Welcome to our dedicated page for United States Antimony Corporation news (Ticker: UAMY), a resource for investors and traders seeking the latest updates and insights on United States Antimony Corporation stock.
United States Antimony Corporation (NYSE American: UAMY) is a diversified mining, transportation, milling, smelting, and sales company with a primary focus on antimony, silver, gold, and zeolite products in the United States and Canada. The company operates through four key segments: United States Antimony, Mexican Antimony, Zeolite, and Precious Metals.
The company’s Antimony Division offers a range of products, including antimony oxide, used extensively as a flame retardant component in plastics, rubber, fiberglass, textiles, paints, coatings, and paper. Antimony oxide also serves as a color fastener in paints, a catalyst for polyester resins and polyethylene terephthalate production, a phosphorescent agent in fluorescent bulbs, and an opacifier for porcelains. Additional products include sodium antimonite for glass fining and flame retardants, antimony metal for bearings, storage batteries, and ordnance, and other precious metals.
The Zeolite Division focuses on the mining and processing of zeolite, an industrial mineral with applications in soil amendment, fertilizer, water filtration, sewage treatment, nuclear waste cleanup, odor control, gas separation, and animal nutrition. Zeolite is mined from the company’s deposits in southeastern Idaho.
Recently, United States Antimony Corporation has made significant strategic moves, including the planned discontinuation of all Latin America operations. This includes the closure of its Madero smelter facility and Puerto Blanco mining facility in Mexico. The decision was driven by consistent negative cash flow and operational challenges, such as stringent new mining laws, safety concerns, and uncollectible tax amounts from the Mexican government.
The company continues its profitable antimony operations at its Thompson Falls, Montana facility, sourcing raw material from Canada. USAC is also exploring new antimony deposits in Alaska and Canada and collaborating with U.S. governmental departments for potential grants and loans.
USAC's financial performance has seen positive trends, with a 28% increase in revenue in the first quarter of 2024 compared to the same period in 2023. The company's gross profit increased by 108% due to improved operational efficiencies and strategic closures. Despite increased operating expenses, the company reported net income of $86k for Q1 2024 and maintains a robust cash position of $11.94 million as of March 31, 2024.
United States Antimony Corporation is dedicated to maintaining its strong market position and continues to explore new opportunities to expand its product offerings and improve operational efficiencies.
United States Antimony (NYSE: UAMY) has announced its participation in The ThinkEquity Conference, scheduled for October 30, 2024, at the Mandarin Oriental Hotel in New York. Gary C. Evans, Chairman and co-CEO, will deliver a presentation at 8:00 a.m. ET. The conference brings together institutional investors, corporate clients, and industry professionals to showcase innovations and financial strategies. Company management will also conduct one-on-one investor meetings throughout the event.
United States Antimony (NYSE:UAMY) announces its participation in the 2024 ThinkEquity Conference at the Mandarin Oriental Hotel in New York on October 30, 2024. Gary C. Evans, Chairman and Co-CEO, will present at 8:00am ET. The management team will conduct one-on-one investor meetings throughout the week in New York City. The conference brings together institutional investors, corporate clients, and industry professionals to showcase innovations and financial strategies.
United States Antimony (NYSE American: UAMY), known as "The Critical Minerals and ZEO Company," has announced its participation in the MicroCap Rodeo Fall Conference on October 16, 2024, in New York City. Gary C. Evans, Chairman and Co-CEO, will deliver a company presentation at 1:30 pm ET and host one-on-one meetings with investors.
Interested attendees can register for the event and view the presentation online. The video webcast of USAC's presentation will be available on the company's website under the Investors tab following the event. This conference provides an opportunity for USAC to showcase its business and engage with potential investors.
United States Antimony (NYSE:UAMY), known as "The Critical Minerals and ZEO Company", has announced its participation in the Noble Capital Markets' Basic Industries Emerging Growth Virtual Equity Conference on September 25, 2024. Gary C. Evans, Chairman and Co-CEO, will deliver a company presentation at 11:30am ET and host one-on-one meetings.
Interested attendees can register for the event at no cost. The video webcast of USAC's presentation will be available on the company's website under the Investors tab and on Channelchek, Noble's investor portal. The webcast will be archived on Channelchek.com for 90 days following the event.
