United States Antimony (UAMY) 17 Nov 232023 Q3 Earnings call transcript

Company Profile

Participants

Gary C. Evans	executive
Richard Isaak	executive
John Gustavsen	executive
Joe Bardswich	executive
Melissa Pagen	executive

Call transcript

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Operator

Greetings. Welcome to United States Antimony Corporation Third Quarter Financial Review and Investor Update Webcast. [Operator Instructions] Please note this conference is being recorded.

I will now turn the conference over to your host, Gary Evans, Chairman of the Board.

You may begin.

Gary C. Evans

appreciate financial this as statement update and our afternoon, an Matthew, call. quarter third review you, everybody Friday on joining investor Thank as well

our Gustavsen, have conference us Joe Officer; X.X caught that this is Isaak, is cues company's and other today, who the the which the the we months one of for and On people. Chief ago call Bardswich, getting John and one joined directors; filed. who one Executive is is company's CFO all X up responsible timely Rick our

is will Pagen and the Melissa help also helping session So on the She Q&A today. be call. arrange call this in

we've like -- Meeting, but we X existing did Meeting the conference say date the proxy, will let going I'd divided be for for to items that just that among year I a of you whole of our XX. election there is know I'm kind directors. Annual up call up December lot this Annual wanted not So the fiscal for or a agenda the statement morning. to front, our set And -- the In year to file we today participants. proxy our which on calendar X for XXXX And

a equity doing now. the for company's then our that has management may And CPA, be that is for not an the number been well to new and of Board accounting audits the the item incentive members. existing has implemented plan, which Assure to while hired We've existing case been years for books firm, incentivize a third as ratify as

you wanted to just to that. So alert I

because meeting We held the as date all the be especially of end current and and get that electronically, shareholder had as There will other an the done Christmas didn't now. between want meeting, date didn't to which a receiving well. our we will statements that shareholder have this a not was, be will choose New are for before You the current, of Year's. reason be physical than virtually without information year, we financial other annual getting to and any meeting the all

was time we many have why have so to notice. -- that we ahead of it give days that's So

was take date that to X that let third quarter be overview and like the give So here over Rick a Rick? why floor. and months chosen. I'd was the XX, will ended of now the he and September first financial

Richard Isaak

Thanks, Gary.

and and be our was going quarter but have improvements a been continue third operational operational The rough will one financially to improvements, forward. quarter made of we some areas focus

income quarters than X First, compared XXXX each Gross for versus and XXXX. decreased the from looking of XX% XXXX to other at our of and for businesses as year-to-date decreased decreases periods the third income net third of These well to for the quarter and XXXX profit XXXX quarter metals. X% the came compared statement. Sales precious time XXXX. first of

similar was XX% First, average This representative is weeks third year-to-date per weeks price primarily sales about ton quarters. periods time periods more and downtime XXXX comparison more XXXX sales of versus in trend ton the our in for and with third more downtime due our XX% variation XXXX. time XXXX the during expectations. in zeolite The during sales This average our of year-to-date caused fairly and equipment XX quarter Zeolite and year-to-date price production metrics in decreased XXXX. the business. our quarter causing to failure versus and line during per for X is

and to we has products increased we fill facility-related monitoring our profit Zeolite labor maintenance that more had strengthen downtime increase primarily purchased new during customer to and our but our decreased cone to cone the we features had gross some with of has and in With downtime. able can production. production and equipment The we An crusher this goal orders a the when process to costs due XXXX, can better were issues production store prevent performance maintenance production failure been production orders customer with fill to in XXXX, of the quicker. occurred stored. so October example costs we

to predominantly lower the in pound Antimony time was low consistent with due price market Next, sales and per of X% the of antimony. per well versus the percentage sales periods quarter decline pound, This year-to-date our to ore antimony third for decreased price and rates due sales antimony XXXX. a in the antimony. the XX% as XXXX for decreased processing as lower primarily profit which gross business. Antimony containing was

the cash of statement. during to X I of first X components flow this decrease. months the Cash want of highlight XXXX. Moving decreased the to

net was still a incurred in the on loss of after P&L, the this we drain First, a Even adding charges noncash $X.X cash. million. back

operations fourth purchasing in footnote. We loss we and Based make have in exclude our changes you these Mexico had from in if included name the segment couple. of third operations additional we the a loss on quarter the improvements some in Mexico downsizing operations, our Mexico The quarter. may to made a profit. our slight would changes, is However, the some with personnel results from better inventory

