We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is UAMY Becoming America's Most Strategic Mineral Supplier?
Read MoreHide Full Article
Key Takeaways
UAMY is the only vertically integrated antimony supplier in North America amid rising U.S. mineral needs.
UAMY is executing a $245M DLA contract and is the sole approved supplier for military-spec trisulfide.
UAMY reopened the first U.S. antimony mine in decades, scaling from ore to finished defense-grade product.
United States Antimony Corporation’s (UAMY - Free Report) latest earnings call reflects an impact larger than quarterly margins. The company is carving out a pivotal role in America’s mineral security strategy, emerging as the only vertically integrated antimony supplier in North America — and among the few that operate outside China and Russia. In an era of rising geopolitical strain and intensifying pressure on U.S. supply chains, that differentiation is becoming strategically priceless.
Antimony is a small-volume mineral with an outsized national-security footprint. It hardens ammunition, enables ignition systems, and underpins night-vision, infrared sensors, drones, and other advanced defense electronics. CEO Gary Evans repeatedly emphasized this point — the “unknown” mineral is essential to modern warfare and industrial stability. With China producing 60 times the U.S. output and controlling up to 90% of global refining capacity, Washington faces a critical dependency it can no longer accept.
This explains why federal agencies, especially the Defense Logistics Agency (“DLA”), are turning to UAMY. The company is already executing a $245 million DLA contract for defense-grade metallic antimony and has become the sole approved North American supplier for military-spec antimony trisulfide used in ammunition primers. Analysts often speak about reshoring, but this time it’s real — UAMY has revived the first U.S. antimony mine in decades and is building a fully integrated supply chain from ore to finished product.
Beyond defense, UAMY’s relevance is widening. Antimony’s role in solar glass, where China just improved efficiency using antimony-rich designs, and its foundational use in electronics, batteries, and flame retardants further cement demand from strategic U.S. industries. The convergence of military, clean-energy, and industrial priorities is transforming the company from a niche miner to a national-interest asset.
With geopolitical tensions rising, China tightening export controls, and U.S. stockpiles covering only weeks of demand, UAMY is no longer just a supplier — it is becoming a strategic safeguard. For Washington, the U.S. industrial base, and investors at the crossroads of minerals and national security, UAMY is emerging as the common meeting point.
Peer Updates
Coeur Mining’s (CDE - Free Report) third-quarter results underscore a company executing a disciplined, multi-asset growth strategy grounded in operational optimization and targeted mine-site reinvestment. Management highlighted record free cash flow, a rapidly strengthening balance sheet, and the success of strategic initiatives such as the integration of Las Chispas and the multi-year underground development at Kensington — all of which are now translating into higher-grade mining, improved recoveries and tighter cost control.
Coeur’s investment in Rochester’s three-stage crusher corridor is central to unlocking the mine’s long-term value, with incremental modifications steadily reducing particle size and improving recoveries. Coeur is capitalizing on exploration, throughput gains, and targeted mine sequencing across Las Chispas, Palmarejo, Wharf and Rochester to make 2026 a breakout year for production.
Lundin Mining’s (LUNMF - Free Report) third-quarter earnings call emphasized a portfolio-wide push toward scale, cost efficiency, and future-ready copper growth, with strategic initiatives centered on Latin America. The company raised copper guidance, mainly driven by Caserones, where hydrometallurgical improvements, better leach-pad management, and tighter geological control are enabling a step-change in cathode output, supporting long-term plans for a 35,000-ton annual capacity.
At the district level, Lundin is advancing the transformational Vicuña project toward an integrated technical report in early 2026, positioning it as a future top-10 global copper producer. Near-mine expansion opportunities like Chapada’s Saúva project further reinforce a disciplined, multi-phase growth pipeline underpinned by strong cash flow and a rapidly deleveraging balance sheet.
UAMY’s Price Performance, Valuation and Estimates
Shares of UAMY have surged 330.5% in the year-to-date period compared to 28.5% increase for the industry.
Image Source: Zacks Investment Research
From a valuation standpoint, UAMY trades at a forward price-to-sales ratio of 9.59, above the industry average. It trades higher than its five-year median of 4.75. UAMY carries a Value Score of F.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for United States Antimony Corporation’s 2025 earnings implies a 300% rise from the year-ago period’s level.
