You’ve probably never heard of antimony. Honestly, most people haven't. But if you’re looking at United States Antimony stock (UAMY), you’ve stumbled onto one of the most intense geopolitical tug-of-wars in the modern market. It’s a small-cap world where high-stakes defense contracts meet a massive supply squeeze, and right now, the U.S. is scrambling to catch up.
For decades, we basically ignored this stuff. We let China dominate the market because it was cheaper. Now? Not so much.
With China tightening its grip on exports and the Pentagon realizing they need this metal for everything from armor-piercing bullets to night-vision goggles, United States Antimony Corporation has been thrust into the spotlight. It's not just another mining play. It’s a strategic pivot.
The Absolute Chaos of the Antimony Market
Why does everyone suddenly care? Antimony is a "brittle" metal, but it’s a beast when it comes to fireproofing and hardening other metals. Think about lead-acid batteries, flame retardants in your couch, and—most importantly—military hardware.
🔗 Read more: Truck driver for Walmart: What most people get wrong about the $100k salary
China controls about half of the world’s production. In late 2024, they dropped a bombshell by restricted exports. The world panicked. Prices went vertical.
Why UAMY is the main character right now
United States Antimony Corp is sort of the "last man standing" in North America. They operate the only functional antimony smelter on the continent, located in Thompson Falls, Montana.
They aren't just a miner. They’re a processor.
If you own or are watching United States Antimony stock, you’re betting on their ability to turn raw ore—which they are now sourcing more of domestically and from "friendly" nations—into the high-purity metal the U.S. government is desperate for.
The 2026 Inflection Point: What’s Actually Changing?
If you looked at this company two years ago, it looked like a sleepy penny stock. But things are moving fast.
💡 You might also like: What Will Happen Tomorrow in the Stock Market: Why Most People Get It Wrong
- The Thompson Falls Expansion: They are currently blowing out their capacity. We’re talking about a projected 400% increase in processing power. They’ve been adding new furnaces that are slated to come online in early 2026.
- Revenue Guidance: Management has been getting bold. They recently hiked their 2026 revenue outlook to $125 million. For a company that was doing a fraction of that recently, that's a massive jump.
- The Pentagon Connection: They secured a $245 million contract from the Defense Logistics Agency (DLA). That isn't just "good news"—it’s a lifeline. It means the U.S. military is effectively subsidizing their growth to ensure we have a domestic stockpile.
What Most People Get Wrong About the Risks
It's not all "to the moon" talk. There’s a lot that could go sideways.
First, the stock is volatile. Like, really volatile. In early January 2026, we saw the price swing from $8.74 down to $7.75 in a single day. That’s a 12% drop while you were eating lunch. If you can't stomach that, this isn't the trade for you.
Second, they’ve had issues with consistency. In the past, they’ve missed EPS (Earnings Per Share) targets. While the "story" is great, the execution has to be perfect. If the smelter expansion hits a snag or if the ore they’re mining at Stibnite Hill in Montana isn't as high-grade as they hope, the stock could easily retreat.
The "Perpetua" Factor
You can't talk about United States Antimony stock without mentioning Perpetua Resources (PPTA). They are the "big brother" in the Idaho mining scene. They’re working on the Stibnite Gold Project, which has huge antimony deposits.
There’s a weird, symbiotic relationship here. Perpetua has the massive ore body; U.S. Antimony has the smelter. While they are technically competitors for investor dollars, the reality is that the U.S. needs both of them to succeed if we ever want to be independent of Chinese supply.
The Geopolitical "Trump" Card
As of January 2026, the political landscape is shifting hard toward protectionism. The Trump administration has doubled down on critical minerals.
💡 You might also like: Dow Jones Index Returns by Year: The Brutal Truth About What Usually Happens
They recently signed an Executive Order focused on "Adjusting Imports of Processed Critical Minerals." Basically, they’re looking to tax the heck out of Chinese-processed minerals while giving a leg up to domestic players. This is a massive tailwind for UAMY.
If you're looking at the charts, you'll see a lot of institutional accumulation. Big money is starting to realize that "boring" minerals are the new "tech."
Actionable Insights for Investors
If you're looking to play this, don't just blindly buy at the peak of a news cycle. Here is how the pros are looking at it:
- Watch the $7.00 - $8.00 support level: Historically, when the stock holds this range, it tends to consolidate before the next leg up.
- Monitor the Smelter Milestones: The "January 2026" furnace startup is a make-or-break moment. If they report that the new capacity is fully operational and hitting purity standards, that’s your green light.
- Check the Short Interest: It’s been sitting around 17-18%. That’s high. A "short squeeze" is a real possibility if the company beats revenue expectations in the next quarter.
- Diversify your "Critical Mineral" Bucket: Don't put everything into UAMY. Look at the broader sector—companies like MP Materials (Rare Earths) or Perpetua (Gold/Antimony)—to hedge against company-specific failures.
Bottom line? United States Antimony stock is a high-conviction play on the death of globalization. It's messy, it's industrial, and it's essential for national security. Just don't expect a smooth ride.
Next Step: Review the company’s most recent 10-Q filing to confirm the exact completion date of the Thompson Falls furnace expansion. Pay close attention to any mentions of "yield" or "purity levels," as these are the leading indicators of whether they can actually fulfill those massive DLA contracts.