United States Antimony Expands Capacity as Defense Contracts Fuel Growth
United States Antimony (UAMY) is expanding capacity due to defense contracts, including a $245M DLA contract for antimony metal ingots. The company also secured a $106M contract for flame-retardant materials. A joint venture with Americas Gold and Silver aims to build a hydrometallurgical facility, increasing total capacity to 1,500 tons/month. Revenue grew from $8M in 2023 to $39M in 2024, but guidance was reduced to $60M-$75M due to price declines.
How this was made
The 30-second read
Why it matters
The $245 M defense contract and guidance reduction together reshape near‑term earnings expectations.
Market read
New defense contract offsets guidance cut, creating mixed short‑term price pressure for UAMY.
What to watch
Potential for additional contract expansions and tungsten revenue line could improve future outlook.
Background
United States Antimony (NYSE:UAMY) produces antimony and related specialty materials, serving defense and industrial markets.
Ticker impact
United States Antimony disclosed a $245 million Defense Logistics Agency contract and cut its 2025 revenue guidance to $60‑75 million after antimony price weakness.
likely pressure as the market prices in the lower revenue guidance despite the new contract
Guidance cut is a material negative; the contract is a positive but may be offset in the short term.
Market effects
U.S. specialty metals and defense supply chain may see modest demand uplift.
U.S. defense contractors could benefit from increased antimony supply.
Limited to antimony market; no broad macro effect.
Counterpoint
The defense contract could outweigh the guidance cut if execution is swift, leading to upside.
Key entities
- companyUnited States Antimony Corporation
U.S. antimony producer listed on NYSE.
- government_agencyDefense Logistics Agency
U.S. defense procurement agency awarding the contract.
