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United States Antimony (UAMY) will host a webcast on May 15, 2024, at 4:15 PM ET to discuss its first quarter 2024 financial and operational results. The webcast will be an hour long and feature Gary C. Evans, Co-CEO and Chairman of the Board, Joe Bardswich, Co-CEO and Director, and Rick Isaak, SVP & CFO. Attendees can join via a toll-free number or an international line, with questions submitted through an online portal. A replay of the webcast will be available until May 29, 2024, on the company's website under the Investors tab.
United States Antimony (NYSE American: UAMY) reported a strong first quarter 2024, with revenues up 28% to $2.83 million compared to Q1 2023. Despite an 11% increase in cost of sales, gross profit surged 108%. However, operating expenses rose by 183% to $892k, including $205k in non-cash stock compensation. Net income for the quarter was $86k. No federal grant income was reported this quarter, unlike $85k in Q1 2023. The company ceased Mexican operations, now classified as discontinued. As of March 31, 2024, USAC's cash position increased to $11.94 million. The company is optimizing its Bear River Zeolite operations despite experiencing downtime, and the global antimony metal price rose 34% since December 2023. Management is also exploring new acquisitions and mineral leasing activities.