United States Antimony Completes Initial Resource Study on Fostung Tungsten Property
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 03 2026
0mins
Should l Buy UAMY?
United States Antimony announced the completion of an initial resource engineering study on its 100% owned Fostung Tungsten Property located in Ontario, Canada. The final SK 1300 Technical Report will be filed with the SEC. This initial resource report was authored by SRK. The Fostung Tungsten deposit is located approximately 70 kilometers west of Sudbury, Ontario, Canada, near the town of Espanola. The technical consultants, using a cut-off grade of 0.08% WO3, calculated an inferred resource of 14.62M metric tons grading 0.17% WO3 containing 53.595M pounds of WO3. With a current tungsten price of $1,890 per metric ton unit the gross estimated raw metal value of the inferred resource discovered at the Fostung Tungsten Deposit is approximately $4.6B, prior to mining and processing costs. Joseph Bardswich, Chief Mining Engineer, stated, "We acquired the Fostung Tungsten property in June of last year with the view that this deposit had the greatest potential to become the next North American producer of tungsten. Our business model is to 'fast-track' mining projects in an effort to meet the demands of our U.S. military for certain critical minerals. The Fostung Tungsten property will initially be mined via an open pit. This initial resource report announced today confirms this significant high-grade deposit and its incredible future value. I was born and raised in the Sudbury area during an era when it was referred to as a 'moonscape' due to the shortcuts taken to meet the immediate critical demands for nickel required by World War I, the Korean War, and other military demands. Every time that I return to the area, I am amazed at the results of the reclamation programs that have been undertaken over the last 30 years. Fostung will be developed without that degradation, but with the skills, knowledge, and perseverance of the people located in the area. We are eager to continue with the recommended next phases of drilling, bulk sampling, and metallurgical testing to advance the Fostung deposit from an inferred to a measured and indicated resource."
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Analyst Views on UAMY
Wall Street analysts forecast UAMY stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 9.600
Low
9.75
Averages
10.00
High
10.25
Current: 9.600
Low
9.75
Averages
10.00
High
10.25
About UAMY
United States Antimony Corporation is engaged in the production and sale of antimony, precious metals, primarily gold and silver, and zeolite products. The Company has two reportable segments: antimony and zeolite. Its antimony segment consists of its facility located in the Burns Mining District of Sanders County in Montana that processes ore primarily into antimony oxide, antimony metal, antimony trisulfide, and precious metals, and its two facilities in its US Antimony de Mexico, S.A. de C.V. (USAMSA) subsidiary located in Mexico that process ore primarily into antimony metal and a lower grade of antimony oxide. Its zeolite segment includes its vertically integrated Bear River Zeolite (BRZ) facility located in Preston, Idaho that mines, processes, and sells zeolite. Its zeolite has been used in soil amendment and fertilizer, water filtration, and sewage treatment. The Company also operates Fostung Tungsten Property located near Sudbury, Ontario, Canada, near the town of Espanola.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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