United States Antimony Corporation Reports 187% Revenue Growth to $10.5 Million in Q2 2025

United States Antimony Corporation (USAC) reported significant financial growth in its latest quarterly filing, with revenues reaching $10.5 million for the three months ended June 30, 2025, compared to $3.7 million in the same period last year, marking an increase of 187%. For the first half of 2025, revenues totaled $17.5 million, up from $6.7 million in the prior year, driven primarily by heightened demand for antimony products. The company achieved a gross profit of $2.8 million for the second quarter, a 127% increase from $1.3 million in the previous year, and a gross profit of $5.2 million for the first half, compared to $1.8 million in 2024.

The company’s operational performance showed notable changes, particularly in its antimony segment, which generated $9.6 million in revenue for the second quarter, a 262% increase year-over-year. This growth was attributed to a significant rise in the average sales price per pound of antimony, which increased from $6.96 to $28.32. However, the volume of antimony sold decreased by 11% in the second quarter and 21% in the first half of 2025, indicating a shift in market dynamics. The zeolite segment also saw a revenue increase of 24% for the first half of 2025, although it experienced an 11% decline in the second quarter compared to the previous year.

In terms of strategic developments, USAC has been actively expanding its operations. The company acquired several mining claims and leases in Alaska and Ontario, Canada, and secured a $5 million line of credit in April 2025 to support its growth initiatives. Additionally, USAC has invested in U.S. Treasury Strips to safeguard against interest rate fluctuations, purchasing nearly $10 million in these securities during the second quarter. The company also reported a significant increase in its inventory, which rose to $6.8 million by June 30, 2025, primarily due to increased antimony stock.

The company’s total assets increased to $47.5 million as of June 30, 2025, up from $34.6 million at the end of 2024, while total stockholders' equity rose to $37.5 million from $28.6 million. However, USAC reported a net loss of $1.5 million for the second quarter, primarily due to increased operating expenses, which totaled $2.8 million, up from $1.2 million in the previous year. The company’s employee headcount has also increased as it continues to expand its operations and improve its internal controls.

Looking ahead, USAC remains focused on enhancing its operational efficiency and expanding its market presence. The company plans to leverage its recent acquisitions and investments to drive future growth, while also addressing the challenges posed by fluctuating market conditions and operational costs. Management expressed optimism about the company’s ability to generate cash flow and sustain its growth trajectory, although it acknowledged the inherent risks associated with the mining industry and market volatility.