UNITED STATES ANTIMONY CORP

Listed Company

UAMYCIK 0000101538NYSENon-AcceleratedSmaller ReportingPrimary Smelting & Refining Of Nonferrous MetalsMontanaFY ends Dec 31

Period

FY 2025

Revenue

$39.26M

Net Income

$-4.34M

Total Assets

$153.93M

Equity

$140.96M

Shares Out

143.37M

Op. Cash Flow

$-9.69M

Business

UNITED STATES ANTIMONY CORP is principally engaged in the processing and sale of antimony and precious metals and the mining, processing, and sale of zeolite. Its primary products include antimony trisulfide, antimony oxide, antimony metal, coarse and fine zeolite, and refined and unrefined gold and silver. The company is organized into two reportable segments—an antimony segment that comprises its Montana processing facility and its USAMSA facilities in Mexico, and a zeolite segment represented by Bear River Zeolite in Idaho. It sells products to customers in the United States, Mexico, and Canada and operates processing and mining facilities in Montana, Mexico, and Idaho, with acquired mining claims in Alaska and Ontario.

Summary from filing dated 2025-03-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	39	15	—	—	—
Cost of revenues	29	11	12	9	7
Gross profit	10	3	−3	2	838,605
General and administrative	3	2	2	658,242	677,558
Salaries and benefits	12	2	639,172	481,106	298,506
Professional fees	2	968,750	643,208	302,901	264,502
Loss on sale or disposal of property, plant and equipment, net	51,350	11,097	217,921	0	—
Gain on lease termination	−469,822	—	—	—	—
Other operating expenses	2	475,010	581,647	205,736	—
Total operating expenses	18	6	4	2	1
Loss from operations	−8	−2	−7	348,205	−660,257
Interest and investment income	810,546	668,543	—	—	—
Unrealized gain on investment in equity securities	3	—	—	—	—
Other miscellaneous income (expense), net	−12,693	−8,135	69,945	−39,891	599,788
Total other income, net	4	660,408	720,714	96,529	—
Loss before income taxes	−4	−2	−6	444,734	−60,469
Income tax expense	0	0	0	16,073	—
Net loss	−4	−2	−6	428,661	−60,469
Preferred dividends	−7,500	−7,500	—	—	—
Net loss available to common shareholders	−4	−2	−6	381,383	−108,663
Basic (in dollars per share)	−0.04	−0.02	−0.06	—	—
Diluted (in dollars per share)	−0.04	−0.02	−0.06	—	—
Basic (in shares)	124	109	108	—	—
Diluted (in shares)	124	109	108	106	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	30	18	—	—	—
Investment in debt securities held to maturity	5	—	—	—	—
Accounts receivable, net	4	1	625,256	784,457	891,314
Inventories	13	1	1	1	—
Prepaid expenses and other current assets	434,842	160,954	92,369	137,599	0
Note receivable	3	—	—	—	—
Total current assets	55	21	14	22	24
Property, plant and equipment, net	42	13	13	12	11
Operating lease right-of-use assets	48,106	565,289	0	—	—
Investment securities held to maturity - noncurrent	16	—	—	—	—
Investment in equity securities	40	—	—	—	—
Restricted cash for reclamation bonds	162,756	98,778	—	—	—
IVA receivable and other assets, net	330,207	408,519	509,237	897,679	242,721
Total assets	154	35	28	35	35
Accounts payable	7	2	456,935	628,803	1
Accrued liabilities	3	2	133,841	201,149	273,785
Current portion of operating lease liabilities	34,103	626,562	0	—	—
Current portion of long-term debt	136,942	132,252	28,443	94,150	13,230
Total current liabilities	10	4	897,458	2	2
Operating lease liabilities, net of current portion	14,003	129,007	0	—	—
Long-term debt, net of current portion	58,483	195,425	0	217,855	—
Asset retirement obligations	3	2	2	332,011	298,649
Total liabilities	13	6	3	3	3
COMMITMENTS AND CONTINGENCIES (Note 4,7,13)	—	—	—	—	—
Common stock, $0.01 par value, 250,000,000 shares authorized; 140,042,270 and 112,951,317 shares issued and outstanding, respectively	1	1	1	1	1
Treasury stock (149,639 and no shares of common stock at cost, respectively)	−574,153	—	—	—	—
Additional paid-in capital	186	69	64	64	64
Accumulated deficit	−45	−41	−39	−33	−33
Total stockholders' equity	141	29	26	32	32
Total liabilities and stockholders' equity	154	35	28	35	35

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net loss	−4	−2	−6	428,661	—
Depreciation and amortization	1	1	959,445	909,220	880,880
Accretion of asset retirement obligation	77,932	73,081	13,471	17,766	6,930
Noncash operating lease expense	289,542	190,280	0	—	—
Share-based compensation	7	568,588	0	—	—
Accretion income from investment in debt securities held to maturity	−416,004	—	—	—	—
Write-down of inventory to net realizable value	919,053	65,647	2	277,146	0
Change in allowance for credit losses	−9,256	−261,047	−239,772	—	—
Change in IVA receivable reserve	1	140,057	388,442	—	—
Other noncash items	—	−16,107	−7,500	−647	0
Accounts receivable	−3	−213,468	−80,571	47,507	−652,680
Inventories	−12	74,738	−2	−596,794	−405,207
Prepaid expenses and other current assets	−283,888	−68,585	45,230	−137,599	0
IVA receivable and other assets, net	−1	−39,339	—	—	—
Accounts payable	3	1	—	—	—
Accrued liabilities	1	1	−67,308	−72,636	74,986
Accrued liabilities - directors	2,644	16,477	51,847	—	—
Stock payable to directors	—	−38,542	−22,917	—	—
Net cash (used in) provided by operating activities	−10	2	−5	−249,277	−2
Proceeds from redemption of certificates of deposit	—	72,898	186,959	0	—
Purchases of investment in debt securities held to maturity	−20	—	—	—	—
Purchases of equity investment securities	−37	—	—	—	—
Issuance of note receivable	−3	—	—	—	—
Proceeds from sales or disposals of property, plant and equipment	13,366	315,625	0	—	—
Purchases of property, plant and equipment	−28	−430,596	−2	−2	−648,128
Net cash used in investing activities	−87	−42,073	−1	−2	−653,126
Principal payments on long-term debt	−132,252	−103,488	−283,562	−64,745	—
Proceeds from exercises of stock options	117,667	—	—	—	—
Acquisition of treasury stock related to equity awards	−449,475	—	0	−202,980	0
Proceeds from issuance of common stock, net of issuance costs	104	3	0	—	—
Proceeds from exercise of warrants	6	1	—	0	2
Net cash provided by financing activities	109	4	−1	−267,725	24
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	12	6	−7	−2	21
Interest paid in cash	16,654	8,869	10,521	15,141	5,539
Recognition of operating lease liability and right-of-use asset	86,188	787,477	—	—	—
Equipment purchased with note payable	—	402,722	—	—	—
Property and equipment included in accounts payable	2	—	—	—	—

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