United States Antimony (UAMY) 10-Q 17 Oct 23 2023 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2023	Oct. 16, 2023
Cover [Abstract]
Entity Registrant Name	UNITED STATES ANTIMONY CORPORATION
Entity Central Index Key	0000101538
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	No
Document Period End Date	Jun. 30, 2023
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Entity Common Stock Shares Outstanding		107,647,317
Entity File Number	001-08675
Entity Incorporation State Country Code	MT
Entity Tax Identification Number	81-0305822
Entity Address Address Line 1	P.O. Box 643
Entity Address City Or Town	Thompson Falls
Entity Address State Or Province	MT
Entity Address Postal Zip Code	59873
City Area Code	406
Local Phone Number	827-3523
Security 12b Title	Common Stock, $0.01 par value
Trading Symbol	UAMY
Security Exchange Name	NYSE
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2023	Dec. 31, 2022
CURRENT ASSETS
Cash and cash equivalents	$ 13,686,927	$ 19,060,378
Certificates of deposit	259,856	259,857
Accounts receivable, net	1,307,974	784,457
Inventories	2,350,305	1,375,068
Prepaid expenses and other current assets	377,824	137,599
Total current assets	17,982,886	21,617,359
Properties, plants and equipment, net	13,010,639	12,128,124
Restricted cash for reclamation bonds	57,288	57,288
IVA receivable and other assets	1,218,500	897,679
Total assets	32,269,313	34,700,450
CURRENT LIABILITIES:
Accounts payable	407,130	628,803
Accrued liabilities	224,510	212,654
Accrued liabilities - directors	218,375	61,458
Royalties payable	45,359	435,075
Dividends payable	0	787,730
Long-term debt, current portion	82,573	94,150
Total current liabilities	977,947	2,219,870
NON-CURRENT LIABILITIES
Long-term debt, net of current portion	183,063	217,855
Stock payable to directors for services	43,750	61,459
Asset retirement obligations and accrued reclamation costs	338,747	332,011
Total liabilities	1,543,507	2,831,195
Preferred stock, $0.01 par value; 10,000,000 shares authorized:
Common stock, $0.01 par value; 150,000,000 shares authorized; 107,647,317 shares issued and outstanding at June 30, 2023 and 106,373,341shares issued and outstanding at December 31, 2022	1,076,472	1,063,732
Additional paid-in capital	63,853,836	64,052,630
Shares to be returned to treasury	0	(202,980)
Accumulated deficit	(34,213,781)	(33,070,332)
Total stockholders' equity	30,725,806	31,869,255
Total liabilities and stockholders' equity	32,269,313	34,700,450
Series B Preferred Stock [Member]
Preferred stock, $0.01 par value; 10,000,000 shares authorized:
Series A: 0 shares issued and outstanding	7,500	7,500
Series A Preferred Stock [Member]
Preferred stock, $0.01 par value; 10,000,000 shares authorized:
Series A: 0 shares issued and outstanding	0	0
Series C Preferred Stock [Member]
Preferred stock, $0.01 par value; 10,000,000 shares authorized:
Series A: 0 shares issued and outstanding	1,779	1,779
Series D Preferred Stock [Member]
Preferred stock, $0.01 par value; 10,000,000 shares authorized:
Series A: 0 shares issued and outstanding	$ 0	$ 16,926

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Common stock, par value	$ 0.01	$ 0.01
Common stock, authorized shares	150,000,000	150,000,000
Common stock, issued shares	107,647,317	106,373,341
Common stock, outstanding shares	107,647,317	106,373,341
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, authorized shares	10,000,000	10,000,000
Series B Preferred Stock [Member]
Preferred stock, issued shares	750,000	750,000
Preferred stock, outstanding shares	750,000	750,000
Preferred stock liquidation preference	$ 963,750	$ 960,000
Series A Preferred Stock [Member]
Preferred stock, issued shares	0	0
Preferred stock, outstanding shares	0	0
Series C Preferred Stock [Member]
Preferred stock, issued shares	177,904	177,904
Preferred stock, outstanding shares	177,904	177,904
Preferred stock liquidation preference	$ 97,847	$ 97,847
Series D Preferred Stock [Member]
Preferred stock, issued shares	0	1,692,672
Preferred stock, outstanding shares	0	1,692,672
Preferred stock liquidation preference	$ 0	$ 5,019,410

