UNITED STATES ANTIMONY (UAMY) Company Report

UNITED STATES ANTIMONY CORP (UAMY) reported record revenues of $26.2 million and gross profit of $7.2 million for 2025, representing increases of 182% and 219% respectively, compared to 2024.
The company secured significant contracts in 2025, including a $245 million sole-source U.S. DLA contract and a $106.7 million agreement with a large U.S. industrial fabric manufacturer.
Operational expansions include the reopening of the Madero smelter, the start of Montana antimony mine operations, and a substantial expansion of the Thompson Falls Smelter expected to be completed in Q1 2026.
UAMY's market capitalization grew to $1,206 million as of February 6, 2026, and it maintained a strong cash, fed funds, and marketable securities balance of approximately $90-92 million as of December 31, 2025.
The company is expanding its critical mineral portfolio and North American processing capabilities, highlighted by a new Joint Venture with Americas Gold and Silver Corporation to construct a hydromet processing facility.

7 hours ago

8-K

U.S. Antimony Corp Details Strategic Expansion and Financial Growth

UAMY

New Projects/Investments

Revenue Acceleration/Inflection

Guidance Update

U.S. Antimony Corp (UAMY) has secured significant contracts, including a $248 million contract with the DLA for antimony ingots and a $107 million contract with a private company, with first deliveries for the DLA contract expected within two weeks of February 25, 2026.
The company projects $125 million in revenues for 2026, a substantial increase from $39 million in 2025.
UAMY is expanding its operations through vertical integration, having started mining its own product in Montana in 2025, and has formed a joint venture with Americas Gold and Silver to build a new hydromet facility in Idaho.
The company reported approximately $92 million in cash and marketable securities as of September 30 (presumably 2025) and is pursuing a $27 million federal grant for facility expansion, with plans to apply for an additional $75 million for its joint venture project.

3 days ago

Transcript

U.S. Antimony Corp Projects Significant Revenue Growth and Secures Major Contracts

UAMY

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

U.S. Antimony Corp (UAMY) projects $125 million in revenues for 2026, a substantial increase from $39 million in 2025.
The company secured a $248 million contract with the DLA to supply antimony ingots, with first deliveries anticipated within two weeks of February 25, 2026. Additionally, it holds a $107 million contract with a private company for fire retardants, with deliveries ongoing since September.
UAMY has entered a joint venture with Americas Gold and Silver Corporation to construct a new hydromet facility in Idaho and plans to apply for at least $75 million in funding from the Department of War for this project.
The company reported approximately $92 million in cash, fed funds, and marketable securities as of September 30, and is closing a $27 million federal grant to support its Thompson Falls facility expansion, which increased capacity from 100 to 300 tons per month.

3 days ago

Transcript

United States Antimony Secures Major Contracts and Projects Significant Revenue Growth

UAMY

New Projects/Investments

Guidance Update

Revenue Acceleration/Inflection

U.S. Antimony Corp (UAMY) has secured significant contracts, including a $248 million contract with the DLA for antimony ingots and a $107 million contract with a private company, with first DLA deliveries expected in the next two weeks from February 25, 2026.
The company projects $125 million in revenue for 2026, a substantial increase from $39 million in 2025.
UAMY is expanding its operations through a joint venture with Americas Gold and Silver to build a new state-of-the-art hydromet facility in Idaho, and has increased its Thompson Falls facility capacity from 100 to 300 tons per month, supported by an expected $27 million federal grant.
As the first fully integrated antimony company outside of Russia and China, UAMY benefits from China's September 2024 antimony embargo, which has led to increased demand for its critical mineral products.

3 days ago

Transcript

United States Antimony Announces Hydrometallurgical Advancement and Bolivian Facility Expansion

UAMY

New Projects/Investments

United States Antimony announced a hydrometallurgical advancement involving a new processing facility for refining antimony and other critical minerals on a commercial scale.
The company has funded and assisted in the development of a Bolivian facility that has expanded 15 times its original size, with the first product receipt of approximately 150 tons anticipated in February or March 2026 at the expanded Thompson Falls smelter.
United States Antimony remains the only fully integrated antimony company in the world outside of China and Russia, and plans to duplicate its hydromet technology in new facilities in the western United States or Alaska.

Feb 19, 2026, 2:10 PM

Press Release

United States Antimony Corporation announces new Joint Venture for hydromet processing facility

UAMY

New Projects/Investments

M&A

United States Antimony Corporation (UAMY) announced a new Joint Venture with Americas Gold and Silver Corporation to construct a state-of-the-art hydromet processing facility in Idaho.
UAMY will hold a 49% ownership stake in the JV and serve as the managing member, while Americas Gold and Silver will hold 51%.
This facility will be the first commercial-scale hydromet processing center in North America, with UAMY holding an exclusive license for the technology.
The JV aims to process critical minerals such as antimony, copper, and silver, with the goal of achieving greater recoveries at significantly lower costs and improving overall profitability.

Feb 10, 2026, 9:53 PM

8-K

United States Antimony Announces Hydrometallurgical Processing Advancement and Funding Request

UAMY

New Projects/Investments

United States Antimony announced a new hydrometallurgical processing advancement for critical minerals and has funded a commercial-scale facility in Bolivia, which has expanded 15 times its original size and output.
The company anticipates the first receipt of approximately 150 tons of processed antimony flake from the Bolivian facility in February/March 2026 at its recently expanded Thompson Falls smelter.
On January 15, 2026, United States Antimony filed a request with the DOE for $44 million in funding for a new hydromet processing facility in the USA and is pursuing a similar application with the DoW for a location near Montana.
United States Antimony holds an exclusive license to replicate this hydromet process in North America and Australia, enabling the processing of sub-par antimony into military-specification material.
The company is the only fully integrated antimony company globally outside of China and Russia.

Feb 9, 2026, 2:00 PM

Press Release

United States Antimony Corp. Announces Hydromet Processing Advancement

UAMY

New Projects/Investments

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.

Jan 29, 2026, 8:55 PM

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.