United States Antimony Corporation (NYSE: UAMY) shares tumbled 25.08% to $4.93 on Wednesday as investors reacted to a severe downgrade in its full-year outlook and disappointing second-quarter financial results. The company slashed its fiscal 2026 revenue guidance to a range of $60 million to $75 million, cutting its prior estimate of $125 million nearly in half and landing well short of the analyst consensus of $114.04 million.

The sell-off was triggered by Q2 earnings that missed Wall Street targets on both top and bottom lines. Earnings per share (EPS) came in at breakeven, falling short of the $0.01 forecast, while quarterly sales totaled approximately $7.93 million, missing the $21.70 million projection by 63.48%. This represents a significant drop from the $10.53 million reported in the same period last year.

Financial Performance Breakdown

Despite the revenue shortfall, specific operational metrics showed growth. Antimony pounds sold (exclusive of Defense Logistics Agency sales) rose 26 percent in the quarter. Zeolite revenues surged 110 percent year-over-year, driven by increased demand for industrial minerals used in water filtration and nuclear waste cleanup. Additionally, antimony inventory increased by 178 percent from year-end levels, suggesting preparation for future deliveries.

Operational Context and Outlook

CEO Gary C. Evans framed the quarter as a lag between operational progress and financial results. He noted that while operations have been strengthening monthly, first deliveries to the U.S. Government during the second quarter were not reflected in the financial reporting period. Evans stated that the third quarter should see a minimum of $9 million to $10 million in additional sales, all destined for the U.S. Government, aiming to address the gap between current revenue realization and market expectations.

United States Antimony operates as the only fully integrated antimony company outside of China and Russia, with facilities in Montana and Mexico processing ore into antimony oxide, metal, and trisulfide. The company also mines zeolite at its Bear River facility in Idaho. In 2024 and 2025, it expanded its asset base through acquisitions in Alaska, Montana, and Ontario, Canada, aiming to reduce third-party ore costs.

Analyst Reaction and Technicals

The guidance cut prompted HC Wainwright & Co analyst Heiko Ihle to maintain a Buy rating while lowering the price target to $9.25 from $11.75, a cut of about 21 percent. On the Street, the stock carries a consensus Buy rating with an average price forecast of $10.13.

Technically, UAMY trades 11.9 percent under its 20-day SMA at $5.69, 24.6 percent below its 50-day SMA at $6.65, and more than 36 percent beneath both its 100-day SMA at $8.12 and 200-day SMA at $7.91. The moving-average setup remains bearish with the 20-day below the 50-day, and the July death cross continues to limit rebound strength. However, momentum indicators show the MACD has moved above its signal line with a positive histogram, suggesting selling pressure is easing compared with the previous downswing.

What the Numbers Show

The divergence between the operational volume growth and the revenue miss highlights the volatility inherent in government-dependent supply chains. While inventory buildup and zeolite revenue surges indicate underlying demand, the 63 percent revenue miss underscores execution risks in timing government contract deliveries. The slashed FY26 guidance signals that near-term cash flow visibility remains low despite operational improvements.

United States Antimony Corporation (NYSE: UAMY) announced that its Chairman and CEO, Gary C. Evans, will be featured in a live segment on FOX News's Mornings with Maria, airing Monday, August 10, 2026, at approximately 7:30 am Eastern Time. The appearance underscores the company's strategic focus on critical minerals, positioning USAC as a significant domestic supplier of antimony, zeolite, and precious metals in a market dominated by China and Russia.

The broadcast aims to highlight USAC's unique status as the only fully integrated antimony company in the world outside of China and Russia. This distinction is material for investors and policymakers monitoring supply chain resilience for essential industrial materials. The segment will likely address the growing demand for antimony oxide and metal, which are critical components in flame retardants, batteries, and defense applications.

Broadcast Details

Viewers can tune in live on FOX Business during the scheduled slot. For those unable to watch live, the company stated that a replay of the interview will be available on its official website under the Newsroom section at www.usantimony.com . The announcement was issued from Dallas, TX, on August 7, 2026.

Company Profile and Operations

United States Antimony Corporation operates mining and processing facilities in Montana and Mexico, with additional assets in Idaho. The company produces antimony oxide, antimony metal, and antimony trisulfide, alongside recovering precious metals such as gold and silver from third-party ore at its Montana facility. Its Bear River Zeolite facility in Idaho processes zeolite for applications ranging from water filtration to nuclear waste cleanup.

The company has been actively expanding its resource base, acquiring mining claims, patented claims, and leases in Alaska, Montana, Alabama, and Ontario, Canada, beginning in 2024 and continuing into 2025. These acquisitions are intended to reduce reliance on third-party antimony ore purchases and broaden its product offerings.

Market Context

As a producer of critical minerals, USAC operates in a sector sensitive to geopolitical developments and supply chain disruptions. The company's ability to maintain production levels depends on various factors, including regulatory approvals, energy costs, and market demand for antimony and zeolite. The upcoming media appearance serves as a platform to communicate these operational realities to a broader audience.

Forward-Looking Statements

The press release includes standard forward-looking statements regarding future operations, production levels, and financial performance. These statements are subject to risks such as fluctuations in mineral prices, changes in economic conditions, and operational risks inherent in mining. Investors are cautioned not to place undue reliance on these projections, which speak only as of the date of the release.