UNITED STATES ANTIMONY CORP
UAMY · Primary Smelting & Refining of Nonferrous Metals · 148.2M shares · +1%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: -$119K (gross $449K, SBC $569K)
Reference price $7.45 · est. market cap ~$1.1B — last insider purchase, 2026-06-15 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D49Loss-making critical-minerals junior with a strong balance sheet and a large DLA contract catalyst not yet earning.
Strengths
- Pristine balance sheet: near-zero debt, current ratio 5.4 (84th pct), quick 4.1 (80.8th pct)
- Revenue up 163% (95.2nd pct) with a five-year DLA antimony contract (up to $248M)
Risks
- Negative margins (operating -21.5%, ocf -24.7%) and returns (ROE -3.1%, ROA -2.8%)
- Heavy cash burn (FCF -$37.5M); cash runway ~3.3 quarters; metals-price and financing risk
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
25.2%
Operating margin
-21.5%
Net margin
-11.1%
Return on equity
-3.1%
Return on assets
-2.8%
ROIC
-4.7%
Revenue growth (QoQ)
-47.9%
Debt / equity
0.0×
Current ratio
5.4×
Free cash flow
-$37M
EBITDA
-$7M
Tangible book value
$141M
Cash & investments
$30M
Cash runway
3q
Stock comp / revenue
18.0%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-15 | Marinelli Jon R | Buy | 12K | $7.45 |
| 2026-06-02 | ISAAK RICHARD R | Disposition | 100K | $9.75 |
| 2026-04-02 | Bardswich Lloyd | Disposition | 60K | $8.98 |
| 2026-03-31 | Aguirre Blaise A. | Disposition | 8.4K | $8.23 |
| 2026-03-31 | Aguirre Blaise A. | Disposition | 3.0K | $8.26 |
| 2026-03-31 | Aguirre Blaise A. | Disposition | 9.6K | $8.24 |
| 2026-03-31 | Aguirre Blaise A. | Disposition | 5.0K | $8.20 |
| 2026-03-31 | Aguirre Blaise A. | Disposition | 1.0K | $8.22 |
| 2026-03-27 | Aguirre Blaise A. | Disposition | 6.3K | $8.78 |
| 2026-03-27 | Bardswich Lloyd | Disposition | 36K | $9.05 |
| 2026-03-27 | Aguirre Blaise A. | Disposition | 5.4K | $8.77 |
| 2026-03-26 | Bardswich Lloyd | Disposition | 47K | $9.34 |
| 2026-03-26 | ISAAK RICHARD R | Disposition | 53K | $9.00 |
| 2026-03-25 | EVANS GARY C | Disposition | 100K | $9.81 |
| 2026-03-25 | ISAAK RICHARD R | Disposition | 30K | $10.00 |
| 2026-03-25 | EVANS GARY C | Disposition | 100K | $9.85 |
| 2026-03-25 | EVANS GARY C | Disposition | 100K | $9.88 |
| 2026-03-25 | EVANS GARY C | Disposition | 100K | $9.76 |
| 2026-03-25 | Fink Jeffrey Russell | Disposition | 10K | $9.69 |
| 2026-03-25 | Fink Jeffrey Russell | Disposition | 10K | $10.00 |
| 2026-03-25 | Fink Jeffrey Russell | Disposition | 4.1K | $10.00 |
| 2026-03-24 | Aguirre Blaise A. | Disposition | 20K | $9.16 |
| 2026-03-23 | Fink Jeffrey Russell | Disposition | 5.0K | $9.11 |
| 2026-03-23 | Pagen Melissa | Disposition | 89K | $9.14 |
| 2026-03-23 | Fink Jeffrey Russell | Disposition | 5.0K | $8.91 |
| 2026-01-15 | Carrabba Joseph A | Grant | 6.6K | — |
| 2026-01-15 | Aguirre Blaise A. | Grant | 6.6K | — |
| 2026-01-15 | MCMANUS MICHAEL A JR | Grant | 6.6K | — |
| 2025-10-03 | Fink Jeffrey Russell | Disposition | 8.0K | $8.12 |
| 2025-10-03 | Fink Jeffrey Russell | Disposition | 2.8K | $8.16 |
| 2025-10-01 | MCMANUS MICHAEL A JR | Disposition | 50K | $7.32 |
| 2025-10-01 | ISAAK RICHARD R | Disposition | 50K | $7.00 |
| 2025-09-29 | Bardswich Lloyd | Disposition | 40K | $6.44 |
| 2025-09-26 | EVANS GARY C | Buy | 100K | $6.13 |
| 2025-09-24 | Fink Jeffrey Russell | Disposition | 12K | $7.87 |
| 2025-05-27 | Carrabba Joseph A | Grant | 23K | — |
| 2025-05-27 | MCMANUS MICHAEL A JR | Grant | 23K | — |
| 2025-05-27 | Aguirre Blaise A. | Grant | 23K | — |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (1)
- U.S. Defense Logistics Agency
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-16 | 2026-06-12 | 0001104659-26-074161 ↗ |
| 8-K | 2026-06-08 | 2026-06-03 | 0001104659-26-071104 ↗ |
| 8-K | 2026-05-15 | 2026-05-14 | 0001104659-26-062742 ↗ |
| 8-K | 2026-05-14 | 2026-05-14 | 0001104659-26-061217 ↗ |
| 10-Q | 2026-05-14 | 2026-03-31 | 0001104659-26-061193 ↗ |
| 8-K | 2026-05-06 | 2026-05-04 | 0001104659-26-055951 ↗ |
| 8-K | 2026-05-06 | 2026-05-05 | 0001104659-26-055821 ↗ |
| 8-K | 2026-04-10 | 2026-04-10 | 0001104659-26-041802 ↗ |
| 8-K | 2026-03-23 | 2026-03-19 | 0001104659-26-033361 ↗ |
| 8-K | 2026-03-19 | 2026-03-19 | 0001104659-26-032050 ↗ |
| 10-K | 2026-03-19 | 2025-12-31 | 0001104659-26-032049 ↗ |
| 8-K | 2026-03-17 | 2026-03-16 | 0001104659-26-029595 ↗ |