Is UAMY a good stock to buy now? We came across a bullish thesis for United States Antimony Corporation in Joshua S’s Substack of Strata Capital. In this article, we will summarize the bulls’ view on UAMY. The lowest price of shares of United States Antimony Corporation in April 2019 is 10.51 US dollars. UAMY’s trailing and forward P/E were 33.93 and 41.15 respectively according to Yahoo Finance.
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United States Antimony Corporation produces and sells antimony, zeolite, and precious metals in the United States and Canada. UAMY recently announced a joint venture with Americas Gold and Silver Corporation that could significantly strengthen its position in the domestic antimony supply chain.
The business will be 51% American and 49% United States Antimony, with UAMY serving as managing partner and contributing its Alkaline Selective Leaching (ASL) technology, while USAS is providing the land, infrastructure, and ore from the Galena Complex in Idaho.
The Galena area, located in the Coeur d’Alene Mining District, currently produces silver-copper-antimony concentrates and will produce approximately 561,000 pounds of contained antimony by 2025. Historically, the ore was sold to third-party smelters, which often imposed high fines for the seizure of antimony. By building a new hydrometallurgical processing facility on site, the joint venture aims to unlock additional revenue streams by converting ore into finished antimony products while preserving copper and silver products.
ASL’s United States Antimony technology is at the core of the project, allowing over 99% antimony recovery while maintaining high levels of silver and copper recovery and allowing the processing of low-grade or complex metals that were previously considered economic. The project is expected to cost an estimated $44 million and could be largely funded by federal grants given its alignment with America’s critical mineral supply chains and defense manufacturing needs.
If successful, the facility—expected to come online in 2027 or 2028—could provide United States Antimony with a reliable source of domestic feedstock, reduce reliance on foreign processing, and position the company to scale production while managing financial risk through a joint structure.
Previously, we included a bullish thesis to MP Materials Corp. (MP) by Steve_Zissouu in April 2025, which highlighted its extraordinary global operations combined directly and strategically with the US efforts to protect the important supply chain of minerals at home. MP’s stock price is down about 168.43% since our coverage. Strata Capital has a similar view but emphasizes United States Antimony Corporation’s (UAMY) joint venture and processing technology that strengthens domestic antimony supply.
