United States Antimony Secures $248M Defense Contract, Expands Antimony Production

The company is positioning itself as a key North American downstream processor amid tighter global supply dynamics.

Apr. 7, 2026 at 12:10pm

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A highly polished, geometric antimony ingot or block resting on a clean, monochromatic background, using dramatic studio lighting and deep shadows to convey the strategic importance of this critical mineral.A gleaming antimony ingot symbolizes United States Antimony's efforts to bolster domestic production of this critical mineral.Thompson Falls Today

United States Antimony (NYSEAMERICAN:UAMY) outlined its strategy to scale domestic antimony production and processing while pursuing adjacent critical minerals initiatives during a fireside chat. The company secured a $248 million Defense Logistics Agency contract to stockpile antimony, and is investing in expanding its hydrometallurgy capabilities to boost processing speed and throughput at its Montana facility.

Why it matters

Antimony is a critical mineral used in a variety of industries, from batteries and solar panels to defense applications. As global supply dynamics tighten, United States Antimony is positioning itself as a key North American processor to help reduce reliance on imports, particularly from China.

The details

United States Antimony said it secured a $248 million Defense Logistics Agency contract at the end of 2023 to stockpile antimony for the U.S. government. The company has already received around $85 million in orders for 2026 under this program, which it says will represent a large portion of its forecast revenue. The company is also investing in expanding its hydrometallurgy capabilities, which it says can increase effective throughput at its Montana facility to 700 or 1,000 tons per month, nearly four times the speed of traditional processing. Additionally, the company is pursuing other critical minerals like tungsten and cobalt, and recently received a $27 million government award tied to expanding throughput and reimbursing costs.

  • United States Antimony secured the $248 million DLA contract at the end of 2023.
  • The company expects to open mining operations in Montana in the next 30 days and in Alaska in the next 60 days.

The players

United States Antimony Corporation

A specialized mining and chemical company focused primarily on the production and processing of antimony and antimony-based compounds, with operations in the United States and Mexico.

Gary C. Evans

The CEO of United States Antimony, who has led four prior public companies in oil and gas to 'billion-dollar valuations.'

Jonathan Miller

The head of investor relations at United States Antimony, who described the company's strategy and initiatives during the fireside chat.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee

What’s next

The company expects to open mining operations in Montana in the next 30 days and in Alaska in the next 60 days.

The takeaway

United States Antimony's strategic investments in expanding its domestic antimony production and processing capabilities, as well as its pursuit of other critical minerals, position the company to play a key role in reducing the U.S. reliance on imported antimony and other critical materials.