Asahi Refining USA Inc.
Salt Lake City, UT
- UEI
- GL5NPDBBRMC8
- CAGE
- 8SRD6
- SAM.gov registration
- Active through
Company facts
- FY2025 rankings
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Not Tax Exempt)
- Corporate family
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- TM42WDB45MY7
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- SAM.gov registration date
- Physical address
- 4601 2100 S, Salt Lake City, UT 84120, USA
- Website
- asahirefining.com
- Founded
- 2015
- Employees
- 51-250
- Estimated annual revenue
- $10M-$50M
- Industry
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- Industrials
- Capital Goods
- Industrial Conglomerates
- Industrials & Manufacturing
- SIC code
- 50 Wholesale Trade – Durable Goods
- Profiles
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Contract obligations by fiscal year
| Fiscal year | Obligated |
|---|---|
| FY2027 To date | $0 |
| FY2026 | $571,611,254 |
| FY2025 | $339,833,336 |
| FY2024 | $355,423,040 |
Top agencies by obligations
| Rank | Agency | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | Department of the Treasury | $571,611,254 |
Contract awards
| Award | Agency | Obligated | Awarded |
|---|---|---|---|
| Raw gold bullion | United States Mint | $5,433,658 | |
| Raw gold bullion | United States Mint | $5,369,457 | |
| Raw gold bullion | United States Mint | $5,277,021 | |
| Raw gold bullion | United States Mint | $5,158,613 | |
| Raw gold bullion | United States Mint | $4,874,833 |
Latest 5 listed here. See the rest on GovTribe.
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About the company
Asahi Refining USA Inc., a foreign-owned precious metals refiner, supplies raw gold bullion and refined silver to the United States Mint as a prime contractor operating under two indefinite delivery contracts valued at $20 billion for raw gold and $10 billion for refined silver through December 2040. The company competes in full-and-open procurements with no set-aside designations, holding exclusive single-award and multiple-award positions on the Mint's primary precious metals vehicles.
Asahi Refining USA operates as the Department of the Treasury's sole supplier of raw gold bullion for federal coinage production. The company's capability portfolio centers on precious metals refining and bullion supply—specifically, raw gold bullion and refined silver in the form of ingots, bars, and specialized coinage materials meeting exacting federal specifications for U.S. circulating coins, commemorative issues, and bullion coins. Representative contracts include a $5.4 million delivery order for raw gold bullion awarded September 24, 2026, under the primary indefinite delivery contract; a $6.1 million raw gold bullion delivery order from April 13, 2026; and a $10 billion multiple-award indefinite delivery contract for refined silver awarded March 21, 2022, both extending through December 2040. All work is performed at company facilities in Salt Lake City, Utah and Ottawa, Ontario, Canada, with delivery to the Mint's Salt Lake City facility or, in limited cases, to facilities in Great Britain and Canada.
Customer concentration is absolute: 100 percent of the 453 awards in the source data go to the Department of the Treasury's United States Mint, representing $21.79 billion in combined potential value. This exclusive relationship reflects Asahi Refining USA's position as the Mint's appointed sole-source supplier for raw gold bullion under a December 2020 indefinite delivery contract with a $20 billion ceiling through December 2040. The second indefinite delivery contract, a multiple-award vehicle for refined silver valued at up to $10 billion and awarded in March 2022, further solidifies the company's role in the Mint's long-term precious metals procurement strategy. Obligated dollars total $1.79 billion, or 8 percent of combined potential value, reflecting the Mint's practice of issuing delivery orders against the standing IDV framework.
All 451 task orders currently placed flow through the single primary indefinite delivery contract (IDC 2031JG21D00006), which carries $1.79 billion in combined potential value. The contract structure—single-award for raw gold bullion, multiple-award for refined silver—eliminates competitive rebidding on individual delivery orders and streamlines the Mint's acquisition process for materials critical to coinage operations. Delivery orders range from $1.5 million to $6.1 million and are issued on firm fixed-price terms with two-to-three-week fulfillment cycles.
Activity has accelerated materially since 2020, when the primary raw gold bullion IDV was originally awarded. The vendor recorded 34 awards in 2021, 11 in 2022, 166 in 2024, 116 in 2025, and 125 through mid-October 2026. The spike from 2022 to 2024 reflects both the March 2022 silver IDV award and sustained issuance of gold bullion delivery orders at increased frequency and dollar magnitude. No recompete cliff is apparent in the immediate forward period given the open-ended nature of both IDV agreements through December 2040; however, the Mint's ability to solicit competition on the refined silver vehicle (multiple-award structure) creates a secondary opportunity for qualified competitors.
Asahi Refining USA operates exclusively as a prime contractor with no identified subcontractors across its Mint footprint. The company is foreign-owned, for-profit, and manufactures goods; it carries NAICS code 331492 (Nonferrous Metal Smelting and Refining, except Copper and Aluminum) and PSC code 1510 (Precious Metals Primary Forms). A subsidiary, Asahi Refining Florida LLC, is also registered as foreign-owned and for-profit. The company does not compete under SBA set-asides and does not hold seats on government-wide acquisition contracts, schedules, or multi-agency vehicles outside the Mint relationship.
Quick answers
Is Asahi Refining USA Inc. registered in SAM.gov?
Yes. Asahi Refining USA Inc.'s SAM.gov registration is active through May 14, 2027.
How much has Asahi Refining USA Inc. received in federal contracts?
Federal contracts obligated $339,833,336 to Asahi Refining USA Inc. in fiscal year 2025 and $1,266,867,631 in fiscal years 2023 through 2027.
How does Asahi Refining USA Inc. rank among federal contractors?
Asahi Refining USA Inc. ranked #1 in NAICS 33149, #2 in PSC 96 and #2 in NAICS 331 in FY2025.
What is Asahi Refining USA Inc.'s most recent federal award?
Asahi Refining USA Inc.'s most recent federal contract award is Raw gold bullion (2031JG26F52452), from United States Mint, on September 24, 2026.
On GovTribe
See Asahi Refining USA Inc.'s full federal record
- Federal contract awards
- IDV awards
- Funding analysis by agency, NAICS and set-aside
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