United States Antimony (NYSE:UAMY), known as "The Critical Minerals and ZEO Company", has announced its participation in the iAccess Alpha Buyside Best Ideas Fall Conference 2024. The event is scheduled for September 24 and 25, 2024. Gary C. Evans, Chairman and Co-CEO, will represent USAC, delivering a company presentation on September 24th at 11:30am ET and hosting one-on-one meetings on September 25th.
The conference, hosted by iAccess Alpha, features companies recommended by investors and includes webcast presentations on the first day followed by one-on-one meetings with management teams on the second day. Interested parties can register for the conference and schedule meetings with USAC through the iAccess Alpha website. The presentation will be webcast live and available for replay on both the conference website and USAC's investor relations page.
United States Antimony (NYSE:UAMY), known as "The Critical Minerals and ZEO Company", has announced its participation in the H.C. Wainwright 26th Annual Global Investment Conference. The event will take place from September 9-11, 2024, at the Lotte New York Palace Hotel in New York City, with virtual participation options available. Gary C. Evans, Chairman and Co-CEO of USAC, is scheduled to present an overview of the company's business on September 10, 2024, from 4:00 PM to 4:30 PM Eastern Time. The presentation will be held in the Rutherford Room and will also be available via webcast for remote attendees.
United States Antimony (NYSE American:UAMY) has announced a lease agreement to operate the Contact Mill, a 700 ton per day flotation facility in Philipsburg, Montana. This fully operational mill will enable USAC to upgrade both foreign and domestic ores that previously couldn't meet the cut-off grade for antimony trisulphide production at their Thompson Falls smelter. The facility can also process other metal sulphide ores, potentially creating new income streams.
Additionally, USAC has expanded its Iron Mask Project in Ontario, Canada, acquiring an additional 2,946 hectares of mining claims. This brings their total land package in the Sudbury District to 4,687 hectares, focusing on high-grade cobalt, nickel, and bismuth mineralization. The company continues exploration and development activities in Alaska and Canada to increase short-term production of antimony and other critical minerals.
United States Antimony (NYSE American:UAMY) has acquired 69 State of Alaska mining claims, covering 11,040 acres. The acquisition was based on recommendations from experienced geologists and historical data. A key target is an 8-foot-wide quartz vein with high copper content, averaging 16.5% copper, 0.076 opt gold, and 2.21 opt silver from 13 samples. The area is accessible via 10 miles of existing resource roads from a major highway.
This acquisition, along with recent claims in Ontario, Canada, expands USAC's strategic mineral reserves. The company is considering additional mining opportunities in Alaska and is in discussions with other claim holders. USAC emphasizes the importance of domestic critical mineral access, especially in light of China's recent decision to limit antimony sales globally.
United States Antimony (NYSE American:UAMY), known as "The Critical Minerals and ZEO Company," has announced its participation in the Sidoti August Virtual Investor Conference on August 14-15, 2024. Gary C. Evans, Chairman and Co-CEO, will present on August 14th at 1:00 PM ET and host one-on-one meetings with investors.
The presentation can be accessed live via a provided Zoom link. Investors can register for the presentation and one-on-ones at www.sidoti.com/events, with registration being free and open to all.
Additionally, UAMY released its Q2 2024 earnings on August 9th, 2024, highlighting progress in expanding production capabilities and improving financial performance. Detailed earnings information is available on the company's website.
United States Antimony (NYSE:UAMY) has acquired 97 mining claims and 3 mining leases in the Sudbury District of Ontario, Canada. The property, covering approximately 1,741 hectares, shows potential for high-grade cobalt, nickel, copper, bismuth, silver, and gold. This acquisition aligns with the Canadian government's billion-dollar plan to boost the critical minerals sector, focusing on cobalt, nickel, and copper.
The property's strategic location offers excellent accessibility via provincial highway and proximity to the Canadian Pacific Railroad. It's situated within 10 miles of the Sudbury Basin, Canada's premier mining district. Joe Bardswich, Director and Co-CEO, expressed excitement about the opportunity, highlighting USAC's control over four critical mineral ores: cobalt, nickel, bismuth, and antimony.