US Antimony Lands $245 Million U.S. Defense Contract—Deal Marks Dramatic Shift Versus $14.9M Prior Revenues

Major Milestone: Government Contract Overshadows 2024 Revenues by 16x

In a move that could transform its business trajectory, United States Antimony Corporation (NYSE: UAMY) has clinched a $245 million sole-source contract with the U.S. Defense Logistics Agency. Over five years, UAMY will deliver antimony ingots to help replenish the National Defense Stockpile—providing a critical material essential for munitions, batteries, and fire-resistant applications.

To put the significance in context: USAC's total reported revenues for 2024 stood at just $14.9 million. This new contract represents a leap of nearly sixteen times that figure, signaling a scale shift in operations and national strategic relevance.

Strategic Relevance: UAMY Becomes Go-To Domestic Source for Antimony

The Defense Logistics Agency’s selection of UAMY underscores the U.S. government’s heightened focus on domestic supply chains for critical minerals. UAMY is the only operator of two North American antimony smelters and has a decades-long track record of processing and producing to government standards. The company has recently accelerated procurement efforts from both international sources and new U.S. acreage—especially in Alaska and Montana, where initial results show high-grade deposits.

Chairman and CEO Gary C. Evans emphasized that competing antimony suppliers are several years from commercial output and, according to USAC’s analysis, lack the quality needed for U.S. military use. The rapid ramp-up capacity at UAMY’s North American facilities means first deliveries could start as early as this week.

Expertise Drives Sole-Source Status: Deep Bench in Antimony Science

A key factor in landing this deal is the company’s deep bench of industry experts, particularly in antimony processing. President of the Antimony Division, Gus Gustavsen, brings more than fifty years’ experience—including innovative production scaling and global supply chain know-how. This institutional expertise was cited as central to winning the sole-source, long-term contract from the Department of Defense.

Implications: Bolstering Domestic Critical Mineral Security

The contract further secures a vital material for defense, given antimony’s key uses in ammunition primers, battery alloys, and flame retardants. With most global antimony production centered outside the U.S.—and competing projects years away—UAMY’s established operations are uniquely positioned to support national stockpiles.

Mining has just commenced at USAC's new acreage in Alaska, revealing high-grade ore that may further enhance supply chain security. As geopolitical pressures and resource independence become higher priorities, UAMY’s exclusive deal may set a precedent for similar public-private partnerships.

What to Watch: Can UAMY Sustain This Pace?

With deliveries beginning immediately, the spotlight will be on UAMY’s ability to ramp up efficiently and manage supply sources—domestically and abroad—at much larger scale. The company’s integrated model, combined with decades of know-how, provides an edge, but investors and stakeholders will be watching for execution risks as well as future government mineral sourcing strategies.

This landmark deal may not only transform UAMY’s revenue profile but also serve as a signal to investors that critical minerals—and domestic sources—are an area to watch in coming years. Will UAMY’s exclusive advantage endure as other entrants race to catch up?

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