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
REVENUE	$ 2,503,573	$ 3,587,925	$ 4,714,417	$ 7,168,231
COST OF REVENUE	2,207,677	2,865,515	4,953,940	5,306,433
GROSS PROFIT (LOSS)	295,896	722,410	(239,523)	1,861,798
OPERATING EXPENSES
General and administrative	364,365	220,591	519,959	381,272
Salaries and benefits	145,412	72,912	273,104	146,047
Other operating expenses	43,003	14,045	151,348	17,960
Professional fees	253,205	47,927	338,011	170,004
TOTAL OPERATING EXPENSES	805,985	355,475	1,282,422	715,283
INCOME (LOSS) FROM OPERATIONS	(510,089)	366,935	(1,521,945)	1,146,515
OTHER INCOME (EXPENSE)
Interest and investment income	167,781	30,052	290,153	39,706
Change in fair value of investments	0	(93,458)	0	(93,458)
Trademark and licensing income	11,381	60,775	18,906	60,775
Other miscellaneous income (expense)	(5,538)	(3,081)	69,437	(6,063)
TOTAL OTHER INCOME (EXPENSE)	173,624	(5,712)	378,496	960
NET INCOME (LOSS)	(336,465)	361,223	(1,143,449)	1,147,475
Preferred dividends	(1,875)	(11,819)	(3,750)	(23,639)
Net income (loss) available to common stockholders	$ (338,340)	$ 349,404	$ (1,147,199)	$ 1,123,836
Net income (loss) per share of common stock
Basic and diluted	$ (0.01)	$ 0.01
Weighted average shares outstanding:
Basic	107,647,317	106,240,361	107,504,628	106,240,361
Diluted	107,647,317	106,240,361	107,504,628	106,240,361

