UNITED STATES ANTIMONY (UAMY) Company Report

United States Antimony Corporation (USAC) announced its involvement since mid-2025 in funding and assisting the development of a new commercial-scale hydrometallurgical processing facility in Bolivia for refining antimony and other critical minerals.
USAC's financial assistance has enabled the facility to expand 15 times its original size and output, and the company holds an exclusive contract to receive processed "antimony flake" from this facility, with the first 150 tons anticipated in February/March 2026.
The company plans to duplicate this hydromet process in new facilities in the Western USA and/or Alaska and filed a request with the Department of Energy on January 15, 2026, for $44 million in funding for a new US facility.

6 days ago

8-K

United States Antimony acquires Montana flotation mill

UAMY

M&A

New Projects/Investments

Guidance Update

United States Antimony Corporation (UAMY) closed the $4.75 million cash purchase of a flotation and gravity mill in Radersburg, Montana, on January 16, 2026.
The acquisition is expected to strengthen UAMY's integrated supply chain by supplying feed to its expanding Thompson Falls smelter, which is on track for February commissioning.
Despite a Q3 2025 GAAP EPS of -$0.04 and $8.7 million revenue, UAMY has $352 million in sales contracts and anticipates production to rise in 2026.
TipRanks characterizes UAMY as 'Neutral' with a Hold rating and $8.50 price target, noting weak profitability and negative operating/free cash flow despite demand visibility.

Jan 20, 2026, 2:07 PM

Morningstar

United States Antimony Corporation Announces Acquisition of Critical Minerals Flotation Facility

UAMY

M&A

New Projects/Investments

United States Antimony Corporation (UAMY) announced the acquisition of a critical minerals flotation facility in Radersburg, Montana, with the closing occurring on January 16, 2026.
The facility was acquired for $4.75 million in cash, and the company has budgeted approximately $2 million for future capital expenditures to make specific equipment improvements.
This fully operational facility is strategically located within 250 miles of the company's Thompson Falls smelter, which is currently undergoing substantial expansion.
The Radersburg Mill is equipped with both gravity and flotation circuits, enabling the concentration of various minerals including antimony, gold, silver, copper, tungsten, and cobalt.

Jan 20, 2026, 1:00 PM

8-K

United States Antimony Corporation Reports Strong 2025 Performance and Provides 2026 Guidance

UAMY

Earnings

Guidance Update

Revenue Acceleration/Inflection

United States Antimony Corporation (UAMY) reported significant financial growth in 2025, with its share price increasing by 182% to $5.02 per share and market capitalization growing by 250% to $703 million by year-end.
The company's total liquidity, including cash, federal bonds, and marketable securities, rose 395% to approximately $90 million by the end of 2025, up from $18.2 million at the start of the year, while reporting virtually no indebtedness.
UAMY's revenue increased 160% to approximately $39 million in 2025 from $14.9 million in 2024, and it provided revenue guidance of $125 million for 2026.
The company secured major contracts, including a $245 million five-year agreement with the Defense Logistics Agency and a $106.7 million five-year contract with an industrial customer, and became the only fully integrated antimony mining company outside of China and Russia.

Jan 5, 2026, 12:30 PM

8-K

United States Antimony Corporation Details Rapid Growth, Capacity Expansion, and Strategic Initiatives

UAMY

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

United States Antimony Corporation (UAMY) projects significant revenue growth, with guidance of $40 million-$43 million for 2025 and $125 million (potentially over $150 million) for 2026, up from $15 million in 2024.
The company has secured a $245 million government contract with the Defense Logistics Agency (DLA) and a $104 million contract for fire retardants. To meet demand, UAMY is expanding its Montana refinery from 100 tons/month to 500 tons/month by January 2026, and its Mexico refinery is expected to reach 200 tons/month by the end of 2025.
UAMY has initiated its own antimony mining operations in Montana and Alaska, which is expected to increase gross margins from 26%-30% in Q3 2025 to potentially over 50% with its own material. The company is also strategically expanding into other critical minerals, including cobalt and tungsten.
The company maintains a strong financial position with approximately $100 million in liquidity and very little debt ($229,000). A $27 million government grant is also anticipated.

