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23.09.25 - 18:39
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US Antimony Soars On Huge Pentagon Contract As Trump′s Industrial Economy Goes Into Overdrive (ZeroHedge)
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US Antimony Soars On Huge Pentagon Contract As Trump's Industrial Economy Goes Into Overdrive
After MP Materials, Intel and Centrus Energy, the latest domino in the US industrial economy game has just been revealed: this morning shares of US Antimony (UAMY) soared 20% after the company announced that it has secured a sole-source, five-year contract worth up to $245 million from the U.S. Defense Logistics Agency to supply antimony metal ingots for the national defense stockpile. With the company's entire market cap just over $800 million, one can see why this contract is a huge boost to the company's prospects... and stock price.
The stock is now up more than 40% over the last 5 days.
UAMY, which operates the only two antimony smelters in North America, said it is positioned to begin immediate deliveries from its domestic facilities, with the first order expected this week, according to Reuters.
“It's incredibly meaningful for all our employees to play such a strategic role in stren...
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16.09.25 - 00:24
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Energy Secretary Wright Says U.S. Will Expand Uranium Reserve As Nuclear Enters "Rapid Growth" Phase (ZeroHedge)
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Energy Secretary Wright Says U.S. Will Expand Uranium Reserve As Nuclear Enters "Rapid Growth" Phase
Just moments after we noted UK Prime Minister Keir Starmer announcing a US-UK nuclear deal on Monday ahead of Donald Trump's state visit, aiming to show "a golden age of nuclear", and about 3 weeks after we inconspicuously pointed out that Centrus Energy was getting extremely cozy with the Trump administration, the Trump administration's top energy official today said the US should expand its strategic uranium reserve to reduce reliance on Russia and bolster confidence in nuclear power.
Energy Secretary Chris Wright, speaking in Vienna at the IAEA conference, noted Russia supplies about a quarter of the enriched uranium for America's 94 reactors, which generate a fifth of US electricity. Cutting that supply “could endanger about 5% of electricity” without alternatives, according to Bloomberg.
“We're moving to a place — and we're not there yet — to no longe...
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