SUBSEQUENT EVENTS	3 Months Ended
Mar. 31, 2025
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	Note 13 - SUBSEQUENT EVENTS Line of Credit The Company secured a $5 million line of credit (“LOC”) facility in April 2025, which bears interest at one percent above the base commercial rate. Also in April 2025, the Company invested approximately $10 million of its cash and cash equivalents in U.S. Treasury Strips with maturities up to approximately 5 years. These investments serve as collateral for the LOC. The Company has had no borrowings on this facility. Common stock warrants In April 2025, the Company issued 1,313,750 shares of common stock related to the exercise of warrants and received gross proceeds of $1,116,688, based on their exercise price of $0.85 per share. Expansion of Thompson Falls, Montana Smelting Operations In April 2025, the Company executed a definitive contract with WSP USA Inc. (“WSP”) to complete engineering and construction services to expand our smelting operations located in Thompson Falls, Montana. Total capital expenditures associated with the expansion are estimated to be less than $15 million. Sale of Common Stock In May 2025, the Company sold 276,586 shares of its common stock in an “at the market offering” and received gross proceeds of $974,230 based on a weighted average price of $3.52 per share. A total of $17,659 in direct issuance costs were incurred related to this sale.

SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2025

Note 13 - SUBSEQUENT EVENTS

Line of Credit

The Company secured a $5 million line of credit (“LOC”) facility in April 2025, which bears interest at one percent above the base commercial rate. Also in April 2025, the Company invested approximately $10 million of its cash and cash equivalents in U.S. Treasury Strips with maturities up to approximately 5 years. These investments serve as collateral for the LOC. The Company has had no borrowings on this facility.

Common stock warrants

In April 2025, the Company issued 1,313,750 shares of common stock related to the exercise of warrants and received gross proceeds of $1,116,688, based on their exercise price of $0.85 per share.

Expansion of Thompson Falls, Montana Smelting Operations

In April 2025, the Company executed a definitive contract with WSP USA Inc. (“WSP”) to complete engineering and construction services to expand our smelting operations located in Thompson Falls, Montana. Total capital expenditures associated with the expansion are estimated to be less than $15 million.

Sale of Common Stock

In May 2025, the Company sold 276,586 shares of its common stock in an “at the market offering” and received gross proceeds of $974,230 based on a weighted average price of $3.52 per share. A total of $17,659 in direct issuance costs were incurred related to this sale.