Savvy Trades and Investments

[larrybaz]

UAMY - I most certainly do own some of this, Nelson. A quarter doesn't buy much these days, but it will pretty much get you a share of UAMY!

I was impressed by the Q4 webcast they held on April 17. It really sounded like things were moving in the right direction. A big positive was shutting down the forever-money-losing Mexican operation. I haven't listened to the May 15 Q1 webcast yet, but it's on my to-do list.

The company has a nice-looking balance sheet, and it is NYSE American listed. You don't usually get this with a 25-cent stock.

Antimony is a metal.

And here is some commentary from the May 15 earnings PR:

Commenting on the First Quarter 2024 operational and financial results, Mr. Gary C. Evans, Chairman and Co-CEO of U.S. Antimony Corporation stated, "We believe this first quarter of 2024 was truly a turning point for the Company. We discontinued the historical money losing operations in Mexico and continued to improve the operational performance of the U.S. based assets. The financial results reported today exemplify that occurrence. Most importantly, we have also protected our strong cash position and continue to maintain an extremely liquid balance sheet."

While we are active in making necessary management and supervisor changes at Bear River Zeolite (three new hires since January 29, 2024) and continue to enhance operations with both mechanical and equipment changes having been made, we still experienced over 30 days of downtime during the first quarter of 2024. This is unacceptable. However, we are seeing a dramatic improvement in the overall operating environment at Bear River Zeolite which is leading to higher throughput, improved customer order delivery times, and safety. These necessary improvements will be further observed in future financial reports to our shareholders. The demand for this universally accepted hard mineral continues to expand with a wide diversity of customers. It is also noteworthy that the worldwide antimony metal market price has increased over 34% from $5.31 per pound on December 31, 2023 to $7.14 per pound as of May 10, 2024. Our Thompson Falls antimony processing facility continues to run seamlessly under the direction of Gus Gustavsen, the Divisional President.