United States Antimony Posts $9.5 Million Q3 Loss, Withdraws 2026 Revenue Guidance

Lower antimony prices accompanied United States Antimony's $9.53 million third-quarter loss and its decision to replace its 2026 revenue guidance with a full-year sales-volume target.

Revenue for the quarter ended Sept. 30, 2026, was $10.13 million, up from $8.70 million in the same period a year earlier. The net loss widened to $9.53 million from $4.78 million. Loss per share was 6 cents, compared with 4 cents a year earlier.

Gross profit more than doubled to $4.29 million from $2.01 million, while gross margin increased to 42% from 23%. Antimony sales volume climbed 68% to 468,842 pounds. The average antimony price fell 34% to $18.83 per pound. The quarterly results included a $3.85 million unrealized loss on the company's investment in Larvotto Resources Limited.

The Defense Logistics Agency (DLA) accepted 162,327 pounds of ingots during the quarter, generating $5.1 million in revenue. The quarter also marked the company's first revenue under a five-year DLA contract.

United States Antimony withdrew its 2026 revenue guidance of $60 million to $75 million and now expects to sell 1.68 million to 1.81 million pounds of antimony this year. It sold about 1.41 million pounds in 2025. The company attributed the gap between revenue and production and delivery activity to lower antimony prices, the timing of DLA acceptances and a slower-than-planned production ramp.

The company mines, purchases and processes antimony, zeolite and precious metals.