美国锑业公司2025年季度报告

(Mark One) UNITED STATES ANTIMONY CORPORATION Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒ Indicate by checkmark whether the registrant has submitted electronically every Interactive Data File required to be submitted andposted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was Indicate by checkmark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definitionof “Accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act (Check one): If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No☒ As of May 5, 2025, there were117,922,971shares outstanding of the registrant’s $0.01 par value common stock. Table of Contents Table of Contents Table of Contents Table of Contents UNITED STATES ANTIMONY CORPORATION AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)March 31, 2025 NOTE 1 - NATURE OF OPERATIONS United States Antimony Corporation and its subsidiaries in the U.S., Mexico, and Canada (“USAC,” the “Company,” “Our,” “Us,” or“We”) sell antimony, zeolite, and precious metals primarily in the U.S. and Canada. The Company processes third party ore primarilyinto antimony oxide, antimony metal, antimony trisulfide, and precious metals at its facilities located in Montana and Mexico.Antimony oxide is used to form a flame-retardant system for plastics, rubber, fiberglass, textile goods, paints, coatings, and paper, as acolor fastener in paint, and as a phosphorescent agent in fluorescent light bulbs. Antimony metal is used in bearings, storage batteries,and ordnance. Antimony trisulfide is used as a primer in ammunition. The Company also recovers precious metals, primarily gold andsilver, at its Montana facility from third party ore. At its Bear River Zeolite (“BRZ”) facility located in Idaho, the Company mines and NOTE 2 - BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustments,consisting of only normal recurring adjustments, necessary for a fair statement of its financial position as of March 31, 2025, and itsresults of operations and cash flows for the three months ended March 31, 2025 and 2024. The Condensed Consolidated Balance Sheet These unaudited interim financial statements have been prepared by management in accordance with accounting principles generallyaccepted in the United States of America (“U.S. GAAP”). These unaudited interim financial statements should be read in conjunctionwith the annual audited financial statements included in the Company’s Annual Report on Form 10-K/A for the year ended December This summary of significant accounting policies of the Company is presented to assist in understanding the Company’s financialstatements. These accounting policies conform to U.S. GAAP and have been consistently applied in the preparation of the financial The preparation of financial statements in accordance with U.S. GAAP requires the use of estimates and assumptions that affect thereported amounts of assets and liabilities, disclosure of contingent assets and liabilities known to exist as of the date the financialstatements are published, and the reported amounts of revenues and expenses during the reporting period. Uncertainties with respect tosuch estimates and assumptions are inherent in the preparation of the Company’s consolidated financial statements; accordingly, it is Table of Contents UNITED STATES ANTIMONY CORPORATION AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)March 31, 2025 Reclassifications Certain reclassifications have been made to conform prior period amounts to the current presentation. These reclassifications have noeffect on the results of operations, stockholders’ equity and cash flows as previously reported. Recent Accounting Pronouncements In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvement to Income Tax Disclosures, amendingincome tax disclosure requirements for the effective tax rate reconciliation and income taxes paid. The amendments in ASU 2023-09are effective for fiscal years beginning after December 15, 2024 and are applied prospectively. Early adoption and retrospective In