The following is a summary of the United States Antimony Corporation (UAMY) Q2 2024 Earnings Call Transcript:

Financial Performance:

• United States Antimony Corporation's revenues increased by 26%.

• Gross profit saw a significant boost of 122%.

• Net income from continuing operations reported was $30,000.

• Sales from the antimony business increased by 36% over the prior year, with substantial improvements in gross margin.

• Zeolite business faced operational losses, with a noted improvement in the second quarter of 2024.

Business Progress:

• Accelerated investment in zeolite processing plant and new management brought improved run times and efficiency.

• Discontinued operations in Mexico with focus shifted to alternative sources for antimony.

• New products and marketing strategies introduced, especially targeting the cattle industry with CattleMax.

• Expansion into lobbying efforts to promote zeolite's governmental uses and environmental benefits.

Opportunities:

• Increased sales and profitability in the antimony sector due to worldwide shortages.

• Potential expansion and acquisition opportunities in the zeolite market.

• Strategic government relationships and lobbying efforts to secure contracts and stockpiling for nuclear and environmental uses.

Risks:

• Continued operational losses in the zeolite business despite improvements.

• Dependency on high antimony prices and securing reliable sources amid global shortages.

More details: United States Antimony IR

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