MP Materials is currently overhyped with its Pentagon stake and Apple deals priced in, making it a crowded trade. United States Antimony (UAMY) shows stronger revenue growth with a 163% increase in 2025 and secured $354 million in defense and commercial contracts, guiding to $125 million revenue in 2026. Critical Metals (CRML) controls a major rare earth deposit in Greenland, backed by a $120 million U.S. EXIM Bank letter and upcoming project milestones in 2026, despite being pre-revenue and under management transition. Both UAMY and CRML present promising alternatives for investors seeking exposure to Western critical minerals beyond MP Materials' hype.
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