United States Antimony shares slid 14.44% to $5.63 in extended trading after the company reported second-quarter revenue of about $7.9 million, down 25% from $10.53 million a year earlier and far below the $21.7 million consensus estimate, while cutting its full-year 2026 revenue target to $60 million to $75 million from a previous goal of $125 million. The miss was driven largely by weaker antimony pricing: antimony sales volume rose 26% to roughly 428,425 pounds, but the average selling price fell 52% to $13.70 per pound from $28.32, pushing gross profit down 78% to $600,000 and gross margin down to 7% from 27%. The company posted an operating loss of about $7 million, though reported net income was roughly $100,000, supported by a $6.8 million unrealized gain on its investment in Larvotto Resources Limited and $400,000 in interest and investment income. Management said antimony prices may remain around $10 per pound for the rest of 2026, but maintained that the lower guidance reflects pricing pressure rather than delivery delays. The balance sheet strengthened sharply, with cash and cash equivalents rising to $41.4 million at June 30 from $3.2 million at the end of March and total liquidity reaching $62.2 million including U.S. Treasury securities. Zeolite was a bright spot, with revenue rising 110% to $1.9 million on higher tons sold. The company said cumulative orders under its Defense Logistics Agency contract have reached about $57.3 million, with initial shipments already delivered and more expected in the third and fourth quarters, while it also updated investors on projects in Montana, Alaska, Ontario, Bolivia and Idaho.