United States Antimony raises FY26 revenue view to $125M, consensus $116.07M

Gary Evans, Chairman and CEO of USAC, stated, “This announcement today is a “game changer” for all USAC shareholders. When we began operations on Stibnite Hill earlier this year, we anticipated finding antimony deposits, but nothing like we are currently experiencing. We currently anticipate that profit margins mining our own antimony material will be approximately three times greater than buying from third parties. Our significant expansion of our existing smelter located at Thompson Falls that began in May 2025 could not happen at a better time. We plan to be operational with our new furnaces in January 2026, only two months from now. Once we are back in operations with actual mining activities in Alaska during the months of April/May of 2026, we currently are highly confident of similar additional antimony source material that we will subsequently transfer via truck to our expanded facility in Thompson Falls. Assuming that occurs, this will then allow us to consider substantially expanding our Madero, Mexico smelter to handle additional international supplies that are arriving weekly. The recently announced increase in antimony supply is an important factor in our decision not to re-engage with the management or the board of Larvotto Resources at this time. Earlier this week, Larvotto’s board elected not to proceed with our proposal to acquire the company. While we respect the board’s decision, we do not necessarily agree with its reasoning. United States Antimony (UAMY) Corporation currently holds approximately 10% of Larvotto’s outstanding shares. As the owner of two of only three operating antimony smelters in the Western Hemisphere, USAC recognizes that viable processing alternatives outside of China remain extremely limited. We continue to believe that integrating Larvotto’s future antimony production with our established smelting and refining capabilities represents the most effective framework to strengthen the Western world’s critical-minerals supply chain and reduce dependence on Chinese processing capacity. We will continue to assess whether a constructive path forward may exist with Larvotto. In the meantime, we remain fully focused on advancing the development of our own upstream sources of antimony to support a secure and resilient domestic supply chain.”