Release Date: August 12, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
United States Antimony Corp (UAMY) reported a 160% increase in revenues year-over-year for the first six months of 2025.
Gross profit increased by 183% year-over-year, driven by higher average sales prices and lower maintenance costs.
The company achieved a net income of $728,000, marking a 707% increase compared to the previous year.
UAMY has expanded its antimony ore suppliers and increased processing capacity, positioning for further growth.
The company has successfully engaged with over 120 institutional funds, increasing institutional ownership to 24% of its public float.
The Alaska mining operations are behind schedule due to slow regulatory approvals and public opposition.
Consolidated operating costs increased significantly from $2.3 million to $4.8 million due to personnel costs.
There are challenges with arsenic levels in antimony shipments from Mandalay, affecting product quality.
Permitting delays in Alaska have pushed back the expected supply of antimony ore to September.
The company faces environmental opposition in Alaska, which could impact future operations and permitting.
Q: Do you anticipate any domestic or supply deals in the near future, and is that something you’re looking at? A: Gary C. Evans, Chairman and CEO: There is no antimony being mined in the United States currently. The only antimony that will be mined in the short term is from our operations in Montana and Alaska, with material expected in September.
Q: With reference to Alaska, has the leasehold acreage increased from the prior 23,800 acres since July, and any new updates on the findings? A: Gary C. Evans, Chairman and CEO: Yes, the acreage is now closer to 30,000. We acquired a property with both mining rights and surface rights, which has a history of gold mining. We expect to find gold deposits alongside antimony.
Q: I saw online that there was a fairly large contract from the Defense Logistics Agency that was up for bidding and due today. Can you maybe provide a bit of color on this contract and on what impact and potential you expect this to have on the company? A: Gary C. Evans, Chairman and CEO: The contract is a $240 million deal to acquire antimony. We are the only source mentioned due to our unique smelting capabilities. We anticipate developments in the next few weeks.
Q: Should we still consider UAMY as a potential recipient of government funding and or offtake? Would you consider other funding avenues such as debt or equity if negotiations continue to drag out? A: Gary C. Evans, Chairman and CEO: We are optimistic about receiving government funding due to our strategic discussions. We are forming strong relationships with government officials, and we are confident in positive outcomes.
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Q: How receptive has the current administration been in trying to expedite UAC’s plans on accelerating antimony or feedstock permitting, and who is slowing down the Alaskan permitting process? A: Gary C. Evans, Chairman and CEO: The administration is pro-critical minerals, but our permits in Alaska are state-level. The delay is due to local environmental groups opposing mining activities. We are working to educate the public and expedite the process.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
This article first appeared on GuruFocus.