These store zeolite that items, strengthen to we and we capital so which Second, examples during warehouse space crusher, and are to cone customer additional spent eliminate store interruptions and more quicker. cone seasons on zeolite which, much of build process product business, of these to made XXXX. I'll to ore orders store prevent fill you, customer for was improvements done production zeolite on our in our our issues improvements back orders sheds can fill million was built pass products we wet Couple winter $X.X to improvements production Gary. it again, quicker. to spent to to the the salt the in of

Gary C. Evans

over Gus call to the Gustavsen, turn our now Gus? We'll Rick. you, CEO. Thank

John Gustavsen

market the $XX,XXX of antimony And of May or months. XXXX pricing. to the has and of world metric bit asked antimony. pound $X.XX been ton antimony per XX I in price XX for now a was at peaked decline talk a about a on It antimony little or kind

things important estate weighed the on sector, heavily a happened Some collapse to then economy adversely is is that market. One U.S. spending in Two is which end the pandemic actually threatening of the Chinese in of the complete real China. have since affect entire the

outfitted and stuff in be a the of flame furniture homes lot and additional retardant. that During bought people has pandemic, offices all all that, of of their to

stopped. spending As you know, that and stopped, incentives has those spree have

lead the expensive last winter, has Europe on gas Israeli, will natural well. Hamas very impacts impact, European had entire Ukraine the effect of a the the and flame again batteries. in Germany's for has Ukraine, and retardant of cars, as terrible got Russian here retardant terrible U.S., the shutdown. alloy on war cable the and war economy economy economy. rest The Israeli upholstery, current basically strike and lead-acid winter probably flame for the greatly especially but UAW The and for the had or this ended course, on antimony a antimony just wire

material more. price a are regular supply this considerably in raw with normal continuing would raw upside, antimony China bit price the of material, the times supporting fallen On shortages have in quite

global who we impact pricing have potentially got become a the of could on antimony. producer Perpetua large On they for antimony large of a a negative years, may horizon, few

sold-out in keep said, All that do being ourselves we a position.

to prices. with We are able compete the Chinese

market, pound for a peak quantities. of antimony FOB price we selling $X.XX $X.XX May it the Gary? is Thompson FOB at Montana XXXX, example, truckload back in Just a quantities. That's an the Today were Falls truckload antimony in the pound for for in

Gary C. Evans

All right. That Thank very was Gus. now turn insightful. over Joe Bardswich. the I'd like you, to call to

for directors our of Joe. of on a years, the One who's number been board

Joe Bardswich

that the that of lot to hasn't fanfare. of about And in upon comment Los asked a fanfare acquisition a feel and property several lived people up to I lot years Juarez initial was its ago Mexico, it

and out was to done, lack delay work but including due the holes drill at just lot resource. et of cetera, millions with Some work no that reserve calculated, sufficient to of of ] small the or [ quantities, continuity a establish was resource mining

former high Director, this property. in Baitis, Dr. was very

high That gold detailed years them. that program values recommends rock study Los Before results. enormously portions couple were to software circulation, including up diamond website chip or last the RC, which engaged review up the leapfrog compilation on he technical to and very firm everybody he reverse see in continued surveys a be are Juarez, drilling intended that that exploration soil the and exploration by data completed of so available package the is geochemical it company. on were Directors over of and can left, XD XD made proficient a to and But the the in follow put was at assess drilling that technology, is to core

any dip were the recording previously meet SEC. A reporting quality has advised and of to recommend the of geophysics required detailed industry locations, drill these It's quality instruments level hole now completed geophysics modern, will geophysical assurance, and as to standards additional more and our higher save data a azimuth holes The report deep-penetrating drilling program of such by on that doing believed enhance in and drilling. costs. the program collection also control exploration that parameters utilizing selection upgraded been used prior

turn or I'm still it ways ore resource. to away ore from the Gary. a even delineating it's long high reserve on property but I'll an you, back Basically, an

