United States Antimony Corporation (NYSE:UAMY) is trending Tuesday after a busy stretch this month that included an AI technology initiative for one of its mining projects and an update on its government antimony shipments.
- United States Antimony shares are climbing with conviction. Why is UAMY stock surging?
AI Technology at Los Juarez Silver Mine
On July 15, United States Antimony announced it has contracted a specialist AI firm to work on its Los Juarez Silver Mine in Queretaro, Mexico, reprocessing historical geological data on compressed timelines — turning what previously took months or years into weeks.
The company said it is in negotiations with other active silver mining companies in Mexico interested in acquiring Los Juarez, with talks including potential stock ownership, royalty ownership, or property participation. The AI work is intended to “high grade” the asset’s future potential amid near record-high silver prices.
“AI technology is now another one of those tools we will be actively utilizing in the future,” said Gary C. Evans, Chairman and CEO of the company. “The proper use of AI is a game changer. It can take this magnitude of data and quickly assemble the information in a manner that gives our highly experienced geologists and engineers a much faster and higher probabilistic review of the potential of each project.”
United States Antimony Delivers First DLA Contract Shipments
Separately, on July 1, the company announced it delivered its first shipments during the second quarter under its $245 million supply contract with the Defense Logistics Agency, a part of the Department of Defense. United States Antimony delivered approximately 82,000 pounds of antimony metal ingots across two initial shipments, generating roughly $2.6 million in invoices in June. Total antimony ingot orders from the DLA have reached $57.3 million since the contract’s inception, with two additional shipments awaiting government inspection and authorization.
The company said antimony flake feedstock deliveries from its Bolivian Hydromet facility partner were delayed during the quarter due to diesel shortages linked to the military conflict in the Strait of Hormuz, though it said the fuel issue has since been resolved.
“We have fired up and commissioned our expanded smeltering furnaces in our newly constructed facility located in Thompson Falls, Montana and made first deliveries under our $245 Million DLA contract,” said Evans. “We anticipate that order flow throughout the remainder of fiscal year 2026 will continue to ramp up along with our production capabilities to meet our country’s critical mineral needs.”
United States Antimony Shares Climb
UAMY Price Action: At the time of publication, United States Antimony shares are trading 2.32% higher at $5.48, according to data from Benzinga Pro.
This illustration was generated using artificial intelligence via Midjourney.
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