UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB


(Mark  One)

[X]     QUARTERLY  REPORT  UNDER  SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT  OF  1934
                  For the quarterly period ended June 30, 2003

[   ]     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT  OF  1934
                    For  the  transition  period          to




                         Commission file number 33-00215

                       UNITED STATES ANTIMONY CORPORATION

                 (Name of small business issuer in its charter)


       MONTANA                                            81-0305822
       -------                                            ----------
  (State or other jurisdiction                        (I.R.S. Employer
of incorporation or organization)                    Identification No.)

      P.O.  BOX  643,  THOMPSON  FALLS,  MONTANA         59873
      ------------------------------------------        -------
     (Address  of  principal  executive  offices)     (Zip  code)


   Registrant's telephone number, including area code:  (406) 827-3523

Check  whether  the issuer (1) filed all reports required to be filed by Section
13  or  15(d) of the Exchange Act during the past 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     X          No
                   --



At  August  12,  2003,  the  registrant had outstanding 27,027,959 shares of par
value  $0.01  common  stock.



<PAGE>




                       UNITED STATES ANTIMONY CORPORATION
                         QUARTERLY REPORT ON FORM 10-QSB
                            FOR THE QUARTERLY PERIOD
                               ENDED JUNE 30, 2003



                                TABLE OF CONTENTS

<TABLE>
<CAPTION>


<S>                                                                      <C>
                                                                         Page

PART I - FINANCIAL INFORMATION

Item 1: Financial Statements. . . . . . . . . . . . . . . . . . . . . .     1

Item 2: Management's Discussion and Analysis of Financial Condition and
            Results of Operations . . . . . . . . . . . . . . . . . . .     5

Item 3: Controls and Procedures . . . . . . . . . . . . . . . . . . . .     8

PART II - OTHER INFORMATION

Item 1: Legal Proceedings . . . . . . . . . . . . . . . . . . . . . . .     9

Item 2: Changes in Securities . . . . . . . . . . . . . . . . . . . . .     9

Item 3: Defaults among Senior Securities. . . . . . . . . . . . . . . .     9

Item 4: Submission of Matters to a Vote of Security Holders . . . . . .     9

Item 5: Other Information . . . . . . . . . . . . . . . . . . . . . . .     9

Item 6: Exhibits and Reports on Form 8-K. . . . . . . . . . . . . . . .     9


SIGNATURE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    10

CERTIFICATIONS. . . . . . . . . . . . . . . . . . . . . . . . . . . . .    11


</TABLE>





         [The balance of this page has been intentionally left blank.]








<PAGE>


                         PART  I-FINANCIAL  INFORMATION

ITEM  1.  FINANCIAL  STATEMENTS
UNITED  STATES  ANTIMONY  CORPORATION  AND  SUBSIDIARY
CONSOLIDATED  BALANCE  SHEETS
<TABLE>
<CAPTION>



                                                                     (UNAUDITED)
                                                                      JUNE 30,      DECEMBER 31,
                                                                        2003            2002
                                            ASSETS
<S>                                                                 <C>            <C>
Current assets:
  Accounts receivable, less allowance
    for doubtful accounts of $30,000 . . . . . . . . . . . . . . .  $     30,259   $     106,971
  Inventories. . . . . . . . . . . . . . . . . . . . . . . . . . .        87,103         123,307
                                                                    -------------  --------------
          Total current assets . . . . . . . . . . . . . . . . . .       117,362         230,278

Investment in USAMSA, net. . . . . . . . . . . . . . . . . . . . .        14,625          18,625
Properties, plants and equipment, net. . . . . . . . . . . . . . .       515,665         529,416
Restricted cash for bank note payable. . . . . . . . . . . . . . .       102,022         102,022
Restricted cash for reclamation bonds. . . . . . . . . . . . . . .        88,670          91,186
Restricted cash for payroll taxes. . . . . . . . . . . . . . . . .        14,000
                                                                    -------------  -------------
          Total assets . . . . . . . . . . . . . . . . . . . . . .  $    852,344   $     971,527
                                                                    =============  ==============

