United States Antimony Corporation (UAMY): A Bull Case Theory 

We came across a bullish thesis on United States Antimony Corporation on wallstreetbets subreddit by xX_Yeet_Boi_69_Xx. In this article, we will summarize the bulls’ thesis on UAMY. United States Antimony Corporation’s share was trading at $12.56 as of October 16th. UAMY’s trailing and forward P/E were 33.93 and 39.53 respectively according to Yahoo Finance.

U.S. Antimony Corp. (UAMY) is emerging as a uniquely positioned player in the global antimony market, with significant upside potential driven by structural supply constraints. Following China’s export restrictions in September 2024 and a full ban to the U.S. in December 2024, Western supply of antimony—a critical material for ammunition, solar glass, batteries, and defense technologies—has effectively collapsed, sending buyers scrambling for alternatives.

UAMY operates the only primary antimony smelter in the U.S., located in Thompson Falls, Montana, giving it a domestic-processing monopoly as the country remains roughly 80% import-dependent. This monopoly positions UAMY to capture a disproportionate share of U.S. demand at attractive margins.

The company’s prospects are further bolstered by the unique characteristics of antimony reserves in the U.S. Many deposits, including Perpetua’s Stibnite Gold Project in Idaho, produce antimony as a byproduct of gold mining, containing an estimated 148 million pounds of antimony—enough to satisfy roughly 35% of U.S. demand in the early years. UAMY is collaborating with Perpetua on metallurgical testing to channel this byproduct directly into its smelter, creating a domestic supply chain for antimony trisulfide that has received explicit support from the Department of Defense.

This partnership not only secures feedstock for UAMY’s operations but also aligns the company with strategic national priorities, enhancing its long-term growth and pricing power. With China’s export ban effectively sidelining foreign competition and the U.S. scrambling to secure domestic supply, UAMY stands out as an underappreciated, highly strategic asset with significant upside for investors.

Previously we covered a bullish thesis on Natural Resource Partners L.P. (NRP) by InvestSpecial in April 2025, which highlighted stable metallurgical coal royalty streams, disciplined deleveraging, and potential dividend initiation. The company’s stock price has appreciated approximately by 4.47% since our coverage. The thesis still stands as NRP’s high-quality royalties remain resilient. xX_Yeet_Boi_69_Xx shares a similar bullish view but emphasizes U.S. Antimony Corp.’s domestic monopoly, China supply constraints, and strategic gold project partnerships.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy NOW 

Disclosure: None.