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS EQUITY (UNAUDITED) - USD ($)	Total	Preferred Stock	Common Stock	Shares to be returned to treasury	Additional Paid-In Capital	Retained Earnings (Accumulated Deficit)
Balance, shares at Dec. 31, 2021		2,620,576	106,240,361
Balance, amount at Dec. 31, 2021	$ 32,368,803	$ 26,205	$ 1,062,402	$ 0	$ 63,991,459	$ (32,711,263)
Net income (loss)	786,252	$ 0	$ 0	0	0	786,252
Balance, shares at Mar. 31, 2022		2,620,576	106,240,361
Balance, amount at Mar. 31, 2022	33,155,055	$ 26,205	$ 1,062,402	0	63,991,459	(31,925,011)
Balance, shares at Dec. 31, 2021		2,620,576	106,240,361
Balance, amount at Dec. 31, 2021	32,368,803	$ 26,205	$ 1,062,402	0	63,991,459	(32,711,263)
Net income (loss)	1,147,475
Balance, shares at Jun. 30, 2022		2,620,576	106,240,361
Balance, amount at Jun. 30, 2022	33,516,278	$ 26,205	$ 1,062,402	0	63,991,459	(31,563,788)
Balance, shares at Mar. 31, 2022		2,620,576	106,240,361
Balance, amount at Mar. 31, 2022	33,155,055	$ 26,205	$ 1,062,402	0	63,991,459	(31,925,011)
Net income (loss)	361,223	$ 0	$ 0	0	0	361,223
Balance, shares at Jun. 30, 2022		2,620,576	106,240,361
Balance, amount at Jun. 30, 2022	33,516,278	$ 26,205	$ 1,062,402	0	63,991,459	(31,563,788)
Balance, shares at Dec. 31, 2022		2,620,576	106,373,341
Balance, amount at Dec. 31, 2022	31,869,255	$ 26,205	$ 1,063,732	(202,980)	64,052,630	(33,070,332)
Net income (loss)	(806,984)	0	$ 0	0	0	(806,984)
Common stock buyback and retirement, shares			418,696
Common stock buyback and retirement, amount	0	$ 0	$ (4,187)	202,980	(198,793)	0
Conversion of Preferred Series D to Common Stock, shares		(1,692,672)	1,692,672
Conversion of Preferred Series D to Common Stock, amount	0	$ (16,926)	$ 16,927	0	(1)	0
Balance, shares at Mar. 31, 2023		927,904	107,647,317
Balance, amount at Mar. 31, 2023	31,062,271	$ 9,279	$ 1,076,472	0	63,853,836	(33,877,316)
Balance, shares at Dec. 31, 2022		2,620,576	106,373,341
Balance, amount at Dec. 31, 2022	31,869,255	$ 26,205	$ 1,063,732	(202,980)	64,052,630	(33,070,332)
Net income (loss)	(1,143,449)
Balance, shares at Jun. 30, 2023		927,904	107,647,317
Balance, amount at Jun. 30, 2023	30,725,806	$ 9,279	$ 1,076,472	0	63,853,836	(34,213,781)
Balance, shares at Mar. 31, 2023		927,904	107,647,317
Balance, amount at Mar. 31, 2023	31,062,271	$ 9,279	$ 1,076,472	0	63,853,836	(33,877,316)
Net income (loss)	(336,465)	$ 0	$ 0	0	0	(336,465)
Balance, shares at Jun. 30, 2023		927,904	107,647,317
Balance, amount at Jun. 30, 2023	$ 30,725,806	$ 9,279	$ 1,076,472	$ 0	$ 63,853,836	$ (34,213,781)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (1,143,449)	$ 1,147,475
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:
Depreciation and amortization	465,341	451,207
Accretion of asset retirement obligation	6,736	11,412
Common stock payable for directors fees	0	75,000
Write down of inventory to net realizable value	456,238	136,836
Change in fair value of investments	0	93,458
Changes in operating assets and liabilities:
Accounts receivable, net	(523,517)	(713,346)
Inventories	(1,431,475)	328,380
Prepaid expenses and other current assets	(240,225)	(60,916)
IVA receivable and other assets	(320,820)	(86,442)
Accounts payable	(221,673)	(706,155)
Accrued liabilities	11,856	64,045
Accrued liabilities - directors	139,208	4,084
Royalties payable	(389,716)	0
Net cash provided (used) by operating activities	(3,191,496)	745,038
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of investments	0	(13,789,772)
Proceeds from sales of investments	0	396,921
Purchase of properties, plants and equipment	(1,347,856)	(382,999)
Net cash used by investing activities	(1,347,856)	(13,775,850)
CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments of long-term debt	(46,369)	(19,767)
Dividends paid	(787,730)	0
Net cash used by financing activities	(834,099)	(19,767)
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	(5,373,451)	(13,050,579)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	19,117,666	21,420,329
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	$ 13,744,215	8,369,750
NON-CASH FINANCING AND INVESTING ACTIVITIES:
Common stock retirement	202,980
Conversion of Preferred Series D to Common Stock	$ 16,927	0
Equipment purchased with note payable	$ 0	$ 161,600

NATURE OF OPERATIONS

NATURE OF OPERATIONS	6 Months Ended
	Jun. 30, 2023
NATURE OF OPERATIONS
NATURE OF OPERATIONS	NOTE 1 - NATURE OF OPERATIONS United States Antimony Corporation and its subsidiaries in the U.S. and Mexico (“USAC”, the “Company”, or “Our”) sell processed antimony, zeolite, and precious metals products in the U.S. and abroad. The Company processes antimony ore in the U.S. and Mexico primarily into antimony oxide and antimony metal at its facilities in Montana and Mexico. Our antimony oxide is used to form a flame-retardant system for plastics, rubber, fiberglass, textile goods, paints, coatings and paper, as a color fastener in paint, and as a phosphorescent agent in fluorescent light bulbs. Our antimony metal is used in bearings, storage batteries, and ordnance. In its operations in Idaho, the Company mines and processes zeolite, a group of industrial minerals used in soil amendment and fertilizer, water filtration, sewage treatment, nuclear waste and other environmental cleanup, odor control, gas separation, animal nutrition, and other miscellaneous applications.

