r/UAMY

Ups and downs continue.

On yesterday's earnings call, UAMY disclosed that it is waiting for decisions on four separate grant applications submitted to the Departments of Energy and War totaling approximately $275 million. The projects involve antimony, tungsten and hydrometallurgical processing.

Thompson Falls, Montana: This is essentially a new/additional smelting facility beside the existing operation, rather than merely tweaking old equipment. UAMY says the project is now basically complete. When the new and existing operations are both running at full capacity, the company expects 15 furnaces and roughly 3–4× historical production capacity.

All you need to know is processing is rare, sooner or later we will recover.

Gary hasn't exactly had a stellar media presence this year. Guidance continues to be wrong. My long term thesis on antimony hasn't changed but ill be looking for a chance to trim my position in the future.

Earnings miss. Lowered guidance. Bummer.

There is no sugar coating this…Q2 was clearly disappointing:
Revenue: $7.9M
Gross margin: 7%
Operating loss: $7.0M
2026 guidance cut from $125M to $60–75M
The guidance cut is the biggest issue and management has some credibility to rebuild.
That said, the DLA story is finally becoming real. The first ~$2.6M of shipments were accepted in July and will hit Q3, with roughly $9.17M of delivered/in-transit/awaiting-inspection shipments identified. Management also expects at least $9-10M of additional government sales in Q3 and still has $57.3M of DLA orders on the books.

If revenue accelerates, margins recover, and DLA shipments convert as promised, the thesis survives. If we get another quarter of delays and weak margins, execution becomes the real problem.

I am betting that he will be announcing a grant award from the DOE during this segment!

According to Reuters (quoted in a Mining.com article), United States Antimony (UAMY) is among the companies invited to tomorrow's White House / State Department critical minerals roundtable.

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If accurate, I think this is noteworthy because it places UAMY in the same discussion as several of the companies that the administration appears to view as strategically important to rebuilding domestic critical mineral supply chains.

What do you all think, is this simply a networking event, or could it signal additional federal support for companies already supplying strategic materials?

DALLAS, TX / ACCESS Newswire / August 6, 2026 / United States Antimony Corporation (“USAC,” “US Antimony,” or the “Company”), (NYSE: UAMY) (NYSE Texas: UAMY), a leading producer and processor of antimony, zeolite, and other critical minerals, and the only fully integrated antimony company in the world outside of China and Russia, will release its financial and operating results for the second quarter ended June 30, 2026, after the U.S. markets close on Tuesday, August 11, 2026.

Certain members of US Antimony’s senior management team will host the conference call and webcast on Tuesday, August 11, 2026 at 4:15 PM ET. Immediately prior to the conference call and webcast, US Antimony will issue a press release regarding the financial and operating results for this period.

Conference Call Details
Event: US Antimony Second Quarter 2026 Financial and Operational Results
Webcast Event Date: Tuesday, August 11, 2026, 4:15 PM Eastern Time
Webcast URL: https://www.webcaster5.com/Webcast/Page/2604/54382