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United States Antimony (UAMY) - 2025 Q1 - Earnings Call Transcript
2025-05-08 21:17
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 [3][4] - Gross profit rose by 302% year over year to $2.4 million, with gross margin improving from 19% to 34% [3][5] - Net income reported was over $5 million, up 269% year over year [3] 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 [7][8] - Zeolite sales reached $1.1 million, up 82% year over year, with a 67% increase in sales volume quarter over quarter [10] - Antimony income from operations increased by $900,000 to $1.1 million for Q1 2025 [8] Market Data and Key Metrics Changes - The antimony business experienced strong demand, driven by the need for critical minerals across various industries, including government demand [9] - The zeolite business improved operational efficiency, leading to reduced losses from operations, which improved by $350,000 year over year [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 [6][9] - The strategy includes improving operational efficiency and capitalizing on the current demand for critical minerals [6][12] - The company aims to vertically integrate by securing its own supply of antimony, reducing reliance on international sources [28][41] 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 [12][43] - The company anticipates a revenue guidance tightening to $40 million to $50 million for the fiscal year 2025 [44] - Management emphasized the importance of securing a domestic supply of antimony to enhance operational stability and pricing power [28][66] Other Important Information - The company has engaged new geological experts to enhance exploration efforts in Alaska and Ontario [14][15] - The company is actively pursuing digital marketing strategies to broaden its investor base and increase visibility [35][36] - BlackRock has increased its position in the company to 5.1%, indicating strong institutional interest [38] Q&A Session Summary Question: How are you able to complete the 6X expansion plans for Thompson Falls by the end of the year? - Management confirmed plans to complete the expansion by year-end, potentially ahead of schedule, without affecting existing operations [46][47] Question: Can you comment on the permitting timeline for ore from Alaska? - Management expects permits to be approved within a couple of weeks, with ore potentially being trucked to Montana by August or September [49][50] Question: Will you take on refining from other mining operations? - Management indicated that increased refining capacity would allow for future partnerships, but current operations are focused on their own supply [71] Question: What is the company's acquisition strategy? - The company is looking for opportunities that can be accessed quickly, focusing on critical minerals that align with their operational capabilities [60][62] Question: Can you share progress on the cobalt play in Canada? - Management noted high-grade cobalt and nickel findings, with plans for further exploration and potential partnerships [76][79]
United States Antimony (UAMY) - 2025 Q1 - Earnings Call Transcript
2025-05-08 21:15
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]
Drilling Update on Globex’s Bald Hill Antimony Property Under Option to Antimony Resources Corp.
Globenewswire· 2025-05-06 15:59
ROUYN-NORANDA, Quebec, May 06, 2025 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to provide an update on drilling by Antimony Resources Corp. (ATMY-CSE, K8J0-FSE) on the Bald Hill antimony property in New Brunswick under option from Globex. Under the option, Antimony Resources ...
Perpetua Resources' Stibnite Gold Project Selected as Priority Project by White House
Prnewswire· 2025-04-21 11:00
The Stibnite Gold Project, with its recently secured Record of Decision from the U.S. Forest Service in January 2025, is uniquely positioned to supply the critical mineral antimony, which is essential to national security and energy technology. The final federal decision, the U.S. Army Corps of Engineers Clean Water Act 404 permit, is on track for a decision in Q2 2025. The Executive Order, issued on March 20, 2025, directs federal agencies to streamline permitting for identified Priority Projects, empowers ...
United States Antimony (UAMY) - 2024 Q4 - Earnings Call Transcript
2025-03-20 21:17
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 ...