As demand for antimony skyrockets the need for greater refining capacity is also increasing immensely. Record high prices and national security concerns in the United States have made the commodity a popular topic for investors and government officials.
Inspired by bullish sentiment, United States Antimony Corp (NYSEAMERICAN: UAMY) had decided to invest up to US$15 million to enhance the capacity of its antimony smelter near Thompson Falls, Montana by six times. It is currently the only one of its kind in the country, producing antimony oxide, trisulfide and metal products.
The expansion, being completed in partnership with engineering firm WSP USA, is slated to be completed by the end of 2025.
“Combined with the start-up of our Madero Smelter in Mexico over a week ago, and this expanded thru-put capacity announced today in Montana, we are well along our way of achieving the stated goal of reaching 500 tons per month of production capacity by year-end,” said CEO Gary C. Evans.
The company’s American and Mexican smelters are becoming increasingly imperative for the North American supply chain. They process raw materials imported from foreign suppliers like Thailand and Australia. Both are highly efficient, with a furnace recovery rate ranging between 96-98 per cent.
Analysts say $UAMY is undervalued
Recent developments in the antimony market just prompted B Riley Financial Inc (NADSAQ: RILY) subsidiary B. Riley Securities to raise its share target by US$2.00 to US$5.00. New York’s investment bank D. Boral Capital has the same target for U.S. Antimony with a Buy rating.
Meanwhile, the most recent consensus among a group of analysts from Simply Wall St is a stock target of US$3.84 — 19.6 per cent higher than what it is currently trading for.
Over the past year, the stock price has risen by more than 1,359 per cent while the value of antimony has risen by over 220 per cent.
Perpetua Resources Corp (TSE: PPTA) (NASDAQ: PPTA) and NevGold Corp (CVE: NAU) (OTCMKTS: NAUFF) (FRA: 5E50) have also been attracting attention from analysts and investors because of their promising American antimony projects.
United States Antimony $UAMY is now a 11-bagger in the last 12 months.
Perfect example what can happen when a niche-commodity gets some momentum going. These kind of plays are available more often than people think. pic.twitter.com/OIrNX9lTNs
— Bid Bird (@BidBird10) April 11, 2025
Read more: Promising antimony find in Nevada strongly positions NevGold Corp in minerals race
Read more: NevGold’s long intervals of antimony & gold mineralization turn heads
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