United States Antimony Corporation Reports 128% Revenue Increase to $7 Million

United States Antimony Corporation (USAC) reported significant financial improvements in its latest quarterly filing, with revenues for the three months ended March 31, 2025, reaching $7 million, a 128% increase from $3.1 million in the same period last year. The company achieved a gross profit of $2.4 million, compared to $589,485 in the prior year, marking a substantial turnaround in profitability. This shift was primarily driven by a 140% increase in antimony revenue, which rose to $5.9 million, attributed to higher average sales prices despite a decrease in sales volume.

The company’s operational metrics also reflected positive changes. Total current assets increased to $24.8 million as of March 31, 2025, up from $20.7 million at the end of 2024. Notably, inventories surged to $4 million, significantly higher than the $1.2 million reported at the end of the previous fiscal year. This increase in inventory is indicative of USAC's strategy to bolster its production capabilities in response to rising market demand for antimony and zeolite products. The company also reported a net income of $546,524, a stark contrast to the net loss of $322,768 recorded in the first quarter of 2024.

Strategically, USAC has made notable advancements, including the acquisition of mining claims in Alaska and Ontario, Canada, which are expected to expand its operational footprint and product offerings. The company also extended its lease for a metals concentration facility in Philipsburg, Montana, which is anticipated to enhance its processing capabilities. Additionally, USAC has been proactive in strengthening its workforce, with an increase in employee headcount to support its operational growth.

In terms of cash flow, USAC reported a net cash outflow from operating activities of $1.7 million for the quarter, a shift from the $65,027 inflow in the same period last year. This change was largely due to increased inventory purchases and higher ore prices. However, the company generated $3.2 million from financing activities, primarily from the sale of common stock and the exercise of warrants, which bolstered its cash reserves to $18.7 million as of March 31, 2025.

Looking ahead, USAC remains optimistic about its growth trajectory, focusing on increasing production and expanding its market share in the antimony and zeolite sectors. The company plans to leverage its cash reserves and operational improvements to navigate market challenges and capitalize on emerging opportunities. Management has indicated that they are committed to enhancing shareholder value through strategic acquisitions and partnerships while maintaining a focus on operational efficiency and profitability.