United States Antimony Corporation (UAMY) Bundle
A Brief History of United States Antimony Corporation (UAMY)
Founding and Early Years
United States Antimony Corporation (UAMY) was established in 1968. The company was incorporated in the state of Delaware and began operations by producing antimony oxide and metal. The initial production occurred at a facility in California.
Acquisitions and Expansion
Over the years, UAMY expanded its operations through various acquisitions. In 2001, the company acquired the assets of a facility in Mexico to enhance its production capabilities. The acquisition included antimony mines which provided a significant increase in output.
Production and Revenue Growth
In 2019, UAMY reported a revenue of approximately $6.93 million. The company’s antimony production reached about 1,800 tons in the same year, while the production of antimony oxide was around 1,300 tons.
Financial Performance
UAMY's financial performance has shown fluctuations over the years. The revenue for 2020 decreased to approximately $4.6 million due to a decline in demand attributed to global market conditions. However, by 2021, the revenue rebounded to about $6.4 million.
Key Financial Data
| Year | Revenue (in millions) | Net Income (in millions) | Antimony Production (tons) | Antimony Oxide Production (tons) |
|---|---|---|---|---|
| 2019 | $6.93 | $0.01 | 1,800 | 1,300 |
| 2020 | $4.6 | -$0.67 | 1,600 | 1,200 |
| 2021 | $6.4 | $0.3 | 2,000 | 1,500 |
Current Operations and Global Presence
UAMY currently operates multiple facilities in North America and Mexico. The company has diversified its portfolio, including the production of zeolite and other minerals. As of 2022, the company reported an increase in production capacity, aiming to produce over 2,500 tons of antimony.
Market Trends and Future Outlook
The global demand for antimony, used primarily in flame retardants and batteries, has steadily increased. The market for antimony products is expected to grow at a CAGR of 4.2% from 2022 to 2030. UAMY is positioned to capitalize on this growth with its enhanced production capabilities and strategic partnerships.
Challenges and Opportunities
UAMY faces challenges such as fluctuating market prices and environmental regulations. However, opportunities also exist in expanding applications of antimony in green technologies, which could significantly benefit the company's future.
A Who Owns United States Antimony Corporation (UAMY)
Ownership Structure
The United States Antimony Corporation (UAMY) is publicly traded under the ticker symbol UAMY on the NYSE American. As of the latest filing, the shareholders are distributed among institutional investors, retail investors, and insiders.
Key Shareholders
Below is a list of some of the major shareholders as of the most recent financial report:
| Shareholder Type | Name | Ownership Percentage | Shares Owned |
|---|---|---|---|
| Institutional Investor | BlackRock Inc. | 6.3% | 1,376,000 |
| Institutional Investor | Vanguard Group Inc. | 5.5% | 1,256,000 |
| Insider | Richard E. Kern (CEO) | 10.2% | 2,200,000 |
| Retail Investor | Various | 78.0% | 17,200,000 |
Recent Stock Performance
As of October 2023, UAMY shares are trading at approximately $0.45. The company's market capitalization stands at around $20 million.
Financial Performance
For the fiscal year ending December 31, 2022, UAMY reported the following financial data:
| Financial Metric | 2022 Amount | 2021 Amount |
|---|---|---|
| Revenue | $3.5 million | $2.9 million |
| Net Income | -$1.1 million | -$1.5 million |
| Total Assets | $6.5 million | $5.8 million |
| Total Liabilities | $3.0 million | $2.5 million |
Future Outlook
Market analysts projected revenue growth for UAMY in the upcoming fiscal year based on increased demand for antimony products.
Conclusion on Ownership Trends
The ownership of UAMY is characterized by significant insider ownership alongside institutional investment. This can often lead to strategic decision-making and influence over the company’s future direction.
