United States Antimony (UAMY) Lytham Partners Spring 2026 Investor Conference summary

Leadership and organizational transformation

• Complete overhaul of management and board over the past three years, with only the antimony metallurgist remaining from the previous team.

• New leadership has driven significant operational and strategic changes since 2021.

Market dynamics and supply chain

• China’s 2024 antimony export ban led to a surge in global prices and increased demand for non-Chinese supply.

• Company operates the only two permitted antimony smelters in North America, located in Montana and Mexico.

• Secured high-grade, low-impurity antimony supply from Australia, Bolivia, Chad, and Peru.

• Over 95% of global antimony material is rejected due to not meeting strict quality standards.

Product portfolio and technology

• Manufactures five antimony products, with metal and oxide as primary revenue drivers.

• Holds a $248 million contract with the Defense Logistics Agency for antimony metal.

• Proprietary process engineering and custom machinery make commercial-scale replication difficult.

• Developed a hydrometallurgical facility producing 99.9% pure antimony flake, reducing waste and increasing processing speed.