United States Antimony (UAMY) 35th BMO Global Metals, Mining & Critical Minerals Conference summary

Strategic direction and integration

• New management and board have shifted the company’s direction, focusing on vertical integration across mining, processing, and refining antimony products.

• Achieved status as the first fully integrated antimony company outside Russia and China, mining in Montana and processing through their own facilities.

• Expanded operations to include both U.S. and Mexican smelters, with a focus on educating stakeholders about antimony’s critical uses.

Market dynamics and government contracts

• China’s embargo on antimony exports in September 2024 created significant supply constraints, increasing demand for domestic production.

• Secured a $248 million contract with the U.S. Department of Defense for antimony ingots, with first deliveries scheduled within weeks.

• Won a $107 million contract with a private company supplying fire retardants, benefiting from executive orders favoring U.S. critical mineral suppliers.

Partnerships, innovation, and expansion

• Announced a joint venture with Americas Gold and Silver Corporation to build a state-of-the-art hydromet facility in Idaho, leveraging proprietary refining technology.

• Exclusive license for Bolivian-developed antimony smelting technology in North America and Australia, with a preference for joint ventures over sublicensing.

• Actively expanding mining claims in the U.S. and Canada, including other critical minerals like tungsten and cobalt.