United States Antimony Corporation (UAMY) Mission Statement
Company Overview
United States Antimony Corporation (UAMY), incorporated in 1969, is a mining company primarily engaged in the production of antimony, a critical mineral used in various industrial applications. The company operates in the United States and has interests in mineral exploration and development. As of 2023, UAMY is listed on the NYSE American under the ticker symbol "UAMY."
Mission Statement
The mission statement of UAMY emphasizes the commitment to responsible mining practices, high-quality production, and sustainable development. The company aims to be a leading producer of antimony while adhering to the highest environmental and safety standards.
Core Values
- Integrity: Upholding honesty and transparency in all operations.
- Quality: Commitment to producing superior-quality antimony products.
- Sustainability: Focus on environmentally friendly mining practices.
- Innovation: Embracing new technologies to enhance production efficiency.
- Community Engagement: Building strong relationships with local communities.
Financial Performance
As of the end of the second quarter of 2023, UAMY reported the following financial figures:
| Financial Metrics | Q2 2023 | Q1 2023 | Q2 2022 |
|---|---|---|---|
| Revenue | $3.1 million | $2.9 million | $2.5 million |
| Gross Profit | $1.2 million | $1.0 million | $800,000 |
| Net Income | $600,000 | $500,000 | $350,000 |
| Assets | $10 million | $9.8 million | $8.5 million |
| Equity | $7 million | $6.8 million | $5.5 million |
Production Capacity
In 2023, UAMY has expanded its production capacity as follows:
| Production Metrics | 2023 Target | 2022 Actual |
|---|---|---|
| Antimony Production (tons) | 300 | 250 |
| Antimony Revenue per Ton ($) | $10,000 | $9,500 |
| Total Tonnes Mined | 1,000 | 850 |
| Processing Capacity (tons/day) | 50 | 45 |
Market Position
UAMY is positioned within the global antimony market, which was valued at approximately $2.6 billion in 2022. The expected growth rate for the antimony market is projected at 3.5% CAGR from 2023 to 2030.
Environmental Commitment
UAMY is focused on ensuring that its operations minimize environmental impact. The company has adopted the following environmental initiatives:
- Implementation of water conservation practices.
- Reduction of greenhouse gas emissions through optimized operations.
- Regular environmental audits to ensure compliance with regulations.
- Community education programs on sustainable mining practices.
Future Outlook
For 2023, UAMY is targeting an increase in production and revenue, aiming for a 20% growth compared to 2022 figures. Strategic investments in technology and infrastructure are expected to enhance operational efficiency.
How United States Antimony Corporation (UAMY) Works
Overview of UAMY
The United States Antimony Corporation (UAMY) is involved in the mining, processing, and marketing of antimony and other metals. The company operates primarily in North America, with mining activities based in Montana, and processing facilities in both Montana and Mexico.
Production and Processing
UAMY produces antimony oxide and related products. The primary method employed for the extraction of antimony is through the processing of stibnite ore. The production capacity as of 2023 is approximately 1,000 tons of antimony per year.
Financial Performance
As of 2023, UAMY reported a revenue of approximately $6.5 million. The net income for the same period was around $1.2 million. The company’s earnings per share (EPS) were reported at $0.05.
Stock Information
The market capitalization of UAMY as of October 2023 is roughly $25 million. The company trades on the OTC market under the ticker symbol UAMY.
Market Demand and Pricing
The demand for antimony has been influenced by its applications in flame retardants, lead-acid batteries, and other industrial applications. The average price for antimony was recorded at approximately $8,000 per metric ton in 2023.
Environmental and Regulatory Compliance
UAMY adheres to environmental regulations set forth by the United States Environmental Protection Agency (EPA) and other local regulatory bodies. The compliance costs are estimated at $150,000 annually.
Operations in Mexico
The company operates processing facilities in Mexico, which have contributed to its overall production volume. The processing plant has a capacity of 500 tons of antimony annually.
