Core Insights - United States Antimony (UAMY) is focusing on a structural margin reset by reclaiming its upstream supply chain, aiming to increase gross margins from 28% to over 60% by processing its own ore instead of relying on expensive third-party sources [1][5]. Group 1: Operational Strategy - UAMY is currently conducting bulk sampling at Stibnite Hill in Montana, with 560 tons already collected and expected average grades exceeding 10% antimony, which could significantly enhance feed quality and reduce costs [2]. - The company is preparing for a full restart of operations in Alaska in spring 2026, having acquired a 17-acre site for sorting and processing ore, indicating readiness for scaling internal supply [3]. - Success in projects like Mohawk or Stibnite Creek could facilitate a transition from purchased concentrates to internal supply, while the Ontario portfolio offers potential diversification into critical minerals [4]. Group 2: Financial Performance - UAMY's shares have increased by 231.7% year-to-date, outperforming the industry average increase of 18.3% [11]. - The Zacks Consensus Estimate for UAMY's 2025 earnings suggests a 150% increase compared to the previous year, with projections indicating a significant rise in earnings per share [13][14]. - UAMY currently trades at a forward price-to-sales ratio of 7.56, which is above the industry average and its five-year median of 3.41, reflecting a Value Score of F [12].