"The Critical Minerals and ZEO Company" ~ Antimony, Cobalt, Tungsten, and Zeolite ~ DALLAS, TEXAS / ACCESS Newswire / October 7, 2025 / United States Antimony Corporation ("USAC," "US Antimony," the "Company"), (NYSE:UAMY)(NYSE Texas:UAMY), announced today that its Chairman and CEO, Mr. Gary C. Evans, is being featured live tomorrow morning on Fox Business on the Mornings with Maria Bartiromo show to be aired at approximately 7:30 am Eastern Time, Wednesday, October 8, 2025. ...

Summary of United States Antimony Corporation Conference Call Company Overview - **Company Name**: United States Antimony Corporation (Ticker: UAMY) - **Founded**: 1968, went public in the late 2000s, listed on NYSE American in 2012 [2][3] - **Current Management**: New management team led by CEO Gary C. Evans since two years ago, with a complete overhaul of the management and board [3] Industry Context - **Antimony Supply**: China announced a cut-off of global antimony supply, significantly impacting U.S. industries that have relied on cheap Chinese imports for decades [4][9] - **Critical Mineral Status**: Antimony is classified as a critical mineral by the U.S. Department of Defense, essential for various defense applications [6][8] Key Developments - **Mining Operations**: - First mining permit received for the Mohawk mine in Fairbanks, Alaska, with mining operations beginning shortly after [6][25] - Reactivation of the Madero smelter in Mexico and reopening of the Montana mine, marking the first antimony mining in the U.S. in over 40 years [5][8] - **Revenue Growth**: The company has seen consistent revenue and income growth quarter over quarter and year over year [5][35] Strategic Initiatives - **Vertical Integration**: The company aims to become vertically integrated to leverage its assets effectively, including expanding claims in Alaska [3][5] - **Government Contracts**: - Anticipated significant contracts with the U.S. Department of Defense, including a $245 million contract for 8 million pounds of antimony ingot bars over five years [15][16] - Received a $400,000 grant to produce mill spec material for antimony [12] Market Dynamics - **Price Fluctuations**: Antimony prices have surged from around $5 per pound to approximately $30 per pound, driven by supply constraints and increased demand [19] - **Global Supply Control**: China and Russia control 60% of the raw material globally, with China dominating downstream production [9][17] Operational Capacity - **Production Capacity**: - Montana facility engineered for 300 tons per month, currently operating at around 100 tons per month, with plans to ramp up to over 400 tons by year-end [10][11] - Madero smelter in Mexico has a capacity of 200 tons per day, with potential for expansion [11] Future Outlook - **Expansion Plans**: Continued focus on expanding operations in Alaska and Mexico, with ongoing negotiations for international agreements for antimony sourcing [37] - **Diversification**: The company is also exploring claims in other critical minerals like cobalt and tungsten, aligning with U.S. government priorities [27][28] Additional Insights - **Zeolite Operations**: The company has a zeolite mine with a 100-year supply, exploring applications in water treatment, agriculture, and concrete production [29][30][32] - **Environmental Considerations**: Zeolite is being positioned as a solution for nuclear remediation and water purification, with ongoing discussions with the EPA [30][31] Financial Performance - **CapEx Investments**: Recent capital expenditures of $17 million for expansion, with expectations of reimbursement through government grants [36] - **Market Capitalization**: The company has seen a significant increase in market cap, with expectations of further growth [38] Conclusion - United States Antimony Corporation is strategically positioned to capitalize on the growing demand for antimony and other critical minerals, with a robust operational framework and strong government alignment. The company is focused on expanding its mining capabilities and securing its supply chain in response to global market dynamics.

Core Points - United States Antimony Corporation (USAC) operates the only two antimony smelters in North America [1] - The company will host Montana Governor Greg Gianforte and other state officials for a groundbreaking ceremony on September 25, 2025 [1] - The ceremony marks the kickoff of an expansion project at the Thompson Falls, Montana antimony processing facility [1]

