US Antimony Q2 Revenue Nearly Triples as Smelter Ramp Advances

US Antimony

US Antimony Q2 revenue nearly tripled to $10.5mn, but profit slipped 11%. The company cited higher sales and ramp costs. US Antimony Q2 revenue included $9.66mn from antimony product sales. Management accelerated feedstock diversification and smelter utilization. US Antimony Q2 revenue growth contrasts with margin compression from operating frictions.

Smelter ramp and sourcing reshape operational risk

The firm pushes both smelters toward capacity this year. Thompson Falls expansion should finish before year-end. Madero in Mexico restarted during the quarter. New domestic claims support longer-term ore security. However, permit delays persist in Alaska. The company sources smaller lots from multiple countries. New feedstock will ship from Bolivia, Chad, and Peru. That strategy spreads supply risk but raises logistics complexity.

Regulatory and quality challenges pressured near-term margins. Chinese customs blocked a 50t stibnite cargo for 82 days. Authorities returned the shipment to Australia. Material from Mandalay carried high arsenic and iron impurities. The company may not process that source going forward. These events raised costs and strained cash flow. Management still explores a third smelter but has no firm plan.

The Metalnomist Commentary

US Antimony pairs growth with tougher execution realities. Ramping smelters without stable, clean feedstock caps profitability. Watch Thompson Falls completion, Madero throughput, and impurity management for margin recovery.