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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InUnited States Antimony Corporation (UAMY) has been awarded a $27 million grant from the U.S. Department of War under Title III of the Defense Production Act (DPA). The funding is specifically designated to enhance and expand the domestic extraction, processing, and refinement of critical minerals, including antimony, cobalt, tungsten, and zeolite. This strategic investment aims to reduce reliance on foreign sources and secure a stable domestic supply chain for materials essential to national defense. Although approved last year, the disbursement of these funds was previously delayed due to a government shutdown. For UAMY, this capital injection represents a significant milestone, providing non-dilutive funding to scale its operations and validate its strategic importance. The move underscores the growing priority of securing critical mineral resources amid shifting global trade dynamics.