INVENTORIES

12 Months Ended

Dec. 31, 2024

INVENTORIES

INVENTORIES

NOTE 5 – INVENTORIES

Inventories by type at December 31, 2024 and 2023 were as follows:

	December 31, 2024		December 31, 2023
Antimony oxide inventory	$	254,372	$	354,431
Antimony metal inventory		154,590		454,748
Antimony ore and concentrates inventory		335,588		71,884
Total antimony inventory		744,550		881,063
Zeolite inventory		501,174		505,046
TOTAL INVENTORIES	$	1,245,724	$	1,386,109

As of December 31, 2024 and 2023, inventories were valued at cost, except for the portion of inventory, which was valued at net realizable value because costs were greater than the amount the Company expected to receive on the sale of the inventory. The adjustment to value inventory at net realizable value was $65,647 and $nil for zeolite for the years ended December 31, 2024 and 2023, respectively, and $nil and $2,073,404 for antimony related to our Mexico facilities for the years ended December 31, 2024 and 2023, respectively.

Antimony oxide and metal inventory consisted of finished products held by the Company’s facility located in Montana. Antimony ore and concentrates were held primarily at its facilities located in Montana and Mexico. The Company’s zeolite inventory consisted primarily of saleable zeolite material at the Company’s facility located in Idaho.