Fri, Apr 18, 10:03 AM (28 days ago)
### Summary of United States Antimony Corporation (UAMY) **Financial Performance (2024 vs. 2023):** - **Revenue:** Increased by $6.2 million (72%) to $14.9 million. - **Gross Profit:** Improved to $3.5 million from a loss of $3.3 million. - **Operating Expenses:** Increased by $2.1 million to $5.9 million. - **Net Loss:** Reduced to $1.7 million from $6.3 million. - **Cash and Cash Equivalents:** Increased to $18.2 million. **Segment Performance:** - **Antimony Segment:** - Revenue: $11.1 million (up 88%). - Gross Profit: $3.6 million (up 217%). - Pounds of Antimony Sold: 1.5 million pounds (up 34%). - Average Sales Price per Pound: $7.61 (up 40%). - **Zeolite Segment:** - Revenue: $2.9 million (up 19%). - Gross Profit: $(642,635) (down 30%). - Tons of Zeolite Sold: 11,100 tons (up 9%). - Average Sales Price per Ton: $265 (up 9%). **Strategic Overview:** - Focus on increasing production, decreasing costs, and growing revenue profitably. - Expansion plans include acquiring mining claims in Alaska and Ontario, Canada. - Strategic goals include increasing shareholder value through organic growth and acquisitions. **Future Outlook:** - Positive cash flow generation to fund operations and strategic initiatives. - Potential for additional financing through stock offerings, warrants, and debt. - Continued investment in employees, infrastructure, and operations. **Risk Factors:** - Market volatility and price fluctuations for antimony and precious metals. - Dependence on a single supplier for ore. - Regulatory and environmental compliance costs. - Operational risks including mining accidents and natural disasters. - Geopolitical risks, particularly in Mexico. **Financial Condition:** - Strong cash position with $18.2 million in cash and cash equivalents. - Adequate liquidity to meet working capital and capital expenditure obligations. - Potential for additional financing through stock offerings and debt. **Market Position Changes:** - Increased market share in the domestic antimony market. - Expansion into new markets through acquisitions and strategic partnerships. **Amendment Details:** - The amendment primarily addresses the inclusion of the consent of the independent registered public accounting firm and updated certifications by the Company’s Principal Executive Officer and Principal Financial and Principal Accounting Officer. - No material changes to the financial statements or disclosures presented in the Original Form 10-K.