United States Antimony Corporation (UAMY) Earnings Call Transcripts

United States Antimony Corporation's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, United States Antimony Corporation (UAMY) reported revenues of $6.8 million, slightly down from $7 million in the prior year, while net loss widened to $11.3 million primarily due to noncash stock compensation and unrealized investment losses. Management maintained their revenue guidance for the fiscal year at $125 million, signaling confidence in ramping production and government contracts, particularly in antimony ingots. The company is actively expanding its operations in critical minerals, including antimony, tungsten, and zeolite, with a notable government grant of $27 million to support these initiatives.

Reported metrics

Guidance from management

Management maintained their revenue guidance for 2026 at $125 million, with expectations of significant production ramp-up and government contracts driving this growth.

What management said

Well, thank you. We're glad to have you on board, Shawn, and you've already done a lot just in a short period of time you've been here. So super. We'd like to now turn the call over to Joe Bardswich. If you would please update everyone on all our critical mineral field activities, Joe?

Joe, before I let you go, regarding our Fostung tungsten mine up in Canada, which I know the market just has not yet figured out how valuable we believe that is. If we were to apply today's tungsten price to what this third-party report, this resource report that we got earlier this year that we filed with the SEC, which states our potential reserves, what would that value be, again, based on today's tungsten price?

What analysts pressed on

Analysts expressed concerns regarding the widening net loss and the impact of rising costs on profitability. There were also questions about the timeline for operational expansions and the ability to meet revenue guidance amidst production challenges.

Main topics on the call

• Revenue Performance — UAMY reported Q1 2026 revenue of $6.8 million, a slight decrease from $7 million in Q1 2025. Management noted, 'Sales for the first quarter of 2026 was $6.8 million, nearly comparable to last year's sales of $7 million.'
• Increased Net Loss — The company experienced a net loss of $11.3 million compared to the previous year, largely due to $4.8 million in stock compensation and a $4.1 million unrealized loss on investments. Management stated, 'The majority of ...
• Government Grant and Funding — UAMY secured a $27 million grant from the Department of Defense, with $12.8 million already received. This funding is crucial for expanding production capabilities, as highlighted by management: 'The U.S. government reco...
• Operational Expansion — The company is ramping up its antimony production infrastructure, with plans to mine in Montana and Alaska in 2026. Management emphasized, 'We expect to see the results of our initiatives in the back half of this year.'

Read the full United States Antimony Corporation transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 21 United States Antimony Corporation earnings call transcripts on record, spanning April 14, 2020 to May 14, 2026. Based on this history, United States Antimony Corporation reports quarterly. The most recent call on file is dated May 14, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

UAMY

Exchange

NYSE

Country

US

Sector

Materials

Industry

Metals and Mining

Calls on record

21

First call

April 14, 2020

Most recent

May 14, 2026

Reporting cadence

quarterly