UNITED STATES ANTIMONY CORP Q4 FY2024 earnings call

• Consolidated Results: Reported record revenues of $14.9 million, up 72% YOY. Gross profit improved from a loss of $3.3 million in 2023 to $3.5 million in 2024 due to cost efficiencies and price increases.
• Antimony Business: Reopened Mexico operations with engineered production capacity up to 200 tons per month; expanded antimony processing facility in Thompson Falls; acquired mining claims.
• Zeolite Business: Higher maintenance and repair costs in 2024 but ended with more reliable production facility, improved on-time delivery, and safety.
• Mining Leases: Conducted definition drill program at Bear River Zeolite; plans for overburden trenching in Ontario Canada; exploration in Alaska for antimony with state land permitting in process.
• Marketing/Investor Relations: Increased market cap from $20M to ~$200M via investor conferences, social media, and secured research coverage.

Antimony Business: Antimony sales were $11.1 million in 2024, up $5.2 million or 88% over 2023. About 60% of the sales increase relates to average price increase and 40% to volume increase. Zeolite Business: Zeolite sales were $2.9 million in 2024, up $0.5 million or 19% over 2023, with half due to volume increase and half due to average price increase. Consolidated: Fiscal year 2024 sales were $14.9 million, up 72% year-over-year. Gross profit was $3.5 million in 2024 compared to a loss of $3.3 million in 2023.

• Continue increasing intake volumes of antimony at both Thompson Falls and Madero smelters.
• Expand capacity at both smelters by adding additional furnaces.
• Accelerate expansion efforts if successful in receiving government grant monies, predominantly in Montana.
• Grow zeolite sales and improve net margins.
• Initiate mining activities in Alaska to bring high grade antimony ore to Montana facilities by summer.
• Diversify into other critical minerals in US and/or Canada.
• Maintain pristine balance sheet while growing all divisions.

• Delays in DoD grant due to quiet period and presidential changes.
• Concerns regarding tariffs, though not affecting business yet but monitored closely.

Q: What are the estimations of material on the ground at the Alaska plains? And what is the amount of raw tons of material needed to make 1 ton of antimony?

A: Looking at high grade antimony, some in 60-70% range; truckload of 20 tons with 50% antimony worth $0.5 million. Internationally bought antimony is not as high grade as hoped.

Q: We're going to do maybe two more, and then we'll be done. It's been a good bit of time.

A: (No specific question directly answered here as per transcript, but closing remarks made about fast track to $1 billion company and excitement about progress.)