Table: UAMY Financial Summary (2023)
| Category | Value |
|---|---|
| Revenue | $6.5 million |
| Net Income | $1.2 million |
| Earnings Per Share (EPS) | $0.05 |
| Market Capitalization | $25 million |
| Average Antimony Price | $8,000 per metric ton |
| Annual Compliance Costs | $150,000 |
| Production Capacity (U.S.) | 1000 tons |
| Production Capacity (Mexico) | 500 tons |
Strategic Initiatives
UAMY aims to expand its operations through strategic partnerships and potential acquisitions within the mining sector. The company is currently exploring opportunities for increasing market share and enhancing production efficiency.
Research and Development
Investment in research and development is focused on improving antimony recovery techniques and developing alternative applications for antimony products. The R&D budget for 2023 is around $250,000.
Challenges and Risks
- Fluctuations in antimony pricing
- Regulatory changes impacting mining operations
- Environmental concerns related to mining activities
- Supply chain disruptions
Conclusion on UAMY Functionality
UAMY continues to navigate the complexities of the market while focusing on operational efficiency and compliance. The company's performance in the antimony sector remains a focal point for stakeholders and investors alike.
How United States Antimony Corporation (UAMY) Makes Money
Mining and Production
The United States Antimony Corporation (UAMY) primarily generates revenue through the mining and production of antimony, a critical mineral used in various applications, including flame retardants, batteries, and alloys. In 2022, UAMY reported revenues of approximately $14.7 million.
Antimony Sales
UAMY sells antimony in various forms including antimony trioxide and antimony metal. The company primarily obtains antimony from their operations in the States of Montana and Idaho.
As of Q3 2023, the average selling price for antimony trioxide was around $4,500 per ton. The company produced approximately 1,200 tons of antimony in 2022 alone.
| Year | Antimony Production (Tons) | Revenue from Antimony Sales ($ Million) | Average Selling Price ($/Ton) |
|---|---|---|---|
| 2020 | 850 | 7.2 | 8,470 |
| 2021 | 1,000 | 10.9 | 10,900 |
| 2022 | 1,200 | 14.7 | 12,250 |
| 2023 | 1,300 (estimated) | 15.5 (estimated) | 11,923 (estimated) |
By-Product Revenue
In addition to antimony, UAMY also produces other minerals as by-products, including silver, gold, and lead. These by-products contribute significantly to overall revenue.
For instance, in 2022, the company generated approximately $3.0 million from the sale of by-products.
Processing and Refining
UAMY operates a facility that processes and refines antimony. The refining process allows the company to increase the value of its raw material. Processing revenues contribute an additional $2.5 million annually.
Market Demand
The demand for antimony fluctuates based on global economic conditions and the specific needs of industries that utilize antimony products. In 2022, global demand for antimony was estimated at 150,000 tons, with a projected growth rate of 3% per year for the next five years.
Strategic Partnerships and Contracts
UAMY has established strategic partnerships with various companies to secure long-term contracts. These contracts provide a stable revenue stream and are crucial for financial forecasting.
In Q1 2023, UAMY signed a multi-year agreement with a key customer, projected to contribute approximately $1.5 million per year to the company’s revenue.
Financial Overview
As of September 2023, UAMY reported total assets of approximately $19.8 million, with total liabilities of $7.1 million. This yields a shareholder equity of $12.7 million.
| Financial Metric | Amount ($ Million) |
|---|---|
| Total Assets | 19.8 |
| Total Liabilities | 7.1 |
| Shareholder Equity | 12.7 |
| Annual Revenue (2022) | 14.7 |
| By-Product Revenue (2022) | 3.0 |
Regulatory Environment
UAMY operates under various federal and state regulations, which can impact operational costs and profitability. Compliance with the Environmental Protection Agency (EPA) and mining regulations is a significant factor in operational strategy.
Future Prospects
The company plans to expand operations in response to growing demand and to diversify its product offerings. Forecasts for 2023 indicate potential revenue growth of approximately 5% to 10%.
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