Quarterly ResultMay 14, 2026, 04:23 PM
United States Antimony Awarded $27M Grant; Q1 Net Loss $11.3M
AI Summary
United States Antimony Corporation reported a net loss of $11.29 million for the three months ended March 31, 2026, a significant decline from a net income of $0.55 million in the prior year. Total revenues also decreased to $6.78 million from $7.00 million. Despite the financial downturn, the company secured a $27.0 million grant from the U.S. Department of War for expansion and modernization of its antimony processing operations and Alaskan mining, with $12.8 million recognized as a receivable. Additionally, the company entered a joint venture with Americas Gold and Silver Corporation and acquired a precious metals milling facility and new mining claims.
Key Highlights
- Net loss of $11.29 million for Q1 2026, compared to net income of $0.55 million in Q1 2025.
- Total revenues decreased to $6.78 million in Q1 2026 from $7.00 million in Q1 2025.
- Awarded $27.0 million DPA grant; $12.8 million recognized as a receivable in Q1 2026.
- Cash and cash equivalents decreased to $3.22 million from $30.49 million (Dec 31, 2025).
- Total assets decreased to $148.05 million from $153.93 million (Dec 31, 2025).
- Total liabilities increased to $16.15 million from $12.97 million (Dec 31, 2025).
- Acquired precious metals milling facility for $4.82 million in January 2026.
- Entered 49% owned JV with Americas Gold and Silver in February 2026.