United States Antimony Holds Conference Call to Discuss Q3 Financial Results

United States Antimony Corporation recently hosted a conference call on November 12, 2024, to delve into its financial and operational outcomes for the Third Quarter and Nine Months ending on September 30, 2024. The call presented an overview of USAC’s consolidated results, metrics of each business sector, and key points from the balance sheet and cash flow. Participants, including Co-CEO and Chairman Gary C. Evans, Co-CEO and Director Joe Bardswich, Senior Vice President and Chief Financial Officer Richard Isaak, and Vice President of Investor Relations & Global Sales Manager Jonathan Miller, discussed significant aspects of the company’s operations.

The discussion started with a review of consolidated results where it was highlighted that sales increased by 23% over the previous year primarily due to higher antimony sales volume. Gross profit also saw a significant rise of 107%, reflecting improved efficiencies. Operating expenses increased primarily due to specific project costs and salary expenses incurred. The antimony business showed impressive growth in sales and gross profit, while the zeolite sector experienced operational improvements, leading to increased production reliability. Operations in Mexico were discontinued, with ongoing efforts to optimize working capital performance.

Furthermore, strategic moves were discussed, including the acquisition of mineral claims in Canada and Alaska, the progress made in the SEC technical report on zeolite reserves, government interactions for antimony sales, and discussions with international suppliers for antimony ore sourcing. Additionally, focus on expanding sales in the zeolite business and developments in critical mineral property acquisitions were emphasized during the call.

The company has been actively engaging in investor relations efforts, attending conferences, enhancing visibility in financial and industry-specific publications, and participating in research collaborations for zeolite applications. Progress was reported on initiating sales for CattleMax (now Cattle Prime), undertaking research studies for Zeolite applications, and seeking partnerships for critical mineral acquisitions.

Government engagements and efforts to secure funding, including discussions with the Department of Defense, reflect USAC’s proactive approach in addressing critical mineral shortages. The company aims to collaborate with various entities to bolster the domestic supply chain of strategic minerals, aligning with market shifts and anticipating long-term growth opportunities.

USAC’s forward-looking strategies, combined with its operational achievements and strategic collaborations, signal a positive trajectory for the company’s growth and presence in the critical mineral sector. The webcast concluded with a positive outlook on the company’s future prospects, showcasing a strong strategic vision and proactive stance in navigating the evolving landscape of the industry.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read United States Antimony’s 8K filing here.

United States Antimony Company Profile

United States Antimony Corporation produces and sells antimony, silver, gold, precious metals, and zeolite products in the United States, and Canada. It operates through Antimony, Zeolite, and Precious Metals segments. The company offers antimony oxide that is primarily used in conjunction with a halogen to form a synergistic flame retardant system for plastics, rubber, fiberglass, textile goods, paints, coatings, and paper, as well as color fastener in paints and as a phosphorescent agent in fluorescent light bulbs; antimony trisulfide used as a primer in ammunition; and antimony metal for use in bearings, storage batteries, and ordnance.