Nov 19, 2025, 5:15 PM

Transcript

United States Antimony Corporation Details Significant Growth and Strategic Expansion

UAMY

Revenue Acceleration/Inflection

New Projects/Investments

Guidance Update

United States Antimony Corporation (UAMY) has undergone a significant turnaround, with its market capitalization growing from $20 million to $1.1 billion and stock price from $0.20 to $7 per share over the last 2.5 years.
The company is rapidly expanding its antimony refining capacity, with its Montana facility undergoing a $22 million expansion to increase output five-fold from 100 to 500 tons per month by January, and its Mexico facility expected to reach 200 tons per month by year-end.
UAMY has secured substantial government contracts, including a $245 million DLA contract for military use and a $104 million contract for fire retardants, driven by the critical need for antimony and China's supply restrictions.
The company projects significant revenue growth, from $15 million last year to an estimated $40-$43 million this year and $125 million next year (with potential for $150M+), expecting gross margins to exceed 50% with its own mined material.
UAMY is expanding its operations by mining its own antimony in Montana and Alaska, and exploring other critical minerals like cobalt and tungsten at the government's request, with approximately $100 million in liquidity and minimal debt.

Nov 19, 2025, 5:15 PM

Transcript

UAMY Reports Significant Growth and Strategic Expansion in Critical Minerals

UAMY

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

UAMY has undergone a significant turnaround, with its market capitalization growing from $20 million to $1.1 billion. The company projects substantial revenue growth, from $15 million last year (2024) to guidance of $40-$43 million this year (2025) and $125 million to $150 million+ next year (2026).
The company has secured major government contracts, including a $245 million DLA contract and a $104 million contract for fire retardants, driven by an executive order prioritizing U.S. suppliers for military products.
UAMY is expanding its refining capacity, with the Montana facility increasing output fivefold from 100 to 500 tons per month by January 2026, and the Mexico facility reaching 200 tons per month by the end of 2025. The company has also begun mining its own antimony in Montana and Alaska, expecting gross margins to increase from 26-30% to over 50%.
UAMY is diversifying into other critical minerals like cobalt and tungsten at the government's request. The company maintains a strong financial position with approximately $100 million in liquidity and minimal debt of $229,000.

Nov 19, 2025, 5:15 PM

Transcript

UNITED STATES ANTIMONY CORP Reports Strong Sales Growth and Secures Major Contracts

UAMY

Earnings

New Projects/Investments

Revenue Acceleration/Inflection

For the first nine months of the year, sales increased by 182% to $26.2 million, and the company generated $43 million in cash from warrant exercises and stock sales, ending Q3 2025 with $38.5 million in cash and investments.
The company secured two significant sales contracts totaling $352 million over the last 90 days, including a $245 million five-year sole source contract with the Defense Logistics Agency (DLA) and a $107 million five-year contract with a commercial customer. These contracts are a substantial increase compared to $15 million in revenues last year.
UAMY is expanding its Montana processing facility, which is 65% complete and expected to finish in January, and is developing new supply sources globally, including a Bolivian partner expected to deliver 150 tons per month of antimony metal starting in Q1 2026. The company aims to increase production from an average of 100 tons per month to over 500 tons per month by the end of 2026.
U.S. Antimony Corporation positions itself as the only vertically integrated antimony company outside of China and Russia, with the only two operating smelters in North America, aiming for over 60% gross margins when utilizing its own mined material.

Nov 14, 2025, 9:13 PM

8-K

UNITED STATES ANTIMONY CORPORATION Reports Strong Revenue Growth and Secures Major Contracts in Q3 2025

UAMY

Earnings

Guidance Update

New Projects/Investments

For the first nine months ended September 30, 2025, revenues increased 182% year-over-year to $26.23 million, and gross profit rose 219% to $7.22 million. The company reported a net loss of $4.05 million for the same period, which included $5.18 million in non-cash expenses.
The company's cash and investment securities totaled $38.5 million at September 30, 2025, significantly up from $18.2 million at year-end 2024, with $42.42 million in net cash provided by financing activities during the nine-month period.
In Q3 2025, UNITED STATES ANTIMONY CORPORATION secured a five-year, sole-source IDIQ contract with the U.S. Defense Logistics Agency valued at up to $245 million and a five-year commercial supply agreement valued at approximately $107 million.
The company narrowed its fiscal year 2025 revenue guidance to $40 - $43 million and reiterated its 2026 revenue guidance of $125 million.

Nov 12, 2025, 9:02 PM

8-K

United States Antimony Corporation Secures New Supply Agreement

UAMY

New Projects/Investments

Revenue Acceleration/Inflection

United States Antimony Corporation (UAMY) announced a new supply agreement for antimony trioxide with a U.S. industrial fabric manufacturer, with a value of up to $106.7 million for the initial five-year term.
The agreement is effective November 1, 2025, and has a definitive term of five years, with an option for renewal for up to five additional years.
This new contract, combined with a prior Defense Logistics Agency (DLA) contract, brings USAC's total contracted pipeline of orders to over $351 million.
The partnership aims to strengthen domestic supply chain security for critical minerals, reducing the customer's exposure to international disruptions and supporting USAC's increased production volumes.