United States Antimony Corp. Explodes on $25 Million Capital Raise
United States Antimony Corp. (NYSE American: UAMY) has catapulted to an all‑time high in a dramatic move that reverberated through the metals and mining sector. On October 10, 2025, the company announced a $25 million registered direct offering of common stock, priced above market value and executed under NYSE rules. The infusion of capital has already lifted the stock to its 52‑week pinnacle of $13.93, up from a recent close of $12.21, and it eclipses the company’s lowest trading point of $0.49 in November 2024.
The transaction was brokered with a prominent long‑only mutual fund, bringing the company’s cumulative equity raise to $69.25 million across three tranches in just 45 days. This rapid escalation in share price underscores a growing investor confidence in USAC’s strategy to dominate the critical minerals market.
Strategic Deployment of the Funds
Chief Executive Officer Gary C. Evans outlined a multi‑pronged plan for the proceeds:
- Acquisition of Critical Mineral Inventory – Targeted purchases of antimony, cobalt, tungsten, and zeolite are aimed at reinforcing USAC’s supply chain and securing market share in high‑demand segments.
- Expansion of Leasehold Positions – The company intends to broaden its mineral leases in Alaska and Montana, regions rich in antimony and other strategic resources.
- Capacity Enhancement at Madero Smelter – Investment in the smelting infrastructure will allow USAC to process larger volumes and improve operational efficiency.
- Strategic Acquisitions – The capital is earmarked for the acquisition of complementary critical mineral companies, accelerating diversification and vertical integration.
- Working Capital – A portion of the proceeds will shore up day‑to‑day liquidity, ensuring resilience against market volatility.
Market Context and Company Profile
USAC, headquartered in Thompson Falls, specializes in refining and marketing antimony products—metal, oxides, and sodium antimonate—while also mining, milling, and concentrating silver and gold‑bearing rock. A joint venture in zeolite mining and distribution further diversifies its product portfolio. With a market capitalization of approximately $963 million, the company operates in a sector that is increasingly pivotal to national security and technology infrastructure.
Despite a historically negative price‑earnings ratio of –1147.614, which reflects the company’s current investment phase and the capital intensity of the critical minerals industry, the recent surge in share price suggests that market sentiment has shifted from skepticism to optimism. Analysts note that the company’s focus on high‑value, low‑supply commodities positions it well against competitors in the metals & mining space.
Investor Implications
The direct offering at a premium indicates that institutional investors are willing to pay a premium for USAC’s growth prospects. However, the sharp price rise also amplifies the risk profile; the company’s operations are capital‑heavy, and its profitability remains volatile due to commodity price swings. Investors must weigh the upside of strategic expansion against the backdrop of a sector still maturing in terms of regulatory frameworks and supply chain stability.
Conclusion
United States Antimony Corp.’s $25 million financing has not merely injected capital—it has injected confidence. By securing additional inventory, expanding its geographic footprint, and enhancing production capacity, USAC is positioning itself to become a leading player in the critical minerals arena. The stock’s ascent to an all‑time high serves as a bellwether for the broader market’s appetite for companies that can navigate the intricate nexus of resource extraction, processing, and geopolitical importance.
