United States Antimony

UAMY

Market cap $1.28B

United States Antimony is in the midst of a steep pullback. The company is the only domestic producer of antimony with scale.

Some companies grow because, well, they consider growth good. Others need a serious kick in the you-know-where to get growing. Without speculating on how United States Antimony Corporation might have fared had a pre-2024 status quo persisted, we know China gave a good hard kick to UAMY, and other metals. As we know, China and the U.S. differ on many issues. Acting on one category of differences, China, the world's leading supplier of antimony, decided in 2024 to restrict exports.

Both analysts and investors were expecting better from the niche critical metals specialist. It whiffed badly on both the top and bottom line.

MP Materials (NYSE:MP) keeps stealing the rare earth spotlight on the back of its Pentagon equity stake and Apple offtake hype, and that is exactly the problem.

United States Antimony NYSE: UAMY reported nearly flat first-quarter sales but a wider loss as management said the company is absorbing higher costs tied to an expected production ramp-up and a broader push into critical minerals beyond antimony.

United States Antimony Corporation (UAMY) Q1 2026 Earnings Call Transcript

United States Antimony Corporation (UAMY) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to break-even earnings per share a year ago.

Received $12.8 Million in Department of War ("DoW") Grant Milestones for Thompson Falls Expansion First Two Delivery Notices under the $245 MM Defense Logistics Agency ("DLA") Contract Completed Q1 2026 Revenues of $6.8 Million; Net Loss of $11.3 Million, or $(0.08) per Diluted Share Post-Quarter Equity Issuances Generated $48.6 Million in Gross Proceeds Reiterates Full-Year 2026 Gross Revenue Guidance of $125 Million "The Critical Minerals and ZEO Company" ~ Antimony, Cobalt, Gold, Tungsten, and Zeolite ~ DALLAS, TX / ACCESS Newswire / May 14, 2026 / United States Antimony Corporation ("USAC," "US Antimony Corporation," or the "Company") (NYSE:UAMY)(NYSE Texas:UAMY), a leading producer and processor of antimony, zeolite, and other critical minerals, and the only fully integrated antimony company in the world outside of China and Russia, today reported its financial and operating results for the first quarter ended March 31, 2026. First Quarter 2026 Highlights Revenues of $6.8 million, compared to $7.0 million in Q1 2025 Gross profit of $1.1 million (16% gross margin), compared to $2.4 million (34% gross margin) in Q1 2025 Operating loss of $7.5 million, compared to operating income of $0.4 million in Q1 2025 Net loss of $11.3 million, including $9.3 million of net non-cash items, compared to net income of $0.6 million in Q1 2025 Achieved $12.8 million (out of $27 Million) in Department of War ("DoW") grant milestones at the Thompson Falls expansion project, recognized as a grant receivable with a corresponding reduction to construction in progress (PP&E) Acquired the Radersburg flotation mill in Montana for $4.8 million, further advancing the Company's vertical integration strategy Cash and cash equivalents, including held-to-maturity U.S. Treasury securities of $23.7 million at quarter-end; Subsequent to quarter-end, the Company raised approximately $48.6 million of gross proceeds through the issuance of approximately 4.2 million shares of common stock at an average price of $11.57 per share.

China's dominance in critical mineral refining is becoming an increasingly important geopolitical and economic risk. Market capitalizations across the sector could create unusual opportunities.

Issued on behalf of NevGold Corp. From a 1.11% antimony intercept at Resurrection Ridge, up to 99% gold recoveries on a brownfield leach pad — and an upsized brokered placement that closed on strong institutional demand — NevGold Corp. (TSXV: NAU | OTCQX: NAUFF | FRA: 5E50) is heading into its maiden antimony-gold Mineral Resource Estimate fully funded, and on a near-term U.S. antimony production pathway that very few of its peers can claim. NEW YORK, May 13, 2026 /PRNewswire/ -- USA News Group News Commentary — North American gold producers are operating in one of the most favorable commodity-and-policy windows of the past two decades.