BUSINESS SEGMENTS

3 Months Ended

Mar. 31, 2025

BUSINESS SEGMENTS

BUSINESS SEGMENTS

NOTE 12 – BUSINESS SEGMENTS

The Company has two reportable segments: antimony and zeolite. Our antimony segment consists of:

· Our facility located in the Burns Mining District of Sanders County in Montana that processes ore primarily into antimony oxide, antimony metal, antimony trisulfide, and precious metals, and

· Our two facilities in our USAMSA subsidiary located in Mexico that process ore primarily into antimony metal and a lower grade of antimony oxide.

Our zeolite segment consists of our facility located in Preston, Idaho that mines, processes, and sells zeolite.

The Company has no active operations at, nor any revenue being generated from the following four components of its business: Los Juarez, Mexico in our ADM subsidiary, Ontario, Canada, Alaska, and Philipsburg, Montana. Also, the chief operating decision maker does not regularly review the operating results of these components. Therefore, these components have been included in the “All Other” category for segment reporting. The Company’s chief operating decision maker is its chief executive officer.

Total assets by segment at March 31, 2025 and December 31, 2024 were as follows: 

Total Assets	March 31, 2025		December 31, 2024
Antimony segment:	$	31,504,305	$	27,230,312
Zeolite segment		5,771,886		5,604,003
All other		2,220,587		1,808,287
Total assets	$	39,496,778	$	34,642,602

Total capital expenditures by segment for the three months ended March 31, 2025 and 2024 were as follows: 

	For the Three Months Ended March 31,
Capital expenditures	2025		2024
Antimony segment	$	176,282	$	-
Zeolite segment		56,229		52,713
All other		630,000		-
Total capital expenditures	$	862,511	$	52,713

Selected segment operational information for the three months ended March 31, 2025 and 2024 were as follows:

For the three months ended March 31, 2025	Antimony		Zeolite			All Other			Total
Total revenues	$	5,905,309	$	1,094,696		$	-		$	7,000,005
Depreciation and amortization		167,551		107,356			7,063			281,970
Income (loss) from operations		1,143,840		(307,776	)		(478,072	)		357,992
Other income										188,532
Income tax expense										-
Net income									$	546,524

For the three months ended March 31, 2024	Antimony		Zeolite			All Other			Total
Total revenues	$	2,469,062	$	603,005		$	-		$	3,072,067
Depreciation and amortization		19,795		82,328			4,024			106,147
Income (loss) from operations		218,791		(657,329	)		(31,916	)		(470,454	)
Other income										147,686
Income tax expense										-
Net loss									($322,768)