Summary of United States Antimony Corporation Conference Call Company Overview - **Company**: United States Antimony Corporation (NYSEAM:UAMY) - **Founded**: Around 1968, originally by a miner - **Current Leadership**: CEO Gary C. Evans, who joined two years ago after a management overhaul due to shareholder dissatisfaction [1][2] Industry Context - **Industry**: Antimony production, critical minerals for defense and industrial applications - **Market Dynamics**: China has historically dominated the antimony market but has recently cut off supply, creating a significant opportunity for U.S. producers [6][10] Key Points Antimony Applications - Antimony is used in various applications, primarily in defense (32% usage) and industrial sectors [3][4] - Key uses include ammunition, batteries, solar panels, semiconductors, and flame retardants [4][5] Supply Chain and Production - United States Antimony operates the only two permitted antimony smelters in North America [5][6] - The company is vertically integrated, with operations in Montana and Alaska, and is expanding its smelting capacity [7][9] - Recent executive orders mandate that critical minerals for government use must be sourced domestically by 2027 [10] Financial Performance - Revenue increased by 160% year-over-year, with net income up 707% [27] - Guidance for 2023 is $40 million to $50 million, with expectations to exceed this due to increased production capacity [28] Strategic Initiatives - The company is diversifying into other critical minerals such as cobalt and tungsten, aligning with Department of Defense priorities [17][18] - Recent contracts include a $245 million order from the Defense Logistics Agency for antimony ingots [30] Market Position and Future Outlook - The company is positioned to capitalize on the global supply constraints, with antimony prices having increased over 500% in the past year [12][13] - The company is exploring additional international contracts and domestic partnerships to enhance its supply chain [32] Operational Efficiency - The efficiency of operations has improved from 68% to 98.4% under new management [25] - The company is focused on building inventory and processing material from Alaska, which is expected to significantly enhance margins [33] Environmental and Strategic Importance - The company is involved in discussions regarding the use of zeolite for various applications, including nuclear remediation and agriculture [20][24] - Emphasis on the importance of domestic supply chains for national security and environmental remediation efforts [25][36] Additional Insights - The company has received significant media attention and institutional interest, indicating a growing recognition of its market potential [35] - Future announcements regarding government contracts and funding are anticipated, which could further bolster the company's position [36] This summary encapsulates the critical aspects of the United States Antimony Corporation's recent conference call, highlighting its strategic initiatives, market dynamics, and financial performance.

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]

Company Overview & Strategy - United States Antimony Corporation (USAC) focuses on extracting, processing, and selling antimony and zeolite hard minerals[8] - The company aims to secure domestic supply chains for critical minerals by 2027, reducing reliance on foreign sources[32] - USAC is expanding its antimony processing footprint to increase production and sales in Montana and Mexico[130] - The company is evaluating strategic acquisition and additional mining lease opportunities in the US and Canada[133] Antimony Market & Operations - Antimony has seen over a 500% price increase recently[27, 56] - China controls over 60% of world antimony ore[55] and has cut off the global supply of antimony[29] - USAC owns and operates the only two North American antimony smelters[26, 28] - The Thompson Falls smelter is expanding to a capacity of 300 tons per month or 11 tons per day[33] - The Madero smelter in Mexico has restarted operations with a capacity of 200 tons per month or 7 tons per day[41, 43, 47] Zeolite Operations - Bear River Zeolite mine experienced a 9% increase in tons sold in fiscal year 2024[111] - The company launched a new in-house product line for cattle feed called CattlePrime™[112, 115] Financial Performance & Outlook - The company's 2024 revenues were the highest since going public in 2012[123] - USAC maintained a high cash balance of $182 million as of December 31, 2024[123] - The company projects consolidated revenues of $40 - $50 million for 2025[136]

Summary of United States Antimony Corporation Conference Call Company Overview - **Company Name**: United States Antimony Corporation (UAMY) - **Founded**: 1968, went public in February 2012 - **Current CEO**: Gary Evans, appointed after the founder's passing four years ago [4][5] Key Industry Insights - **Critical Mineral**: Antimony is classified as a critical mineral by the Department of Defense, with significant applications in military and industrial sectors [8][16] - **Market Control**: Historically, the antimony market has been dominated by China, which has shifted from being a net producer to a net importer due to resource depletion [13][24] - **U.S. Supply Chain**: The U.S. Department of Defense is seeking to source critical minerals domestically by 2027, creating opportunities for UAMY [16][52] Financial Performance - **Revenue Growth**: UAMY reported revenues of approximately $7 million in 2023, nearly doubling to $15 million in 2024, with guidance of $40 to $50 million for the current year [50][55] - **Cash Position**: The company has about $18 million in cash and minimal debt of around $250,000 [51] Operational Developments - **Management Changes**: A complete overhaul of management and board has been implemented to drive new strategies and growth [5][49] - **Expansion Plans**: The company is expanding its operations in Montana and has plans to process material from Alaska, which will significantly improve margins [18][30][31] - **Processing Capacity**: The Madero smelter in Mexico has an engineered capacity of 200 tons per month, currently operating at 70 to 100 tons [20] Market Dynamics - **Price Surge**: The price of antimony has surged nearly 700% since China's supply cut announcement, rising from $5 to approximately $30 per pound [24][27] - **Competitive Landscape**: UAMY is positioned as the only vertically integrated antimony producer in the Western Hemisphere, with two permitted smelters [15][54] Strategic Initiatives - **Geological Claims**: UAMY has staked claims in Alaska and Ontario, focusing on antimony and other critical minerals like cobalt [6][33] - **Government Relations**: The company has engaged with the Department of Defense and other government agencies to secure funding and support for its operations [17][52] Additional Insights - **Zeolite Business**: UAMY is also involved in zeolite production, which has various applications including water filtration and agriculture [35][39] - **Environmental Considerations**: The company is exploring low-carbon concrete alternatives using zeolite, aligning with industry trends towards sustainability [40][41] Conclusion - **Future Outlook**: UAMY is optimistic about its growth trajectory, driven by domestic demand for antimony and strategic government partnerships, with expectations to meet and exceed revenue guidance [61][62]

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]

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]