United States Antimony Corporation · NYSE:UAMY
United States Antimony — Investor Presentation (September 2024)
30 slides from United States Antimony's investor presentation, Sep 24, 2024
Slide 1: United States Antimony Corporation
UNITED STATES ANTIMONY CORPORATION NYSE: UAMY 1
Slide 2: Forward-Looking Statements
NYSE: UAMY FORWARD-LOOKING STATEMENTS References in this presentation to the “Company,” “US Antimony”, “USAC”, “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 forward
Slide 3: Principal business: antimony and zeolite extraction, processing and sale
Our principal business is the extraction, processing and sale of antimony and zeolite hard minerals. • Founded in 1968 • On May 16, 2012, the Company started trading on the NYSE under the symbol UAMY • A turnaround of the Company began in the third quarter of 2023 and is continuing today • Significa
Slide 4: Only North American producer of antimony products
NYSE: UAMY • USAC is the ONLY North American producer of Antimony products, including antimony oxide, antimony metal, and antimony tri-sulfide • Historically, five countries have been the major players in the Antimony space: Bolivia, Mexico, China, Russia, and Serbia/Montenegro. • Bolivia and Mexico
Slide 5: Corporate Office & Plant – Thompson Falls, Montana
NYSE: UAMY CORPORATE OFFICE & PLANT – THOMPSON FALLS, MONTANA Note: Smelter capacity of 1,600 tons per month or 53 tons per day 5
Slide 6: Antimony end-use applications
WATER FILTRATION ENVIRONMENTAL REMEDIATION • Water contamination MUNITIONS • Nuclear • Lead Hardening for Bullets • Coal • Primer Production ASTRO TURF INSULATION FLAME RETARDANTS ANIMAL FEED SUPPLEMENT SEMICONDUCTORS ODOR REDUCTION SOLAR PANELS SEWAGE TREATMENT BATTERIES GAS PIPELINE WATER ABSORBEN
Slide 7: Bear River Zeolite Mine & Plant
BEAR RIVER ZEOLITE MINE & PLANT 7
Slide 8: Bear River Zeolite second quarter 2024 operating highlights
NYSE: UAMY • Run time: 94.3% in the second quarter of 2024 • Tons sold: Up 59% from the first quarter of 2024 • Sales volume: Up 64% from the first quarter of 2024 • CapEx spending: $152k for the first six months of 2024 • Sales backlog: Caught up completely on all sales backlog and building invento
Slide 9: Bear River Zeolite Operations
NYSE: UAMY BEAR RIVER ZEOLITE OPERATIONS • 25 Employees • New V.P. of Operations and experienced plant manager • Modernizing and streamlining crushing/packaging equipment • Drilled 82 test holes in 2024 to determine ultimate reserves of the property under lease ZEOLITE MINE & • Positioned to signifi
Slide 10: Zeolite uses: odor control, animal nutrition, gas separation, sewage
NYSE: UAMY Odor Control: A major cause of odor around cattle, hog, and poultry feed lots is the generation of the ammonium in urea and manure. The ability of zeolite to absorb ammonium prevents the formation of ammonia gas, which disperses the odor Animal Nutrition: According to third-party research
Slide 11: Zeolite uses: soil amendment, water filtration, nuclear cleanup
NYSE: UAMY Soil Amendment and Fertilizer: Zeolite has been successfully used to fertilize golf courses, sports fields, parks and common areas, and high value agricultural crops Water Filtration: Zeolite is used for particulate, heavy metal and ammonium removal in swimming pools, municipal water syst
Slide 12: Zeolite's Role in Nuclear Remediation
Zeolite’s Role in Nuclear Remediation • Three Mile Island (1979): Zeolite was used in the clean- up process to filter out radioactive isotopes from contaminated water in the reactor cooling system. • Chernobyl (1986): Zeolite was used to contain radioactive contamination, particularly cesium and str
Slide 13: Cattle Feed – New In-House Product Line
NEW IN-HOUSE PRODUCT LINE DIRECT TO CUSTOMER LINE ”ZEO-TRUE NATURALS” CATTLE FEED COOP SCOOP ZEO-TRUE SUPPLEMENT CATTLE FEED NYSE: UAMY BRZEOTRUE.COM 13
Slide 14: Benefits of Adding Zeolite to Cattle Feed
NYSE: UAMY ADDING ZEOLITE TO CATTLE FEED CAN OFFER SEVERAL BENEFITS, INCLUDING: Reduction of Ammonia Emissions: Zeolite can bind ammonia in the Improved Digestion: Zeolite can help digestive tract, reducing its emission stabilize rumen pH and reduce the in manure, which can improve air occurrence of
Slide 15: Zeolite YTD June 30 Revenue Comparison
ZEOLITE YTD JUNE 30 REVENUE COMPARISON 1,800,000 1,694,433 1,597,391 1,600,000 1,400,000 1,269,184 1,236,375 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 YTD 6/30/24 YTD 6/30/23 YTD 6/30/22 YTD 6/30/21 15
Slide 16: Antimony products
• ANTIMONY OXIDE • ANTIMONY METAL • ANTIMONY TRIOXIDE • ANTIMONY TRI-CHLORIDE • ANTIMONY TRISULFIDE • ANTIMONY NANOCRYSTALS NYSE: UAMY 16
Slide 17: Antimony market position and critical mineral status
