United States Antimony Surges 19% Ahead of Earnings; USA Rare Earth Climbs 7%, Critical Metals Rises 4%

Critical minerals stocks are bouncing as earnings week arrives for the group, and United States Antimony (NYSE:UAMY) is setting the pace. United States Antimony stock is at $3.36, up 19% in morning trading. The antimony producer’s jump comes as traders position ahead of its Q3 2026 report.

Investors are returning to AI shares after last week’s post-midterm selloff, lifting major indexes. That broader appetite for risk is lifting small-cap materials names tied to Washington’s push for domestic supply. On top of that boost, United States Antimony has a scheduled report on the calendar.

United States Antimony Locks In Its Q3 Report Date

United States Antimony disclosed on November 9 that it’ll release Q3 results after the market closes on November 12, with a webcast at 4:15 p.m. ET. The company mines and processes antimony, zeolite and precious metals at facilities in Montana and Mexico, mines zeolite in Idaho, and calls itself the only fully integrated antimony company in the world outside China and Russia. Antimony shows up in flame retardants, batteries and ammunition primers.

Those defense uses help explain a $245 million sole-source contract with the Defense Logistics Agency (DLA), which has awarded $57.3 million in cumulative orders to United States Antimony. Recent claim acquisitions in Alaska, Montana and Ontario aim to cut the company’s reliance on third-party ore.

In its Q2 2026 results, United States Antimony reported generally accepted accounting principles (GAAP) earnings per share (EPS) of $0.00 against a consensus of -$0.02. That beat leaned on a $6.8 million unrealized gain on its Larvotto Resources stake, and the operating business posted a loss without it. Sales at United States Antimony came to $7.93 million, missing expectations, while gross margin contracted to 7% from 27% as antimony selling prices fell.

Management at United States Antimony has stated it expects margins to widen in the back half of 2026 as DLA deliveries ramp, which puts gross margin at the center of the coming report. Updates on the Thompson Falls, Montana smelter expansion and the Bolivia processing facility could also shape the reaction.

USA Rare Earth and Critical Metals Follow the Group Higher

USA Rare Earth (NASDAQ:USAR) stock is at $8.84, up 7%. The mine-to-magnet developer has an earnings report ahead but hasn’t confirmed its date, so it misses the near-term marker United States Antimony has. This bounce for USA Rare Earth follows a pullback over recent sessions.

Critical Metals (NASDAQ:CRML) stock is at $6.10, up 4%. Of the three featured names, Critical Metals posts the smallest gain, and its slide over recent sessions ran deeper than USA Rare Earth’s.

Also, MP Materials (NYSE:MP) is drawing attention. Reuters reported that China announced on November 9 a two-month extension of rare earth export-control waivers due to run out this month. Barron’s linked the rise in MP Materials stock to that reprieve ahead of a Trump-Xi meeting.

Where United States Antimony Splits From Its Rare Earth Peers

United States Antimony sells a single critical metal into defense and industrial markets now, with a zeolite line on the side. USA Rare Earth is building an integrated chain. It starts from its Round Top deposit in Texas and runs through metals and alloys at its U.K.-based Less Common Metals unit to magnets at its Stillwater, Oklahoma plant. The magnet maker has also agreed to acquire Serra Verde Group, which owns a rare earth mine in Brazil.

Critical Metals remains pre-revenue. It is developing the Tanbreez rare earth project in Greenland and the Wolfsberg lithium project in Austria, and its auditors have raised doubt about its ability to continue as a going concern. MP Materials already mines and separates rare earths at Mountain Pass in California and makes magnets in Fort Worth, Texas. Of the four, MP Materials is furthest along in commercial production.

What the Q3 Report Could Mean for United States Antimony

United States Antimony now faces the question of whether DLA deliveries produce the wider margins management expects. Bulls point to the defense contract, an expanding ore base and federal backing for domestic miners. The bears counter with revenue misses in Q1 2026 and Q2, a reduced full-year revenue outlook on weaker antimony prices and management’s own warning that quarterly results can be rough.

A strong report could reinforce the domestic-supply story behind the rally in United States Antimony, while a soft one may test a stock that jumped ahead of the release. Traders may prefer to keep their share exposure smaller until the margin question at United States Antimony settles.

Contact [email protected] for any questions or corrections.