United States Antimony Corp (UAMY) News

And third one. NEW one. Highest target of the three.

DJ United States Antimony Price Target Announced at $3.00/Share by B. Riley Securities UAMY

Second analyst review after earnings, with higher price target.

https://europac.bluematrix.com/sellside/EmailDocViewer?encrypt=b8097e8c-1b9c-4291-87ac-76814f557ec8&mime=pdf&co=europac&id=jsekelsky@allianceg.com&source=mail

Target $2.75.

ANalyst review of UAMY
United States Antimony Corp. (UAMY)



UAMY: Price: $1.79; Market Cap (M): $202
Rating: Buy; Price Target: $2.60



Heiko F. Ihle, CFA



4Q24 and 2024 Financial Results; Surging Antimony Price Drives Revenue Growth; 2025 Guidance; Reit. Buy; PT Up to $2.60



Click here for complete report and disclosures



On March 20, United States Antimony (UAMY) released its 2024 financial results. During the year, the company recorded $14.9M in revenue, which yielded a net loss of $1.7M, or ($0.02) per share. This compares to 2023 revenue of $8.7M, which yielded a net loss of $6.3M, or ($0.06) per share. Revenue mostly reached our estimate of $15.2M for the year. We note that the 72% YoY revenue increase was driven by the significant growth in the price of antimony following China’s recent export ban. In our view, UAMY should maintain an opportunity to record significant revenue amid strong margins in the coming quarters if worldwide antimony supply from geopolitically safe jurisdictions remains below supply. We also emphasize recent margin improvements, as revenue costs decreased about 5% YoY. Finally, we reiterate our view that UAMY remains well-positioned to invest in its operations and generate significant free cash flow given its cash and cash equivalents balance of $18.2M.



4Q24 financial results. During the quarter, UAMY recorded $6.9M in revenue. 4Q24 revenue came in right around our estimate of $7.1M. The firm ultimately incurred a (largely irrelevant) net loss of $1.1M, or ($0.01) per share. In our view, strong performance during the quarter further showcases UAMY's potential over the coming periods, especially with antimony prices surging in December 2024 after China’s export ban. We anticipate this effect to be felt much more in 2025, since this sharp impact to pricing was just before quarter-end. In contrast, we note ongoing increases to UAMY's cost base as management expands the scope of its operations aggressively. Overall, however, we expect UAMY's recognition of significant revenue to meaningfully benefit and significantly outweigh new expenditures of its growing business.



2025 outlook and near-term plans. Management now expects to reach 2025 revenue of $35.0M - $50.0M, which is right around our prior estimate of $40.0M. We stress that our production forecast is likely in-line with actual production though our estimated pricing may ultimately prove to be conservative. The company is restarting operations at its Madero Smelter in Mexico, with new antimony material and raw antimony inventory expected to arrive at site in the near-term. In addition, we highlight that the necessary improvements to furnaces at Madero have been completed and that the site is likely to further improve UAMY’s production and financial performance during 2025.



We reiterate our Buy rating on UAMY and increase our PT to $2.60 from $2.50. The slight increase to our PT was driven by rolling our DCF forward one year, while also accounting for the company's updated balance sheet. Our valuation for the firm remains based on our DCF of antimony and zeolite operations. We maintain our 12.0% and 15.0% discount rates for these businesses, respectively. We value the company’s current operations at $312.4M, in addition to a fixed value of $10.0M that we assign to UAMY's Mexican assets and mining claims in Alaska and Ontario. We then add about $18.2M in cash and cash equivalents before subtracting outstanding debt, ultimately giving the firm a total value of $340.0M, or $2.59 per share. We then round this figure to our final PT of $2.60.