BASIS OF PRESENTATION AND SIGNI

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2023
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES In the opinion of the Management, the accompanying unaudited condensed consolidated financial statements contain all adjustments, consisting of only normal recurring adjustments, necessary for a fair statement of its financial position as of June 30, 2023, and its results of operations and cash flows for the three and six months ended June 30, 2023 and 2022. The condensed consolidated balance sheet as of December 31, 2022, was derived from audited annual financial statements but does not contain all of the footnote disclosures from the annual financial statements. Operating results for the three and six-month periods ended June 30, 2023 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2023. These unaudited interim financial statements have been prepared by management in accordance with generally accepted accounting principles used in the United States of America (“U.S. GAAP”). These unaudited interim financial statements should be read in conjunction with the annual audited financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022 filed with the Securities and Exchange Commission on July 18, 2023. This summary of significant accounting policies of the Company is presented to assist in understanding the Company’s financial statements. These accounting policies conform to U.S. GAAP and have been consistently applied in the preparation of the financial statements. Reclassifications Certain reclassifications have been made to conform prior period amounts to the current presentation. These reclassifications have no effect on the results of operations, stockholders’ equity and cash flows as previously reported. Recent Accounting Pronouncements Management does not believe that any recently issued but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statements. Recently Adopted Accounting Pronouncements: In June 2016, No. 2016 13, Financial Instruments Credit Losses 326 Measurement of Credit Losses on Financial Instruments

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2023
Net income (loss) per share of common stock
EARNINGS PER SHARE	NOTE 3 – EARNINGS PER SHARE Basic Earnings Per Share (“EPS”) is computed as net income (loss) available to common stockholders divided by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur from common shares issuable through convertible preferred stock, stock options, and warrants. At June 30, 2023 and 2022, the potentially dilutive common stock equivalents not included in the calculation of diluted earnings per share as their effect would have been anti-dilutive were as follows: June 30, 2023 June 30, 2022 Warrants 12,346,215 12,489,922 Convertible preferred stock - 1,692,672 TOTAL POSSIBLE DILUTIVE SHARES 12,346,215 14,182,594

REVENUE RECOGNITION

REVENUE RECOGNITION	6 Months Ended
	Jun. 30, 2023
REVENUE RECOGNITION
REVENUE RECOGNITION	NOTE 4 – REVENUE RECOGNITION Products consist of the following: · Antimony: includes antimony oxide, sodium antimonate, antimony trisulfide, and antimony metal · Zeolite: includes coarse and fine zeolite crushed in various sizes · Precious metals: includes unrefined and refined gold and silver Sales of products for the three months ended June 30, 2023 and 2022 were as follows: For the three months ended June 30, 2023 June 30, 2022 Antimony $ 1,590,161 $ 2,472,081 Zeolite 787,091 1,020,391 Precious metals 126,321 95,453 TOTAL REVENUE $ 2,503,573 $ 3,587,925 Sales of products for the six months ended June 30, 2023 and 2022 were as follows: For the six months ended June 30, 2023 June 30, 2022 Antimony $ 3,202,800 $ 5,301,011 Zeolite 1,269,184 1,694,433 Precious metals 242,433 172,787 TOTAL REVENUE $ 4,714,417 $ 7,168,231 The Company’s trade accounts receivable balance related to contracts with customers was $1,307,974 at June 30, 2023 and $784,457 at December 31, 2022. The Company’s allowance for doubtful accounts related to trade accounts receivables was $75,000 at June 30, 2023 and $31,440 at December 31, 2022. The Company’s products do not involve any warranty agreements and product returns are not typical.

