United States Antimony Reports 163% Revenue Growth and $354 M in New Contracts
United States Antimony Corporation’s 2025 revenue surged 163% to $39.3 million, lifting gross profit 185% to $9.9 million despite a $4.3 million net loss driven by $6.7 million in non-cash charges. The company secured $354 million in antimony contracts, grew cash to $91.3 million and reiterated 2026 revenue guidance of $125 million while scaling Montana mining capacity.
1. Fiscal Year 2025 Financial Results
In fiscal 2025, United States Antimony Corporation increased revenue 163% to $39.26 million and gross profit 185% to $9.87 million, with cost of revenues rising 156% to $29.38 million. The company reported a net loss of $4.34 million, substantially influenced by $6.7 million of non-cash charges.
2. Contract Wins and Market Position
The company executed $354 million in new multi-year antimony supply contracts and saw antimony revenue climb 219% to $35.4 million driven by a 230% increase in average selling price per pound. Zeolite sales rose 14% to $3.4 million on higher volumes and pricing.
3. Balance Sheet Strength and Cash Flow
Cash and investments grew to $91.3 million from $18.2 million year-over-year, fueled by $109 million in equity offerings and warrant exercises. Capital expenditures totaled $27.8 million, including $17.1 million for smelting expansion in Montana and $6.0 million for mineral rights acquisitions.
4. Vertical Integration and 2026 Outlook
Antimony inventory reached 465 tons valued at $11.1 million, up from 78 tons. The company reiterated $125 million gross revenue guidance for 2026 and plans to enhance margins through domestic mining integration at its Montana facilities.