United States Antimony Corporation · Q1 2026 earnings

Briefing

United States Antimony Corporation reported a net loss of $11.3 million for the first quarter of 2026 driven by higher operating expenses and unrealized investment losses.

The company generated $6.8 million in revenue, down slightly from the prior year, with gross profit declining to $1.1 million due to higher costs. Significant investments in expansion, mining claims, and a new joint venture contributed to a large operating loss, while a $27 million government grant was awarded to support domestic antimony operations.

• Revenue of $6.8 million included $5.6 million from antimony and $1.0 million from zeolite, with domestic sales comprising 95% of total revenue.
• Net loss of $11.3 million resulted from $8.6 million in operating expenses, including $4.8 million in share-based compensation, and a $4.1 million unrealized loss on equity securities.
• Cash and cash equivalents fell to $3.2 million after $12.6 million in capital expenditures and $12.1 million used in operations, offset by a $12.8 million government grant receivable.
• Company advanced vertical integration with acquisition of Radersburg milling facility, $27 million Defense Production Act grant, and new joint venture for hydrometallurgical processing.

Headline financials

Revenue & EPS history

Management is focused on expanding domestic antimony processing capacity using a $27 million government grant and advancing the new joint venture while continuing to invest in mining claims and infrastructure.