Increase in Sales and Gross Profit
Sales were $8.1 million for the first 9 months of this year, an increase of 23% compared to last year. Gross profit was $2.2 million, which is an increase of 107% over last year.
Antimony Business Growth
Sales from the antimony business for the first 9 months increased by 24% over the prior year, with gross profit more than doubling last year's figures.
Zeolite Business Improvements
Zeolite business sales increased by 17% over the prior year. Improvements in production processes, safety, and equipment led to higher product throughput and improved customer delivery timing.
Cash and Cash Equivalents Growth
Cash and cash equivalents balance at September 30, 2024, was $12.97 million, an increase of $1.1 million from December 31, 2023.
Government Engagement for Antimony Supply
Engagement with U.S. government officials from the Department of Defense to seek funding and discuss the supply of antimony, especially in light of China's export restrictions.
Investor Relations and Market Visibility
Increased engagement with institutional investors, participation in investment conferences, and media outreach contributing to a more informed investor base.