Mentioned:
The American government is making a new commitment to securing domestic sources of antimony. And they’re partnering up with a publicly traded company on the New York Stock Exchange to do it.
What’s happening:
- United States Antimony Corp (NYSE: UAMY) has been awarded a $245M USD contract from the United States Defense Logistics Agency for the supply of antimony ingots
Why it matters:
- This is the single largest contract that United States Antimony Corp has ever been awarded since the company was first formed
Going deeper:
- The new contract from the United States Defense Logistics Agency will span over half a decade and will focus on using the antimony ingots supplied by United States Antimony Corp to replenish the National Defense Stockpile
- United States Antimony Corp is only full integrated antimony supplier of antimony outside of China and their smelter located in Montana is the only large scale antimony smelter in America that is currently operational
