United States Antimony Corp – A Strategic Silver Play Amidst Market Deficits

The silver market, projected to enter its sixth consecutive annual supply deficit in 2026, is tightening at an unprecedented pace. Cumulative shortfalls of over 800 million ounces over the past five years—roughly a full year of global mine production—underscore a stark imbalance between burgeoning industrial demand and stagnant supply. In this environment, United States Antimony Corp (NYSE American: UAMY) emerges as a critical player, positioned to benefit from the structural gap that favors holders of proven silver resources in stable jurisdictions.

Silver Deficit Drives Investor Focus

Globe Newswire, through its USANewsGroup.com channel, highlighted a cohort of five companies that stand to reap the rewards of the silver deficit: Americore Resources, Wheaton Precious Metals, Hecla Mining, Pan American Silver, and United States Antimony. The article points out that the 2026 deficit will likely expand as solar panels, electric vehicles, and semiconductor manufacturing consume nearly half of annual mine supply. The math is unforgiving: demand grows faster than supply, leaving only a few entities—those with reliable, jurisdictionally secure silver assets—to capture value.

United States Antimony’s inclusion in this list is not incidental. Although its primary business revolves around antimony products, the company also mines, mills, and concentrates silver and gold‑bearing rock. This diversification ensures a steady stream of silver output that can be tapped to meet the surging industrial appetite.

Market Dynamics and Company Positioning

The market’s current trajectory is clear: silver is transitioning from a speculative commodity to a strategic industrial input. Solar photovoltaic panels, battery anodes for electric vehicles, and advanced semiconductor wafers all require silver for their conductive properties. With mine supply plateauing, the price pressure on silver is expected to intensify, thereby elevating the valuation of companies with secure silver assets.

United States Antimony, listed on the NYSE American with a market cap of approximately $1.06 billion, trades at a low price‑to‑earnings ratio of –170.71, reflecting the broader volatility in the metals and mining sector. Its share price, hovering around $7.45 on February 17, 2026, is capped by the company’s 52‑week low of $1.21 and a 52‑week high of $19.71, illustrating the significant upside potential if silver demand continues to outpace supply.

Operational Strengths and Strategic Advantages

  • Stable Jurisdiction: The company’s operations in Thompson Falls, United States, provide regulatory stability, a critical advantage in an industry prone to geopolitical risks.
  • Resource Diversification: Beyond antimony, the company’s mining and milling of silver and gold‑bearing rock diversify its revenue base and align with the growing demand for precious metals.
  • Joint Venture in Zeolite: The partnership for mining and distribution of zeolite expands the company’s portfolio into a high‑growth niche, further bolstering its resilience.

Conclusion

In a market where silver deficits are tightening supply chains and inflating prices, United States Antimony Corp positions itself as a pivotal contributor to the industry’s future. Its strategic blend of antimony production, silver and gold mining, and diversified ventures places it at the intersection of industrial demand and resource scarcity. For investors seeking exposure to a commodity that is no longer merely speculative but essential to next‑generation technologies, UAMY offers a compelling entry point—provided one navigates the sector’s inherent volatility with prudence and foresight.