UNITED STATES ANTIMONY CORP UAMY
United States Antimony Corporation's ("US Antimony," "USAC," the "Company," "we," "us," and "our,") principal business is in the mining, procuring, processing and sale of antimony and precious metals, primarily gold and silver, in Montana and Mexico, and the mining, processing, and sale of zeolite in Idaho. Beginning in late 2024 and continuing in 2025, the Company acquired mining claims in Alaska, Montana, and Canada prospective for antimony, tungsten, cobalt and other critical minerals. In addition, the Company entered into an agreement to acquire exploration rights for mining properties located in the southeastern United States. The Company also procured antimony ore from new international suppliers and is nearing construction completion of an expansion of its antimony processing facility located in Montana that is expected to more than triple its current capacity. This additional antimony supply and processing capacity will be used to fulfill the Company's two new five-year sales contracts with the U.S. Defense Logistics Agency and an industrial customer, both of which were secured in 2025.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $39.3M | $14.9M | $8.7M | $11.0M | $7.7M | $5.2M | $8.3M | $9.0M | $10.2M | $11.9M |
| Cost of revenue | $29.4M | $11.5M | $12.0M | $9.0M | $6.9M | $5.0M | $9.1M | $9.0M | $10.0M | $11.4M |
| Gross profit | $9.9M | $3.5M | -$3.3M | $2.0M | $838.6K | $205.7K | -$816.3K | $1.5K | $275.5K | $536.7K |
| SG&A | $3.1M | $2.1M | $1.6M | $658.2K | $677.6K | $607.4K | $674.5K | $795.8K | $647.6K | $681.5K |
| Total operating expenses | $18.3M | $5.9M | $3.7M | $1.6M | $1.5M | $3.5M | $2.9M | -$545.5K | $1.2M | $1.4M |
| Operating income | -$8.5M | -$2.4M | -$7.1M | $348.2K | -$660.3K | -$3.3M | -$3.8M | $547.0K | -$959.7K | -$816.5K |
| Interest expense | — | — | — | $15.1K | $5.5K | $18.0K | $78.3K | $100.0K | $107.0K | $160.8K |
| Pre-tax income | -$4.3M | -$1.7M | -$6.3M | $444.7K | -$60.5K | -$3.3M | -$3.7M | $540.9K | -$1.1M | -$1.0M |
| Income tax | $0 | $0 | $0 | $16.1K | $0 | $0 | $0 | $332.3K | $0 | $298.1K |
| Net income | -$4.3M | -$1.7M | -$6.3M | $428.7K | -$60.5K | -$3.3M | -$3.7M | $873.2K | -$1.1M | -$1.3M |
| EPS, basic | -0.04 | -0.02 | -0.06 | — | — | — | — | — | — | — |
| EPS, diluted | -0.04 | -0.02 | -0.06 | — | — | -0.05 | -0.05 | 0.01 | -0.02 | -0.02 |
| Shares, diluted (wtd. avg.) | $123.6M | $108.6M | $107.6M | $106.3M | — | — | $69.0M | $68.1M | $67.4M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $30.5M | $18.2M | $12.0M | $19.1M | $21.4M | $722.4K | $172.8K | $56.6K | $28.0K | $10.1K |
| Receivables | $4.2M | $1.1M | $625.3K | $784.5K | $891.3K | $238.6K | $284.5K | $438.4K | $362.6K | $552.1K |
| Inventory | $12.5M | $1.2M | $1.4M | $1.4M | $1.1M | $650.2K | $626.2K | $755.3K | $914.7K | $855.6K |
| Total current assets | $54.7M | $20.7M | $14.1M | $21.6M | $23.6M | $1.8M | $1.3M | $1.9M | $1.6M | $1.7M |
| Property, plant and equipment | $42.4M | $12.9M | $13.5M | $12.1M | $11.1M | $11.2M | $12.2M | $15.2M | $15.1M | $15.7M |
| Total assets | $153.9M | $34.6M | $28.1M | $34.7M | $35.0M | $13.3M | $13.7M | $17.6M | $17.1M | $17.8M |
| Accounts payable | $6.9M | $1.5M | $456.9K | $628.8K | $1.4M | $1.9M | $2.3M | $1.9M | $2.3M | $1.8M |
| Short-term debt | $136.9K | $132.3K | $28.4K | $94.2K | $13.2K | $52.1K | $56.3K | $705.5K | $547.0K | $391.0K |
| Total current liabilities | $10.2M | $4.0M | $897.5K | $2.2M | $2.1M | $4.5M | $4.0M | $3.5M | $3.9M | $3.4M |
| Long-term debt | $58.5K | $195.4K | $0 | $217.9K | $215.2K | $34.3K | $76.8K | $1.0M | $1.2M | $1.5M |
| Total liabilities | $13.0M | $6.0M | $2.6M | $2.8M | $2.6M | $6.1M | $5.2M | $6.1M | $6.8M | $6.4M |
| Retained earnings | -$45.5M | -$41.1M | -$39.4M | -$33.1M | -$32.7M | -$32.7M | -$29.4M | -$25.7M | -$26.6M | -$25.4M |
| Total equity | $141.0M | $28.6M | $25.5M | $31.9M | $32.4M | $7.2M | $8.5M | $11.4M | $10.4M | $11.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$9.7M | $2.2M | -$4.8M | -$249.3K | -$2.4M | -$1.3M | -$11.4K | -$656.6K | $716.8K | $425.8K |
| Depreciation and amortisation | — | $1.1M | $959.4K | $909.2K | $880.9K | $885.8K | $896.0K | $904.8K | $968.9K | $999.7K |
| Stock-based compensation | $7.1M | $568.6K | $0 | — | $110.0K | $130.5K | $175.0K | $175.0K | $168.8K | $137.5K |
| Capital expenditure | $27.8M | $430.6K | $1.5M | $1.7M | $648.1K | $243.1K | $792.9K | $899.1K | $365.5K | $595.8K |
| Investing cash flow | -$87.4M | -$42.1K | -$1.3M | -$1.8M | -$653.1K | -$243.1K | -$392.9K | $900.9K | -$365.5K | -$583.0K |
| Financing cash flow | $109.5M | $4.1M | -$1.1M | -$267.7K | $23.8M | $2.1M | $463.1K | -$221.7K | -$333.2K | $33.7K |
| Dividends paid | — | $0 | $787.7K | $0 | — | — | — | — | — | — |
| Buybacks | $449.5K | — | $0 | $203.0K | $0 | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-015650.
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