Significant Revenue and Profit Growth
Revenues increased by 160% year-over-year, reaching $17.5 million in the first six months of 2025. Gross profit rose by 183%, and net income soared by 707%, totaling $728,000.
Antimony Business Expansion
Antimony business revenue increased by 203% due to strong demand, with the average sales price rising from $6 to $22 per pound.
Zeolite Business Recovery
Zeolite business revenue increased by 24%, with 60% of the growth attributed to higher volume and 40% to higher pricing.
Reduction in Long-term Debt
The company reduced its long-term debt to $262,000 by the end of the first half of 2025.
Expansion and Acquisitions
Acquired a tungsten property in Ontario, Canada, and increased antimony processing capacity and staff.