                            LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities:
  Checks issued and payable. . . . . . . . . . . . . . . . . . . .  $    123,624   $      53,641
  Accounts payable . . . . . . . . . . . . . . . . . . . . . . . .       850,827         783,799
  Accrued payroll and property taxes . . . . . . . . . . . . . . .       211,755         280,247
  Accrued payroll and other. . . . . . . . . . . . . . . . . . . .        91,944          85,838
  Judgment payable . . . . . . . . . . . . . . . . . . . . . . . .        51,480          49,780
  Accrued interest payable . . . . . . . . . . . . . . . . . . . .        14,640          18,663
  Payable to related parties . . . . . . . . . . . . . . . . . . .       158,315         202,625
  Stock subscription payable . . . . . . . . . . . . . . . . . . .       310,000          35,000
  Notes payable to bank, current . . . . . . . . . . . . . . . . .       288,882         266,284
  Accrued reclamation costs, current . . . . . . . . . . . . . . .        31,309          44,565
                                                                    -------------  --------------
          Total current liabilities. . . . . . . . . . . . . . . .     2,132,776       1,820,442

Notes payable to bank, noncurrent. . . . . . . . . . . . . . . . .       310,238         345,638
Accrued reclamations costs, noncurrent . . . . . . . . . . . . . .       152,052         152,050
                                                                    -------------  --------------
          Total liabilities. . . . . . . . . . . . . . . . . . . .     2,595,066       2,318,130
                                                                    -------------  --------------

Commitments and contingencies (Note 3)
Stockholders' deficit:
  Preferred stock, $0.01 par value, 10,000,000 shares authorized:
      Series A: 4,500 shares issued and outstanding. . . . . . . .            45              45
      Series B: 750,000 shares issued and outstanding. . . . . . .         7,500           7,500
      Series C: 177,904 shares issued and outstanding. . . . . . .         1,779           1,779
      Series D: 375,000 shares issued and outstanding. . . . . . .         3,750             960
  Common stock, $0.01 par value, 30,000,000 shares
    authorized; 27,027,959 issued and outstanding. . . . . . . . .       270,279         270,279
  Additional paid-in capital . . . . . . . . . . . . . . . . . . .    16,988,720      16,963,610
  Accumulated deficit. . . . . . . . . . . . . . . . . . . . . . .   (19,014,795)    (18,590,776)
                                                                    -------------  --------------
          Total stockholders' deficit. . . . . . . . . . . . . . .    (1,742,722)     (1,346,603)
                                                                    -------------  --------------
          Total liabilities and stockholders' deficit. . . . . . .  $    852,344   $     971,527
                                                                    =============  ==============
</TABLE>

    The accompanying notes are an integral part of the financial statements.
                                        1
<PAGE>

UNITED  STATES  ANTIMONY  CORPORATION  AND  SUBSIDIARY
CONSOLIDATED  STATEMENTS  OF  OPERATIONS  (UNAUDITED)

<TABLE>
<CAPTION>



                                                FOR THE THREE MONTHS ENDED     FOR THE SIX MONTHS ENDED
                                                   JUNE 30,       JUNE 30,       JUNE 30,      JUNE 30,
                                                    2003            2002          2003          2002
<S>                                                  <C>            <C>            <C>           <C>
Revenues:
  Sales of antimony products and other . .  $       542,359   $     975,283   $ 1,561,855   $ 1,626,372
  Sales of zeolite products. . . . . . . .          143,058          44,593       263,758       105,907
                                            ---------------  ---------------  ------------  ------------
                                                    685,417       1,019,876     1,825,613     1,732,279
Cost of sales:
  Cost of antimony production. . . . . . .          470,254         714,366     1,245,920     1,272,714
  Cost of zeolite production . . . . . . .          129,269          66,416       252,537        97,428
  Antimony depreciation. . . . . . . . . .            9,476          14,300        18,953        20,500
  Zeolite depreciation . . . . . . . . . .           13,686           6,200        27,372        12,400
  Antimony freight and delivery. . . . . .           62,635         114,333       140,313       194,142
  Zeolite freight and delivery . . . . . .           18,058             775        38,651         2,874
                                            ---------------  ---------------  ------------  ------------
                                                    703,378         916,390     1,723,746     1,600,058

Gross profit (loss). . . . . . . . . . . .          (17,961)        103,486       101,867       132,221
                                            ---------------  ---------------  ------------  ------------

