INVENTORIES

12 Months Ended

Dec. 31, 2022

INVENTORIES

INVENTORIES

NOTE 6– INVENTORIES

Inventories at December 31, 2022 and December 31, 2021 are as follows:

	December 31, 2022		December 31, 2021
Antimony Oxide	$	142,230	$	234,461
Antimony Metal		509,643		439,086
Antimony Ore and Concentrates		545,373		119,046
Total antimony		1,197,246		792,593
Zeolite		177,822		262,827
TOTAL INVENTORIES	$	1,375,068	$	1,055,420

As of December 31, 2022 and December 31, 2021, inventories are valued at cost except for the portion related to Mexican operations which are valued at net realizable value because the production costs of the Mexican inventory were greater than the amount the Company expected to receive on the sale of antimony contained in inventory. The adjustment to inventory for net realizable value was $277,146 and $Nil for the year ended December 31, 2022 and 2021, respectively.

Antimony oxide and metal inventory consisted of finished product held at the Company’s plants in Montana and Mexico.  Antimony concentrates and ore were held primarily at sites in Mexico.  The Company’s zeolite inventory consists of saleable zeolite material in Idaho.