UAMY News & Events

Stock indexes retreated amid losses for the heavyweight chip sector, making the Nasdaq the laggard, while the Dow pulled back from a record high reached in morning trading. Memory producers sank even though Samsung posted a 19-fold surge in profit last quarter. The surge was in line with the sector's rally this year, but markets appear to be growing increasingly skeptical on whether AI hyperscalers can justify elevated levels of capital expenditure on infrastructure. Yields edged higher after attacks on an LNG tanker in the Middle East tempered hopes of lower energy inflation.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. v1. STOCK NEWS:Walmartsaid it would cut prices on many summer staplesfrom President Trump saying the retail giant was doing so at his requestChina's DeepSeek is developing its own AI chip in a push to reduce reliance on Nvidiaand Huawei chips,Vertex Pharmaceuticalsto acquire Crinetics Pharmaceuticalsfor $85 per share in cash, for a total equity value of approximately $10BSamsung Electronicsreported, but the AI-fueled earnings still failed to meet high investor expectationsMetadebuted its, saying it will help power image generation in Meta Advantage+ creative "in the coming weeks"2. WALL STREET CALLS:Wall Streetof SpaceX, including Raymond James starting the stock with a Strong Buy rating and $800 price targetScotiabankCloudflareto OutperformBofAAdobeat Underperform with a $190 price target, down from the Buy rating the firm previously heldDeutsche BankFirst Solarto BuyMelius ResearchAmerican Airlinesto Hold3. AROUND THE WEB:Big banks have held talks in recent months to buy a card network owned by Fiserv, Reuters and WSJ reportMicrosoftwill replace OpenAI and Anthropic with its own AI in some apps, Bloomberg saysMetasaid four states are seeking $1.4T in penalties over accusations it designed its social media platforms to addict young users and misled the public on their safety, Reuters reportsAmazonis seeking to raise at least $25B through a U.S. dollar bond sale to fund investments in artificial intelligence infrastructure, Bloomberg reportsPresident Trump is expected to support a potential sale of Lockheed Martin'sF-35 Lightning II jets to Turkey during a visit to Ankara, Reuters says4. MOVERS:Digital Oceangained afterit expects Q2 RPO to exceed $800MRedwood Trustwas higher after highlightingFigmaincreased after BofAcoverage with a Buy ratingRivianwas lower after75M shares of stockUnited States Antimonyfell after announcing the5. EARNINGS/GUIDANCE:Interactive Strengthraised itsCosmos HealthreportedShellissued anAbbVieprovided itsand cut its guidance for FY26Sealsqreportedand backed its guidance for FY26INDEXES:The Dow fell 130.76, or 0.25%, to 52,925.15, the Nasdaq lost 302.47, or 1.16%, to 25,818.69, and the S&P 500 declined 33.58, or 0.45%, to 7,503.85.

United States Antimony announced the wet commissioning of its critical mineral flotation mill located in Radersburg, Montana. The Company will celebrate this significant milestone with a Rock Breaking and Ribbon Cutting Ceremony, July 7, from 11:00 a.m. to 2:00 p.m. MST at 161 Keating Gulch Road, Radersburg, Montana, with the Governor of Montana in attendance. Following the $4.75M acquisition of this facility in January of this year and the subsequent ~$2M capital expenditures for specific equipment upgrades, refurbishments, and a new laboratory, the facility is now ready to come online and process the initial ~800 tons of antimony ore mined last fall from the Company's Stibnite Hill operations in Thompson Falls, Montana. The Radersburg Flotation Mill will start production once the laboratory is fully commissioned to allow for process and product control. The ~$1M cost to build a new laboratory features full sample preparation, a 3-kilowatt XRF, fire assay, and wet chemistry capabilities with all newly acquired equipment. Full commissioning of the laboratory and subsequent concentrate production from the mill is planned for some time in mid-July. The Stibnite Hill mine is currently producing raw antimony ore for future processing. This midstream asset is a cornerstone in USAC's fully vertical integration strategy, enabling the Company to upgrade antimony-bearing material from its Montana and Alaska mining operations into high-grade concentrate suitable for downstream smelting allowing antimony metal, trioxide, and trisulfide production. This additional throughput will enhance USAC's ability to fulfill its $245M, sole-source Department of War contract for Military Specification antimony metal, as well as its commercial obligations for fire retardants and other products, at an accelerated pace.

United States Antimony announced the delivery of its first shipments during the second quarter of 2026 under its $245M supply contract with the Defense Logistics Agency, which is an agency of the DoW. The Company delivered a total of ~82,000 pounds of antimony metal ingots in the initial two shipments, generating ~$2.6M in invoices issued to the DLA in June. Two additional shipments are waiting on Government inspection, Certificate of Analysis, and authorization to deliver. USAC has received total antimony ingot orders from the DLA in the amount of $57.3M since the inception of the contract. Antimony flake feedstock deliveries to USAC related to the Company's contractual offtake agreements from its partner's Bolivian Hydrometallurgical facility were delayed during the second quarter due to cascading global effects from the military conflict in the Strait of Hormuz. Bolivian antimony miners were unable to deliver timely materials to our partner's Hydromet facility due to country-wide diesel shortages. This fuel issue has since been mitigated. Antimony flake will significantly improve our gas-fired furnaces' deliverability timing of finished product due to efficiencies. Gary Evans, CEO, stated, "During the second quarter of 2026 we have achieved two very important milestones in our Company's growth trajectory. We have fired up and commissioned our expanded smeltering furnaces in our newly constructed facility located in Thompson Falls, Montana and made first deliveries under our $245M DLA contract. Additionally, as anticipated, once deliveries were initiated and delivered to the Government, larger new orders have been received by USAC. We anticipate that order flow throughout the remainder of fiscal year 2026 will continue to ramp up along with our production capabilities to meet our country's critical mineral needs."