UAMY shares surge 5.31% on renewed optimism ahead of 2026 developments

Shares of United States Antimony (UAMY) surged 5.31% in pre-market trading on December 26, 2025, extending its upward momentum into a fourth consecutive session. The rally aligns with renewed investor optimism ahead of the company’s anticipated operational and strategic developments in 2026.

The stock’s performance reflects a combination of factors, including chairman Gary Evans’ recent remarks highlighting the completion of the Thompson Falls expansion as a key catalyst for the upcoming year. Institutional investors also appear to be adjusting portfolios ahead of reporting periods, favoring shares of outperforming assets like UAMY to enhance year-end presentations. This “window-dressing” activity has historically amplified short-term volatility in small-cap sectors.

While third-quarter results showed a 556% increase in net losses to $4.78 million year-on-year, revenue growth of 238% to $8.7 million signals improving operational scale. The company’s unique position as the sole U.S. antimony smelter continues to draw strategic interest amid broader industrial demand trends. However, long-term sustainability remains tied to execution of its expansion plans and cost management efforts.

Analysts remain cautiously optimistic, noting that the company’s strategic focus on operational leverage and cost optimization could begin to yield meaningful EBITDA improvement by mid-2026. For now, the stock’s near-term trajectory will depend on broader market risk appetite and sector-specific momentum, particularly in materials and industrial plays that benefit from ongoing supply chain reshaping.