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United States Antimony Corporation Reports Second Quarter and Six Months Ended June 30, 2026 Financial and Operating Results
Second Quarter 2026 Revenues of $7.9 Million; Net Income of $0.1 Million
Antimony pounds sold up 26% in the quarter (exclusive of DLA)
Zeolite revenues grew 110% year-over-year
Antimony Inventory up 178% from year-end
Working Capital Doubled to $70.0 Million from $35.0 Million at March 31, 2026
Positioned for a Stronger Second Half as DLA Shipments Continue to Increase
“The Critical Minerals and ZEO Company”
~ Antimony, Gold, Tungsten, and Zeolite ~
DALLAS, TX /ACCESS Newswire/ August 11, 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 second quarter and six months ended June 30, 2026.
Second Quarter 2026 Highlights
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Revenue of $7.9 million, compared to revenue of $10.5 million in the 2025 quarter.
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Gross profit of $0.6 million (7% gross margin), compared to $2.8 million (27% gross margin) in the 2025 quarter.
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Operating loss of $7.0 million, including $3.4 million of net non-cash expense items compared to break-even operating results in the 2025 quarter.
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Net income of $0.1 million, compared to net income of $0.2 million in the 2025 quarter. Operating loss in second quarter of 2026 was more than offset by $6.8 million of unrealized gain from investment in equity securities plus $0.4 million of interest income.
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Delivered the first two shipments of approximately 82,000 pounds of antimony metal ingots under the Company’s contract with the DLA in June 2026. Because these shipments were formally accepted by the DLA in July 2026, approximately $2.6 million is expected to be recognized as third-quarter 2026 revenue.
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Zeolite segment revenue grew 110% year-over-year to $1.9 million, with tons sold up 114% year-over-year to 6,609 tons, driven by continued penetration into the cattle market and expanded distribution across the Company’s traditional industrial markets.
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Invested $22.8 million gross in capital expenditures during the first six months of 2026, primarily to substantially complete the Thompson Falls expansion, acquire the flotation facility (midstream) located in Radersburg, Montana, and fund investments including additional critical mineral rights acquisitions.
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The Thompson Falls expansion was partially funded by a $12.8 million payment received in April 2026 for milestones achieved under the Defense Production Act Title III grant award from the U.S. Department of War (the “DoW”) which reduced the Company’s net cash outlay for these capital expenditures.
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Commissioned the flotation facility (midstream) located in Radersburg, Montana and substantially completed the Thompson Falls, Montana expansion, further strengthening the Company’s vertically integrated domestic antimony production platform.
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Generated $49.1 million of net proceeds from equity issuances during the first six months of 2026, strengthening the Company’s balance sheet and ending June 30, 2026, with $62.2 million of (cash plus U.S. Treasury securities held to maturity, plus a $43.2 million strategic equity investment in Larvotto Resources Limited.
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Working capital doubled to $70.0 million on June 30, 2026 from $35.0 million at March 31, 2026, primarily driven by the equity issuances, providing meaningful operating and capital runway to support the Company’s growth investments.
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Continued expansion of the Company’s domestic critical minerals platform through strategic mining claim acquisitions located in Alaska (Nolan Creek and Fairbanks District) and Montana, and advanced the Company’s Tungsten evaluation through the filing in April 2026 of a Technical Report Summary on the Fostung tungsten project in Ontario, Canada.
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Mark-to-market value of the Company’s strategic investment in Larvotto Resources Limited increased to USD $43.2 million at June 30, 2026 (USD $46.7 million based on the closing market price on August 10, 2026), reflecting continued appreciation of the Company’s critical minerals investment portfolio.
