Forget MP Materials. One of These Mining Stocks Is Up 274% and Has $354 Million in Pentagon Contracts. The Other Controls the Largest Rare Earth Deposit Outside China

"The MP trade is crowded, late, and priced for a perfect execution that does not yet exist on its income statement. By the time a name lands in every brokerage push notification, the supply chain reshoring premium has already been baked into the multiple. The retirement investor who wants real asymmetric exposure to the same Western critical minerals tailwind has two better options sitting one tier below in market cap, with sharper revenue acceleration and an equally direct line to U.S. defense dollars."

"United States Antimony ( NYSE:UAMY) carries a market cap of roughly $1.72 billion and operates the only integrated antimony mining-to-smelting chain outside China and Russia. Three points make the case. First, the revenue trajectory dwarfs the rare earth incumbents. Fiscal 2025 revenue came in at $39,257,708, up 163% year over year, with Q4 revenue of $13,030,629 nearly tripling the prior year quarter."

"UAMY locked in a five-year sole-source IDIQ contract with the U.S. Defense Logistics Agency valued up to $245 million, a $107 million commercial supply agreement with a U.S. industrial fabric manufacturer, and another $27 million in Defense Production Act funding for Montana refining and Alaskan mining expansion. That is roughly $354 million in new antimony contracts backstopping a company guiding to nine figures of revenue."

"CEO Gary Evans is guiding to $125 million in 2026 gross revenue, a step function MP Materials cannot replicate at its size. The Street is still catching up. B. Riley analyst Nick Giles raised his target to $13 in April on increased feedstock procurement, and HC Wainwright moved to $11.50. Consensus sits at $12.67 with four buy ratings and zero sells. Shares are up 274.14% ov"

MP Materials is described as crowded, late, and priced for a perfect execution that has not yet appeared in its income statement. The supply chain reshoring premium is said to be reflected in its valuation before results are visible. United States Antimony is presented as a smaller alternative with an integrated antimony mining-to-smelting chain outside China and Russia. Fiscal 2025 revenue is reported at $39.26 million, up 163% year over year, with Q4 revenue nearly tripling. Management guidance targets $125 million in 2026 gross revenue. The company also holds a five-year sole-source IDIQ contract with the U.S. Defense Logistics Agency valued up to $245 million, plus commercial and Defense Production Act funding totaling about $354 million in new contracts.

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