Other operating expenses:
  Bear River Zeolite
  general and administrative . . . . . . .           69,860          44,872       143,174        93,158
  Antimony general and administrative. . .           98,995          67,522       229,879       165,418
  Bear River Zeolite sales expenses. . . .           14,829           5,524        29,265        19,523
  Antimony sales expenses. . . . . . . . .            9,398          17,533        34,966        44,398
                                            ---------------  ---------------  ------------  ------------
                                                    193,082         135,451       437,284       322,497
                                            ---------------  ---------------  ------------  ------------
Other (income) expense:
  Interest expense . . . . . . . . . . . .           16,651          19,921        33,027        37,373
  Factoring expense. . . . . . . . . . . .           27,659          26,001        61,224        45,327
  Interest income and other. . . . . . . .           (5,044)           (696)       (5,649)       (1,450)
  Sale of Bear River Zeolite royalty . . .                         (150,000)                   (150,000)
                                            ----------------  --------------  ------------  ------------
                                                     39,266        (104,774)       88,602       (68,750)
                                            ----------------  --------------  ------------  ------------

Net income (loss). . . . . . . . . . . . .  $      (250,309)  $      72,809   $  (424,019)  $  (121,526)
                                            ===============   =============   ============  ============

Basic net loss per share of common stock .  $          Nil    $        Nil    $       Nil   $       Nil
                                            ==============    =============   ============  ============

Basic weighted average shares outstanding.      27,027,959       26,979,048    27,027,959    26,783,559
                                            ==============    =============   ============  ============


</TABLE>


    The accompanying notes are an integral part of the financial statements.
                                        2
<PAGE>

UNITED  STATES  ANTIMONY  CORPORATION  AND  SUBSIDIARY
CONSOLIDATED  STATEMENTS  OF  CASH  FLOWS  (UNAUDITED)

<TABLE>
<CAPTION>



                                                                        FOR THE SIX MONTHS ENDED
                                                                       JUNE 30,            JUNE 30,
                                                                         2003                2002
<S>                                                                     <C>                 <C>
Cash flows from operating activities:
  Net loss . . . . . . . . . . . . . . . . . . . . . . . . .  $      (424,019)  $(121,526)
  Adjustments to reconcile net loss to
    net cash used by operations:
         Depreciation and amortization . . . . . . . . . . .           50,324      44,772
         Series D stock issued to directors. . . . . . . . .            7,800
         Series D stock issued for legal services. . . . . .           20,100
    Change in:
              Restricted cash. . . . . . . . . . . . . . . .          (11,484)   (102,290)
              Accounts receivable. . . . . . . . . . . . . .           76,712      31,227
              Inventories. . . . . . . . . . . . . . . . . .           36,204       5,682
              Accounts payable . . . . . . . . . . . . . . .           67,029      35,087
              Accrued payroll and property taxes . . . . . .          (68,492)     35,814
              Accrued payroll and other. . . . . . . . . . .            6,106      (3,095)
              Judgment payable . . . . . . . . . . . . . . .            1,700       1,701
              Accrued interest payable . . . . . . . . . . .           (4,023)
              Payable to related parties . . . . . . . . . .          (44,310)      5,826
              Accrued reclamation costs. . . . . . . . . . .          (13,255)     (4,559)
                                                                --------------  ----------
                    Net cash used by operating activities. .         (299,608)    (71,361)
                                                                --------------  ----------

Cash flows from investing activities:
  Purchase of properties, plants and equipment . . . . . . .          (32,573)   (189,917)
                                                              ----------------  ----------
                    Net cash used in investing activities. .          (32,573)   (189,917)
                                                              ----------------  ----------

Cash flows from financing activities:
  Proceeds from issuance of common stock and warrants. . . .                      172,070
  Proceed from stock subscriptions payable . . . . . . . . .         275,000
  Payments on notes payable to bank, net . . . . . . . . . .         (62,170)     (60,489)
  Proceeds from related party advances, net. . . . . . . . .                       37,957
  Proceeds from notes payable to bank. . . . . . . . . . . .          49,368      100,211
  Change in checks issued and payable. . . . . . . . . . . .          69,983       11,529
                                                                -------------   ----------
                   Net cash provided by financing activities         332,181      261,278
                                                                -------------   ----------

Net change in cash . . . . . . . . . . . . . . . . . . . . .               0            0
Cash, beginning of period. . . . . . . . . . . . . . . . . .               0            0
                                                                - -----------   ----------
Cash, end of period. . . . . . . . . . . . . . . . . . . . .  $            0    $       0
                                                              ==============   ===========


</TABLE>



The accompanying notes are an integral part of these financial statements.
                                            3

<PAGE>

PART  I  -  FINANCIAL  INFORMATION,  CONTINUED:

UNITED  STATES  ANTIMONY  CORPORATION  AND  SUBSIDIARY

NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS  (UNAUDITED)

