United States Antimony Corp. ((UAMY)) has held its Q3 earnings call. Read on for the main highlights of the call.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The recent earnings call of United States Antimony Corp. painted a mixed yet optimistic picture of the company’s financial health and future prospects. Despite facing challenges like a net loss and pressure on gross margins, the company showcased robust sales growth, a strong cash position, and strategic agreements that suggest a positive trajectory. The impressive stock performance and expansion into new mining operations further highlight the company’s growth potential.
Record Sales Growth
United States Antimony Corp. reported record sales growth for the first nine months of 2025, with sales reaching $26.2 million, marking an impressive 182% increase over the previous year. This surge in sales underscores the company’s ability to capture market demand and expand its revenue base significantly.
Strong Cash Position
The company ended the third quarter with a strong cash position, boasting $38.5 million in cash and best investments. This represents an increase of $20 million this year, providing a solid financial foundation to support future growth initiatives and operational needs.
Strategic Supply Agreements
United States Antimony Corp. secured pivotal strategic agreements, including a three-year supply agreement with a new supplier of antimony ore and a five-year sole source sales contract with the Defense Logistics Agency (DLA). These agreements are expected to ensure a steady supply of raw materials and secure significant sales channels.
Successful Fundraising
The company successfully raised nearly $43 million through the exercise of preexisting warrants and stock sales. This influx of capital is expected to bolster the company’s financial resources, enabling further investment in growth opportunities.
Stock Performance
The company’s stock performance has been remarkable, with the share price climbing from $3.8 to $7.62 per share. This surge in stock value has expanded the market capitalization from $200 million to over $1 billion, reflecting strong investor confidence in the company’s future.
New Mining Operations
United States Antimony Corp. has embarked on new mining operations, starting in Montana and acquiring mining claims in Alaska and Canada. The expansion of processing facilities is expected to enhance production capabilities and support the company’s growth strategy.
Net Loss and Gross Margin Pressure
Despite the positive developments, the company reported a consolidated net loss of $4.1 million for the first nine months of 2025, which included $5.2 million of non-cash expenses. Additionally, gross margins increased by four percentage points to 28%, but there is anticipated pressure due to declining antimony market prices.
Delayed Permits in Alaska
The company faced delays in permit approvals for operations in Alaska, which were postponed until mid-September. This delay has impacted planned operations, highlighting the challenges in regulatory processes.
Forward-Looking Guidance
Looking ahead, United States Antimony Corp. has set ambitious goals for future operations. The company aims to counteract gross margin pressure with cost reductions and high-margin contracts. They have secured significant contracts, including a $245 million agreement with the Defense Logistics Agency and a $107 million commercial contract, positioning them for substantial revenue growth in 2026. The expansion of their Montana facility is 65% complete, with plans to increase production to between 500 and 600 tons monthly.
In conclusion, the earnings call of United States Antimony Corp. highlighted a generally positive outlook with strong sales growth, strategic agreements, and impressive stock performance. Despite facing challenges like net loss and gross margin pressure, the company’s strategic initiatives and forward-looking guidance suggest a promising future trajectory.