United States Antimony Corp shares declined 11.99% to $5.20 on Thursday as precious metals prices retreated amid escalating geopolitical tensions in the Middle East. The drop in United States Antimony stock mirrored broader losses in the metals sector, driven by rising oil prices and climbing Treasury yields that strengthened the dollar and fueled inflation anxiety.

Precious Metals Prices Retreat

Spot gold shed nearly 2% to $3,984.64 per ounce, touching levels not seen since July 1. Silver gave back 3.6% to settle at $55.68 per ounce. The declines extended across the metals complex, with platinum falling 3.1% and palladium surrendering 4.1%.

The price movements were attributed to a confluence of factors stemming from the conflict between American and Iranian forces. Higher energy costs feed directly into inflation expectations, which lift Treasury yields and firm up the dollar. This dynamic makes gold costlier for international buyers and less attractive compared to yield-generating assets.

Geopolitical Escalation Impacts Markets

The market pressure followed a second round of U.S. military strikes against Iranian positions within a 12-hour period. U.S. Central Command targeted coastal defense installations and cruise missile infrastructure on Greater Tunb Island. These operations came after President Donald Trump stated that military action would escalate if Iran declined to engage in negotiations.

Iran signaled to Yemen’s Houthi forces to prepare to choke off Red Sea shipping traffic if American strikes reach Iranian power generation facilities. This threat pushed oil toward a one-month high, further contributing to the inflationary pressures weighing on precious metals.

Metal Performance Overview

United States Antimony Corporation has successfully delivered its first shipments of antimony metal ingots during the second quarter of 2026 under a $245 million supply contract with the Defense Logistics Agency (DLA). The company delivered approximately 82,000 pounds of antimony metal ingots in the initial two shipments, generating about $2.6 million in invoices issued to the DLA in June 2026. This milestone marks the beginning of fulfillment under the significant supply agreement with the defense agency.

The DLA, an agency of the Department of Defense, has placed total antimony ingot orders amounting to $57.3 million with United States Antimony since the contract's inception. The company reported that two additional shipments are currently pending government inspection, Certificate of Analysis, and authorization to deliver.

Contract and Delivery Details

The following table outlines the key financial and operational figures related to the contract fulfillment:

United States Antimony Corporation describes itself as the only fully integrated antimony company in the world outside of China and Russia, producing and processing antimony, zeolite, and other critical minerals.