for bulk sampling [80][84] Question: Why is the North American antimony feedstock supplier shipping more recently? - The increase is attributed to a renegotiated contract and the supplier's need to offload material rather than sending it to waste [88]
BUSCANDO UPDATE ON PORTFOLIO EXPANSION, EXPLORATION LAUNCH AND CLOSING THE FIRST TRANCHE OF THE PRIVATE PLACEMENT
Globenewswire· 2025-06-17 13:00
Core Viewpoint - Buscando Resources Corp. is entering a new growth phase by expanding its portfolio in critical metals and natural hydrogen, aligning with long-term energy and security priorities in North America [3] Corporate Update - The company has acquired Element One, a 100%-owned subsidiary, to enhance research and acquisitions in natural hydrogen [4] - The Union Bay project in Alaska and the Star project in British Columbia cover over 4,800 hectares, targeting critical minerals like copper and nickel, as well as geologic hydrogen [5] - An early-season exploration program at the Foggy Mountain Project in British Columbia is underway, with results guiding future geochemical surveys and drilling campaigns [6] Strategic Positioning - Buscando's dual-focus strategy targets the global demand for critical minerals and the growing interest in clean hydrogen as an energy solution [7] - Collaborations with research institutions and government-supported programs aim to validate hydrogen-hosting systems on its properties [7] Upcoming Plans - An expanded exploration plan will incorporate results from recent airborne magnetic surveys and historic data [8] - Exploration projects on the Foggy Mountain and Star Projects are expected to commence in mid-July [8] - The company plans to release interpretations from the Foggy Mountain geophysical program and assess new hydrogen-accretive assets across North America [9] Private Placement Financing - The first tranche of a non-brokered private placement raised CAD$150,000 by issuing 750,000 units at CAD$0.20 each [10] - Each unit consists of one common share and one-half warrant, with full warrants exercisable at CAD$0.30 for 18 months [10] - Proceeds from the offering will be used for acquisition payments, exploration work on the Foggy Mountain Property, and general administrative expenses [12]
Resolution Minerals expands critical minerals footprint with acquisition of Horse Heaven Project
Proactiveinvestors NA· 2025-06-11 03:11
Core Viewpoint - Resolution Minerals Ltd has agreed to acquire the Horse Heaven Project, a promising antimony-gold-silver-tungsten project located in Idaho's Valley County, enhancing its portfolio in the critical minerals sector [1][2]. Strategic Location and Project Highlights - The Horse Heaven Project is strategically located adjacent to Perpetua Resources' Stibnite Gold-Antimony Project, which adds significant value in the US critical minerals market [3]. - The project features two major fault zones known for high-grade mineralization: the Antimony Ridge Fault Zone (ARFZ) and the Golden Gate Fault Zone (GGFZ) [3]. Exploration Potential and Results - Preliminary drilling results have shown promising mineralization, with a notable rock chip sample returning 3.68 grams per tonne (g/t) gold, 303 g/t silver, and 2.72% antimony over a 4-meter interval [5]. - Historical drilling has indicated large tonnage potential, with drillhole 87-GGR-31 intersecting 85.34 meters at 0.937 g/t gold, including 38.10 meters at 1.459 g/t gold [6]. - Historical estimates suggest 216,000 ounces of gold at Golden Gate Hill and 70,000 ounces at Antimony Hill, although these figures are not compliant with the JORC Code [9]. Project Scope and Historical Context - The project covers 5,644 hectares, comprising 689 mining claims and 10 lode mining claims, situated in a historically prolific mining region [10][12]. - The area has a history of production, including artisanal gold and tungsten production from the 1950s to 1980s, which enhances its exploration and development potential [6]. Market Context and Strategic Positioning - The acquisition positions Resolution Minerals favorably within the US critical minerals sector, particularly for antimony and tungsten, which are essential for various industries [13]. - With record-high prices for antimony and tungsten due to supply chain issues, the company aims to capitalize on the growing demand [14]. Next Steps and Funding - Following the acquisition, the company plans a comprehensive exploration program, including geophysical surveys, soil sampling, and metallurgical testing [17]. - To fund the acquisition and exploration activities, Resolution Minerals has raised $1.9 million through a placement, which will also support its other projects [18].
Quantum's NMX East Heats Up: PGE Potential Emerges Next to Rapidly Expanding Polymetallic District
Thenewswire· 2025-06-10 13:00
Core Insights - Quantum Critical Metals Corp. is exploring a poly-metallic play at its NMX East project in Quebec, which includes gallium, rubidium, and cesium [1][2] - The company has discovered significant mineralization, including 107.69 meters of 38.85 gpt gallium, 701 gpt rubidium, 24.98 gpt cesium, and 3.61 gpt thallium from surface drilling [2] - Quantum is investigating the Bande du Lac des Montagnes rock formation, known for hosting platinum group elements, which could enhance the project's mineral potential [2][4] Project Developments - The NMX East project is strategically located near the NISK shear zone and is less than 100 meters from the Bande du Lac des Montagnes outcrop [4] - Power Metallic Mines Ltd. has expanded its project area by over 300% by acquiring 167 km² from Li-FT Power, which includes claims adjacent to Quantum's NMX East property [5] - CEO Marcy Kiesman highlighted that this adjacency to a rapidly expanding polymetallic district enhances the strategic value of the NMX East project [5] Future Plans - The company plans to conduct field reconnaissance to assess the presence of Bande du Lac des Montagnes outcrops on the NMX East property [7] - Quantum intends to collaborate with geophysics companies to explore the potential for PGE mineralization beneath the surface [7] Company Overview - Quantum Critical Metals Corp. focuses on advancing critical metals projects, including the NMX East Gallium-Rubidium-Cesium Project and several other projects in British Columbia [9] - The company is positioned to support the transition to a secure and sustainable critical minerals supply in the West [9]
Allied Critical Metals Announces Completion Of Reverse Take-Over
Thenewswire· 2025-04-24 22:30
Core Viewpoint - The completion of the reverse takeover of Deeprock Minerals Inc. by Allied Critical Metals Corp. marks a significant milestone for the company, positioning it as a reliable supplier of critical minerals, particularly tungsten, in a market increasingly focused on securing alternative sources outside of China and Russia [2][3]. Transaction Details - The transaction was executed through a plan of arrangement involving a three-cornered amalgamation, where ACM amalgamated with a wholly-owned subsidiary of the company, resulting in the cancellation of ACM shares and the issuance of common shares of the company on a 1-for-1 basis [3]. - Prior to the transaction, the company changed its name to "Allied Critical Metals Inc." and consolidated its common shares on a 40-to-1 basis, transferring existing assets and liabilities to a subsidiary, Revelation Minerals Inc. [4]. Financial Aspects - ACM completed a brokered private placement of subscription receipts at a price of $0.20 per receipt, raising approximately $4.6 million through the issuance of 22,890,680 subscription receipts [5]. - Each subscription receipt was converted into units of the resulting issuer, consisting of one share and one-half of a common share purchase warrant, with an exercise price of $0.25 per share for a period of 24 months [5][6]. Trading Resumption - Trading in the resulting issuer shares was halted on the Canadian Securities Exchange on October 29, 2024, and is expected to resume by April 29, 2025, under the symbol "ACM," pending final approval from the CSE [7]. Company Overview - Allied Critical Metals Inc. is headquartered in Vancouver, British Columbia, focusing on the acquisition, exploration, and development of mineral resource properties in Canada and tungsten projects in Portugal, specifically the Borralha and Vila Verde Tungsten Projects [8].