United States Antimony (UAMY) AI Stock Analysis

• Market Cap: $1.25B
• Dividend Yield: N/A
• Average Volume (3M): 13.80M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.73
• Revenue Growth: 240.12%
• EPS Growth: 0.98%
• Country: US
• Employees: 60
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.04
• Shares Outstanding: 140,035,600
• 10 Day Avg. Volume: 7,251,712
• 30 Day Avg. Volume: 13,797,344
• PEG Ratio: 1.52
• Price to Book (P/B): 6.72
• Price to Sales (P/S): 12.87
• P/FCF Ratio: 107.40
• Enterprise Value/Market Cap: 0.97
• Enterprise Value/Revenue: 36.85
• Enterprise Value/Gross Profit: 142.94
• Enterprise Value/Ebitda: -299.52
• 1Y Price Target: $11.58
• Price Target Upside: 29.53% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): 0.22
• Revenue Forecast (FY): $136.00M

• Rating: 60 Neutral
• Price Target: $10.00 ▲(11.86% Upside)
• Action: Reiterated Date: 02/04/26
• Date: Action: Reiterated 02/04/26

The score is primarily driven by mixed fundamentals: rapid revenue growth and low leverage are outweighed by weak profitability and negative operating/free cash flow. Technicals are supportive with the stock trading above major moving averages and a positive MACD. Valuation is constrained by losses (negative P/E). Earnings-call details improve the outlook due to strong sales momentum, liquidity, and large multi-year contracts, partially offset by margin-pressure and net-loss risks.

Positive Factors

Low leverage

A very low debt-to-equity ratio and minimal long-term debt materially reduce fixed financing costs and preserve borrowing capacity. This balance-sheet conservatism supports capital spending for mill and smelter expansion, helps the firm weather commodity cycles, and enhances strategic optionality over the next several quarters.

Secured multi-year contracts

Large, multi-year supply agreements with the Defense Logistics Agency and a major commercial customer provide durable revenue visibility and de-risk ramping production. These contracts underpin planned capacity increases and support predictable high-volume shipments, improving the likelihood that expansion capex will be absorbed by contracted demand.

Integrated processing & asset growth

Investment in processing capacity and acquisitions (Bolivian hydromet feed, Thompson Falls expansion, Radersburg mill) builds a vertically integrated North American supply chain. Controlling ore-to-product flows and securing exclusive feedstock enhances throughput, military-spec output capability, and long-term competitiveness versus fragmented suppliers.

Negative Factors

Negative profitability

Despite revenue growth, persistent negative operating and net margins indicate the business has yet to convert scale into sustainable profitability. Continued losses constrain retained earnings, limit internal funding of growth, and heighten dependency on external financing or equity, raising execution risk across the expansion program.

Weak operating cash flow

Negative operating and free cash flow signal the core business currently consumes cash even as revenues rise. Weak cash generation limits the firm's ability to self-fund capex, inventory build, and permit work, increasing reliance on equity raises or non-recurring financing and exposing the company to funding risk if market access tightens.

Margin exposure & inventory buildup

Management flagged margin pressure from declining antimony prices while inventory tripled, tying significant capital to commodity exposure. Large inventory plus lower realized prices risks margin compression, potential write-downs, and working capital strain that could undermine near-term cash flow and the economics of planned production increases.

United States Antimony Business Overview & Revenue Model

Company Description

United States Antimony Corporation produces and sells antimony, silver, gold, and zeolite products in the United States and Canada. The company's Antimony division offers antimony oxide that is primarily used in conjunction with a halogen to form a synergistic flame retardant system for plastics, rubber, fiberglass, textile goods, paints, coatings, and paper. Its antimony oxide is also used as a color fastener in paints; as a catalyst for the production of polyester resins for fibers and films; as a catalyst for the production of polyethelene pthalate in plastic bottles; as a phosphorescent agent in fluorescent light bulbs; and as an opacifier for porcelains. In addition, this division offers sodium antimonite; and antimony metal for use in bearings, storage batteries, and ordnance; and precious metals. The company's Zeolite division provides zeolite deposits for soil amendment and fertilizer, water filtration, sewage treatment, nuclear waste and other environmental cleanup, odor control, gas separation, and animal nutrition applications. Its zeolite products also have applications in catalysts, petroleum refining, concrete, solar energy and heat exchange, desiccants, pellet binding, horse and kitty litter, and floor cleaners, as well as carriers for insecticides, pesticides, and herbicides. United States Antimony Corporation was founded in 1968 and is based in Thompson Falls, Montana.