1.     BASIS  OF  PRESENTATION:

The  unaudited  consolidated  financial  statements  have  been  prepared by the
Company  in  accordance  with  accounting  principles  generally accepted in the
United  States  of  America  for  interim  financial information, as well as the
instructions  to  Form  10-QSB.  Accordingly,  they  do  not  include all of the
information  and  footnotes required by accounting principles generally accepted
in  the  United  States  of  America  for  complete financial statements. In the
opinion  of the Company's management, all adjustments (consisting of only normal
recurring  accruals) considered necessary for a fair presentation of the interim
financial  statements  have been included. Operating results for the three-month
period  ended  June  30, 2003 are not necessarily indicative of the results that
may  be  expected  for  the  full  year  ending  December  31,  2003.  Certain
consolidated  financial  statement amounts for the three-month period ended June
30,  2002  have  been  reclassified  to conform to the 2003 presentation.  These
reclassifications  had  no  effect  on  the  net  loss or accumulated deficit as
previously  reported.

For  further information refer to the financial statements and footnotes thereto
in  the  Company's  Annual Report on Form 10-KSB for the year ended December 31,
2002.

2.     LOSS  PER  COMMON  SHARE:

The  Company  accounts  for  its income (loss) per common share according to the
Statement  of Financial Accounting Standards No. 128 "Earnings Per Share" ("SFAS
No.  128").  Under  the  provisions  of  SFAS No. 128, primary and fully diluted
earnings  per  share  are  replaced  with  basic and diluted earnings per share.
Basic  earnings  per share is arrived at by dividing net income (loss) available
to  common  stockholders  by  the  weighted  average  number  of  common  shares
outstanding,  and does not include the impact of any potentially dilutive common
stock equivalents.  Common stock equivalents, including warrants to purchase the
Company's  common  stock  and  common  stock  issuable  upon  the  conversion of
debentures are excluded from the calculations when their effect is antidilutive.

3.     COMMITMENTS  AND  CONTINGENCIES:

Until  1989, the Company mined, milled and leached gold and silver in the Yankee
Fork  Mining District in Custer County, Idaho. In 1994, the U.S. Forest Service,
under  the  provisions of the Comprehensive Environmental Response Liability Act
of  1980  ("CERCLA"), designated the cyanide leach plant as a contaminated site.
In  1996,  the  Idaho  Department  of  Environmental  Quality requested that the
Company  sign  a  consent  decree  related  to  completing  the  reclamation and
remediation  at  the  Preachers  Cove  mill.  The  Company  has  been diligently
reclaiming the property and anticipates it will have the reclamation complete in
the  near  term.

In  November  of  2001,  the  Environmental Protection Agency ("EPA") listed two
by-products  of  the Company's antimony oxide manufacturing process as hazardous
wastes  under subtitle C of the Resource Conservation and Recovery Act ("RCRA"),
and  emergency  notification  requirements for releases to the environment under
CERCLA.  On  November  26,  2002,  the  Company  received  a notice of violation
related  to  a  hazardous waste discharge that was discovered during a hazardous
waste compliance evaluation inspection conducted at the Company's Thompson Falls
antimony  facility.  In  response  to  the  notice,  the Company removed certain
antimony  materials  from  its  production area and agreed to ensure that future
releases  of  hazardous  waste  would  not  occur.  At June 30, 2003, management
believes  that  no  additional  liability  will  result  from  the  violation.

                               4
<PAGE>

UNITED  STATES  ANTIMONY  CORPORATION  AND  SUBSIDIARY

NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS  (UNAUDITED),  CONTINUED:

3.     COMMITMENTS  AND  CONTINGENCIES,  CONTINUED:

During the first six months of 2003, the Company paid $13,256 in reclamation and
water monitoring costs relating to its Preachers Cove property that were charged
to  its  accrued  reclamation  liability.

The  Company's  management  believes  that  USAC  is  currently  in  substantial
compliance  with  environmental  regulatory  requirements  and  that its accrued
environmental  reclamation  costs are representative of management's estimate of
costs  required  to fulfill its reclamation obligations.  Such costs are accrued
at  the  time  the  expenditure becomes probable and the costs can reasonably be
estimated.  The  Company  recognizes,  however,  that  in  some  cases  future
environmental  expenditures cannot be reliably determined due to the uncertainty
of  specific remediation methods, conflicts between regulating agencies relating
to  remediation  methods  and  environmental law interpretations, and changes in
environmental  laws  and  regulations.  Any changes to the Company's reclamation
plans as a result of these factors could have an adverse affect on the Company's
operations.  The  range  of  possible  losses  in  excess of the amounts accrued
cannot  be  reasonably  estimated  at  this  time.

