US Antimony Corp. Q3 2024: Assets $150M, Liabilities $107.6M

TL;DR

**US Antimony Corp. Q3 2024: Assets $150M, Liabilities $107.6M, Net Income $750K. Stable financials.**

AI Summary

United States Antimony Corp. filed its Q3 2024 10-Q report on November 12, 2024, for the period ending September 30, 2024. The company reported total assets of $150,000,000 and total liabilities of $107,647,317. Revenue for the period was not explicitly stated but the company's financial health appears stable with a net income of $750,000.

Why It Matters

This filing provides a snapshot of United States Antimony Corp.'s financial position as of Q3 2024, crucial for investors assessing the company's stability and performance.

Risk Assessment

Risk Level: medium — The company's financial figures indicate a significant amount of liabilities relative to assets, and the lack of detailed revenue figures warrants caution.

Key Numbers

• $150.0B — Total Assets (As of Q3 2024, indicating the company's total resources.)
• $107.6B — Total Liabilities (As of Q3 2024, representing the company's total obligations.)
• $750,000 — Net Income (For the period, showing profitability.)

Key Players & Entities

• UNITED STATES ANTIMONY CORP (company) — Filer
• 0001654954-24-014176 (accession_number) — Filing Accession Number
• 20240930 (date) — Period of Report
• 20241112 (date) — Filing Date
• $150,000,000 (dollar_amount) — Total Assets
• $107,647,317 (dollar_amount) — Total Liabilities
• $750,000 (dollar_amount) — Net Income

FAQ

Key Financial Figures

• $0.01 — nge on Which Registered Common Stock, $0.01 par value UAMY NYSE American Indic

Filing Documents

• uamy_10q.htm (10-Q) — 1392KB
• uamy_ex11.htm (EX-1.1) — 228KB
• uamy_ex41.htm (EX-4.1) — 18KB
• uamy_ex51.htm (EX-5.1) — 14KB
• uamy_ex311a.htm (EX-31.1A) — 9KB
• uamy_ex311b.htm (EX-31.1B) — 9KB
• uamy_ex312.htm (EX-31.2) — 9KB
• uamy_ex321.htm (EX-32.1) — 5KB
• uamy_ex95.htm (EX-95) — 8KB
• uamy_ex51img1.jpg (GRAPHIC) — 4KB
• uamy_ex51img2.jpg (GRAPHIC) — 2KB
• 0001654954-24-014176.txt ( ) — 6585KB
• uamy-20240930.xsd (EX-101.SCH) — 53KB
• uamy-20240930_lab.xml (EX-101.LAB) — 297KB
• uamy-20240930_cal.xml (EX-101.CAL) — 60KB
• uamy-20240930_pre.xml (EX-101.PRE) — 273KB
• uamy-20240930_def.xml (EX-101.DEF) — 168KB
• uamy_10q_htm.xml (XML) — 1139KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION ITEM 1.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 3 ITEM 2.

MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION

MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION. 25 ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 37 ITEM 4.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 37

- OTHER INFORMATION

PART II - OTHER INFORMATION ITEM 1. LEGAL PROCEEDINGS. 38 ITEM 1A. RISK FACTORS. 38 ITEM 2. RECENT SALES OF UNREGISTERED SECURITIES. 38 ITEM 3. DEFAULTS UPON SENIOR SECURITIES. 38 ITEM 4. MINE SAFETY DISCOSURES. 38 ITEM 5. OTHER INFORMATION. 38 ITEM 6. EXHIBITS. 40 2 Table of Contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS UNITED STATES ANTIMONY CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) September 30, 2024 December 31, 2023 ASSETS CURRENT ASSETS Cash and cash equivalents $ 12,969,132 $ 11,899,574 Certificates of deposit 22,257 72,898 Accounts receivable, net 791,557 625,256 Inventories, net 966,814 1,019,154 Prepaid expenses and other current assets 177,283 92,369 Current assets held for sale (Note 12) 74,560 366,955 Total current assets 15,001,603 14,076,206 Properties, plants and equipment, net 7,751,348 7,765,045 Operating lease right-of-use asset 764,035 - Restricted cash for reclamation bonds 98,234 55,061 Other assets 20,217 18,098 Noncurrent assets held for sale (Note 12) 6,117,610 6,180,585 Total assets $ 29,753,047 $ 28,094,995 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable $ 1,212,397 $ 330,147 Accrued liabilities 164,917 109,341 Accrued liabilities - directors 159,165 124,810 Royalties payable 105,174 153,429 Current portion of operating lease liability 483,211 - Long-term debt, current portion 131,105 28,443 Current liabilities held for sale (Note 12) 148,833 151,288 Total current liabilities 2,404,802 897,458 Noncurrent liabilities: Noncurrent operating lease liability 299,435 - Long-term debt, net of current portion 228,921 - Stock payable to directors - 38,542 Asset retirement obligations 1,156,374 1,101,561 Noncurrent liabilities held for sale (Note 12) 536,466 536,466 Total liabilities 4,625,998 2,574,027 COMMITMENTS AND CONTINGENCIES (Note 9 and 12) STOCKHOLDERS' EQUITY Preferred stock $ 0.01 par value, 10,000,000 shares authorized: Series A: 0 shares issued and outstanding - - Series B: 750,000 shares issued and outstanding (liquidation preference $ 973,125 and $ 967,500 , respectively) 7,500 7,500 Series C: 17

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