United States Antimony (UAMY) AI Stock Analysis

• Market Cap: $587.74M
• Dividend Yield: N/A
• Average Volume (3M): 5.53M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.48
• Revenue Growth: 178.66%
• EPS Growth: 82.83%
• Country: US
• Employees: 60
• Sector: Basic Materials
• Sector Strength: 68
• Industry: Industrial Materials
• EPS (TTM): 0.00
• Shares Outstanding: 128,327,790
• 10 Day Avg. Volume: 5,913,346
• 30 Day Avg. Volume: 5,525,148
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.46
• Enterprise Value/Revenue: 10.12
• Enterprise Value/Gross Profit: 39.07
• Enterprise Value/Ebitda: 2.99K
• 1Y Price Target: $4.92
• Price Target Upside: 9.09% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 66 Neutral
• Price Target: $5.00 ▲(10.86% Upside)

United States Antimony's overall stock score reflects strong technical momentum and positive strategic developments, particularly highlighted in the earnings call. However, profitability challenges and valuation concerns weigh on the score. The company's ability to capitalize on growth opportunities while addressing operational and supply chain issues will be crucial for future performance.

Positive Factors

Revenue Growth

The company recorded $10.5M in revenue, a significant increase from 2Q24 revenue of $3.7M.

Strategic Acquisitions

The acquisition of the Fostung Properties aligns with UAMY's objective of pursuing projects that involve critical minerals prioritized by the U.S. Department of Defense.

Zeolite Business

The company's zeolite business saw revenue increase by 82% year-over-year due to a 67% increase in production and a 9% rise in average sales price per ton.

Negative Factors

Commodity Price Risk

Risks identified include commodity price risk, which could impact the company's financial performance.

Operational Challenges

An increase in operating costs to $2.8M from $1.2M in 2Q24 raises concerns, despite expectations that it may not become an issue if antimony production volume continues to improve.

Sales Volume Decline

The impact of increased antimony prices was partially offset by decreased sales volumes, with the firm producing 362,647 pounds of antimony compared to 502,046 pounds previously.

United States Antimony Business Overview & Revenue Model

Company Description

United States Antimony Corporation (UAMY) is a mining and exploration company based in the United States, primarily engaged in the production of antimony, a critical mineral used in various industrial applications. The company operates through multiple segments, including antimony mining, production of antimony trioxide, and the extraction of other minerals such as gold and silver. UAMY's core products cater to a range of industries, including electronics, plastics, and flame retardants, positioning the company as a key player in the antimony supply chain.

How the Company Makes Money

United States Antimony generates revenue through the mining and sale of antimony and its derivatives, primarily antimony trioxide, which is used in flame retardant applications and other industrial uses. The company has established key revenue streams from direct sales to manufacturers and industrial clients. Additionally, UAMY benefits from partnerships with other companies in the mining and manufacturing sectors, which enhance its market reach and revenue potential. Fluctuations in the global prices of antimony and related minerals also significantly impact the company's earnings, alongside operational efficiency in its mining activities.

United States Antimony Financial Statement Overview

Summary

United States Antimony shows strong revenue growth and a solid balance sheet with low leverage. However, persistent net losses and negative free cash flow highlight operational and liquidity challenges. Improvement in profitability and cash flow management is needed.

Income Statement

The company shows a mixed income statement performance. The TTM gross profit margin stands at 27.5%, indicating decent profitability from operations. However, the net profit margin is negative, reflecting overall losses. Revenue growth is strong, with a TTM increase of 27.9% compared to the previous year, suggesting expanding operations. Key weaknesses include negative EBIT and EBITDA margins, highlighting challenges in operational efficiency and cost control.

Balance Sheet

The balance sheet is relatively strong with a low debt-to-equity ratio of 0.03 in the TTM, indicating low leverage and financial stability. The equity ratio is high at 82.5%, reflecting a well-capitalized position. However, the return on equity is negative due to persistent net losses, which is a concern for shareholder returns.