ITEM  2.     MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  RESULTS  OF
             OPERATIONS  AND  FINANCIAL  CONDITION

General

This  report  contains both historical and prospective statements concerning the
Company  and  its operations.  Prospective statements (known as "forward-looking
statements")  may  or  may  not  prove  true with the passage of time because of
future  risks  and uncertainties.  The Company cannot predict what factors might
cause  actual  results  to differ materially from those indicated by prospective
statements.

Results  of  Operations

For  the  three-month  period  ended  June  30, 2003 compared to the three-month
period  ended  June  30,  2002

On May 29, 2002, the Company, was assigned all rights, title and interest in any
and  all  common  stock  of  Bear River Zeolite Company ("Bear River Zeolite" or
"BRZ")  owned  by  George  Desborough  and Nick Raymond, holders of 25% of BRZ's
outstanding  shares  of  common  stock.  The  assignment  brought  the Company's
ownership  in Bear River Zeolite to 100%. In connection with the assignment, the
Company  agreed to pay Mr. Desborough and Mr. Raymond a royalty on zeolite sales
ranging  from  1-3%  based  on  per-ton  zeolite  sale  prices.  As  additional
consideration  for  the assignment, USAC also agreed to issue Mr. Desborough and
Mr.  Raymond  a  total  of  50,000  restricted  common  stock  purchase warrants
exercisable  at  $0.40  for a period of 3 years within 30 days of the signing of
the  agreement,  providing  common  stock  is  authorized. At June 30, 2003, the
Company  didn't  have  authorized shares of common stock available to affect the
warrant  issue,  and  the  warrants  had  not  yet  been  issued.

On  June  1, 2002, BRZ sold a production royalty to Delaware Royalty Corporation
("Delaware"),  a company controlled by Al Dugan, a major shareholder that may be
regarded  as an affiliate. The sale granted Delaware a 2% royalty on all zeolite
ore  extracted  and  sold  from  BRZ's  Webster  Farm  zeolite  property.  As
consideration  for the royalty the Company received $150,000. The royalty is due
at  the  end  of each quarter and is calculated on the gross sales proceeds from
zeolite  shipped  and  sold  during  the  preceding  quarter.


                                      5
<PAGE>



ITEM  2.     MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  RESULTS  OF
             OPERATIONS  AND  FINANCIAL  CONDITION,  CONTINUED:

The  Company's operations resulted in a net loss of $250,309 for the three-month
period  ended  June  30,  2003,  compared  with  a net income of $72,809 for the
three-month  period  ended  June 30, 2002. Net loss during the second quarter of
2003  compared to the net income during the similar quarter of 2002 is primarily
due  to  a  $150,000  royalty sales in 2002 and increased fuel expenses, payroll
taxes,  general  and administrative expenses and worker's compensation insurance
increases  in Montana in 2003. The Company expects that in the fourth quarter of
2003  the  worker's compensation insurance expense for the Company will decrease
dramatically.

Total  revenues  from antimony product sales for the second quarter of 2003 were
$542,359  compared  with  $975,283  during  the  comparable  quarter  of 2002, a
decrease  of  $432,924. The decrease in sales revenues during the 2nd quarter of
2003  compared  to  the  same  quarter  in  2002  is due to the poor economy, an
increase  in  the cost of antimony metal and the corresponding price increase in
the oxide products (resulting in decreased consumer purchasing) and competitive
pressures  from  Chinese  antimony  distributors.  During the three-month period
ended  June  30,  2003,  46.77%, of the Company's revenues from antimony product
sales  were  from  sales  to  one  customer  and  7% were from sales to a second
individual  customer.  Sales  of  antimony products during the second quarter of
2003  consisted  of  435,396 pounds at an average sale price of $1.25 per pound.
During  the  second  quarter  of  2002  sales  of antimony products consisted of
1,188,019  pounds  at  an average sale price of $0.82 per pound. The increase in
sale  prices  of antimony products from the second quarter of 2002 to the second
quarter  of  2003  is  the  result of a corresponding increase in antimony metal
prices.