How the Company Makes Money

UAMY generates revenue primarily through the sale of antimony and its derivatives, which are essential for various industrial applications. The company operates a production facility that processes antimony ore into high-purity antimony products, which are then sold to manufacturers in diverse industries. Key revenue streams include the sale of antimony metal, antimony trioxide, and other related products. Additionally, UAMY benefits from strategic partnerships with other mining and industrial companies, which help to secure distribution channels and expand its market reach. The demand for antimony, driven by its applications in flame retardants and electronics, contributes significantly to the company's earnings, alongside potential revenue from its exploration of zeolite and other mineral resources.

United States Antimony Financial Statement Overview

Summary

Strong top-line growth (TTM revenue growth 23.42%) and a very low debt-to-equity ratio (0.0225) support stability, but negative EBIT and net profit margins, negative ROE (-2.85%), and negative operating/free cash flow indicate ongoing profitability and cash-generation challenges.

Income Statement

United States Antimony shows a mixed performance in its income statement. The company has achieved a significant revenue growth rate of 23.42% in the TTM period, indicating strong top-line expansion. However, profitability metrics are concerning, with negative net profit and EBIT margins, suggesting ongoing operational challenges. The gross profit margin is relatively stable at 25.90%, but the negative EBIT and net profit margins highlight the need for cost management improvements.

Balance Sheet

The balance sheet of United States Antimony reflects a stable financial position with a low debt-to-equity ratio of 0.0225, indicating minimal leverage. However, the return on equity is negative, at -2.85%, suggesting inefficiencies in generating returns for shareholders. The equity ratio is strong, showing that a significant portion of the company's assets is financed by equity, which enhances financial stability.

Cash Flow

Cash flow analysis reveals significant challenges, with negative operating cash flow and free cash flow in the TTM period. Despite a high free cash flow to net income ratio, the overall cash flow position is weak, indicating liquidity concerns. The substantial free cash flow growth rate of 152.55% is positive but comes from a low base, highlighting volatility in cash generation.

Breakdown	TTM	Dec 2024	Mar 2024	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	33.10M	14.94M	8.69M	11.04M	7.75M	5.24M
Gross Profit	8.53M	3.47M	-3.34M	2.00M	838.61K	205.70K
EBITDA	-4.07M	-1.29M	-5.89M	1.26M	825.95K	-2.38M
Net Income	-4.94M	-1.73M	-6.35M	428.66K	-60.47K	-3.29M
Balance Sheet
Total Assets	79.88M	34.64M	28.09M	34.70M	35.00M	13.30M
Cash, Cash Equivalents and Short-Term Investments	19.61M	18.17M	11.97M	19.32M	21.62M	919.31K
Total Debt	265.21K	1.71M	28.44K	312.00K	215.15K	629.83K
Total Liabilities	8.13M	6.04M	2.57M	2.83M	2.63M	6.11M
Stockholders Equity	71.75M	28.60M	25.52M	31.87M	32.37M	7.19M
Cash Flow
Free Cash Flow	-21.32M	1.79M	-6.28M	-1.98M	-3.08M	-1.55M
Operating Cash Flow	-5.04M	2.22M	-4.75M	-249.28K	-2.43M	-1.31M
Investing Cash Flow	-36.18M	-42.07K	-1.34M	-1.79M	-653.13K	-243.09K
Financing Cash Flow	46.62M	4.14M	-1.07M	-267.73K	23.78M	2.10M

United States Antimony Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.94
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UAMY, the sentiment is Positive. The current price of 8.94 is above the 20-day moving average (MA) of 8.07, above the 50-day MA of 7.63, and above the 200-day MA of 5.91, indicating a bullish trend. The MACD of 0.16 indicates Negative momentum. The RSI at 56.14 is Neutral, neither overbought nor oversold. The STOCH value of 87.53 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for UAMY.

United States Antimony Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
NEXA	61 Neutral	$1.81B	-111.43	-1.64%	1.14%	7.92%	91.83%
UAMY	60 Neutral	$1.25B	-218.05	-10.59%	―	240.12%	0.98%
ABAT	54 Neutral	$486.01M	-9.15	-43.52%	―	821.40%	44.70%
GSM	50 Neutral	$953.66M	-5.62	-24.17%	1.17%	-16.89%	-403.77%
NB	47 Neutral	$756.46M	-6.36	-34.72%	―	―	―

United States Antimony Corporate Events

United States Antimony advances Bolivian hydrometallurgical expansion

On January 28, 2026, United States Antimony Corporation announced that since mid-2025 it has been funding and assisting the development of a commercial-scale hydrometallurgical processing facility in Bolivia to refine antimony and other critical minerals, expanding the plant’s size and output fifteenfold and securing an exclusive contract to receive its antimony flake. The first shipment of roughly 150 tons is expected to reach USAC’s newly expanded Thompson Falls, Montana smelter in February–March 2026, which management says should significantly boost throughput and enable production that meets military specifications, reinforcing the company’s position as the only fully integrated antimony producer outside China and Russia; USAC has also filed a $44 million funding request with the U.S. Department of Energy and is preparing a separate application to the Department of War to support additional state-of-the-art hydromet facilities in North America based on the Bolivian-developed hydromet process, underscoring its push to lead in critical mineral processing for industrial and U.S. government customers.

