BUSINESS SEGEMENTS

3 Months Ended

Mar. 31, 2023

BUSINESS SEGEMENTS

BUSINESS SEGEMENTS

NOTE 10 – BUSINESS SEGEMENTS

The Company is organized and managed with four business segments, which represent our operating units: United States antimony operations, Mexican antimony operations, precious metals recovery and United States zeolite operations.

The Puerto Blanco mill and the Madero smelter at the Company’s Mexico operation bring antimony up to an intermediate or finished stage, which may be sold directly to customers in the United States or shipped to the United States operation for finishing at the Company’s plant near Thompson Falls, MT. The Puerto Blanco mill in Mexico is the site of our crushing and flotation plant, and a cyanide leach plant which recovers precious metals after the ore goes through the crushing and flotation cycles. A precious metals recovery plant is operated in conjunction with the antimony processing plant at Thompson Falls, MT, where a 99% precious metals mix is produced. The zeolite operation produces zeolite near Preston, Idaho. Almost all the sales of products from the United States antimony and zeolite operations are to customers in the United States. Sales to foreign countries are primarily to customers in Canada.

Total Assets:	March 31, 2023		December 31, 2022
Antimony
United States	$	18,807,438	$	21,636,386
Mexico		8,818,420		8,484,131
Subtotal antimony		27,625,858		30,120,517
Precious metals
United States		211,754		172,004
Mexico		603,473		625,292
Subtotal precious metals		815,227		797,296
Zeolite		4,420,674		3,782,637
TOTAL	$	32,861,759	$	34,700,450

	For the three months ended
Capital expenditures:	March 31, 2023		March 31, 2022
Antimony
United States	$	3,550	$	28,350
Mexico		113,568		16,437
Subtotal antimony		117,118		44,787
Precious metals		-		8,380
Zeolite		497,652		135,374
TOTAL	$	614,770	$	188,541

Segment operations for the three months ended March 31, 2023	Antimony - USA		Antimony -Mexico			Total antimony			Precious Metals		Zeolite			Total
Total revenues	$	1,612,639	$	-		$	1,612,639		$	116,112	$	482,093		$	2,210,844
Depreciation and amortization		8,280		137,114			145,394			27,673		51,174			224,241
Income (loss) from operations	$	62,072	$	(1,097,762	)	$	(1,035,690	)	$	88,439	$	(64,605	)	$	(1,011,856	)
Other income (expense)															204,872
Net income (loss)														$	(806,984	)

Segment operations for the three months ended March 31, 2022	Antimony - USA		Antimony -Mexico			Total antimony		Precious Metals		Zeolite		Total
Total revenues	$	2,828,930	$	-		$	2,828,930	$	77,334	$	674,042	$	3,580,306
Depreciation and amortization		9,469		138,457			147,926		27,520		44,704		220,150
Income (loss) from operations	$	1,391,512	$	(684,037	)	$	707,475	$	49,814	$	22,291	$	779,580
Other income (expense)													6,672
Net income (loss)												$	786,252