United States Antimony Corporation · NYSE:UAMY
United States Antimony — Investor Presentation (August 2026)
25 slides from United States Antimony's investor presentation, August 2026
Slide 1: Investor Presentation
Investor Presentation United States Antimony Corporation August 2026 Gary C. Evans, CEO
Slide 2: Forward-Looking Statements
Forward-Looking Statements References in this presentation to the "Company," "US Antimony," "USAC," the "Company," "we," "us" and "our" refer to United States Antimony Corporation and its consolidated subsidiaries ("USAC"). The statements in this presentation that are not historical facts may be for
Slide 3: >55 Years of Proven Execution: Building a Secure North American Antimony Supply Chain
>55 Years of Proven Execution: Building a Secure North American Antimony Supply Chain Strengthening Supply Security. Powering Defense, Industry & America's Future. 1968 2023 2024 2025 2025 2025 2025 2026 2026 Company Founded Q3: A turnaround of New management team Madero smel ter Tungsten mining cla
Slide 4: Antimony (Sb)
Antimony (Sb) A Critical Mineral for Defense, Energy & Advanced Manufacturing Defense & Military Flame Retardants Energy Storage Ammunition · Artillery Shells · Military Roofing Fabrics · Building Materials · Lead-Acid Batteries · Grid Storage · Electronics Data Centers · Textiles Solar Applications
Slide 5: Scaling North America's Only Fully-Integrated Antimony Producer
Scaling North America’s Only Fully-Integrated Antimony Producer U.S. Antimony is North America's only fully integrated primary antimony miner and producer - and the region's only downstream manufacturer of finished antimony products - supported by two fully permitted, operational antimony smelters &
Slide 6: Revolutionizing Antimony Processing
Revolutionizing Antimony Processing Proprietary Hydromet Technology U.S. ANTIMONY DEMAND EXCLUSIVE HYDROMET Exclusive North American & Australian licensing rights DEMAND GROWTH YOY RIGHTS 23,000 TPY Driven by Licensed Expected to defense, energy proprietary Traditional 3-Stage Process grow 6% YOY &
Slide 7: Robust Portfolio of Mission-Critical Products
Robust Portfolio of Mission-Critical Products Antimony is a designated critical material, essential for defense, energy and technology applications Sb2O3 Flame retardant synergist, Plastics & polymers, Glass & ceramics, Pigments CRITICAL. VERSATILE. Antimony & coatings, PET catalyst Oxide INDISPENSA
Slide 8: USAC Operations Alaska
USAC Operations Alaska Significant resource base. Proven history. Strategic location Nolan Creek Alaska a Legacy of Mineral Antimony & gold district Production True North Alaska has a long history of mining critical Gold project minerals that have supported U.S. industry, infrastructure, and nationa
Slide 9: Resilient Procurement Supply Agreements
Resilient Procurement Supply Agreements Key international partners USAC's international supply partnerships and the restart of our Madero Smelter enhance our strategic leverage against Chinese dominance in antimony. Canada Bolivia Chad • Initial shipments (15 metric tons) of Sb • Contracts finalized
Slide 10: Structural Antimony Deficit, Driving Record Prices
Structural Antimony Deficit, Driving Record Prices China export controls + defense demand + limited western processing capacity Antimony price surge in 2024-2025 reflects large supply-demand imbalance, and U.S. Antimony is well positioned to meet fast-growing western demand through domestic smelting
Slide 11: Tungsten (W)
Tungsten (W) A critical metal for a high-tech world Defense Aerospace Electronics Armor shielding, bullets and Kinetic energy penetrators Semiconductors, X-ray tubes counterweights TUNGSTEN MINING IN CANADA • STRATEGIC LOCATION Located Near Sudbury, Ontario with Existing Infrastructure & Permits • H
Slide 12: Cobalt Canada
Cobalt Canada Electric vehicles Battery cathodes High-grade assets in a tier-1 mining jurisdiction Defense & aerospace Consumer electronics 455 claims COBALT MINING IN (~9,483 hectares) CANADA • STRATEGIC LOCATION Sudbury Basin, Ontario - one of the world's most prolific mining districts. Sudbury Ba
Slide 13: Building a Strategic Critical Minerals Platform