Gary C. Evans

Joe. you, Los I'll maybe couple And about Juarez. make Thank a comments All right. of

we've We Joe it potential. properties be this at But it's As or here. important, have, I the look and not the more is properties particular from it Joe all us of and Board, management Joe study mentioned, testing, think the property, of still management, has this Blanco, some still of company. there the taken was encouraging by is be we as where It's that got And in shared most Puerto when There's kind to mentioned, on to other -- at once Mexico, various quantifiable. perspective, it potential Juarez, my needs look has outlined, the top the recognize definitely Madero that Los a done. we is the Board pretty it. hard that all smelter

going trying concentrate and -- is there. a we I So there confirm finding to potential. of our And the lot understanding know gold down antimony silver, can quite that all is with and potential properties that about that, activity delineating are of joint and of there's hopefully there is a on adjacent efforts on better it, partner. also past, possible but interesting. potential venture was There there we're in bit a the talk lot a

more So property and it Management that. that is going definitely to your is address work warrants a Board

the to our talk questions I you how would to the of we've might group. With let summarized X that, listeners quarter think months. ask and kind Matthew, about I this And they

Operator

[Operator Instructions]

Melissa Pagen

questions. the Okay. read go I'll ahead and

ahead go first question. to going I'm and consolidate questions. into have We this

First there focus is of hard a now? all to all, at making with question company and thank USAC? companies who zeolite management to with right any for USAC or future. And main prominent are an are exciting -- working working is, you prospects deals interested tangible with reference notable The

Gary C. Evans

I that to try Okay. respond Gary. Melissa, will this to is question.

some Idaho. you'll note spent the like I sort of we respect up property, think future property around the predominantly had bright very it's company. BRZ we've in with in capital prior the we Preston, zeolite felt XXXX, calls if to the in a been that catered Zeolite mentioned And

maintenance that's continue an the look in been there. to talk year of acquisition are working this I they that improvements had attempted have amount stand But due couple that where we made the think on made additional property, we to property. company think, focus an can obviously a be opportunities and regarding to should poor of at inordinate obviously repair. A we've this of the we zeolite and that but And that we liberty to that, future. has is this to potential downtime were poor that great are different we space. past lot and the potential decisions a So at in there in believe acquisitions, We've about continuing area

And next that, so ask Melissa. we think I question, the can with

Melissa Pagen

the covering were segment. Okay. Most of questions Zeolite the

you said covers just So that I pretty think those questions. what much

Gary C. Evans

Anything else coming?

Melissa Pagen

it wraps up. that think I

Gary C. Evans

someone. is Here

Melissa Pagen

on please. Hold on, Hold please.

Gary C. Evans

operations currently That's Gus I can a question. you that best we I'll also work talk if are about let I the antimony Melissa. Montana think met this to selling And good of spec trisulfide U.S. you Since Antimony Department you question. with maybe how repeat has there. is to would that, want, Defense? And -- up answer Gus, mill our requirements, and

John Gustavsen

Okay. Sure, Gary.

have me, back to but it Let's material for and the DLA got goes see. the we to and it to It's Defense. question surprised than the sell not market, company proper of an you directly the many, also military the that, Department DLA. Department not I'm the to and to which I can spec, larger rate, the old size be met recreational it the military, and mill reading same is be material an approval We sold it that sell read, grinds market. At any do it old, that much we years, guess we a many the spec. can sold have sell from sits Defense nor of they package it

we're in with a loose them. So partnership

We has are the the sole do the DLA company that of blessing this. to

way it the doing So now. we're that's

sent out stockpile they that's stuff from have they that that that have go material We years they us. oversized they of stuff undersized accumulated size primers. and it, that a when to the company cannot And over into have that's

that We are material. reworking currently

for furnace poured melt if we big all electric size break send ingot, period proprietary a into where We temperature the to ground. certain trisulfide and a and be a have you of out ingot, we this it that out of baseball of certain time, antimony at We will. we chunks

have producing properties our at of are got tons Mexico, of Puerto in do we mill. mined more XX currently a We've from that Blanco stockpile antimony about We Montana. sulfide at one of concentrate and

have We material can that continue hope you, tons future. Back to that acceptable we antimony of that Gary. trisulfide, X.X getting we to to the successfully in suppliers to and converted

Gary C. Evans

good. you, Gus. Very Thank

Melissa Pagen

Gus. you, Thank

need So additional you the raise will next funds? question, to

Gary C. Evans

if on that I I acquisition a know, we answer So question everything significant and the based the answer say, no. only would is to is have

has this that And of the is goal mine done live means to cash been most to have. is in we predominantly within Mexico. year we try spending intent mitigate which Our need up outlay, capital We've the the the to the already. BRZ at

the wrong, million correct at Is third $XX end are if we correct? of I'm Rick, think you cash. quarter, that the I of around me

Richard Isaak

Yes. Yes.

