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

We came across a bullish thesis on United States Antimony Corporation on r/stocks by ICameSawAbstained. In this article, we will summarize the bulls’ thesis on UAMY. United States Antimony Corporation’s share was trading at $8.29 as of Janaury 16th. UAMY’s trailing and forward P/E were 33.93 and 30.67 respectively according to Yahoo Finance.

 United States Antimony Corporation produces and sells antimony, zeolite, and precious metals in the United States and Canada. UAMY is transitioning from a raw material buyer to a fully vertically integrated domestic producer, a strategic shift expected to dramatically expand profit margins from 20% to approximately 60%. The company’s 2026 revenue guidance has been raised to $125 million, reflecting the near-term impact of the Thompson Falls smelter expansion coming online this month, which will increase output fivefold.

This positions UAMY’s fundamental floor significantly higher than in prior years, creating a strong baseline for growth. Wall Street remains bullish, with a consensus “Strong Buy” rating and an average price target range of $9.86 to $17, implying 30% to 120% upside from current levels. The stock faces a 17.86% short interest, yet institutional accumulation suggests that retention of price levels in the $7–$8 range could trigger a gamma- or short-squeeze scenario, potentially pushing shares above $11. Technical indicators, such as an oversold Stoch RSI, support the likelihood of a relief rally in the near term.

UAMY benefits from a structurally constrained supply of Western Antimony, making it a strategically important domestic play. Its production is critical for defense applications, as U.S. regulations now require non-Chinese sourced antimony for defense use, providing a significant tailwind given that UAMY operates the only active smelter and refiner in the country. Overall, UAMY offers a compelling risk/reward setup, combining near-term technical catalysts, robust institutional backing, strong revenue and margin expansion prospects, and a unique geopolitical moat that reinforces long-term upside potential.

Previously, we covered a bullish thesis on Natural Resource Partners L.P. (NRP) by InvestSpecial in April 2025, highlighting its disciplined deleveraging, high-quality coal royalties, and potential dividend initiation. NRP’s stock has appreciated by 18.60% since our coverage. ICameSawAbstained shares a contrarian thesis on United States Antimony Corporation (UAMY), emphasizing vertical integration, margin expansion, smelter growth, and strategic domestic antimony supply.

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Disclosure: None.