Americas Gold and Silver (NYSE American: USAS; TSX: USA) CEO & Chairman Paul Huet says the company is emerging as the only current U.S. source of antimony as it advances a new Idaho processing joint venture aligned with the U.S. government’s $12 billion Project Vault initiative. Speaking with Kitco Mining at the 35th BMO Global Metals, Mining & Critical Minerals Conference, Huet said domestic supply remains structurally short as the U.S. looks to secure critical minerals for defense and industrial use.

“We need 50 million pounds of antimony per year,” Huet said, adding that U.S. production must also expand by another 40 million pounds to support allied demand. Through a 51/49 joint venture with U.S. Antimony, the company plans to process concentrate from its Galena complex domestically, targeting roughly 3 million pounds annually as capacity scales. Huet said antimony comes at no incremental mining cost, while nearly $300 million raised over the past year has funded infrastructure upgrades, new mechanized mining methods, and district consolidation, including the Crescent acquisition, as silver output ramps back toward 5 million ounces annually.

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00:30 - $12B Project Vault and US Antimony Strategy
02:11 - Idaho Antimony JV with US Antimony Explained
04:09 - How Galena Antimony Concentrate Flows Today
06:06 - 51 49 JV Structure and Funding Plan
08:51 - Antimony Pricing Risks and Supply Concerns
11:51 - Galena Silver Turnaround to 5Moz Target
12:39 - Mechanized Mining vs Jackleg Production
14:16 - Cash Flow Growth and Exploration Strategy
16:39 - Crescent Mine Acquisition and District Synergies
18:27 - 2026 Production Milestones and Expansion Plans
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Americas Gold and Silver Aligns With $12B Project Vault | Paul Huet

Kitco MINING

Americas Gold and Silver Aligns With $12B Project Vault | Paul Huet