United States Antimony Corp. ((UAMY)) has held its Q2 earnings call. Read on for the main highlights of the call.
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United States Antimony Corp. recently held its earnings call, revealing a generally positive sentiment driven by strong financial performance and growth in its antimony and zeolite businesses. Despite these successes, the company faces challenges, including regulatory delays in Alaska and quality issues with a supplier, which have impacted operations.
Significant Revenue and Profit Growth
The company reported a remarkable increase in revenues, which soared by 160% year-over-year, reaching $17.5 million in the first half of 2025. This impressive growth was accompanied by a 183% rise in gross profit and a staggering 707% increase in net income, totaling $728,000.
Antimony Business Expansion
The antimony division experienced substantial growth, with revenues up by 203% due to strong market demand. The average sales price of antimony rose significantly from $6 to $22 per pound, contributing to the division’s robust performance.
Zeolite Business Recovery
The zeolite business also showed positive momentum, with revenue increasing by 24%. This growth was driven by a combination of higher sales volumes, accounting for 60% of the increase, and improved pricing strategies.
Reduction in Long-term Debt
United States Antimony Corp. successfully reduced its long-term debt to $262,000 by the end of the first half of 2025, demonstrating effective financial management and a focus on strengthening its balance sheet.
Expansion and Acquisitions
The company expanded its operations by acquiring a tungsten property in Ontario, Canada, and increasing its antimony processing capacity and workforce, positioning itself for future growth.
Regulatory Delays in Alaska
Permitting delays in Alaska have posed challenges, pushing back antimony ore delivery by a month. These delays are primarily due to objections from public and environmental groups.
Increased Operating Costs
Operating costs rose from $2.3 million to $4.8 million, driven by personnel hires aimed at improving company initiatives and boosting sales. This increase reflects the company’s commitment to growth and operational enhancements.
Challenges with Antimony Supply
The company faced issues with antimony material from Mandalay, which contained high arsenic content, affecting processing and supply reliability. This challenge underscores the importance of maintaining quality control in supply chains.
Forward-looking Guidance
Looking ahead, United States Antimony Corp. maintains its revenue guidance of $40 million to $50 million for fiscal 2025. This optimistic outlook is supported by increased antimony inventory and planned expansions in processing capacity, which are expected to drive future growth.
In summary, United States Antimony Corp.’s earnings call highlighted a strong financial performance with significant growth in both the antimony and zeolite businesses. Despite facing regulatory and supply challenges, the company remains optimistic about its future prospects, supported by strategic expansions and a solid financial foundation.