Near-term catalysts. Looking ahead, we plan to monitor UAMY’s continued expansion of production during a geopolitically challenged time. We reiterate that our revenue estimate may ultimately prove to be conservative given current spot pricing amid strong demand. We also highlight that the company’s mining claims in Alaska and Ontario seem to be mostly ignored by the market even as they provide the firm with greater exposure to critical minerals such as cobalt, nickel, copper, and bismuth. Management noted the ongoing turnaround of its firm’s zeolite division, with plant uptime at the site increasing to 98.4% from below 50.0%. The firm has already hired dedicated sales personnel following year-end. In short, we expect to see improvements in revenue and margins for UAMY’s zeolite business going forward, which should ultimately further improve the company’s financial position.



Risks. (1) Commodity price risk; (2) operational and technical risk; (3) liquidity risk; and (4) political risk.



Heiko F. Ihle, CFA
212-356-0510
hihle@hcwresearch.com

Awesome call just now. Looking to go to Russell 2000 in a few months, adding institutional investors now, demand is growing, revenue up to $14MM and expected about $40MM in 2025, and firing on all cylinders. Looking for more positive movement over the next few months. Oh, and with a market cap of about $195MM, he was asked if it can get to $1B. He not only said yes, but it is basically just a stop on the way for him, and he has done it with every other company he has managed. That's 500% or more above today's price. yea - a good call.

On that same day, Dec. 10, UAMY CEO Evans bought 200K shares at $1.45. Insiders obviously see a profitable future. Holding since .72, and plan to ride this for awhile yet! 

The average person / investor doesn't even know what Antimony is, what its used for or that China, which has a virtual monopoly on its processing has barred its sale to the USA. One of the best kept secrets for now and still we're up, up ,up. Good times ahead for those who bought in early.

I'm amazed the board is still so quiet, even with such a rise. For me, from $0.7758 as my first buy on 12/2 to $2.10 today on 12/16, a mere two weeks!! My average cost basis is much higher, at $1.02 because I kept buying up to about $1.25, but still up over 100% in two weeks. Merry Christmas. Anyway, glad to be on board, wrote the $2.50 calls for extra income, and holding for now. See if they get called away from me. If not, that is another nice gain from the stock. Amazed we are still so dead over here!

uamy.......................https://stockcharts.com/h-sc/ui?s=uamy&p=W&b=5&g=0&id=p86431144783

news for tomorrow
We would like to inform our shareholders and investors that the Chairman and CEO of U.S. Antimony Corporation (NYSE: UAMY), Mr. Gary C. Evans, is being featured tomorrow on Fox Business with Maria Bartiromo at 8:30am Eastern Time, Friday, December 13, 2024.



Viewers can tune in live on FOX Business or visit www.foxbusiness.com for details on the segment.



About United States Antimony Corporation



United States Antimony Corporation (NYSE: UAMY) is a leader in the production and refinement of antimony and zeolite, with a focus on supporting critical industries such as defense, technology, and clean energy. As the only antimony smelter in North America, the company plays a pivotal role in ensuring domestic access to this critical mineral, which is essential for national security and modern manufacturing.

For more information, please visit www.usantimony.com.

More news.
On December 10, 2024, MCMANUS MICHAEL A JR, a Director at United States Antimony Corp (UAMY, Financial), purchased 70,000 shares of the company. Following this transaction, the insider now owns a total of 338,333 shares. This purchase is part of a broader trend, as over the past year, the insider has acquired a total of 255,000 shares and has not sold any shares. United States Antimony Corp is engaged in the production and sale of antimony, silver, gold, and zeolite products. The company operates through its subsidiaries and is involved in mining, milling, and smelting operations. The insider transaction history for United States Antimony Corp indicates a positive trend, with 5 insider buys and 0 insider sells over the past year.

UAMY...............................https://stockcharts.com/h-sc/ui?s=UAMY&p=W&b=5&g=0&id=p86431144783

uamy...................................https://stockcharts.com/h-sc/ui?s=UAMY&p=W&b=5&g=0&id=p86431144783

UAMY appeared on my scan and I bought last Wednesday
Hopefully more upside remains for this micro cap company

UAMY................................https://stockcharts.com/h-sc/ui?s=UAMY&p=W&b=5&g=0&id=p86431144783

Hitting the news this afternoon. A little late, but at least hitting.
>

There's way more activity on Stocktwits.

