UAMY shares surge 15.98% on strategic progress and 106M supply agreement

Shares of United States Antimony (UAMY) surged 15.9751% in pre-market trading on December 23, 2025, signaling renewed investor confidence in the critical minerals sector.

The rally follows a mixed earnings season marked by strategic progress. The company reported record third-quarter sales and reinforced its position as a key U.S. antimony supplier, with analysts highlighting its strategic value in defense and energy supply chains. H.C. Wainwright upgraded its price target to $10.25 with a "Buy" rating, while William Blair revised multi-year earnings forecasts upward, projecting $0.50 for FY2027 and $0.51 for FY2028/FY2029. These long-term projections contrast with near-term cuts to Q4 2025 and FY2026 earnings estimates, which created short-term volatility earlier in the year.

Recent catalysts include a $106 million domestic supply agreement to strengthen U.S. critical mineral infrastructure and a five-year contract with an industrial customer. These developments underscore the company’s alignment with national security priorities and growing demand for antimony in advanced manufacturing. Analysts emphasize that while near-term profitability remains pressured, the stock’s trajectory reflects optimism about its role in reshaping domestic supply chains and achieving sustained operational momentum.

Long-term investors remain cautiously optimistic about the stock’s potential, with many viewing the recent volatility as a buying opportunity. The broader critical minerals sector is gaining momentum as geopolitical tensions and energy transition goals drive demand for strategic materials. With its strong domestic positioning and key government contracts, United States Antimony is well-positioned to benefit from this shift, though execution risks remain a concern.

As of December 23, 2025, the stock appears to have reached a turning point. With the new contracts in place and analyst expectations gradually shifting upward, the stage is set for a potential breakout in the coming quarters, provided the company can meet its production and delivery commitments under the new agreements.