Gary C. Evans

Mexico if price, we and needed be combination we be we're proper to them can will no buying to So with headcount continue a a funds at the expenditures proper that position products be reduce in sure selling and the of our price making should that raised. at in

Melissa Pagen

Okay.

in next you that rate the past, speak future? to you production for Can completed or the the have. Thank we upgrades? improved all prior efforts. to repairs question, you versus mentioned is packaging Also, For and the zeolite still the in

Gary C. Evans

answer don't that why Rick, you question?

Richard Isaak

Okay.

packaging. that, The the second part to

looking packaging to line. are We still get automation at packaging in that of the the into process

at new So And are that, can kind that how to good that of still hurt production is is get And process. has able trying what first the the produce I in fast part of what faster rate. the sense product cone a of think rates, to produce. a downtime the

somewhat downtime to August October. we with intention, to think that in the producing cone hammer I we at improvements crusher screen the doing at production with I and get around X again, we're maintenance well more the out produce throughout a per that produce had is line. rate. that and we the as faster new faster a the the I Sweco obviously, of the production rate line mills as out and then, of will were and think tons think that's and -- product I that But think that, got the yet we our early hour, and at July seen before in given be But that

Joe Bardswich

the take there XX-inch, should I mill it Rick, to screen XX-inch old XX-inch that or was just increase I screen, it line. to -- can on in was then it XX-inch put hammer up production on the were bumped able and which I it a think certainly add you from, to and a you guess,

the expect So to those very also of the that well. going production screens I but screening of surface your for of with greater installation think accounted I downtime much some have certainly that effect on positive that a as that's area

Richard Isaak

Yes, I agree.

Gary C. Evans

a headhunting to candidates firm to I start X mention also Preston, in X I production have up got new we We that actually manager e-mail Idaho. engaged an facility today general received one a for looking or just seasoned the find And Yes, other at. BRZ thing.

So it identified, and management have the at hopefully, BRZ. goal, is that all our days we hired next so operations XX our interviewed by someone continue to can within and to improve Board

Next question?

Melissa Pagen

little drilled is Okay. topic. related a more same This bit that question on and -- down a little

equipment the With installed to running any unforeseen and more USAC profitability without market downtime, under return current should conditions?

Gary C. Evans

Rick, respond? do you to want

Richard Isaak

that refers the going I'm refers BRZ So were to just to I to think made. it sure guess, terminology USAC comments since was if overall. I'm that the the not that company

Gary C. Evans

Yes.

Richard Isaak

Okay.

to it think with back were able with flowing, So previous quarters. production quarters, being you yes, there that profitable and the at has BRZ, downtime have look do and not I hurt if

I just it's materials causes think or maintenance more lot the disruption inefficiencies, and in stintX labor. that has costs that caused line whether the a

for you expectation the yes, kind made we've the with see should can that So now improvements that turn P&L And we'll the of quarter. in around. is the that -- that third

Gary C. Evans

question? Next

Melissa Pagen

you of demand and all demand? Okay. anticipate able being your to future currently Does supply do outstrip zeolite meet

Gary C. Evans

I'll try in jump to to Rick answer that, be. if can and needed then

-- we in of XXXX the we attempt mine have downtime to so we've XXXX, at inventory I'm that like can one do supply meet began calendar So we it as and can to change this have that had things meet in actually sorry, well, we BRZ greater had was we -- when so demand.

available to mining idea of is of in and inventory winter operations. also some past the prohibited So the supply conditions have the have

that regarding being finished changes product inventory. were some was that This at I those really last inventory. we units filled bins time silos in the some outdoor large Rick not storage up inventory. is happening. So put unprocessed And available there properly least so And being could are were was storage where was have you utilized some that has could made there that

think on I hard is making and some processed the of the inventory comes. demand management to BRZ us demand zeolite, meet So unprocessed allowing decisions when

your to question, able And have demand. to been meet we so answer

did we X.X lost could deliver we the months. is customer Now just than lose order. it. in quicker wanted reason the was that last a we it And large But the contract only it a delivery

And competitors that improve all that position trying be and best we want mentioned production, doesn't One to again. happen of it. where both Joe our to the Rick things our a daily We're in a property got But crusher. this a manage concerning least that's the better. way. at a we're screens, concerning be in manager to new find trying We're to general also cone the trying better to while

So at present, got on that's a reason has you'll statements. to and in able see for that financial we're the inventory part that demand, And year all meet large we've been been builds a those inventory builds long. the working

You'll see amount. gone a fair the up have inventories

Next question?