Cash Flow

The cash flow statement presents a mixed picture. The company demonstrates a positive operating cash flow to net income ratio, suggesting effective cash generation relative to reported losses. However, the free cash flow remains negative, indicating challenges in covering capital expenditures and maintaining liquidity without external financing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	26.82M	14.94M	8.69M	11.04M	7.75M	5.24M
Gross Profit	6.94M	3.47M	-3.34M	2.00M	838.61K	205.70K
EBITDA	90.80K	-1.29M	-5.89M	1.28M	832.88K	-2.38M
Net Income	-882.35K	-1.73M	-6.35M	428.66K	-60.47K	-3.29M
Balance Sheet
Total Assets	47.50M	34.64M	28.09M	34.70M	35.00M	13.30M
Cash, Cash Equivalents and Short-Term Investments	6.97M	18.17M	11.97M	19.32M	21.62M	919.31K
Total Debt	844.99K	1.08M	28.44K	312.00K	215.15K	629.83K
Total Liabilities	9.99M	6.04M	2.57M	2.83M	2.63M	6.11M
Stockholders Equity	37.51M	28.60M	25.52M	31.87M	32.37M	7.19M
Cash Flow
Free Cash Flow	-8.44M	1.79M	-6.28M	-1.98M	-3.08M	-1.55M
Operating Cash Flow	-767.65K	2.22M	-4.75M	-249.28K	-2.43M	-1.31M
Investing Cash Flow	-17.33M	-42.07K	-1.34M	-1.79M	-653.13K	-243.09K
Financing Cash Flow	11.46M	4.14M	-1.07M	-267.73K	23.78M	2.10M

United States Antimony Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.51
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UAMY, the sentiment is Positive. The current price of 4.51 is above the 20-day moving average (MA) of 4.36, above the 50-day MA of 3.55, and above the 200-day MA of 2.46, indicating a bullish trend. The MACD of 0.28 indicates Positive momentum. The RSI at 59.31 is Neutral, neither overbought nor oversold. The STOCH value of 33.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for UAMY.

United States Antimony Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UAMY	66 Neutral	$587.74M	―	-3.27%	―	178.66%	82.83%
Sector *	62 Neutral	$10.28B	6.21	0.76%	2.84%	3.10%	-36.03%
PLL	49 Neutral	$159.11M	―	-18.43%	―	58.18%	-25.65%
LZM	44 Neutral	$332.30M	―	-814.96%	―	―	―
CRML	―	$564.99M	―	-303.62%	―	―	―
IONR	40 Underperform	$218.56M	―	-4.74%	―	―	-173.39%
IPX	35 Underperform	$1.61B	―	-40.55%	―	―	-15.85%

United States Antimony Corporate Events

United States Antimony Completes Reincorporation to Texas

United States Antimony Corporation completed its reincorporation from Montana to Texas on August 28, 2025, following approval by stockholders at the 2025 Annual Meeting. The reincorporation, effective August 13, 2025, involved adopting new bylaws and did not alter the company’s business operations, management, or financial condition, although certain stockholder rights were changed.

United States Antimony Reincorporates from Montana to Texas

At the 2025 Annual Shareholders Meeting held on July 31, United States Antimony Corporation successfully passed all proposals, including the election of directors and the approval of the company’s reincorporation from Montana to Texas. The meeting also ratified the appointment of Assure CPA, LLC as the independent registered public accounting firm for the fiscal year ending December 31, 2025, indicating a strategic shift and operational continuity for the company.

United States Antimony to List on NYSE Texas

On June 27, 2025, United States Antimony Corporation received approval from NYSE Texas, Inc. to list its common stock on the NYSE Texas Exchange, with trading set to begin on July 1, 2025. The company will continue to maintain its primary listing on the NYSE American Stock Exchange under the ticker symbol ‘UAMY’, potentially enhancing its market presence and accessibility for investors.

United States Antimony Faces Supply Chain Disruption

On March 17, 2025, United States Antimony Corporation faced a significant operational challenge when a shipment of 50 tons of stibnite ore was delayed by Chinese Customs for 82 days without explanation. Despite efforts to resolve the issue, the shipment was ultimately returned to Australia, potentially due to China’s ban on antimony exports, impacting the company’s supply chain and operations.