UAMY Director Michael McManus Buys $102,060 Worth of Stock
Michael McManus Boosts Confidence in United States Antimony with Significant Stock Purchase

The recent purchase of $102,060 in stock by United States Antimony Corporation (UAMY) director Michael McManus is making waves in the mining and investment sectors. This transaction, which increases McManus’s direct holdings to 338,333 shares, reflects strong confidence in the company's future. UAMY, a leader in smelting and refining nonferrous metals, continues to garner investor interest with its promising fundamentals.
A Vote of Confidence in UAMY’s Future
Michael McManus’s recent acquisition underscores his unwavering belief in UAMY’s growth trajectory. This investment comes on the heels of impressive revenue growth—28.4% over the past 12 months—and analyst price targets ranging from $1 to $2.50. Such metrics indicate potential for significant returns, appealing to investors keen on the mining sector's future.
Financial Performance Fuels Optimism
United States Antimony Corporation recently reported robust financials, with a 23% increase in sales to $8.1 million and a staggering 107% rise in gross profit to $2.2 million for the first nine months of 2024. Bolstered by improved cash reserves of $12.97 million, the company is well-positioned to pursue its strategic goals.
Expanding Mineral Reserves and Partnerships
In response to tightening global market constraints, UAMY has taken bold steps to secure its future. Recent acquisitions of mining claims in Alaska and Ontario have expanded the company's reserves of critical minerals, aligning with its mission to strengthen domestic supply chains. Moreover, ongoing negotiations with U.S. government officials aim to explore sales opportunities and secure funding for future projects.
Analyst Confidence and Market Recognition
H.C. Wainwright’s “Buy” rating further highlights UAMY's strategic positioning in the critical minerals market. The endorsement reflects the company’s robust initiatives to meet growing demand for antimony, a key component in energy storage, flame retardants, and other industrial applications.
Challenges and Growth Prospects
Despite its strong performance, UAMY faces challenges. Higher maintenance costs impacted profits in its zeolite business, and the company recorded losses from discontinued operations in Mexico. However, these setbacks have not deterred UAMY from its ambitious plans, including the production of high-grade antimony material by 2025. By focusing on cost-efficient deposits and strategic partnerships, the company is on track to solidify its market presence.
The Road Ahead for UAMY
UAMY’s forward-thinking strategy emphasizes sustainability and market relevance. Its efforts to establish a 100% domestic supply chain for antimony products reflect a proactive approach to navigating global market volatility. As the company targets high-grade deposits and strengthens its reserves, it is well-equipped to meet rising demand for critical minerals.
Michael McManus’s substantial stock purchase is more than just an investment—it’s a statement of confidence in UAMY’s resilience and growth potential. As the mining industry continues to evolve, UAMY’s strategic initiatives and robust fundamentals position it as a key player in shaping the future of critical minerals.