Melissa Pagen

still in supply Ambri? we are question, Next talks to

Gary C. Evans

I don't are familiar I'm that. you? not with know. Gus,

John Gustavsen

net. solar grid end is Yes. in based Ambri molten at wasted. and for energy on who have calcium from wind invented words, electrical other the that In the electrode one from when energy -- a that blowing right when at Because great now, hopes electrical to of supplier is and Massachusetts, is transmit store engines or battery is just antimony it. place of the There's net company a Cambridge, the a for electricity room uses to a storage being end. no lot other They the of a wind magnesium the shining. sun a major

waste. lot success to goes a So of

XX with talking have Ambri, years. been for We maybe

have very relationship with We good a them.

rate, solutions are are It be close Ambri. as antimony, them vanadium out supply, not competing and have at but to hope or year, quantity They there with bigger now. been now we large as X much very only not by whatnot. to. hoped we to years we were technologies and in But every very they them about any talking supplying for some increases using are there had X We

Melissa Pagen

Okay.

question. your to was in better What stays supplier American in ore feedstock? sure that Next online getting changed of the quality? make sending ore Is better has North you it mentioned fully back It buying were Mexico.

Gary C. Evans

Rick, do respond this? you want to to

Richard Isaak

Yes.

for back talk are sending American I about know from Mexico of up, been two So Gus Antimony. that's The yes, bit good metal. can at quite ore that U.S. is supplier a basically ingots very feedstock better us is relationship producing a things. the well as they One, and good

ready of a on focused which customer. state gets side that they've much pretty so antimony that the production, a And to be to is in sold the

to what certain at The them sure try having we supplier. they sales is per ore of a or that at allows talk price. Gus, a basically it the lower the and purchase percentage or I -- doing a where about it's be antimony rate to antimony and we're antimony what if rate them antimony than don't you only concentrate and less were North a to know make better pound can certain at buying, higher, price hopefully process with American want more

John Gustavsen

than we even extended early an of go the in by same keeping and probably have did maintenance as we a shipments, in They or in the But supply very up received end actually. year do they're regular the unexpected, early down the December shutdown January. amount before. have the summer, for that, last They with breakdown will other the summer year will in interruption the year, with

So good with shape we're in them.

Gary C. Evans

Okay.

Melissa? question? Next

Melissa Pagen

Are that? thoughts Or there can the without stock need climb back the for Sorry. split? reverse on up any

Gary C. Evans

question. I answer will that

can a know a everybody, that call split on today investors be think double-edged reverse stock especially this I sword.

over your Let's reverse split, is a look $X and stock positive institutional allow positives. ownership. at stock the The get

stock you but If moves There's today, at it with is is based. XX% mix historically. institutions our look what retail shareholder that nothing wrong

you an either split. believer, a big conjunction with shareholders. and reverse a an to to It beneficial doing do a I'm So needs acquisition, just stock equity something done stock be though, be that's that offering, don't material split to reverse in

statement our not at and in around, up needs think to see that then We mandating turned do that to and time. entertain necessary. get split next to approval can So move company back be where have that's profitable, that proxy stock allow this this but be ability to at to we if stock we may point be think it the reverse I a are needed, the year will you when

not the is So at it point, this table. on

Next question?

Melissa Pagen

time? they limited Is to acquisitions management to being able market are negotiated? this due open in at zeolite possible buy the Or the

Gary C. Evans

cannot answer That question. -- question that -- can't that I I -- answered. I be can't is would

question? Next

Melissa Pagen

higher at the product Next modernization question. mix changed the average BRZ zeolite zeolite price In future, sales. will to

Gary C. Evans

can Rick, that? you jump on

Richard Isaak

start that. Yes, can I

talking with in to get line they're to have run think that needing we of and goal production think blessed I kind as of as opportunities the and the to way. us And out they things very several stabilize, the want the customers, get And sales the know through really much flowing grow other that once we there I that are is that well. secure, to be we as think product, knowledgeable we us the are are, we go running. production requesting are and that BRZ I good store partners, will what customers So the production of good we'll are when at can that having level And make. machines with and how employees want. And also with from

I sales think into haven't areas average higher zeolite go strong in there. as to Is start kind get where additional is a there of also for. line. the lot profit price? our that's it. Gary, financial there? It sales focus of gross been add to we -- can important going Possibly. aspect and maybe that anything think be I There's a bottom part that that we in used other and is to other areas And

Gary C. Evans

No, Rick. I good, think that's

next us question. Let to go

Melissa Pagen

since you year? are comment mining with Resources potential any Next Perpetua they likely collaboration to next on Would question. start

Gary C. Evans

be I'm We believe knows And little year. a Okay. and say here, and talked years this me about this respond. let not then the to quite a possibly they bit Joe bit but minimum a better X within going He next I'll company. we than will of mining have X.