Image: Bigstock
Is UAMY Becoming America's Most Strategic Mineral Supplier?
Key Takeaways
United States Antimony Corporation’s (UAMY - Free Report) latest earnings call reflects an impact larger than quarterly margins. The company is carving out a pivotal role in America’s mineral security strategy, emerging as the only vertically integrated antimony supplier in North America — and among the few that operate outside China and Russia. In an era of rising geopolitical strain and intensifying pressure on U.S. supply chains, that differentiation is becoming strategically priceless.
Antimony is a small-volume mineral with an outsized national-security footprint. It hardens ammunition, enables ignition systems, and underpins night-vision, infrared sensors, drones, and other advanced defense electronics. CEO Gary Evans repeatedly emphasized this point — the “unknown” mineral is essential to modern warfare and industrial stability. With China producing 60 times the U.S. output and controlling up to 90% of global refining capacity, Washington faces a critical dependency it can no longer accept.
This explains why federal agencies, especially the Defense Logistics Agency (“DLA”), are turning to UAMY. The company is already executing a $245 million DLA contract for defense-grade metallic antimony and has become the sole approved North American supplier for military-spec antimony trisulfide used in ammunition primers. Analysts often speak about reshoring, but this time it’s real — UAMY has revived the first U.S. antimony mine in decades and is building a fully integrated supply chain from ore to finished product.
Beyond defense, UAMY’s relevance is widening. Antimony’s role in solar glass, where China just improved efficiency using antimony-rich designs, and its foundational use in electronics, batteries, and flame retardants further cement demand from strategic U.S. industries. The convergence of military, clean-energy, and industrial priorities is transforming the company from a niche miner to a national-interest asset.
With geopolitical tensions rising, China tightening export controls, and U.S. stockpiles covering only weeks of demand, UAMY is no longer just a supplier — it is becoming a strategic safeguard. For Washington, the U.S. industrial base, and investors at the crossroads of minerals and national security, UAMY is emerging as the common meeting point.
Peer Updates
Coeur Mining’s (CDE - Free Report) third-quarter results underscore a company executing a disciplined, multi-asset growth strategy grounded in operational optimization and targeted mine-site reinvestment. Management highlighted record free cash flow, a rapidly strengthening balance sheet, and the success of strategic initiatives such as the integration of Las Chispas and the multi-year underground development at Kensington — all of which are now translating into higher-grade mining, improved recoveries and tighter cost control.
Coeur’s investment in Rochester’s three-stage crusher corridor is central to unlocking the mine’s long-term value, with incremental modifications steadily reducing particle size and improving recoveries. Coeur is capitalizing on exploration, throughput gains, and targeted mine sequencing across Las Chispas, Palmarejo, Wharf and Rochester to make 2026 a breakout year for production.
Lundin Mining’s (LUNMF - Free Report) third-quarter earnings call emphasized a portfolio-wide push toward scale, cost efficiency, and future-ready copper growth, with strategic initiatives centered on Latin America. The company raised copper guidance, mainly driven by Caserones, where hydrometallurgical improvements, better leach-pad management, and tighter geological control are enabling a step-change in cathode output, supporting long-term plans for a 35,000-ton annual capacity.
At the district level, Lundin is advancing the transformational Vicuña project toward an integrated technical report in early 2026, positioning it as a future top-10 global copper producer. Near-mine expansion opportunities like Chapada’s Saúva project further reinforce a disciplined, multi-phase growth pipeline underpinned by strong cash flow and a rapidly deleveraging balance sheet.
UAMY’s Price Performance, Valuation and Estimates
Shares of UAMY have surged 330.5% in the year-to-date period compared to 28.5% increase for the industry.
Image Source: Zacks Investment Research
From a valuation standpoint, UAMY trades at a forward price-to-sales ratio of 9.59, above the industry average. It trades higher than its five-year median of 4.75. UAMY carries a Value Score of F.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for United States Antimony Corporation’s 2025 earnings implies a 300% rise from the year-ago period’s level.
Image Source: Zacks Investment Research
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.