Our next presenter this morning is U.S. Antimo n y Corp, an integrated miner and refiner of antimony products in North America. Today, we are very pleased to be joined by CEO and Chairman of U.S. Antimony Corp, Gary Evans.
Good morning. Thank you for joining us, our presentation this bright and early morning. This company is an old company, been around since the late sixties, publicly traded since 2012. You need to look at us as a born again, like, not unlike a number of little mining companies that have got new management. I came on board about little less than 3 years ago, and we pretty much have a new management team, new board, and new direction. Our forward-looking statements. This is just kind of a chart that shows you the things that we've done since you know, taking over the company a number of years ago. We've been on a fast track.
The assets that we own have been around, and when I got involved, were pretty well not working in the best conditions. One of the first things I did was bring on a mechanical engineer, and we started fixing our assets. We then decided we wanted to also be more vertically integrated, not just a downstream refiner, but also a miner and a midstream company, which means we do processing of antimony in a contact mill or flotation facility. We are truly the first fully integrated antimony company outside of Russia and China, and we accomplished that by mining our own product in Montana. We started doing that this past year, 2025, and we were successful taking that product, taking it to our contact mill and bringing it to our smelter.
The smelter we have in the United States is located in Thompson Falls, Montana. The one we have in Mexico, in Madero, Coahuila, Mexico . Many people don't know what antimony is used for. It's not unusual. In fact, the governor of the state of Montana didn't even know we existed. We've been there since 1968. We've done a lot of education of not only congressmen, but institutional investors. Antimony is a very necessary ingredient in a lot of different things, but for the military, you cannot fire a bullet in the world without antimony. It's a hardy material for lead, and it also is used in the ignition system for primers in bullets.
Laser-guided missiles, night vision cameras, drones, now the new AI technology build-out, the fire retardants for roofing materials, the wiring that goes in all those data centers. It's just used in many, many purposes. This iPhone has to have antimony to work. It's not a really large component for all these industries, but it's a very necessary. One of the biggest uses is solar panels. The efficiency of a solar panel goes up dramatically with the use of antimony. This kinda gives you the uses, both military and in industrial side. Our company historically has never sold to the government. We've sold to companies that do work for the government, and they in turn, have contracts. We'll talk about our government contracts here in a minute.
These are all the various products we make, and that's because we have a number of furnaces, like in Thompson Falls, I think we have 17 different furnaces, so we can be running different products at different times. Same thing in Mexico, 14 different furnaces running different products at different times. The tailwinds driving prices were obviously created by China. China has gone around the world for the last 25 years, buying up antimony mines in 30-some-odd countries. They had the largest mine in the world called Twinkle Star, and that mine depleted June of 2024. September of 2024 is when China put its embargo in of no antimony sales to any country in the world, no matter what. Our Department of Defense at the time was getting all their antimony from China.
You can imagine when that occurred, being the only smelter in the U.S., my phone started ringing off the hook from the Department of War. 3 teams came out, inspected us. They took months looking at all our operations, went to Alaska, where we have a lot of new mining opportunities. We did end up winning a large contract, $248 million, to supply what's called antimony ingots. It's a metal, it's a metal bar. It's a 50-pound bar that's serial stamped and sent to the DLA, which is the governing part of the government for every military, whether it be Marines, Navy, Army, what have you. That's really just used for inventory. We have the lowest inventory in our Department of War since World War II. It's about a year-and-a-half supply.
When you turn on the news, I know you see all the things are going on around the world today, this is a really, really important piece. We're in the process of making our first deliveries to the DLA, which should occur in the next two weeks. Historically, we've gotten all our antimony from other countries. Today, we buy from Chad, Bolivia, Australia, Peru, Chile, and Mexico. We have to go find this antimony. We have to do assays to make sure it meets the qualifications we have to have. That's the concern is too much arsenic or too much sulfur or too much lead, we make these various products I mentioned. Today, that's where we've been getting our antimony.