INVENTORIES

INVENTORIES	6 Months Ended
	Jun. 30, 2023
INVENTORIES
INVENTORIES	NOTE 5 – INVENTORIES Inventories at June 30, 2023 and December 31, 2022 consisted primarily of finished antimony products, antimony metal, antimony oxide, and antimony ore, and finished zeolite products. Inventories are stated at the lower of first-in, first-out cost or estimated net realizable value. Finished antimony products, metal and oxide, and finished zeolite products costs include raw materials, direct labor, processing facility overhead costs and freight. Inventories at June 30, 2023 and December 31, 2022 were as follows: June 30, 2023 December 31, 2022 Antimony Metal $ 464,756 $ 142,230 Antimony Oxide 323,466 509,643 Antimony Ore and Concentrates 1,102,832 545,373 Total antimony 1,891,054 1,197,246 Zeolite 459,251 177,822 TOTAL INVENTORIES $ 2,350,305 $ 1,375,068 At June 30, 2023 and December 31, 2022, inventories were valued at cost, except for the portion of inventory related to Mexican operations, which was valued at net realizable value because the production costs of the Mexican inventory were greater than the amount the Company expected to receive on the sale of antimony contained in inventory. The adjustment to inventory for net realizable value was $456,238 and $136,836 for the six months ended June 30, 2023 and 2022, respectively. Antimony oxide and metal inventory consisted of finished product held at the Company’s plants in Montana and Mexico. Antimony ore and concentrates were held primarily at sites in Mexico. The Company’s zeolite inventory consisted of saleable zeolite material at the Company’s plant in Idaho.

PROPERTIES PLANTS AND EQUIPMENT

PROPERTIES PLANTS AND EQUIPMENT	6 Months Ended
	Jun. 30, 2023
PROPERTIES PLANTS AND EQUIPMENT
PROPERTIES, PLANTS AND EQUIPMENT	NOTE 6 – PROPERTIES, PLANTS AND EQUIPMENT The major components of the Company’s properties, plants and equipment by segment at June 30, 2023 and December 31, 2022 were as follows: Antimony Segment Zeolite Segment Precious Metals June 30, 2023 USAC USAMSA BRZ Segment TOTAL Plant and equipment $ 1,822,775 $ 9,459,098 $ 5,436,097 $ 1,347,912 $ 18,065,882 Buildings 243,248 875,024 1,911,362 - 3,029,634 Land and other 2,431,387 2,856,037 16,753 - 5,304,177 Total 4,497,410 13,190,159 7,364,212 1,347,912 26,399,693 Accumulated depreciation (2,786,445 ) (6,487,717 ) (3,508,930 ) (605,962 ) (13,389,054 ) Properties, Plants, and Equipment, Net $ 1,710,965 $ 6,702,442 $ 3,855,282 $ 741,950 $ 13,010,639 Antimony Segment Zeolite Segment Precious Metals December 31, 2022 USAC USAMSA BRZ Segment TOTAL Plant and equipment $ 1,760,926 $ 9,090,860 $ 4,996,216 $ 1,347,912 $ 17,195,914 Buildings 243,248 870,534 1,047,023 - 2,160,805 Land and other 2,431,387 2,796,037 16,753 - 5,244,177 Construction in progress - 280,406 170,535 - 450,941 Total 4,435,561 13,037,837 6,230,527 1,347,912 25,051,837 Accumulated depreciation (2,767,803 ) (6,212,433 ) (3,392,861 ) (550,616 ) (12,923,713 ) Properties, Plants, and Equipment, Net $ 1,667,758 $ 6,825,404 $ 2,837,666 $ 797,296 $ 12,128,124 At June 30, 2023 and December 31, 2022, the Company had $280,406 and $1,117,041, respectively, of assets that were not yet placed in service and were not yet depreciated.

DEBT

DEBT	6 Months Ended
	Jun. 30, 2023
DEBT
DEBT	NOTE 7 – DEBT Long term debt at June 30, 2023 and December 31, 2022 was as follows: June 30, 2023 December 31, 2022 Promissory note payable to First Security Bank of Missoula, bearing interest at 2.25%, payable in 59 monthly installments of $1,409 with a final payment of $152,726 maturing November 9, 2026; collateralized by a lien on Certificate of Deposit $ 195,689 $ 201,908 Installment contract payable to Caterpillar Financial Services, bearing interest at 6.65%, payable in 24 monthly installments of $7,210 maturing April 28, 2024; collateralized by 2007 Caterpillar 740 articulated truck 69,947 110,097 Total debt 265,636 312,005 Less current portion of debt (82,573 ) (94,150 ) Long term portion of debt $ 183,063 $ 217,855 At June 30, 2023, principal payments on debt were due as follows: Twelve months ending June 30, Principal payment 2024 82,573 2025 12,924 2026 13,219 2027 156,920 $ 265,636

