The Market Online speaks with United States Antimony CEO & Chairman, Gary Evans as United States Antimony Corporation Announces Expansion Plans at its active Antimony Smelter located in Thompson Falls, Montana.
Category
🗞
NewsTranscript
00:00Welcome back to The Watchlist. I'm Lindsay Melchick. United States Antimony Corporation
00:10has announced their expansion plans as is at its active antimony smelter located in Thompson
00:16Falls, Montana. Now here to sift through it all is Gary Evans, CEO and Chairman of United States
00:22Antimony. Welcome, Gary. It's a pleasure to have you with us. Thank you very much for having me on
00:27today. Now we've all seen it, the recent surge in antimony prices and China's export restrictions.
00:33So given that, how is USAC positioning itself to capitalize on the opportunity and ensure a stable
00:40supply chain for its operations? Well, we're in a unique position in that we're the only antimony
00:47smelter located in the United States. We have a second smelter located in Mexico, which makes us
00:54the only two in North America. So we're in a very unique position. And antimony today is not mined
01:02at all in the US or Canada. There is a little bit, I think, coming out of residual mines in Alaska.
01:12So what we're doing is trying to bring in international supplies because China, as of
01:17September 15th, cut off all antimony shipments to any country in the world, including the United States,
01:22for their own national interest. And so we are bringing supplies in today from Australia, from
01:29Canada, comes out of a tailgate of a plant called Tech up there. And we also have some material coming
01:36from the country of Mexico. We will begin mining, though, our own material in the state of Alaska
01:42this summer. And that will be a game changer for us because it'll make us the only fully integrated
01:48antimony company in the world. Wow, that is exciting news. So let's flip over to that restart
01:55of the Madero smelter and the expansion of the zero light production. I mean, what are the key
01:59milestones investors should anticipate in the coming quarters to gauge companies' growth trajectory?
02:04There's a number of things that I think you'll see as catalysts for number one is our financial
02:09results. We actually have a conference call we announced this morning for this Thursday. We'll be
02:14announcing our first quarter results. So just to kind of give you a little backdrop, this company
02:19reported 8 million revenues in 2023, 15 million revenues last year. We've given guidance for 2025
02:27of 35 to 50 million, and I think we will beat that. So you'll see the results on Thursday of our first
02:34quarter, which are record numbers. And that's all been because the price of antimony has gone up
02:40almost six times now from where it was just eight months ago. And our throughput capacity is increasing
02:47and will continue to increase. That smelter expansion you mentioned in Montana will actually
02:53increase our throughput six times of what it is today. And we'll have that done by the end of the
02:57year. So milestones are being financial results, additional throughput through our facilities, and then
03:04the big one will be receiving our own antimony shipments from Alaska, which will allow our margins to grow
03:10significantly better than me buying antimony from third parties. Well, in true Texas fashion, go big
03:17or go home. So this has been a great conversation. And, you know, definitely come back and let's learn
03:23more about this. Great, I'd love to. And it's not a mistake that our stock is the best performing stock
03:28of the New York Stock Exchange the last 52 weeks. So we're excited and we think people go, oh, I've missed
03:34an improvement. I've missed the stock price. We go, no, it's just the beginning. So watch us and we'll
03:40build, we'll be, we're building a multi-billion dollar company here. Love that. Again, that was
03:45Gary Evans, CEO and chairman of United States Antimony. For more information, their website is
03:49usantimony.com. And for all of your market news, stay right here on stockhouse.com.
03:55I'm Lindsay Melchip. We will see you next time.