Sales  of  zeolite  products  during  the  second  quarter of 2002 were $143,058
compared to sales of $44,593 during the second quarter of 2002.  Gross loss from
antimony  and  zeolite  sales  during  the second three-month period of 2003 was
$17,961  compared  with  gross  profit of $103,486 during the second three-month
period  of  2002.

During  the  second  quarter  of  2003,  the  Company incurred expenses totaling
$84,689  associated  with  sales  development  and  general  and  administrative
expenses of its wholly owned subsidiary, Bear River Zeolite, compared to $50,396
of expenses in the comparable quarter of 2002.  The increase in BRZ expenses was
principally  due  to  increased  sales  expenses.

Antimony  general  and  administrative  expenses  were $98,995 during the second
quarter  of  2003,  compared  to $67,522 during the second quarter of 2002.  The
increase  in  general  and  administrative expenses during the second quarter of
2003  compared  to  the  same  quarter  of  2002  was  due  to increased repair,
maintenance  and  legal  expenses.

Antimony  sales  expenses were $9,398 during the second quarter of 2003 compared
with  $17,533 in the second quarter of 2002, the decrease was principally due to
the  allocation of a portion of USAC's sales and labor costs to BRZ during 2002.

Interest  expenses  were  $16,651 during the second quarter of 2003, compared to
interest  expense  of  $19,921  incurred  during the second quarter of 2002; the
decrease  in  interest  expense  was  due  to  the  decrease  in interest rates.

Accounts  receivable  factoring expense was $27,659 during the second quarter of
2003 compared to $26,001 of factoring expense incurred during the second quarter
of  2002.  The  increase  was  primarily  due to an increase in finance charges.

Interest  and other income increased from $696 during the second quarter of 2002
to  $5,044  during  the  second  quarter  of  2003.  The  increase  was due to a
corresponding  increase  in  other  income.


                                          6
<PAGE>

ITEM  2.     MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  RESULTS  OF
             OPERATIONS  AND  FINANCIAL  CONDITION,  CONTINUED:

For  the  six-month  period ended June 30, 2003 compared to the six-month period
ended  June  30,  2002

The  Company's  operations  resulted in a net loss of $424,019 for the six-month
period  ended  June  30,  2003,  compared  with  a  net loss of $121,526 for the
six-month  period  ended  June 30, 2002. The increase in net loss from the first
six  months of 2002 compared to the first six months of 2003 is primarily due to
the  sale  of a royalty in the Company's zeolite operations in 2002 and increase
in  general  administrative  expenses  in  2003.

Total revenues from antimony product sales for the first six months of 2003 were
$1,561,855  compared  with  $1,626,372  for  the  comparable  period  of 2002, a
decrease of $64,517.  During the six-month period ended June 30, 2003, 48.01% of
the  Company's  revenues  from  antimony  products  sales were from sales to one
customer  and  5.79%  were from sales to a second individual customer.  Sales of
antimony  products  during  the  first six months of 2003 consisted of 1,187,077
pounds at an average sale price of $1.32 per pound.  During the first six months
of  2002  sales of antimony products consisted of 1,940,068 pounds at an average
sale  price  of  $0.84  per  pound.  The decrease in pounds of antimony sales is
attributed  to  lower product inventory and a poor economy. The increase in sale
prices  of  antimony products from the first six months of 2002 to the first six
months  of  2003  is  the  result  of a corresponding increase in antimony metal
prices.

Sales  of  zeolite  products  during  the first six months of 2003 were $263,758
compared  to  sales  of  $105,907  during  the comparable period of 2002.  Gross
profit from antimony and zeolite sales during the first six-month period of 2003
was  $101,867  compared  with gross profit of $132,221 during the same six-month
period  of  2002.

During  the  first  six  months  of 2003, the Company incurred expenses totaling
$172,439  associated  with  sales  development  and  general  and administrative
expenses  of  its  wholly  owned  subsidiary,  Bear  River  Zeolite, compared to
$112,681  of expenses during the comparable period of 2002.  The increase in BRZ
expenses  was  principally  due  to  plant  expansion  and  sales  efforts.

Antimony  general and administrative expenses were $229,879 during the first six
months  of  2002, compared to $165,418 during the first six months of 2001.  The
increase  in  general and administrative expenses during the first six months of
2003  compared  to  the  same  period  of  2002  was  due  to  increased repair,
maintenance  and  legal  expenses.

Antimony  sales  expenses  were  $34,966  during  the  first  six months of 2003
compared  with  $44,398  in  the  first  six  months  of  2002, the decrease was
principally  due  to the allocation of a portion of the Company's sales costs to
BRZ.