The most recent analyst rating on (UAMY) stock is a Buy with a $11.00 price target. To see the full list of analyst forecasts on United States Antimony stock, see the UAMY Stock Forecast page.

United States Antimony acquires Montana critical minerals mill

On January 20, 2026, United States Antimony Corporation announced that it had closed, on January 16, 2026, the $4.75 million cash acquisition of a fully operational critical minerals flotation facility in Radersburg, Montana, with a further $2 million budgeted for equipment upgrades, positioning the asset within 250 miles of its expanding Thompson Falls smelter. The Radersburg Mill, equipped with gravity and flotation circuits capable of concentrating antimony-bearing stibnite as well as gold, silver, copper, and other metals, is intended to process raw ore from Alaska and Montana and replace a previously cancelled lease of a similar Montana facility, strengthening USAC’s integrated supply chain, enhancing its ability to meet industrial and government demand for antimony products, and providing additional milling opportunities to support profitability and operational control.

The most recent analyst rating on (UAMY) stock is a Hold with a $8.50 price target. To see the full list of analyst forecasts on United States Antimony stock, see the UAMY Stock Forecast page.

United States Antimony Highlights Strong 2025 Growth and Contracts

In a January 5, 2026 letter reviewing performance in calendar year 2025, United States Antimony reported a 182% rise in its share price and a 250% increase in market capitalization, alongside a surge in liquidity from $18.2 million to about $90 million and record revenues and cash flow through the first three quarters. Full‑year revenues climbed from $14.9 million in 2024 to roughly $39 million in 2025, driven mainly by higher pricing on antimony and zeolite, while the company expanded its asset base with new antimony and tungsten leases, issued a long‑life zeolite reserve report, restarted its Madero smelter, and advanced expansion of its Thompson Falls smelter. US Antimony also secured two major five‑year contracts worth more than $350 million in aggregate—one with the U.S. Defense Logistics Agency to replenish the National Defense Stockpile and another with an industrial customer for fire‑retardant materials—completed $69.2 million of equity offerings, dual‑listed its shares, and broadened its investor base to about 30% institutional ownership. Management emphasized that the company has become a fully integrated antimony producer outside China and Russia and highlighted that future growth in 2026 is expected to come primarily from higher production volumes supported by increased ore procurement and mining, signaling a strengthening competitive position in the North American critical minerals sector and a deeper alignment with U.S. defense and industrial supply chain needs.

The most recent analyst rating on (UAMY) stock is a Hold with a $6.50 price target. To see the full list of analyst forecasts on United States Antimony stock, see the UAMY Stock Forecast page.

United States Antimony Appoints New Independent Director

On November 24, 2025, United States Antimony Corporation appointed Jon R. Marinelli as an Independent Director, expanding the board to seven members. Marinelli, a seasoned financial executive with over 25 years of experience, will also chair the newly formed Finance Committee. His extensive background in capital markets and strategic advisory roles is expected to contribute significantly to USAC’s growth and strategic initiatives, enhancing its position in the critical minerals supply chain.

The most recent analyst rating on (UAMY) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on United States Antimony stock, see the UAMY Stock Forecast page.

United States Antimony Secures $106.7M Supply Agreement

On November 7, 2025, United States Antimony Corporation signed a five-year supply agreement valued at approximately $106.7 million with a U.S. industrial fabric manufacturer for antimony trioxide, a key component in flame retardant materials. This deal marks a strategic move to strengthen domestic supply chains and reduce reliance on international sources, reflecting a broader trend of reshoring critical mineral supplies. The agreement is expected to provide USAC with a stable, long-term customer, enhancing its operational stability and supporting U.S. manufacturing capabilities.

The most recent analyst rating on (UAMY) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on United States Antimony stock, see the UAMY Stock Forecast page.

United States Antimony to Release Q3 2025 Results

On November 7, 2025, United States Antimony Corporation announced the date for the release of its Third Quarter and Nine Months Ended September 30, 2025, Financial and Operating Results, scheduled for November 12, 2025. The announcement highlights USAC’s role as a key player in the critical minerals market, with implications for stakeholders regarding its financial performance and strategic positioning in the industry.

The most recent analyst rating on (UAMY) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on United States Antimony stock, see the UAMY Stock Forecast page.