United States Antimony Corporation Reports Third Quarter and Nine Months Ended September 30, 2026 Financial and Operating Results

DALLAS, TX / ACCESS Newswire / November 12, 2026 / United States Antimony Corporation ("USAC," "US Antimony Corporation," or the "Company") (NYSE:UAMY)(NYSE Texas:UAMY), a leading producer and processor of antimony, zeolite, and other critical minerals, and the only fully integrated antimony company in the world outside of China and Russia, today reported its financial and operating results for the third quarter and nine months ended September 30, 2026.

Third Quarter 2026 Highlights * Revenue Growth: Generated revenue of $10.1 million in the third quarter of 2026, an increase of approximately 16% from $8.7 million in the third quarter of 2025. * Improved Gross Profit: Gross profit increased 113% to $4.3 million in the third quarter of 2026 from $2.0 million in the third quarter of 2025, while gross margin improved to approximately 42% from 23%. * Net Loss: Reported a net loss of $9.5 million for the quarter, which included $2.1 million of non-cash stock-based compensation expense, $0.8 million of depreciation and amortization expense, and a $3.8 million unrealized loss on the Company's investment in Larvotto Resources Limited. * Antimony Revenue Growth Driven by DLA Shipments: Antimony revenue increased approximately 10% in the third quarter of 2026, while pounds sold increased 68% year-over-year, including approximately 162,000 pounds of antimony metal ingots accepted by the DLA, resulting in $5.1 million of revenue. * Industrial Antimony Volumes Up 10% Year-over-Year: Excluding DLA shipments, antimony pounds sold increased approximately 10% year-over-year to approximately 306,500 pounds in the third quarter of 2026, consisting primarily of antimony trioxide ("ATO") sold to industrial customers in the flame-retardant and specialty-chemical end markets. * October DLA Shipments: In October 2026, the DLA accepted three additional shipments totaling approximately 113,000 pounds of antimony metal ingots, resulting in approximately $3.6 million in revenue, for which the Company has received payment. Through October, the DLA has accepted seven shipments totaling approximately 275,000 pounds, or approximately $8.7 million, all of which has been collected. * DLA Cycle Time Improving: The time from sampling to receipt of payment decreased to approximately 70 days for shipments five through seven from as long as 124 days for previous shipments, with laboratory approval, formal acceptance and payment each now taking approximately two to three weeks. These steps are performed by the DLA and its designated laboratories, and their timing is not within the Company's control. DLA Delivery Status Shipment Pounds Value 1 & 2 (Accepted Jul 15; Paid Aug-Sep) ~82,000 ~$2.60 Million 3 & 4 (Accepted Aug 24; Paid Sep) ~80,000 ~$2.52 Million 5, 6, 7 (Accepted Oct 14; Paid Oct) ~113,000 ~$3.60 Million 8 - 14 (8-11 sampled Oct; 12-14 waiting on sampling) ~249,000 ~$6.60 Million Total ~524,000 ~$15.32 Million * Continued Growth in Zeolite Markets: Zeolite segment revenue grew 55% year-over-year to $1.0 million, with tons sold increasing 54% to 3,824 tons, reflecting continued penetration into the cattle market and expanded distribution across the Company's traditional industrial markets. * Strengthened Vertical Integration of the Domestic Antimony Platform: Invested $28.4 million in gross capital expenditures during the first nine months of 2026, primarily for the Thompson Falls smelter expansion, acquisition and development of the Radersburg midstream flotation facility, the purchase of additional mining claims in Montana and Alaska, and increased investment to further modernize our existing machinery and equipment located in both the U.S. and Mexico. The Company's Radersburg processing plant commenced start-up in the third quarter and has begun processing mined volumes from the Company's Stibnite Hill location. Additionally, the Company's new state-of-the-art metallurgical laboratory recently became fully operational. * Department of War Award Expanded: During the third quarter, the Department of War modified the Company's $27.0 million Defense Production Act award, increasing the amount authorized for payment to $20.3 million from $16.2 million. The Company has received $12.8 million under the award, with an additional $7.5 million authorized for payment upon the achievement and formal acceptance of certain specified milestones. * Continued Progression of Robust Critical Minerals Mining Portfolio:* Nolan Creek Technical Report and Bulk Sample: In October 2026, the Company published an Initial Assessment-level SEC Regulation S-K Subpart 1300-compliant Technical Report Summary for Nolan Creek, reporting measured and indicated resource value exceeding $314 million and inferred resource value exceeding $125 million. As an Initial Assessment-level report, it does not establish mineral reserves. Planning is underway for an approximately 1,000-ton exploration bulk sample at Nolan Creek, with timing subject to Mine Safety and Health Administration (MSHA) administrative processes. The resource report details prospective gold and antimony resource. * Fostung Tungsten Sampling Underway: The Company has commenced bulk sampling at its Fostung tungsten project in the Sudbury District of Ontario, building on the Initial Assessment-level Technical Report Summary published in April 2026, which estimated approximately 14.8 million tons of inferred mineral resources containing approximately 54.2 million pounds of tungsten.