UNITED STATES ANTIMONY CORP (UAMY): Results of Operations and Financial Condition
UNITED STATES ANTIMONY CORP (UAMY) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 tm2622899d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 United States Antimony Corporation Reports Second Quarter and Six Months Ended June 30, 2026 Financial and Operating Results Second Quarter 2026 Revenues of $7.9 Million; Net Income of $0.1 Million Antimony pounds sold up
How this was made
The 30-second read
Why it matters
Traders can update near-term expectations for Q3 revenue recognition from DLA shipments accepted in July, while reassessing margin risk from antimony price declines and the extent to which gains are non-operating/unrealized.
Market read
Fresh SEC-reported execution details (DLA acceptance and expected Q3 revenue) plus updated balance-sheet strength (working capital doubled) provide actionable updates, but Q2 margin weakness tempers the signal.
What to watch
Working capital doubled and equity proceeds increased runway, but the filing also notes large unrealized investment gains and non-cash items that may not translate into operating cash flow.
Background
The company filed an SEC 8-K (Item 2.02) with Q2 and six-month results ended June 30, 2026, including operating highlights and segment performance.
Ticker impact
US Antimony reports Q2 results and says DLA accepted the first 82,000 pounds of antimony ingots in July, shifting about $2.6M revenue to Q3.
Likely modest positive bias for Q3 revenue visibility, partially offset by weak Q2 gross margin and operating loss.
The filing provides concrete shipment acceptance timing and a specific expected Q3 revenue amount, but also shows Q2 revenue down, gross margin at 7%, and an operating loss.
Market effects
Highlights demand and contracting activity for US critical-minerals supply chains tied to DLA shipments, with antimony pricing volatility still a key swing factor.
Supports domestic processing and expansion activity in Montana and Alaska, but the immediate market signal is financial rather than regional.
Reinforces non-China and non-Russia antimony supply positioning, though the filing emphasizes company-specific execution and timing.
Counterpoint
The DLA acceptance helps revenue timing, but Q2 fundamentals deteriorated sharply with antimony selling prices down and gross margin collapsing to 7%.
Key entities
- issuerUnited States Antimony Corporation
Reports Q2 and six-month financial and operating results, including DLA shipment acceptance timing and expected Q3 revenue recognition.
- customer/contracting partyDefense Logistics Agency (DLA)
Formally accepted the first two antimony ingot shipments in July, affecting revenue recognition timing.
- strategic investmentLarvotto Resources Limited
US Antimony’s strategic equity investment whose mark-to-market value increased to $43.2M at June 30, 2026.
