United States Antimony Corp. said first-quarter 2026 sales were $6.8 million, down slightly from $7.0 million a year earlier. Antimony segment sales fell 2%, while zeolite segment sales declined 7%.
Gross profit dropped by $1.3 million from the prior-year quarter, with the company pointing to higher labor, factory and freight costs. Net loss widened to $11.3 million, driven in part by $4.8 million of stock compensation expense and a $4.1 million unrealized loss on Larvotto equity securities.
Cash and liquid investments totaled $60.2 million at quarter-end. Inventory rose to $22.0 million from $12.5 million at the end of 2025, an increase of $9.5 million. Debt remained minimal at $162,000.
After quarter end, the company received $12.8 million in cash from a U.S. government expansion grant and $48.6 million in gross proceeds from a stock sale.
Operationally, the company said it expects U.S. antimony mining in 2026, with Montana and Alaska both targeted for higher output than in 2025. In Montana, 800 tons of stibnite grading 10% antimony were hauled to the Radersburg mill in late October and early November, and management said it expects permission to proceed with new mining plans within two weeks.
In Alaska, work at Ester Dome is set to resume before month-end, while the Maclaren River K-M copper prospect is scheduled for a late-summer drill program. At Nolan Creek, management cited a resource of 42,412 tons grading 28% antimony and 0.408 ounces of gold per ton, and said the gross value at current prices exceeds $460 million.
On the tungsten side, the company said its Fostung deposit in Ontario has an inferred resource of 14.62 million metric tons grading 0.17% WO3, containing 53.595 million pounds of WO3. Management said that at a tungsten price of $3,300 per metric ton unit, the gross value before mining and processing would be $9.3 billion.
In zeolite, the company said March 2026 sales were about 60% higher than March 2025, aided by growth in cattle feed applications. As a result of these announcements, the company's shares have moved -10.03% on the market, and are now trading at a price of $8.61. For more information, read the company's full 8-K submission here.
