Insider Buying Signals Strong Upside for United States Antimony’s Critical‑Minerals Expansion

Insider Buying Signals a Strategic Push

On January 15 2026, Michael A. McManus Jr. acquired 6 635 shares of United States Antimony Corp. (USANT) as part of a new restricted‑stock‑unit award under the 2023 Equity Incentive Plan. The transaction, executed at the prevailing market price of $10.86 per share, increased McManus’s post‑transaction holding to approximately 538 600 shares. Although the purchase represents only 0.07 % of the daily trading volume, it occurs amid a 160 % surge in social‑media buzz and a mildly negative sentiment score of –24, suggesting that insiders are betting on a near‑term rally driven by the company’s latest property acquisition and the broader industry’s growing demand for critical‑mineral supplies.

Market Dynamics

United States Antimony has recently announced the establishment of a new flotation facility that will broaden its processing envelope to include cobalt, tungsten, and zeolite—minerals that have seen a surge in strategic interest worldwide. The company’s market capitalization currently stands at $1.27 billion, and its 52‑week high of $19.71 places it in a favorable position to capture premium pricing as supply chain security becomes increasingly critical to global manufacturing and technology sectors.

Despite these favorable fundamentals, the negative price‑earnings ratio of –217.06 indicates that earnings remain volatile, a legacy of the company’s heavy capital‑expenditure cycle. The company’s high debt exposure could amplify downside risk, making the timing and volume of insider purchases an important barometer for investor confidence.

Competitive Positioning

The company’s expansion into cobalt, tungsten, and zeolite positions it competitively within the critical‑mineral market, a space that is currently dominated by a handful of large producers with extensive vertical integration. By adding new flotation capability, United States Antimony can reduce its dependence on third‑party processors, lower production costs, and improve margins. This vertical integration strategy is expected to improve the company’s competitive advantage, especially as global demand for these minerals accelerates in response to electrification and renewable energy initiatives.

Economic Factors

The global demand for critical minerals is projected to grow at a compound annual growth rate (CAGR) of 8–10 % over the next decade, driven by the electrification of transport, the expansion of data centers, and the decarbonization of industrial processes. This macro‑environment supports the company’s strategic pivot toward a broader mineral portfolio. However, the capital‑intensive nature of mining and processing projects, coupled with fluctuating commodity prices, introduces significant operational and financial risk.

Insider Activity: A Quiet Consensus

While McManus’s transaction has attracted the most attention, other key insiders—Carrabba Joseph A. and Aguirre Blaise A.—mirrored the same buying pattern on January 15 2026, each purchasing 6 635 shares and acquiring 12 259 stock‑option units. Their cumulative holdings now exceed 600 000 shares combined, indicating a broader insider consensus around the company’s mid‑term outlook. This coordinated buying, executed within a single filing window, is rare and suggests that management believes the company’s asset base and strategic positioning will yield significant upside.

Implications for the Company’s Future

United States Antimony’s recent property acquisition and the expansion of its processing capabilities signal a deliberate effort to strengthen its position as a critical‑mineral play in an industry where supply chain security is paramount. Insider confidence—manifested through structured equity awards—may help anchor shareholder expectations as the company navigates a high‑volatility market. For investors, the key question remains: will the company translate its expanded asset base into sustainable earnings growth that can turn the current negative P/E into a positive outlook? The insider activity offers a hopeful, yet cautious, sign that the answer may be affirmative, provided the company can manage its capital expenditures and maintain operational efficiency in a competitive global market.

Transaction Summary