PROPERTIES PLANTS AND EQUIPMENT

12 Months Ended

Dec. 31, 2024

PROPERTIES PLANTS AND EQUIPMENT

PROPERTIES, PLANTS AND EQUIPMENT

NOTE 6 – PROPERTIES, PLANTS AND EQUIPMENT

The components of the Company’s properties, plants and equipment (“PP&E”) by segment at December 31, 2024 and December 31, 2023 were as follows:

December 31, 2024	Antimony			Zeolite			All Other			TOTAL
Plant and equipment		13,512,321			6,597,781			427,720		$	20,537,822
Buildings		1,106,303			1,705,893			11,970			2,824,166
Mineral rights and interests		-			16,753			125,000			141,753
Land		2,083,094			-			914,443			2,997,537
Construction in progress		-			101,938			-			101,938
PP&E, cost	$	16,701,718		$	8,422,365		$	1,479,133		$	26,603,216
Accumulated depreciation		(9,602,469	)		(3,857,785	)		(251,515	)		(13,711,769	)
PP&E, net	$	7,099,249		$	4,564,580		$	1,227,618		$	12,891,447

December 31, 2023	Antimony			Zeolite			All Other			TOTAL
Plant and equipment	$	13,480,118		$	6,007,694		$	394,545		$	19,882,357
Buildings		1,106,303			2,025,043		$	11,970			3,143,316
Mineral rights and interests		-			16,753			100,000			116,753
Land		2,083,094			-			914,443			2,997,537
Construction in progress		-			8,951			-			8,951
PP&E, cost	$	16,669,515		$	8,058,441		$	1,420,958		$	26,148,914
Accumulated depreciation		(8,935,269	)		(3,524,130	)		(235,024	)		(12,694,423	)
PP&E, net	$	7,734,246		$	4,534,311		$	1,185,934		$	13,454,491

The properties, plants and equipment by location was as follows:

	2024		2023
Domestic PP&E, net	$	6,634,066	$	6,579,111
Mexico PP&E, net		6,232,381		6,875,380
Canada PP&E, net		25,000		-
Total PP&E, net	$	12,891,447	$	13,454,491

BRZ Home

In May 2024, the Company made the decision to sell a non-core asset of its zeolite segment, which was a personal residence (“BRZ Home”) located near its operations in Idaho. In September 2024, the Company sold its BRZ Home and recorded a gain on this sale as follows:

Proceeds from the sale	$	314,125
Net carrying value of the BRZ Home		297,873
Gain on sale of PP&E	$	16,252

Sudbury Agreement for Mining Claims and Leases

In August 2024, the Company executed an option agreement to acquire the ownership rights to ninety-seven mining claims and three mining leases located in the Sudbury District of Ontario, Canada (“Sudbury Agreement”). Payments are to be made by the Company as follows to acquire these claims:

Payment Date	Payment Amount
August 2024	$	10,000
November 2024		15,000
February 2025		35,000
August 2025		40,000
August 2026		50,000
August 2027		50,000
August 2028		75,000
Total	$	275,000

The payments to acquire these mining claims and leases are capitalized when paid in the “Mineral rights and interests” component of “Properties, plants and equipment, net” in the Consolidated Balance Sheets, which totaled $25,000 as of December 31, 2024, and are included in the “All Other” category for segment reporting.

The Sudbury Agreement requires a royalty payment by the Company based on potential future production from the claims (“Net Smelter Royalty”) with a minimum royalty payment beginning on the fifth anniversary of the agreement. A certain percentage of the Net Smelter Royalty can be purchased back by the Company. Also, the Sudbury Agreement includes a commitment by the Company to spend an aggregate of $250,000 on exploring and developing these claims over four years from the agreement date, with various milestones over this four-year period. The Sudbury Agreement can be terminated without cause at any time by the Company with thirty days’ notice.