TLDR
- UAMY stock jumps 5.15% after securing a $106.7M supply deal for antimony trioxide.
- USAC’s $106.7 million contract boosts stock price, strengthening U.S. supply chains.
- UAMY stock rises after securing a $106.7M deal to support domestic manufacturing.
- USAC signs $106.7M supply deal, driving a 5.15% increase in UAMY stock.
- UAMY secures a major contract, seeing a 5.15% surge in stock price today.
United States Antimony Corporation(UAMY) saw its stock surge by 5.15%, reaching $8.06 per share at 1:48 PM EST.
United States Antimony Corporation, UAMY
This sharp increase follows the company’s announcement of securing a significant new supply agreement with a U.S. industrial fabric manufacturer. The five-year contract, worth up to $106.7 million, underscores the company’s growing position in the domestic supply chain for critical materials.
Supply Agreement Reinforces Domestic Manufacturing
The supply agreement between United States Antimony Corporation and the U.S. industrial fabric manufacturer marks a major milestone in the company’s strategy. Under the terms of the deal, USAC will supply antimony trioxide, a key material used in flame retardants. This product plays a crucial role in the customer’s industrial fabrics business, highlighting USAC’s ability to meet high technical standards. The deal secures a long-term partnership, reinforcing USAC’s foothold in the U.S. industrial sector.
The contract spans five years, with a potential five-year renewal. This agreement ensures stability and security for both parties, safeguarding against disruptions in the international supply chain. USAC’s ability to deliver antimony trioxide to meet stringent specifications has been confirmed after successful testing earlier this year. The company’s increased production volumes, set to begin early next year, will further support the long-term nature of the contract.
A Strategic Move to Strengthen Domestic Supply Chains
This new agreement reflects a broader trend in U.S. industrial policy: reshoring critical mineral supply chains. The customer, wishing to remain anonymous, seeks to reduce exposure to international supply disruptions and geopolitical risks. By sourcing antimony trioxide from USAC, the customer secures a stable, domestic supply of a vital component for their business. This move aligns with the growing push to reinforce U.S. manufacturing resilience and national security.
For USAC, the contract represents a significant step forward in building relationships with large domestic industrial customers. The agreement not only strengthens the company’s revenue pipeline but also supports U.S. manufacturing capabilities. Chairman and CEO Gary C. Evans emphasized the importance of the deal, highlighting USAC’s commitment to restoring domestic industrial collaboration.
The new agreement adds to USAC’s already impressive contract pipeline, which includes a sole-source, five-year contract with the Defense Logistics Agency (DLA) worth $245 million. With the total value of contracts now exceeding $351 million, USAC is poised for continued growth. This strategic contract strengthens the company’s position as a leader in the U.S. antimony market.
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