United States Antimony Corporation (NYSE:UAMY) is one of the stocks Jim Cramer recently expressed his thoughts on. A caller inquired after Cramer’s thoughts on the stock during the lightning round, and he remarked:
“Normally, I would say, because of my new… view about specs, that I would not pull the trigger. But it’s a spec that actually makes money, and that’s the difference. So I’m willing to bless that as a spec because it makes money.”
A stock market data. Photo by Alesia Kozik on Pexels
United States Antimony Corporation (NYSE:UAMY) produces antimony, zeolite, and precious metals, serving applications in flame retardants, batteries, ammunition, and industrial processes. Its products are also used in environmental cleanup, agriculture, filtration, and various specialty markets. On September 23, the company announced it has secured a sole-source IDIQ contract from the U.S. Defense Logistics Agency for up to $245 million to supply antimony metal ingots for the National Defense Stockpile. The company’s CEO, Gary C. Evans, said:
“It’s incredibly meaningful for all our employees to play such a strategic role in strengthening our nation’s defense readiness and having the knowledge, expertise, and history that USAC can and will deliver under our contractual obligations. This is the kind of knowledge that is only gained through decades of execution and know-how. USAC has some of the most experienced antimony chemists/metallurgists and other professionals on its team in the global landscape. Two people on our team that I wish to highlight today are our SVP of Corporate Development & Government Relations, Melissa Pagen, and the President of our Antimony Division, Gus Gustavsen. Melissa’s shepherding of this contract from beginning to completion was tireless. Her meticulous oversight and commitment to excellence ensured every stage of the process and allowed advancement to a successful close for all parties involved. The antimony expertise of Gus plays a critical role in why this is a sole source contract. Gus is recognized as a Subject Matter Expert in antimony processing, with over five decades of experience under his belt in all facets of the antimony supply chain. This expertise is a significant reason why USAC preserved and remained viable despite several depressed years of antimony prices. It is also the reason we can say we are the only fully integrated antimony operation, outside of China. To put this in proper context, we have successfully won a sole-sourced long-term contract from the U.S. Government for approximately $245 million, while our total reported revenues for 2024 were $14.9 million.”
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Disclosure: None. This article is originally published at Insider Monkey.
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