United States Antimony Corporation Secures New Antimony Supplies and Expands Operations

United States Antimony Corporation (UAMY) has secured new antimony supplies from Bolivia, with deliveries starting at 10 metric tons in August and plans to increase to 150 metric tons per month by early 2026. The company has also boosted intake from a Canadian supplier and initiated contracts to obtain antimony from Chad. UAMY plans to supply its smelter with stibnite from newly acquired lands in Montana and is evaluating new partnerships for its Mexican mining assets.

United States Antimony Corporation (UAMY) has secured new antimony supplies from Bolivia, with deliveries starting at 10 metric tons in August and plans to increase to 150 metric tons per month by early 2026. The company has also boosted intake from a Canadian supplier and initiated contracts to obtain antimony from Chad. UAMY plans to supply its smelter with stibnite from newly acquired lands in Montana and is evaluating new partnerships for its Mexican mining assets.

The company announced that it has signed a definitive contract with a Bolivian supplier to receive antimony flake. Initial shipments of approximately 10 metric tons are expected in August, with the aim of ramping up to 150 metric tons per month by early 2026. This additional supply will coincide with the completion of USAC's expansion efforts at its Thompson Falls, Montana facility, which is expected to be finished by year-end [1].

Additionally, USAC has seen a significant increase in antimony intake from a Canadian supplier. From January to June 2025, the company received a total of 857 tons of antimony, compared to 388 tons during the same period in 2024, representing a 121% increase in volume [1]. The company has also initiated contracts to obtain antimony from Chad, with the first delivery of approximately 80 metric tons expected in August [1].

USAC has re-acquired surface acreage and mining rights exceeding 1,200 acres immediately adjacent to its Thompson Falls Smelter in Montana. The company anticipates that this new supply will begin meeting its additional supply needs as the year progresses, ramping up to meet the demands of its expansion efforts at the Thompson Falls facility [1].

The company is also evaluating new partnerships for its Mexican mining assets. USAC owns and operates a flotation facility and the only operating smelter in Mexico, which provides it with distinctive negotiating leverage concerning antimony deposits located in the country. The company has been approached by both international and Mexican companies seeking access to these mining assets [1].

USAC's Chairman & CEO, Gary C. Evans, stated, "While management has worked tirelessly all of this year in our efforts to procure new antimony sources of quality raw ore for our two operating smelters, it is evident that there continues to be a worldwide shortage of this critical mineral. Once we sort through the brokers, the traders, the promoters, and finally get to the actual source, we have to then assay the material and determine its ability to be processed. It also has to be in quantities that justify the financial and logistical resources required to actually get the material to our processing facilities. As can be seen by today's press release, we are making substantial headway with multiple parties and country origins. There are other countries not mentioned here that our management team continues to negotiate with, but we have yet to come to a final agreement. This range of sources substantially reduces our risk as evidenced by our recent issues with the Australian antimony ore. At the same time, we are ramping up our own domestic supply from both Alaska and Montana, which will have substantially higher net margins. These new antimony supplies dovetail nicely with our expansion efforts underway in Thompson Falls, Montana. If our foreign supplies continue increasing as anticipated, we will then consider expanding our smelting capabilities at Madero (currently 200 tons per month) to accommodate this additional increase in anticipated inventory" [1].

References:
[1] https://finance.yahoo.com/news/united-states-antimony-provides-both-120000555.html