Is UAMY a good stock to buy now? We came across a bullish thesis on United States Antimony Corporation on Joshua S’s Substack by Strata Capital. In this article, we will summarize the bulls’ thesis on UAMY. United States Antimony Corporation’s share was trading at $10.51 as of March 11th. UAMY’s trailing and forward P/E were 33.93 and 41.15 respectively according to Yahoo Finance.
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United States Antimony Corporation produces and sells antimony, zeolite, and precious metals in the United States and Canada. UAMY recently announced a strategic joint venture with Americas Gold and Silver Corporation that could significantly strengthen its position in the domestic antimony supply chain.
The venture will be owned 51% by Americas and 49% by United States Antimony, with UAMY serving as the managing partner and contributing its proprietary Alkaline Selective Leaching (ASL) technology, while USAS provides land, infrastructure, and ore from its Galena Complex in Idaho.
The Galena property, located in the prolific Coeur d’Alene Mining District, currently produces silver-copper-antimony concentrate and generated roughly 561,000 pounds of contained antimony in 2025. Historically, the ore was sold to third-party smelters, which often imposed high treatment charges and penalties for antimony content, limiting value capture. By building a new commercial-scale hydrometallurgical processing facility on-site, the joint venture aims to unlock additional revenue streams by converting ore into finished antimony products while preserving copper and silver byproducts.
United States Antimony’s ASL technology is central to the project, enabling more than 99% antimony recovery while maintaining high recovery rates for silver and copper and allowing the processing of lower-grade or complex ores previously considered uneconomic. The project is expected to cost around $44 million and could be largely funded through government grants given its strategic relevance to U.S. critical mineral supply chains and defense production needs.
If successful, the facility—expected to come online by 2027 or 2028—could provide United States Antimony with a reliable domestic feedstock source, reduce reliance on foreign processing, and position the company to scale production while managing capital risk through the joint venture structure.
Previously, we covered a bullish thesis on MP Materials Corp. (MP) by Steve_Zissouu in April 2025, which highlighted its vertically integrated rare earth operations and the strategic benefit from U.S. efforts to secure domestic critical mineral supply chains. MP’s stock price has appreciated by approximately 168.43% since our coverage. Strata Capital shares a similar view but emphasizes United States Antimony Corporation’s (UAMY) joint venture and processing technology strengthening domestic antimony supply.
United States Antimony Corporation is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 18 hedge fund portfolios held UAMY at the end of the fourth quarter which was 12 in the previous quarter. While we acknowledge the risk and potential of UAMY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than UAMY and that has 10,000% upside potential, check out our report about this cheapest AI stock.
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