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

• high

  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 →