Gus. have we Joe or we doing Gus that done comment with on and some are but presently can further anything work the not So Perpetua. with firm. Joe

Joe Bardswich

difficult is construction look on Just is ramp-up start to they X-year on there's a it land federal mining. which they when not permit, reflection that, to their they going that, have if mine feasibility elaborate anywhere before U.S. any you how a for still in do their to study, the mining are And at on start

out a there. And and them relationship for the quite ways done we've the work let still there's the past. I'll So talk in Gus about

John Gustavsen

you gold. I that agreement have in This even when back tell we We are is place with Gus. collaborative can communication official but Perpetua don't quite in we it have in minus been frequently. conversations was any

Gary C. Evans

Thank Great. you.

Next question?

Melissa Pagen

ways incorporate Next into are uses? some What to more question. Antimony mainstream

Gary C. Evans

Gus or Joe, have there? any you guys thoughts got

John Gustavsen

Go ahead, Joe.

Joe Bardswich

going was the that. you're say expert Thank I on to you.

John Gustavsen

well-known The are users time. and a of very, have for well been known long Antimony very

and being of of just and mainstream, by spot huge for a way, size These antimony uses are are far far lead can Ambri amount visit used in piping a there's shooting doesn't have electricity. submarine very it. of in cable for all the led as hotel that few between. in has very, while for bright in is used for to storage you it virtually nothing as flame New batteries, car antimony One that in technology about antimony batteries. we spoke batteries, used little containers. But the in batteries. and was rail It's It's as ago, a huge touch Lead used that bullets. the they the storage you go They're and retardant. hardening store a

between. are new ones and users the as I few actually -- mainstream So and far a quite or say,

Gary C. Evans

question? Next

Melissa Pagen

an With U.S. would Antimony into you and effort rebranding Next question. company the zeolite, to increased zeolite corporation? consider

Gary C. Evans

possibility. hate way defining Mexico, any specific have we real we a antimony is mineral. term -- company I of get or in out large in a which a obviously, Well, with if

I if zeolite be And that name. we and gold do so Mamba and would we to be a do [indiscernible] with U.S. mineral silver, corporation stuck want or we something. decide I don't we're mining want -- to mean

the antimony much reason that's anyway, would decision. business, be the a But becomes true sense, no a smaller obviously, company's we shareholder if overall of -- there's decision or my if part having So board it then a just to name.

question. Next

Melissa Pagen

What is BRZ? at capacity the max

Gary C. Evans

Rick, Well, you that? about of to talk want kind do

Richard Isaak

Yes. not probably is question that No, I answerable. mean

know, you each get capacity, industries. we max to used And increase as that industries. would sell different whenever areas love will Zeolite, to lot lot more we of is into think those a areas, definitely and we I that in a of capacity. of

production. hard we So will sales, increase continue to we to as will we And BRZ. capacity increase to push increase at need our it,

Gary C. Evans

question. Next

Melissa Pagen

new that purchases help company? any available there Are new may the or equipment technologies

Gary C. Evans

The continuing come had to number to other and yes, look companies, We've a technologies. and at things. actually automization we're of We've BRZ. particular, is talked about those in answer out

past baling buy used equipment, Unquestionably, was capital have answer that's is the equipment paying the the because wire capital. and developed new but this and way to technology. today, new we're didn't yes. So or And Obviously, company company on band-aids. any in required they price run the is that has

trying we we're our as we enhance to best to production. we improvements preserve have, can those improvements afford capital deem to So make make the

So person at the going in have in to to can effect help general meaningful and especially get that our production, can XXXX new we've there, manager that done on we continue possibility. a things BRZ hope we're evaluate us

Next question?

