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    US Antimony–Americas Gold Idaho plant: JV structure and supply notes for mine planners

    February 11, 2026|

    Reviewed by Joe Ashwell

    US Antimony–Americas Gold Idaho plant: JV structure and supply notes for mine planners

    First reported on MINING.com

    30 Second Briefing

    United States Antimony and Americas Gold and Silver will build an 18‑month hydrometallurgical processing plant in Idaho’s Silver Valley to treat antimony feed from the Galena complex, which produced 561,000 lb of antimony last year, with capacity to accept third‑party feed. The JV is structured 51/49 in favour of Americas Gold, but US Antimony will manage operations and buy the plant’s antimony output at market terms, integrating it with its Thompson Falls, Montana oxide smelter. The fully permitted site (pending construction permits) is positioned to support US defence‑linked demand and may seek federal funding under critical minerals programmes.

    Technical Brief

    • Hydrometallurgical plant will sit in Idaho’s Silver Valley adjacent to Americas Gold’s operating silver-copper-antimony mines.
    • Feedstock is permitted antimony-bearing material from the Galena complex, with design flexibility for third‑party ores.
    • Governance uses a 51/49 equity split but an equal-representation committee for all major technical and financial decisions.
    • Project documentation for US federal critical minerals funding has already been prepared, targeting alignment with defence-linked antimony supply initiatives.

    Our Take

    With China supplying 55% of US antimony, the Idaho JV between Americas Gold and Silver and US Antimony effectively positions the Galena Complex and Thompson Falls as part of a small group of western US assets that can credibly underpin USGS and Defense Logistics Agency supply-chain diversification goals for critical minerals.

    The 18‑month construction window for the antimony plant is short compared with typical greenfield critical-mineral projects in our database, suggesting the partners are likely leveraging existing infrastructure at the Galena Complex in Idaho and processing experience from Montana to accelerate delivery for the US$245 million DLA contract.

    Idaho is emerging in our coverage as a multi‑commodity critical and strategic metals hub, with this antimony–silver JV sitting alongside projects like American Tungsten’s work at the historic IMA tungsten mine in Lemhi County, which could enable future regional synergies in processing and workforce for tungsten, antimony, silver and associated by‑products.

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    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

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