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- Material Weakness (worsened) — Material weakness disclosure persists for second consecutive year with identical language, indicating no remediation progress despite prior-year initiatives.
UAMY resumes domestic antimony mining, secures $248M DLA contract, raises $110M equity
Filed March 19, 2026 · Period ending December 31, 2025 · Compared to 10-K Mar 20, 2025 · ~2 min read
Key Changes
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Secured five-year, sole-source $248M contract with Defense Logistics Agency for antimony metal through September 2030; $12M in orders received, no revenue recognized in 2025.
Business: DLA contract verify on EDGAR → -
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Resumed domestic antimony mining in Montana (840 tons in 2025) after 40-year hiatus; smelter expansion nearing completion will triple capacity, funded by $27M Defense Production Act award.
Business: Montana mining resumption verify on EDGAR → -
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Revenue surged 163% to $39.3M driven by 230% antimony price increase ($7.61 to $25.12/lb); gross profit up 185% to $9.9M despite $4.3M net loss including $7.1M non-cash stock compensation.
MD&A: Financial performance verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · Jun 9, 2026 · How we verify