Melissa Pagen

competitors Who Next primary are question. for antimony? our

Gary C. Evans

quick, by say in. Gus worldwide of to China. antimony and controlled going I'll jump thing XX% let I'm one Remember, real is

Gus that's then with competitor. And our jump So that, let in. I'll

John Gustavsen

not is The market correct. exactly And economy. a competitor China is that's Gary, Well, China.

example, loss for that, they the think company they're So same the -- capitalist and not profit would. American don't way

to U.S. in to XX% yes, when will only when probably not. price of compete their oftentimes, the and material lost from they're the handily with the the the base one to in XXXX, control it. able the Antimony With All are as oxide in determine could our we raw United I business rest America, started say, antimony, XX%, there biggest with I compete companies other very the antimony make competitor. manufacturers we were world's Chinese. X antimony They North left. business is So States. Chinese the money have they and

next So question.

Gary C. Evans

Yes. Melissa, last about you I one, the ask anticipate want question the do reshoring. you

Melissa Pagen

Okay. with the reshoring Do you potential increase? will delinked that demand anticipate from and China

Gary C. Evans

Gus?

John Gustavsen

that seeing not Could again, Melissa? that. I'm you read

Melissa Pagen

the and delinked demand Sure. increase? Do China that will reshoring you the potential with from anticipate

John Gustavsen

stay right The will the same. is down. demand economy slowly. slowing The very world It grows now

that with the linked market answers we're is China I or will question. the shrinking. not, Whether market there. So actually be hope the

Gary C. Evans

Yes.

question, Next Melissa?

Melissa Pagen

the splitting listed in be and and Zeolite into entities would I'm cap. treated a way more into own entity Antimony speculative like profitable given better Has own antimony could unlock a on with to entity be its mining a as company play. command as distinct assuming its any X thought zeolite value? listed its market nicely been own

Gary C. Evans

This not don't going be going company prudent a larger. X great we're up we've were it we still, its said, are entities. to to forward. And in if we cap, question side at in We're is be XXx to would current analyzing size But as the antimony on market doing that. really know company and split two the the what all

that to question answer no. is So

Melissa Pagen

Next question. the Does BRZ operate XX/X or hours what production are today?

Richard Isaak

to They overlap p.m. have Monday shifts and right every day, the Friday. around X X

Melissa Pagen

questions, more gentlemen. Any Okay.

Gary C. Evans

there. Yes, couple a more there's

Melissa Pagen

Next question. How Antimony? has inflation impacted U.S.

Richard Isaak

getting back going or It months at of whether past companies, up price sure, environment the sales, a of had over opportunities. supplies in I'm We've the of seeing continue still seen pallets. where that still that has quality the propane, to to and is bottom doing it's we've there's price on lower areas are growing other that kind It's impacted still that costs, X go good that supplies What as this it fuel controlling the up work to at even your work luck line. will P&L past usable we our like all side well. all couple years. have you product have or prices to of the suppliers over all doubled Pallet been add

either do We technologies. that see we to the have good always to we'll on do if on a something new are work trying reach going it. sift add through or do to we might to that to there we look return always It's technology. on what make just sure calls out out And get

Gary C. Evans

me of this antimony Let a of just a or on, prices great last May needs comments this $X.XX made now make Gus a couple to time something is were there. pound. everybody they're pound a $X.XX year, remember point

to been we've a same as price drop the whatever. station you store, commodity inflation has our tremendously, main At you selling. or the gas up time, the all gone there's when know, $X So grocery go in of

respect deflation, will, product. So the maintenance the experienced experienced on and we've price inflation repairs if equipment, and to of and we've you with

our are button down why we and to cut the efficiencies. best to improve hence, hatches, So that's doing costs

question. Next

Melissa Pagen

Taseko been there any Have thoughts or question. with as others? resources Next sharing of Mines companies other such mining

Gary C. Evans

something -- you do that is you could address? Gus,

John Gustavsen

have potential think or have else for that share those could I said than for here JV who looking we Well, is JV what anything there's Other we at-- we're project. we're mining we not has that, with. sure I'm

Gary C. Evans

that. Last Melissa. there, I Yes, question agree with would

Melissa Pagen

recording? I Q&A will. can Will available Last be that Yes, a answer it as question. question. this

Gary C. Evans

Okay. That's at an right been hour.

a additional Thank a us think out outside everybody to have So we or And and this wonderful have call. if participating phone appreciate for feel and to weekend great e-mail been we your you you time. good reach by dialogue. either Thanksgiving. everybody of And free it's questions

Operator

concludes may your time. today's at and you lines this disconnect you participation. this conference, your Everyone, for Thank

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