Business Model Breakdown
How United States Antimony Corp Makes Money
UAMY
Market Cap
$1.6B
Annual Revenue
$39M
Profit Margin
-11.1%
Employees
60
The Short Version
United States Antimony Corp (UAMY) primarily makes money by mining and processing industrial minerals, specifically antimony and zeolite, and selling these commodities to industrial customers. Antimony is a critical mineral used in flame retardants, lead-acid batteries, and as an alloy in various metals, with emerging applications in high-tech sectors. Zeolite is used in environmental remediation, agriculture, and animal feed. The company leverages its mining operations in the US and Mexico to produce these materials, benefiting from increasing demand for secure, domestic supply chains for critical minerals.
Where the Revenue Comes From
Antimony sales (~70-80% estimated based on strategic focus and contract values)
Zeolite sales (~20-30% estimated)
Who buys: Industrial manufacturers, defense contractors, battery producers, agricultural companies, environmental services firms.
Why It Works (Competitive Advantages)
- ✔Strategic importance of domestic US antimony supply (critical mineral status)
- ✔Established mining operations and processing expertise in antimony/zeolite
- ✔Potential for government support and incentives for critical mineral producers
Economic Moat: Narrow (Efficient Scale (Limited number of significant antimony deposits and processing facilities, especially in North America), Intangible Assets/IP (Proprietary mining claims, operational know-how in processing specific minerals))
What Our Analysis Says
DVR Score as of April 18, 2026
United States Antimony Corp (UAMY) demonstrates improved operational execution and financial health since the last analysis, marked by a 163% YoY revenue increase to $39.26M in FY 2025, securing $354M in new contracts, and issuing robust $125M revenue guidance for 2026. This indicates clear demand and a strategic focus on expanding its critical minerals business. The company also holds a strong cash position of $91.3M. However, despite these positives, achieving a 10x return within 3-5 years remains highly challenging due to the capital-intensive nature of mining, limited scalability compared to disruptive tech, and a stretched forward P/S valuation of over 12x. The widening net loss and the potential for significant shareholder dilution from an increased share authorization are notable concerns, tempering the growth outlook for exponential returns.