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Story perspectives

U.S. Antimony Secures $245M Defense Contract, Revenue Surges

10/14/2025

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Summary

Story summary

U.S. Antimony Corporation (UAMY) operates two antimony smelters in North America, located in Montana and Mexico.
It secured a $245 million contract with the U.S. Defense Logistics Agency.
In the first quarter of 2025, revenue rose 128% year over year, and management set 2025 goals of $40–$50 million.
Leverage is high at 91.16× net debt-to-EBITDA with negative cash flow, and stock trades at 9.4× EV/sales as expansions hinge on permits.

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Story summary

U.S. Antimony Corporation (UAMY) operates two antimony smelters in North America, located in Montana and Mexico.
It secured a $245 million contract with the U.S. Defense Logistics Agency.
In the first quarter of 2025, revenue rose 128% year over year, and management set 2025 goals of $40–$50 million.
Leverage is high at 91.16× net debt-to-EBITDA with negative cash flow, and stock trades at 9.4× EV/sales as expansions hinge on permits.