This is the critical mineral portfolio showing what the government deems as critical minerals and what we're involved with, which is on the right side of that slide. We're continuing to expand that, so we had an announcement about 2 weeks ago that we're very excited about with a company called Americas Gold and Silver Corporation that's based out of Reno, Nevada. They have a very large silver, copper, antimony operation in the state of Idaho, and we agreed to do a joint venture on a new method of refining antimony that we helped develop in Bolivia. We quietly did this last year, trying to keep what we were doing confidential. We funded a prototype project that we wanted to take to commercial scale. That occurred.
We are now receiving what's called antimony flake out of that facility. With Americas Gold and Silver Corporation , we announced a joint venture to build a new state-of-the-art hydromet facility on their property in Idaho. In fact, the CEO of that company, Paul Hewitt, is here. Wave, Paul. Paul and I only met 45 days ago and cut the deal, signed it, and announced it on Fox News 2 weeks ago. We're very excited. We're already in the engineering planning stage, and this will be the first state-of-the-art facility like this in the world. We continue to grow our claims for our own antimony. By the way, we are already processing Americas gold, silver, antimony, which currently goes to Canada, to a large plant, and we get that and it processes.
We're really, what we're trying to do is circumvent the middleman and do it ourselves. We've been building our portfolio of mines both in Canada and the U.S. Canada is more of other critical minerals, being tungsten and cobalt, and in the U.S., it's antimony in Montana and Alaska. We also have a zeolite division. You've probably never heard of that either. It's a really great mineral. In fact, you can take it in a human, just raw off the ground. It takes out the toxins in your body. We use it for animal feed, for cattle, both at dairy farms and at feedlots, as well as, it's used in water treatment. All three nuclear disasters, zeolite is what cleaned up the radiation.
We have what we believe is the highest quality zeolite of any mine in the world. We have a 400-year supply, and our sales are booming in this area. These are milestones that we've accomplished. As of the end of February, we have a whole lot more that we will be announcing soon. As a small micro-cap company, when I took over, we had about a $20 million market cap, $0.20 share price. Today, I think we're $1.2 billion. We've been moving fast. Like a lot of small companies, we have a window we see in this sector, and we're trying to do everything we can while we have this administration, while we have the support for critical minerals. This is a revenue and gross profit growth that we've experienced.
I think we have projections for revenues of this year of $125 million. 2025 was only $39 million. We believe that these contracts that we have, we've got two that we announced in the last four months, the $248.5 million, which is now $248 million, is with the DLA. We also have a $107 million contract with a private company. There's a executive order that if you're supplying any kind of finished product to the military, you have to get your critical minerals from a U.S. company. All our competition in Belgium and Japan and South Korea and Switzerland goes away. That's how we won this contract, and we've been delivering this since September to this contractor. They make fire retardants for roofing materials.
This is our kind of financial snapshot. It shows you the company today sitting on about $92 million of cash and fed funds and marketable securities. We're in the process of closing a $27 million grant with the federal government that will be used to reimburse us for our expansion that we just did up in Thompson Falls. We've taken that facility from 100 tons a month up to about 300 tons a month. We'll be making applications together with Americas Gold and Silver Corporation to the Department of War for at least $75 million to fund our project with that joint venture. These are kind of the catalysts we see occurring in 2026 and 2027 that continue to propel the company to its new heights.
One thing I'm proud of is I try not to dilute common shareholders. You can see our market cap versus share count has gone up 43 times. We try not to sell equity unless we really, really have to, and we try to do it smartly, try to place it with institutions that will be there for the long term. This is a snapshot of our last reported financial condition, which was September 30. We'll be reporting our year-end 10-K here in a few weeks. These are recent publications. When took over the company 2.5, 3 years ago, we were a 100% retail. I think today we have 242 institutions as shareholders that control almost 50% of our outstanding shares.
We do try to get out in the public, again, trying to educate people about antimony, what we do, and then these are the four research analysts that currently follow the company and their recommendations. My time is up, so I do have, I think, to take some questions?
Yeah, we can do one quickly. Is there any appetite for you to license and sell the proprietary antimony smelting technology that you developed in Bolivia?
The funding we did for the Bolivian operation was got us a license to use that technology for North America and Australia, so we have an exclusive license there. Will we sublicense that? I don't know. We probably would rather do more joint ventures like we've done with Americas and be a part of it. Just generating income off that license really isn't our goal. We wanna have access to the product.
Great. Thank you for coming this morning, Gary.