Core Viewpoint - United States Antimony Corporation (USAC) has raised its fiscal 2026 revenue guidance by 25% due to successful mining activities at the Stibnite Hill antimony mine in Montana, indicating a significant operational breakthrough for the company [1][10]. Operational Updates - USAC has commenced exploration and bulk sampling at the Stibnite Hill mine, which previously operated from the late 1960s to early 80s, following state approval [1]. - The material mined from Stibnite Hill has high enough grades for profitable operations without extensive lead times or large capital investments [2]. - Over 250 tonnes of antimony ore have been transported to a flotation mill for processing, with preliminary tests suggesting the material can meet military specifications [3]. - USAC is currently the only North American company approved as a sole-source supplier of antimony trisulphide to the Defense Logistics Agency [4]. Financial Performance - The company anticipates profit margins from mining its own antimony material to be approximately three times greater than purchasing from third parties [5]. - USAC has increased its revenue guidance by $25 million to a total of $125 million for the fiscal year 2026 [10]. Production Capacity - The Thompson Falls smelter can produce approximately 15 million pounds of antimony oxide or 5 million pounds of antimony metal annually, with an expansion underway to increase production capacity [7]. - The company plans to have new furnaces operational by January 2026, enhancing its production capabilities [8]. Strategic Moves - USAC has decided not to pursue further discussions regarding its proposed takeover of Larvotto Resources after its offer was rejected, citing increased antimony supply as a key factor [11]. - The integration of Larvotto's future production with USAC's established smelting capabilities is viewed as a strategic move to strengthen the supply chain for critical minerals in the Western world [12].

Industry Overview - The demand for antimony is increasing, creating significant opportunities for companies in the antimony industry, particularly in applications such as lead-acid batteries for military vehicles, flame retardants in military uniforms, and semiconductors for military equipment [1] - The antimony market is projected to reach $6.54 billion by 2029, with a compound annual growth rate (CAGR) of 6.9% [1] Company Profile: United States Antimony (UAMY) - United States Antimony secured a five-year sole-source contract worth up to $245 million from the U.S. Defense Logistics Agency, enhancing its partnership with the Department of Defense [2] - UAMY's stock surged over 13% intraday following the contract announcement [2] - The company operates two smelting facilities capable of producing the required antimony metal ingots, with the first delivery expected soon [3] - UAMY is a fully integrated natural resource company that mines, processes, and produces antimony and other metals, including cobalt, tungsten, precious metals, and zeolite [3] - UAMY is a key U.S. producer of antimony products, including antimony oxide, used in flame retardants and various industrial applications [3] Financial Performance - UAMY's stock has experienced a remarkable increase of 984% over the past 52 weeks and is up 366% year-to-date [5] - The stock reached a 52-week high of $8.40 on October 3 but has since declined by 6% from that peak [5] - Shares jumped 13.2% intraday on the contract award news and nearly 22% intraday on October 1 [5] - UAMY's price-to-sales (P/S) ratio is currently at 64.72 times, significantly higher than the industry average [6]