United States Antimony Company UAMY shares are rising Tuesday after the corporate introduced a collaboration with the U.S. Protection Logistics Company (DLA).
What Occurred: U.S. Antimony has been awarded an Indefinite Supply Indefinite Amount (IDIQ) sole-source contract by the DLA Strategic Supplies for as much as $245 million. The contract is for the acquisition of antimony metallic ingots to assist within the replenishment of the Nationwide Protection Stockpile.
The contract represents the following part of a rising collaboration between U.S. Antimony and the Division of Protection (DOD)/DLA, which started accelerating in late 2024. Achievement will start with the primary supply order, which is anticipated this week. Each of U.S. Antimony’s North American smelting amenities have already got the potential to provide antimony metallic ingots that meet the federal government’s stringent specs.
Gary Evans, chairman and CEO of U.S. Antimony, highlighted the strategic significance of the contract, noting that it dwarfs the corporate’s complete income for 2024 of $14.9 million. Evans additionally stated U.S. Antimony is the one absolutely built-in antimony operation exterior of China.
“It’s extremely significant for all our workers to play such a strategic function in strengthening our nation’s protection readiness and having the information, experience, and historical past that USAC can and can ship below our contractual obligations,” Evans stated.
USAC operates North America’s solely two antimony smelters which were processing antimony for many years. The corporate continues to develop its sources for procuring antimony ore feedstock from international locations all over the world, together with creating its personal antimony-bearing mineral acreage positions in Alaska and Montana.
UAMY Worth Motion: U.S. Antimony shares have been up 14.74% at $7.40 on the time of publication on Tuesday, in line with Benzinga Professional. U.S. Antimony inventory has surged over 300% year-to-date.
Learn Subsequent:
Picture: Zakharchuk/Shutterstock.com
Market Information and Knowledge delivered to you by Benzinga APIs
© 2025 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.