Building a Strategic Critical Minerals Platform Expanding beyond antimony through targeted acquisitions and exploration Powering critical industries meeting global demand W Sb Co CRITICAL MINERALS Tungsten Antimony Cobalt • Antimony (Sb) • Cobalt (Co) • Tungsten (W) Au Zn Gold Zinc Essential PRECIOU
Slide 14: Bear River Zeolite
Bear River Zeolite A strategic industrial minerals platform Bear river zeolite mine & processing facility 82 DRILL HOLES POTENTIAL 200+ STRONG GROWTH OUTLOOK Preston, Idaho COMPLETED YEAR SUPPLY LIFE Positioned for BEAR RIVER ZEOLITE SEC technical report filed One of North America’s largest zeol ite
Slide 15: Assets in North America
Assets in North America Strategic locations. Critical minerals. National security. All catalysts above are applied and in government review with the DoW. Includes grants. Awards and other funding applications. PACIFIC OCEAN ATLANTIC GULF OF OCEAN AMERICA 15
Slide 16: Notable Milestones
Notable Milestones Strong execution. Continued momentum. Positioned for growth. • Year End December 31, 2025 - Revenues up 163% YOY and Gross Profit up 185% YOY • Restarted Madero Antimony Smelter in Mexico in April with new international shipments of raw ore arriving monthly • Continued leasing of
Slide 17: Strong Revenue & Gross Profit Generation
Strong Revenue & Gross Profit Generation Delivering significant growth and enhancing shareholder value Revenue (Us $Mm) Gross Profit (Us $Mm) Consistent execution. Strong financial performance. Positioned for continued 30 +182% 10 +219% growth and value creation. 25 8 20 6 15 $26.2 4 10 $7.2 5 2 $9.
Slide 18: Market Cap Growth vs Share Count Growth
Market Cap Growth vs Share Count Growth JM: TBU, last updated 8/10 Since January 2024 40X 6000% $1,330M / 4,826% 5000% Cumulative Change (%) 4000% UAMY Market Cap increased primarily due to stock price increase not share count growth 3000% Significant market cap appreciation driven by strong stock p
Slide 19: Attractive, Long-Term Strategic Partnerships
Attractive, Long-Term Strategic Partnerships To secure North America supply chains for antimony We have secured a strategic partnership with the Defense Logistics Agency (DLA), aligning with the U.S. government's push under Executive Order 14017 to rebuild resilient domestic critical-mineral supply
Slide 20: Government Grant Applications
Government Grant Applications Summary DIBC (via Cornerstone): $30M Propsal, $25 in USG funds, $5M in USAC funds • “Critical Minerals Production Exploration, Enhancement, Expansion, & innovation for Defense Industrial Base Needs” @ Radersburg DIBC (via Cornerstone): ~$230M, each 20% USAC cost share,
Slide 21: Value Creation Roadmap
Value Creation Roadmap Multiple near-term catalysts supporting growth through 2027 DONE OR IN PROGRESS RECEIVE AWARD OR FEEDBACK ON GRANT $27M DOW 2026 Hydromet Award for Uplisted to Tungsten Apply for Apply for Begin Joint Venture Thompson NYSE Classic Resource $20M Supercharge Delivering S44M DOW
Slide 22: Q1 Operating Results
Q1 Operating Results Revenue, production growth & strategic investment phase REVENUE REVENUE (USD MILLIONS) GROSS PROFIT (USD MILLIONS) $6.78M STRATEGIC INVESTMENT PHASE vs. $7.00M in QI 2025 -3.1% -53.2% • THOMPSON FALLS EXPANSION Construction advancing on new $8M crushing, grinding and flotation c
Slide 23: US Antimony Financial Snapshot
US Antimony Financial snapshot Share Price (06/30/2026) $7.26 Liquidity comprised of cash, investments in debt 52 Week Range (06/30/2025 to 06/30/2026) $3.41 - $19.71 securities and marketable equity securities pro forma for post 3/31/26 equity issuances detailed as Market Capitalization (06/30/2026
Slide 24: Recent Publications
Recent Publications Additional publications may be found at www.usantimony.com/newsroom USAC announces New Joint Venture with Americas Gary Evans, Chairman and CEO joins Money Channel The Exploring Mining Podcast Gold and Silver Corporation NYC Host Cali Van Zant | April 12, 2026 | LINK Bloomberg Te
Slide 25: Equity Research Coverage
Equity Research Coverage FIRM RATING PRICE TARGET ANALYST NAME REPORT DATE B. Riley Securities BUY $13.00 Nick Giles June 29, 2026 View Alliance Global Partners BUY $13.60 Jake Sekelsky May 15, 2026 View William Blair BUY $14.00 Neal Dingmann July 1, 2026 View H.C. Wainwright BUY $11.75 Heiko F. Ihl
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