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United States Antimony Corporation s ( US Antimony, USAC, the Company, we, us, and our, ) principal business is in the mining, procuring, processing and sale of antimony and precious metals, primarily gold and silver, in Montana and Mexico, and the mining, processing, and sale of zeolite in Idaho. Beginning in late 2024 and continuing in 2025, the Company acquired mining claims in Alaska, Monta…
The business is unprofitable at the operating level (-21.54% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 167.5%, still solid. Margins contracted 5.3pp, which offsets some of the top-line progress.
Free cash flow declined 2195% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -$37M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$39M
▲ +167.5% YoY
Net Income (TTM)
-$16M
▼ -150.8% YoY
Op. Margin
-41.83%
▼ -5.3pp YoY
ROIC
-13.45%
▼ -1.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$60M
▼ -2195.3% YoY
Op. Cash Flow (TTM)
-$20M
▼ -536.5% YoY
Net Debt
-$8M
Net Cash Position
Cash & Equiv.
$8M
5Y CAGR: +49.6%
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