US Antimony: Building an Integrated, Technology-Driven Strategic Antimony Supply Chain – Buy Rating Initiated

William Blair analyst Neal Dingmann has maintained their bullish stance on UAMY stock, giving a Buy rating today.

Neal Dingmann has given his Buy rating due to a combination of factors tied to United States Antimony’s expanding role in the strategic antimony supply chain. He points to the company’s progress in building an integrated operation to support its five-year, $245 million sole-source Department of Defense contract, including the recent acquisition of a critical minerals flotation facility that will supply its smelters with concentrated ore from Alaska and Montana. He also highlights ongoing upgrades at the Montana smelting complex, where a new operation is expected online soon, followed by refurbishment of the legacy plant to enhance efficiency and reliability, supported by ample inventories and new domestic processing capacity in Idaho.

Dingmann further underscores the upside from the company’s technology initiatives, particularly the deployment of hydrometallurgical and electroplating processes to transform lower-grade, more contaminated concentrates into material that meets military specifications. Early success with a Bolivian partner suggests this technology can be scaled to commercial levels in the U.S., allowing the company to accept a broader range of feedstock from multiple countries and accelerate production of high-purity antimony products. He notes that integrating this process could significantly increase throughput at the Thompson Falls facility without major mechanical expansion, strengthening the company’s long-term growth trajectory. Growing global interest in critical minerals, including approaches from foreign governments, further supports his view that US Antimony is well positioned within a structurally attractive market, justifying the Buy recommendation.

In another report released today, TipRanks – Google also reiterated a Buy rating on the stock with a $12.50 price target.