Quarterly ResultMay 14, 2026, 04:29 PM
US Antimony Q1 Revenue $6.8M; Net Loss $11.3M; Reiterates $125M Guidance
AI Summary
United States Antimony Corporation reported Q1 2026 revenues of $6.8 million and a net loss of $11.3 million, or $(0.08) per diluted share, primarily due to increased operating expenses and non-cash items related to strategic investments. Despite the near-term loss, the company achieved significant milestones, including $12.8 million in DoW grant funding, the acquisition of the Radersburg flotation mill, and progress on the Thompson Falls smelter expansion. Management reiterated its full-year 2026 gross revenue guidance of $125 million, anticipating stronger financial performance in the latter half of the year as new capabilities come online.
Key Highlights
- Q1 2026 revenues were $6.8 million, a slight decrease from $7.0 million in Q1 2025.
- The company reported a net loss of $11.3 million, or $(0.08) per diluted share, compared to net income of $0.6 million in Q1 2025.
- Gross profit decreased to $1.1 million (16% gross margin) from $2.4 million (34% gross margin) in Q1 2025.
- Achieved $12.8 million in Department of War (DoW) grant milestones for the Thompson Falls expansion project.
- Acquired the Radersburg flotation mill in Montana for $4.8 million to advance vertical integration.
- Post-quarter equity issuances generated $48.6 million in gross proceeds from 4.2 million shares.
- Reiterated full-year 2026 gross revenue guidance of $125 million, with majority expected in H2 2026.
- Thompson Falls smelter expansion is nearing completion and expected to come online in the next few weeks.