Interest  expense  was  $37,027 during the first six months of 2003, compared to
interest  expense  of  $37,373  incurred  during  the  first six months of 2002.

Accounts receivable factoring expense was $61,224 during the first six months of
2003  compared  to  $45,327  of  factoring expense incurred during the first six
months  of  2002.  The  increase was primarily due to increased finance charges.

Interest  and  other income increased from $1,450 during the first six months of
2002  to  $5,649 during the first six months of 2003.  The increase was due to a
corresponding  increase  in  other  income.

                                  7
<PAGE>


ITEM  2.     MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  RESULTS  OF
             OPERATIONS  AND  FINANCIAL  CONDITION,  CONTINUED:

Financial  Condition  and  Liquidity

At June 30, 2003, Company assets totaled $852,344, and there was a stockholders'
deficit  of  $1,742,722.  The  stockholders'  deficit  increased  $396,119  from
December  31, 2002. The increase is principally due to operating losses incurred
during the six-month period ended June 30, 2003. At June 30, 2003, the Company's
total  current  liabilities  exceeded  its  total  current assets by $2,167,867.
Included  in  the  Company's  current  liabilities  are  significant  delinquent
balances  due  raw  materials suppliers, attorneys, and payroll taxing agencies.
Due  to  the  Company's  operating  losses,  negative  working  capital,  and
stockholders'  deficit,  the  Company's  independent  accountants  included  a
paragraph in the Company's 2002 financial statements relating to a going concern
uncertainty.  To  continue  as a going concern the Company must generate profits
from  its  antimony  and  zeolite sales and acquire additional capital resources
from  alternative  financing  resources.  Without  financing  and  profitable
operations, the Company may not be able to meet its obligations, fund operations
and  continue in existence. While management is optimistic that the Company will
be  able to sustain its operations and meet its financial obligations, there can
be  no  assurance  of  such.

Cash  used  by operating activities during the first six months of 2003 was
$299,608,  and  resulted  primarily  from  the  six-month  net loss of $424,019.

Cash  used  in  investing  activities  during  the  first six months of 2003 was
$32,573 and was almost entirely related to the construction of capital assets at
the  Bear  River  Zeolite  facility.

Cash  provided  by financing activities was $332,181 during the first six months
of  2003,  and  was principally generated by subscriptions to purchase 1,375,000
shares of unregistered common stock for $275,000.  At June 30, 2003, the Company
substantially  had no unencumbered authorized common stock available for sale or
issue.  The  Company  plans  to  amend  its Articles of Incorporation subject to
shareholder  approval  at an annual meeting of shareholders scheduled to be held
in  September  of  2003,  to  increase its authorized common stock available for
issue.

ITEM  3.     CONTROLS  AND  PROCEDURES

Based on their most recent evaluation, which was completed within 90 days of the
filing  of  this  Form  10-QSB,  the  Company's president believes the Company's
disclosure  controls and procedures (as defined in Exchange Act Rules 13a-14 and
15d-14) are effective to ensure that information required to be disclosed by the
Company  in  this  report  is  accumulated  and  communicated  to  the Company's
management,  including  its  principal executive officer and principal financial
officer,  as  appropriate,  to  allow  timely  decisions  regarding  required
disclosure.  There  were  no  significant  changes  in  the  Company's  internal
controls  or  other  factors  that  could  significantly  affect  these controls
subsequent  to the date of their evaluation and there were no corrective actions
with  regard  to  significant  deficiencies  and  material  weaknesses.








                                        8
<PAGE>


                           PART II - OTHER INFORMATION

ITEM  1.     LEGAL  PROCEEDINGS

None

ITEM  2.     CHANGES  IN  SECURITIES

Neither  the  constituent  instruments  defining  the rights of the registrant's
securities  filers  nor  the  rights  evidenced  by the registrant's outstanding
common  stock  have  been  modified,  limited  or  qualified.

During  the  second  quarter  of  2003,  the Company sold stock subscriptions to
purchase  1,375,000  shares  of  its  restricted  common  stock and warrants for
$275,000.  The  sales  were to accredited investors and exempt from registration
pursuant  to  Section  4(2)  of  the  Securities  Act  of  1933.

ITEM  3.     DEFAULTS  UPON  SENIOR  SECURITIES

The  registrant  has  no  outstanding  senior  securities.

