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United States Antimony (UAMY) investor relations material
United States Antimony 17th Annual Southwest IDEAS Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.17th Annual Southwest IDEAS Conference summary19 Nov, 2025
Company transformation and leadership
Complete overhaul of management and board, with a new strategic direction focused on critical minerals.
Market capitalization grew from $20 million to $1.1 billion in under three years, with share price rising from $0.20 to $7.
Emphasis on operational turnaround, asset upgrades, and expansion of mining and refining capabilities.
Senior management and board compensation primarily in stock, aligning interests with shareholders.
Focus on frugal equity issuance and maintaining a low debt profile.
Operations, expansion, and supply chain
Only two antimony refineries in North America, with Montana facility expanding output fivefold by January.
Mexico refinery restarted, targeting 200 tons/month by year-end; new mine in Montana opened, boosting self-supply.
Sourcing antimony globally (Australia, Bolivia, Chad, Peru, Mexico) while developing own mines in Alaska and Montana.
Gross margins expected to exceed 50% with own material, up from 26%-30%.
Exploring and developing cobalt and tungsten assets in Canada, aiming for reserve reports and government contracts.
Government contracts and market dynamics
Secured $245 million Defense Logistics Agency contract and $104 million fire retardant contract.
U.S. military shifting antimony sourcing from China to domestic supply due to executive orders and supply cutoffs.
Military demand for antimony at historic highs, with inventory at lowest levels since WWII.
China controls 65% of global antimony supply and 90% of refining, but is restricting exports for military use.
U.S. government grant of $27 million expected, with potential for future equity investment.
China's export ban: How does this impact market?
Path to 50% gross margin: Detail drivers
Replicate antimony success with Cobalt/Tungsten?
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Next United States Antimony earnings date
Q4 20251 Apr, 2026
Next United States Antimony earnings date
Q4 20251 Apr, 2026
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Eferix Drawings Google Play
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Frequently asked questions
United States Antimony Corporation (USAC), listed under the NYSE symbol UAMY, is a natural resource company focusing on the production and sale of antimony. Since its inception in 1969, USAC has expanded its operations to include the mining, transportation, milling, smelting, and selling of antimony products. The company sources its raw material supply of antimony from properties in Mexico and from third parties globally. The company is headquartered in Thompson Falls, Montana, and its shares are listed on the NYSE.
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