United States Antimony Stock Price, News & Analysis

U.S. Antimony (NYSE:UAMY) has appointed Jonathan Miller as Vice President of Investor Relations and Global Sales Director, effective July 22, 2024. Miller, 39, brings extensive experience from his previous role at SRAX, Inc., where he led significant revenue-driving initiatives. His expertise in securing strategic partnerships and achieving revenue growth is expected to be valuable in scaling USAC's business and enhancing investor relations.

Gary C. Evans, Chairman and Co-CEO of USAC, emphasized the importance of this appointment, stating that it's time to educate the investing public about the company's turnaround in operations and financial results. Miller's experience in marketing and storytelling through non-traditional forums is expected to help USAC reach a broader investment community, including both retail and institutional investors.

U.S. Antimony (NYSE American:UAMY) has appointed Aaron C. Tenesch as Vice President of its Antimony Division, effective July 15, 2024. Tenesch, 44, brings extensive experience in the mining industry, specializing in project development and flotation optimization. His background includes roles as Process Manager, Director of Plant and Milling Operations, and Mill Superintendent at various mining companies. Tenesch holds an M.Sc. in Geosciences from the University of Montana and has a history of academic achievements, including being nominated as a NASA McNair Scholar.

Joe Bardswich, Co-CEO of USAC, expressed confidence in Tenesch's appointment, citing his knowledge of product supply worldwide and valuable business contacts in the antimony industry. The company views this addition as important for their planned expansion of antimony operations.

U.S. Antimony (UAMY) has appointed Melissa Pagen as Senior Vice President of Corporate Development and Governmental Relations. Pagen brings over twenty years of experience in various sectors including energy and water treatment. She has a strong background in business development, investor relations, and branding. Her recent roles include Senior Vice President of Corporate Development at Evergreen Sustainable Enterprises and various executive positions at GreenHunter Resources. The company believes Pagen's expertise will help address historical supply constraints, enhance product branding, and meet governmental needs for critical minerals.

United States Antimony (UAMY) will host a webcast on May 15, 2024, at 4:15 PM ET to discuss its first quarter 2024 financial and operational results. The webcast will be an hour long and feature Gary C. Evans, Co-CEO and Chairman of the Board, Joe Bardswich, Co-CEO and Director, and Rick Isaak, SVP & CFO. Attendees can join via a toll-free number or an international line, with questions submitted through an online portal. A replay of the webcast will be available until May 29, 2024, on the company's website under the Investors tab.

United States Antimony (NYSE American: UAMY) reported a strong first quarter 2024, with revenues up 28% to $2.83 million compared to Q1 2023. Despite an 11% increase in cost of sales, gross profit surged 108%. However, operating expenses rose by 183% to $892k, including $205k in non-cash stock compensation. Net income for the quarter was $86k. No federal grant income was reported this quarter, unlike $85k in Q1 2023. The company ceased Mexican operations, now classified as discontinued. As of March 31, 2024, USAC's cash position increased to $11.94 million. The company is optimizing its Bear River Zeolite operations despite experiencing downtime, and the global antimony metal price rose 34% since December 2023. Management is also exploring new acquisitions and mineral leasing activities.