Antimony is on the government's list of critical minerals that are essential for the country's economic and national security We estimate that our present share We own the only operating, permitted antimony of the domestic market and smelter in North America. This facility has been in international
Slide 18: New Lease Agreement for Contact Mill
NYSE: UAMY New Lease Agreement for Contact Mill: • USAC has taken over management and operations of a fully permitted, operational capacity of a 700-ton per day Contact Mill located in Philipsburg, Montana • Facility includes comprehensive processing capabilities (crushing, grinding, gravity, and du
Slide 19: Rotterdam Average Price of Antimony Metal per Lb
$14.00 ROTTERDAM AVERAGE PRICE OF ANTIMONY METAL PER LB (includes metal only) $12.47 $12.00 $10.00 $8.00 $6.69 $5.98 $6.00 $5.50 $5.02 $4.00 $2.00 $- METAL MARKET PRICE PER YTD 6/30/24 2023 2022 2021 LB AT 9/24/24 19
Slide 20: China and Russia control of world antimony supply
NYSE: UAMY • Over 50% of world antimony ore controlled by China and Russia • China is the largest producer of processed antimony including antimony trioxide (ATO). China has accounted for more than 70% of ATO production globally since 2022. • Chinese production of solar cells has surged, therefore m
Slide 21: PPI Commodity Data for Metals and Metal Products
350.0 330.0 310.0 290.0 270.0 250.0 230.0 210.0 190.0 170.0 150.0 PP! COMMODITY DATA FOR METALS AND METAL PRODUCTS, NOT SEASONALLY ADJUSTED —— _— — Item: Years: Metals and metal products Base Date: 198200 2013 to 2023 https://data.bls.qov/timeseries/WPU10?amp%253bdata tool=XGtable&output view=data&i
Slide 22: Sudbury Basin claims, Ontario
NYSE: UAMY • Location: Original 97 claims, 3 leases (4,302 acres) located near the north rim of the prolific Sudbury Basin. Recent additions include 2,946 hectares of new claims now totaling 4,687 hectares • Critical Minerals: High-grade cobalt, nickel, copper, bismuth • Strategic Fit: Supports Cana
Slide 23: Alaska copper claims
NYSE: UAMY • Acquisition: 69 claims covering 11,040 acres in Alaska • Resource Focus: High-grade copper (16.5% in quartz vein), with gold and silver • Strategic Value: Copper aligns with U.S. Dept of Energy, Critical Minerals List for national security and technological applications • Location Advan
Slide 24: Securing domestic critical mineral supply chains
NYSE: UAMY ’ • Strategic Goal: Secure domestic supply chains for critical minerals by 2027, reducing reliance on foreign sources like China and Russia • Key Focus: Antimony, cobalt, nickel, tungsten, copper, bismuth – critical for defense, energy, and tech sectors • Defense Production Act (DPA): The
Slide 25: DOD critical minerals and USAC's expanded mineral portfolio
NYSE: UAMY Critical Minerals Listed by the DOD USAC's Expanded Mineral Portfolio (17) • Antimony USAC is continuing to expand its • Beryllium portfolio to include additional • Cobalt • Fluorspar critical minerals (7) such as: • Gallium • Antimony • Germanium • Bismuth • Graphite (natural) • Lithium
Slide 26: Management and board changes and turnaround progress
NYSE: UAMY • Senior Management Changes • President Resigned from Company and Board • New Chief Financial Officer • New Controller • New VP and General Manager of Bear River • New Plant Manager of Bear River • New SVP – Corporate Development & Government Relations • New VP of Antimony Division • New
Slide 27: Consolidated Statements of Operations
United States Antimony Corporation Consolidated Statements of Operations Unaudited 6 Months Ended 6 Months Ended June 30, 2024 June 30, 2023 Revenues $ 5,645,170 $ 4,475,961 Consolidated Statements of Operations Cost of revenues 3,913,625 3,694,559 Gross profit 1,731,545 781,402 Operating expenses:
Slide 28: Priorities and goals
• Bring this Company to the 21st Century NYSE: UAMY • Continue improving thruput and efficiency at BRZ Zeolite mine with new VP, Plant Superintendent, and Office Manager • Substantially broaden the international customer mix for in-bound raw antimony ore • Completed a thorough review of all Antimony
Slide 29: Evaluating strategic acquisition and mining lease opportunities
NYSE: UAMY Board and management are currently evaluating certain strategic acquisition and mining lease opportunities available in the U.S. and Canada that include both Zeolite and Antimony minerals. These would be complementary transactions, any one of which, if successful, could have meaningful fu
Slide 30: United States Antimony Corporation NYSE Symbol: UAMY
United States Antimony Corporation NYSE Symbol: UAMY Share price (9/23/2024): $0.79 52 Week Range: $0.17 – $0.82 Market Capitalization: $86 Million +/- Significant Cash at 6/30/2024: $12.4 Million Average Daily Volume: 808 K Shares Outstanding: 108.44 Million (at 06/30/24) Company long-term debt: $2
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