ACCESS Newswire·May 14, 2026, 4:18 PM ET

United States Antimony Corporation Reports First Quarter 2026 Financial and Operating Results

UAMY

United States Antimony Corporation reported Q1 2026 revenues of $6.8 million, down from $7.0 million in the prior year period.
The company recorded a net loss of $11.3 million, or $0.08 per diluted share, compared to a net income of $0.6 million in Q1 2025.
Gross profit decreased to $1.1 million with a 16% margin, down from $2.4 million with a 34% margin in the previous year, primarily due to higher antimony costs.
The company recognized a $12.8 million Department of War grant receivable against construction-in-progress for the Thompson Falls expansion, out of a total $27 million award.
First two delivery notices were completed under the $245 million Defense Logistics Agency contract for antimony ingots.
Post-quarter equity issuances generated $48.6 million in gross proceeds from the sale of approximately 4.2 million shares at an average price of $11.57.
The company acquired the Radersburg flotation mill in Montana for $4.8 million to advance vertical integration.
Operating expenses rose to $8.6 million in Q1 2026 from $2.0 million in Q1 2025, driven by $4.8 million in share-based compensation.
Full-year 2026 gross revenue guidance remains at $125 million.
The Thompson Falls smelter expansion is nearing completion and expected to come online within the next few weeks.
A hydrometallurgical joint venture was formed with Americas Gold and Silver to construct a new processing facility, with the company holding a 49% interest.
The Fostung Tungsten project in Ontario disclosed a potential future revenue of $4.6 billion based on its Technical Report Summary.
Antimony inventory value increased to $21.7 million at quarter-end, an 80.8% increase from the prior quarter.
Total pro forma liquidity reached $108.7 million, including cash, Treasury securities, and marketable equity securities in Larvotto Resources Limited.