ITEM  4.     SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS

None

ITEM  5.     OTHER  INFORMATION

None

ITEM  6.     EXHIBITS  AND  REPORTS  ON  FORM  8-K

     Exhibits:  None


     Reports  on  Form  8-K:  None






                                            9
<PAGE>





                                    SIGNATURE


  Pursuant to the requirements of Section 13 or 15(b) of the Securities Exchange
    Act of 1934, the Registrant has duly caused this report to be signed on its
              behalf by the undersigned, thereunto duly authorized.


                       UNITED STATES ANTIMONY CORPORATION
                                  (Registrant)



          By:/s/John C. Lawrence       Date: August 14, 2003
             --------------------     -----------------------
                    John C. Lawrence, Director and President
             (Principal Executive, Financial and Accounting Officer)

                                    10


<PAGE>
                                  CERTIFICATION

I,  John  C.  Lawrence,  certify  that:

1.     I  have  reviewed  this  quarterly report on Form 10-QSB of United States
Antimony  Corporation

2.     Based  on my knowledge, this quarterly report does not contain any untrue
statement  of a material fact or omit to state a material fact necessary to make
the  statements  made, in light of the circumstances under which such statements
were  made,  not misleading with respect to the period covered by this quarterly
report;

3.     Based  on  my  knowledge,  the  financial statements, and other financial
information  included  in  this quarterly report, fairly present in all material
respects  the  financial  condition, results of operations and cash flows of the
Registrant  as  of  and  for  the  periods  presented  in this quarterly report.

4.     I am responsible for establishing and maintaining disclosure controls and
procedures  (as  defined  in  Exchange  Act  Rules  13a-14  and  15d-14) for the
Registrant  and  I  have:

a.     designed  such disclosure controls and procedures to ensure that material
information relating to the Registrant, including its consolidated subsidiaries,
is  made  known  to  us by others within those entities, particularly during the
period  in  which  this  quarterly  report  is  being  prepared;
b.     evaluated  the  effectiveness of the Registrant's disclosure controls and
procedures  as  of  a  date  within  90  days  prior  to the filing date of this
quarterly  report  (the  "Evaluation  Date");  and
c.     presented  in  this  quarterly  report  our  conclusions  about  the
effectiveness  of  disclosure controls and procedures based on our evaluation as
of  the  Evaluation  Date;

5.     I have disclosed, based on my most recent evaluation, to the Registrant's
auditors  and  the  audit  committee  of the Registrant's board of directors (or
persons  performing  the  equivalent  functions);

a.     all  significant  deficiencies  in  the  design or operations of internal
controls  which  could  adversely  affect  the  Registrant's  ability to record,
process,  summarize  and  report  financial  data  and  have  identified for the
Registrant's  auditors  any  material  weaknesses  in  internal  controls;  and
b.     any  fraud,  whether  or  not material, that involves management or other
employees who have a significant role in the Registrant's internal controls; and

6.     I  have indicated in this quarterly report whether there were significant
changes in internal controls or in other factors that could significantly affect
internal controls subsequent to the date of my most recent evaluation, including
any  corrective  actions  with  regard  to significant deficiencies and material
weaknesses.


Date: August 14, 2003


/s/John C. Lawrence
----------------------------------------
John  C.  Lawrence
President,  Director  and  Principal  Financial  Officer



                             11
<PAGE>



CERTIFICATION  PURSUANT  TO  THE  SARBANES-OXLEY  ACT
18  U.S.C.  SECTION  1350
AS  ADOPTED  PURSUANT  TO  SECTION  906
OF  THE  SARBANES-OXLEY  ACT  OF  2002

I,  John  C.  Lawrence,  President,  Director and Principal Financial Officer of
United  States  Antimony  Corporation  ("the  "Registrant")  do  hereby certify,
pursuant  to  18  U.S.C. Section 1350, as adopted pursuant to Section 906 of the
Sarbanes-Oxley  Act  of  2002,  that,  to  my  knowledge:

1.     This  Quarterly  Report  on  Form 10-QSB of the Registrant for the period
ended  June  30, 2003, as filed with the Securities and Exchange Commission (the
"Report"), fully complies with the requirements of Section 13(a) or 15(d) of the
Securities  Exchange  Act  of  1934;  and

2.     The  information contained in the Report fairly presents, in all material
respects,  the  financial condition and results of operations of the Registrant.

Date: August 14, 2003
     ------------------

/s/John Lawrence
-----------------------
John  C.  Lawrence
President,  Director  and  Principal  Financial  Officer


                               12
<PAGE>