USUnited States

Thompson Falls antimony processing and refining expansion

Thompson Falls, Montana

prj-us-usac-thompson-falls-expansion

Download investigation JSON Sources & citationsCorpus revised 3 Nov 2026

What does the record establish?

Part of the $27M DoW DPA Title III award. The company allocated $20M to Thompson Falls in its SEC-furnished May 2026 call transcript. The $12.8M first-quarter milestones/payment are not a second award.

Financial standing

1 directly linked instruments. Recorded financial states: Partially disbursed. A commitment, a payment and a project cost remain separate.

Inspect instruments and terms

Legal and policy context

1 parent policy records; 0 project designations. Designation confers standing, not finance. Material and stage overlaps with controls do not establish a restriction on this project.

Read the policy records

Industrial evidence

No source-reviewed project milestone is published in this corpus. Financing records may still contain attributed activity reports; this gap does not establish inactivity.

See evidence gaps

Financial evidence and chronology

Each instrument keeps its own financial history. These dates describe financial states, not construction or production. Amounts are the current recorded terms, not historical amounts at every date below.

Grant · U.S. Department of War$20 million for Thompson Falls · Partially disbursed · Commitment

Provider organizations: U.S. Department of Defense
Recipient: United States Antimony CorporationUnited States Antimony Corporation
Legal authority as stated: Defense Production Act Title III

24 Feb 2026 · Decided
Part of the $27M award announced for February 24; its precise $20M allocation is disclosed later by the company.
U.S. Department of War
Exact status date not stated · Partially disbursed
The filing states $12.8M received in April 2026 for accepted milestones, recognized against Thompson Falls construction in progress; no exact day is given.
United States Antimony Corporation / U.S. Securities and Exchange Commission (EDGAR)

No additional structured terms are recorded. See the full instrument for its evidence and qualifications.

The recipient's SEC-furnished earnings-call transcript allocates $20M to Thompson Falls. Its Form 10-Q reports $12.8M of accepted milestones received in April 2026 and recorded against Thompson Falls construction in progress. Neither amount is incremental to the parent $27M award.

Full financial instrument, conditions and field-level evidence

Capital stack

One layer per value role. Only committed public money, and joint-vehicle money apart from it, is summed, per currency; everything else is listed. There is no total across layers.

Public commitments

1 row · summed per currency

Committed to a recipient by a government or public enterprise, at the status each row states. A contracted, partially disbursed or disbursed row is binding because an agreement is executed; payment is tracked separately by status. A contracted row need not mean funds are obligated or paid, and a partially disbursed row is not fully paid. Summed per currency and per instrument, never across either; a part is never added to its package.

USD

Grant1 row

Binding

Stated exactly: 20 million

1 counted

US24 Feb 2026

United States Antimony Corporation

USD20 million

Thompson Falls antimony processing and refining expansion

CommitmentGrantPublicPartially disbursedProcessing · Refining

Source-reviewed industrial observations

No source-reviewed project milestone is published for this undertaking. Any financing-row activity reports below remain attributed observations, not independently reviewed project milestones. Missing evidence does not establish inactivity.

Policy context

These records directly parent the project's finance or designation entries. Their presence does not establish a causal effect on industrial activity.

4 Mar 2026 · Active
Department of War DPA support for United States Antimony Corporation
U.S. Department of War
U.S. Department of War United States Antimony Corporation / U.S. Securities and Exchange Commission (EDGAR)

Control clauses on the same materials and stages

Clauses whose covered items share a material and a supply-chain stage with this project, with their legal status on 3 Nov 2026. An overlap of items, not a finding that the project is affected.

CNExport licensing · Item 1(1)MOFCOM/GACC Announcement No. 33 (2024)Refining · ProcessingIn force

Record

Sponsors: United States Antimony CorporationCompany
Location: Thompson Falls, MontanaUS
Stages: Processing, Refining
Materials: AntimonyTracked materials only
Programmes: None recorded
Latest financing-row activity report: No physical status recorded

What remains unknown

Gaps describe the available SMPT record. They do not establish that an activity did not occur.

No project-native source-reviewed industrial milestone is published. Attributed activity in financing histories remains a separate evidence class; no exact milestone date or facility-wide conclusion is inferred.
Historical amount review is incomplete. Current amounts cannot be read as a time series of earlier commitments.
Structural links and shared materials do not demonstrate that a government measure caused an industrial outcome.

Evidence

Every project fact names the source that states it.

Department of War Invests $27M for the Domestic Excavation, Extraction, Processing, and Refinement of Antimony
U.S. Department of War
Fields supported
Name · Sponsors · Location · Supply-chain stages · Materials
Evidence level
Explicit
Location in document
Award scope: Thompson Falls facility expansion
Qualification
Government identifies expansion of USAC's Montana antimony processing and refining capacity.
View source dossier →
United States Antimony Corporation, First Quarter 2026 Earnings Call Transcript (Exhibit 99.1 to Form 8-K)
United States Antimony Corporation / U.S. Securities and Exchange Commission (EDGAR)
Fields supported
Name · Location · Supply-chain stages · Materials
Evidence level
Explicit
Location in document
Thompson Falls operational report and CEO's response on $27M award allocation
Qualification
Recipient states $20M is for Thompson Falls; this is the allocation, not a claim that all $20M was paid.
View source dossier →

Original sources, the fields each supports, evidence level and precise document location
Source	Fields supported	Evidence level	Location
Department of War Invests $27M for the Domestic Excavation, Extraction, Processing, and Refinement of Antimony U.S. Department of War · Source dossier	Name Sponsors Location Supply-chain stages Materials	Explicit Government identifies expansion of USAC's Montana antimony processing and refining capacity.	Award scope: Thompson Falls facility expansion
United States Antimony Corporation, First Quarter 2026 Earnings Call Transcript (Exhibit 99.1 to Form 8-K) United States Antimony Corporation / U.S. Securities and Exchange Commission (EDGAR) · Source dossier	Name Location Supply-chain stages Materials	Explicit Recipient states $20M is for Thompson Falls; this is the allocation, not a claim that all $20M was paid.	Thompson Falls operational report and CEO's response on $27M award allocation

For citations, open a parent policy record for BibTeX, RIS and CSL formats. Cite original documents for claims about government action.

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