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United States Antimony Corporation Reports Third Quarter and Nine Months Ended September 30, 2026 Financial and Operating Results

UAMY
  • Third quarter 2026 revenues increased 16% to $10.1 million compared to $8.7 million in the same period of 2025.
  • Antimony pounds sold rose 68% year-over-year to 468,842 pounds, with October 2026 volumes reaching a record 310,000 pounds.
  • Gross profit surged 113% to $4.3 million, while gross profit margin expanded significantly from 23% to 42%.
  • Net loss for the quarter was $9.5 million, impacted by a $3.8 million unrealized loss on the Larvotto Resources investment, $2.1 million in stock-based compensation, and $0.8 million in depreciation.
  • The Defense Logistics Agency (DLA) accepted four shipments totaling approximately 162,000 pounds of antimony metal ingots, generating $5.1 million in revenue during the quarter.
  • Industrial antimony sales excluding DLA shipments increased 10% year-over-year to approximately 306,500 pounds, primarily consisting of antimony trioxide.
  • The Department of War modified the Defense Production Act award, increasing the authorized payment amount to $20.3 million from $16.2 million.
  • Capital expenditures totaled $28.4 million in the first nine months of 2026, funding the Thompson Falls smelter expansion, the Radersburg flotation facility, and new mining claims.
  • The Radersburg processing plant commenced operations in the third quarter, processing material from the Stibnite Hill location.
  • A technical report for the Nolan Creek project in Alaska indicated measured and indicated resources exceeding $314 million.
  • Bulk sampling began at the Fostung tungsten project in Ontario, Canada.
  • The Board authorized a $100 million share repurchase program; $3.1 million in shares were repurchased in the third quarter and October.
  • The company reported strong liquidity of approximately $90 million as of September 30, 2026, including cash, securities, and a $39.4 million equity investment.
  • Full-year 2026 antimony sales guidance was updated to a volume-based range of 1.68 million to 1.81 million pounds, representing a 24% increase over 2025.
  • Zeolite segment revenue grew 55% year-over-year to $1.0 million, driven by a 54% increase in tons sold.
  • Inventory levels rose to $28.1 million to support anticipated production growth and DLA delivery requirements.
  • Cycle times for DLA shipments improved to approximately 70 days from sampling to payment, down from 124 days for earlier shipments.
  • The company plans to switch to volume-based guidance moving forward to better reflect operating performance amid fluctuating market prices.
Company
United States Antimony Corp.
Keywords
Metals & Mining, Earnings