Mentioned:
UAMY -10.92% PPTA -9.54%
America is getting a boost in domestic antimony production. And a publicly traded company is behind it.
What’s happening:
- United States Antimony Corporation (NYSE: UAMY) has announced they are expanding their antimony smelter facility located in Thompson Falls, Montana
By the numbers:
- The new build out is expected to cost roughly $15M USD and expand United States Antimony Corporation’s total production output by approximately 600%
- Once the new facility is fully constructed United States Antimony Corporation has publicly stated they expect to be able to produce 300 standard tonnes of antimony per month
Why it matters:
- United States Antimony Corporation’s Montana facility is the only antimony smelter facility that is currently operational and producing antimony at scale in the United States of America
Going deeper:
- United States Antimony Corporation has also been making moves focused on antimony exploration lately, including just recently securing more than a hundred new mining claims in Alaska
- Domestic sources of antimony continues to be a major political focus for the American government, which just recently led to Perpetua Resources' (NASDAQ: PPTA) Stibnite Gold Project located in Idaho being selected as a Transparency Project due to its large scale antimony deposit
