United States Antimony (UAMY) Lytham Partners 2026 Industrials & Basic Materials Summit summary

Leadership and company transformation

• Underwent a complete management and board overhaul in August 2023, bringing in experienced leadership with a track record of billion-dollar company growth.

• Transitioned from founder-led to new CEO Gary C. Evans, focusing on rapid turnaround and operational scaling.

Strategic contracts and financial growth

• Secured a $248 million contract with the Defense Logistics Agency for antimony stockpiling, with $85 million in orders for 2026.

• Revenue grew from $7 million in 2023 to $39 million in 2025, with $125 million guidance for 2026.

• Holds nearly $100 million in cash and marketable securities, no debt, and a $400 million untapped ATM facility.

Operations, technology, and expansion

• Owns the only two permitted antimony smelters in North America, producing five distinct products for various industries.

• Developed proprietary hydrometallurgy technology, enabling processing of lower-grade and impure antimony at scale.

• Hydromet facilities in Montana and Idaho expected to boost capacity up to 1,000 tons/month and enable processing of previously unusable material.

• Joint ventures and exclusive licensing for hydromet technology in the U.S. and Australia, with potential for further international expansion.