UAMY...........................https://stockcharts.com/h-sc/ui?s=UAMY&p=W&b=5&g=0&id=p86431144783

Why isn't this board and stock more popular??

The fact that people never clued in to UAMY being the only North American antimony smelter is mind boggling!

I agree, I reloaded this morning. I was not aware of the newer management either.

Stars very much aligned...

stars have aligned...

It is!

Is it time?

$PPTA investors finding $UAMY @ .60s: US Antimony Corp..ONLY operating USA mine. Also ONLY USA smelter. Located in Thompson Falls, Montana. $UAMY getting found. BIG play. Link
usantimony.com/uamy-product...

$UAMY .3675 on the move good vol

Why is UAMY stagnating?
Antimony is a strategic metal used to harden lead in ordnance. I would think this is prime time for the Company product with skirmishes taking place in the Ukraine and now Israel. Next location will be either Tawain or Iran. In 2019, the U.S. was seeking to sever its’ reliance on China for Antimony and awarded UAMY a DOD contract. This should be boom a time for the stock.

United States Antimony Co. is a corporation claimant based in Thompson Falls, Montana for 212 closed claims. I don’t understand the closed claim description.

Short 580,000 ,could squeeze with this chart,nice solid candle today is great signal of reversal for next leg up breakout

GOLDEN CROSS now over sma200 12% happens only when it’s being loaded and not diluted or being sold

Eps up 438%,no debt,new good directors joining in,building a solid company?

Eps up 438%,no debt,new good directors joining in,building a solid company?

Income.40M,sales 11M,actual profiting company

Used in batteries,government grants coming?china produces 90%we need our own supply

Can't argue with this presentation. Looks promising moving forward :)

Presentation out: https://www.usantimony.com/company-presentation-uamy

https://finance.yahoo.com/news/u-antimony-announces-webcast-company-133500745.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAEh2q5SxCnkudnTGOh4Eq8Ev_YR_Lv-HJXld8H1gNHdJJkLHSNAX_AAZUYR9wZ2f32GHnsPFz1XbQkHVBtjdz9YsrsD2ZKGbmnRXHrKrku9BaxOYSU9k79KXuzzs51oQjPXaVRtEtkyiX-i3WKuOOm1ePMH6-0vwmIL2dgcGj4a-

Looking better! GL!

she has turned up nicely now that the late filing drama has been put to bed and that new mgmt is coming to finally realize the potential here

either ambri 'or' govt contract would be huge here and imo, 'both' can happen

Good summary

https://seekingalpha.com/article/4617938-united-states-antimony-corporation-uamy-q4-2023-earnings-call-transcript

I take it you've seen the transcript now.

call replay available for next week i believe; my jotted down notes (please verify what i think i heard lol)



Notes:
------
Gary Evans ('lead' director)

10k
11mil rev up 43%
9mil cost
~2mil gross profit
1.6mil op expenses
429k net inc

19.4mil working capital

antimony 2023 price/lb down

trying to increase zeolite sales and prices... streamline ops at BRZ
hiring new divisional mgr

up 56% lbs sold anti sales
up 21% tonnage sold zeolite

within 30 days of q1 end q1 filed....... q2 30 days after that

10k late: unexperienced acct staff... 2022 #'s had to be redone... no numbers had to be changed... clean auditor opinion

historically weak on internal controls... high priority working on sarbanes oxley

new website recently brought online

buyback: $203k bought 419k avg price $0.48 can't buy again until q1/q2 filed

hired new fulltime cfo this week... starting 2-3 weeks.. strong background cost accounting

exec search for new CEO ongoing..

a lot more changes coming.....

1 objective, improve operations to increase share price

claim their story hasn't been pitched properly to the govt....
think they're in a unique position being a US producer to meet some military demands...
goal to better educate govt entities to their capabilities/opportunity

visit from Montana mining (something)

Joe attending conference House natural resources committee .. phoenix... critical minerals.. friday...
antimony 'is' on US critical minerals list

what about Ambri?
frequent contact with senior mgmt at ambri.. so far sole supplier of antimony.. have a confidentiality agreement with them... all they can say is they're very close.. speak frequently with them

cognizant of the fact institutions aren't looking at them
aware of ir/pr..

award from a gov agency would be a newsworthy event.. in a perfect seat to do that

wadley surveying.. material thusfar? bought fair amount of ore from them.. grade is not as high as years past.. maybe miners aren't cleaning the ore... added a gravity table at the smelter
sorts out the antimony ... Mgmt / owners are wadley owe documentation so uamy can finish dd... hasn't been supplied... last meeting 3 weeks ago... agreement has been extended
trying to bring it to a head.... has been a heated discussion with the BOD... not living in a complacency zone

mining in montana? slim to nil skinny veins cost ineffective
reason in Mexico... cost of labor...etc...

trisulfides? 2 new furnaces installed yet? every 100 pours they have to change our a crucible... they're rotating furnaces to eliminate downtime..
enough feedstock to produce as much as the market is demanding? have enough at this point using recycled material from US company... resmelt it again....
no antimony trisulfide shipped into US since 2020
were behind last year... currently have a surplus

had 18 tons of concentrates from guadalupe; currently making into trisulfides now
have 11-12 tons of that left.. virgin material

target for eps or share price next? haven't typically put out projections... hard for a small company... share price is based on delivering... if they deliver it will take care of itself

US-based company in this business... 'option value' ... further support from govt and/or govt agencies

zeolite capacity? can it be scaled? company efforts product differentiation?
BRZ has capacity to product a lot more product...
changes were made.. BOD approved capital..... changes could support 3-4x what it is today
crushing to spec is the key item; why they're looking for an expert outside the company

plans to explore new markets? have to 1st be able to meet demand from current markets/customers.. and then expand upon that... see the opportunity

Chart is in a nice spot

So an investor call, interesting.

Will you get a Twitter handle so I can get you in the new magic group?

probably time to monitor this one imo; mgmt/BOD shakeup... investor call here shortly:


https://www.sec.gov/Archives/edgar/data/101538/000165495423009287/uamy_ex991.htm


THOMPSON FALLS, MT / ACCESSWIRE / July 18, 2023 / United States Antimony Corporation ("USAC"), (NYSE American: UAMY) announces a Company Update / Investor Call for the 18th of July at 2:00 PM Mountain Time (4:00 PM Eastern).



Dial In Information:



Toll free: (888) 506-0062 International: (973) 528-0011

Access code: 160138



Remote Replay available for 7 days:

Toll free: (877) 481-4010

International: (919) 882-2331

Confirmation code /Replay Passcode: 48742


Speakers:

John (Gus) Gustavsen, Chairman & CEO

Gary C. Evans, Lead Director

Joe Bardswich, P.E., Director

Good news today......getting rid of the rot!

they are late on filings; waiting for those to hit-

new website up: https://www.usantimony.com/

Thanks

https://www.defensenews.com/pentagon/2023/03/03/army-to-seek-multiyear-munitions-buys-in-next-budget/

aside from the new players here, insider buying and share buyback, today's pr leaves the door open for grants/contracts imo

maybe time to put this one back on radar 'and' it appears to be at a good entry point?

https://www.nasdaq.com/press-release/u.s.-antimony-uamy-announces-approval-received-from-dod-for-third-final-antimony

new director is extremely encouraging (and he is buying): https://www.sec.gov/ix?doc=/Archives/edgar/data/101538/000165495422015958/uamy_8k.htm