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2023
COMMITMENTS AND CONTINGENCIES (NOTE 8)
COMMITMENTS AND CONTINGENCIES	NOTE 8 – COMMITMENTS AND CONTINGENCIES The Company follows U.S. GAAP guidance in determining its accruals and disclosures with respect to loss contingencies and evaluates such accruals and contingencies for each reporting period. Accordingly, estimated losses from loss contingencies are accrued by a charge to income when information available prior to issuance of the financial statements indicates that it is probable that a loss could be incurred, and the amount of the loss can be reasonably estimated. Legal expenses associated with the contingency are expensed as incurred. If a loss contingency is not probable or reasonably estimable, disclosure of the loss contingency is made in the financial statements when it is at least reasonably possible that a material loss could be incurred. From time to time, the Company is assessed fines and penalties by the Mine Safety and Health Administration (“MSHA”). Using appropriate regulatory channels, management may contest these proposed assessments. At June 30, 2023 and December 31, 2022, the Company had no accrued liabilities relating to such assessments. The Company pays various royalties on the sale of zeolite products. On a combined basis, royalties generally vary around 8% to 13%. At June 30, 2023 and December 31, 2022, the Company had accrued royalties payable of $45,359 and $435,075, respectively. The decrease in royalties payable in 2023 was primarily due to the Company finalizing its estimates and paying a royalty obligation in 2023 that had been accumulating since 2016. On August 8, 2022, the Company executed a preliminary Purchase Option Agreement (the “Agreement”) with SB Wadley SA de CV (“Wadley”) whereby the Company leases, with an option to acquire, mining claims located in Mexico known as the Wadley Property. Under the Agreement, the Company agreed to pay Wadley eight monthly installments of $10,000 plus VAT for the right to mine and conduct geological and resource studies as due diligence and exploration on the Wadley Property. At the end of such eight-month period, should the Company choose to exercise its option to acquire following due diligence and assessment of geological and resource studies, the Company agreed to pay Wadley $2,230,000 and seven annual payments of $1,160,000. The due diligence period under the Agreement was extended to October 15, 2023. On October 12, 2023, the Company officially notified Wadley that it did not intend to acquire the Wadley Property and terminated this Agreement. During the fourth quarter of 2023, the Company expects to incur a loss on disposal of assets of approximately $140,000 related to the termination of this Agreement. Mexican Tax Assessment In 2015, the Mexican tax authority (“SAT”) initiated an audit of the USAMSA’s 2013 income tax return. In October 2016, as a result of its audit, SAT assessed the Company $13.8 million pesos, which was approximately $666,400 in U.S. Dollars (“USD”) as of December 31, 2016. SAT’s assessment was based on the disallowance of specific costs that the Company deducted on the 2013 USAMSA income tax return. The assessment was settled in 2018 with no assessment due from the Company. In early 2019, the Company was notified that SAT re-opened its assessment of USAMSA’s 2013 income tax return and, in November 2019, SAT assessed the Company $16.3 million pesos, which was approximately $795,000 USD as of December 31, 2021. Management reviewed the 2019 assessment notice from SAT and, similar to the earlier assessment, believes the findings have no merit. An appeal was filed by the Company in November 2019 suspending SAT from taking immediate action regarding the assessment. The Company posted a guarantee of the amount in March 2020 as is required under the appeal process. In August 2020, the Company filed a lawsuit against SAT for resolution of the process and, in December 2020, filed closing arguments. In 2022, the Mexican court ruled against the Company in the above matter. The Company subsequently appealed the ruling, which is still pending. As of June 30, 2023, the updated SAT assessment was approximately $21.6 million pesos, which was approximately $1,265,000 USD for $350,000 of unpaid income taxes and $915,000 of interest and penalties. Management along with its legal counsel assessed the possible outcomes for this tax audit and believes, based on discussions with its tax attorneys located in Mexico, that the more likely than not outcome will be that the Company will be successful in its appeal resulting in no tax due. Management determined that no amount should be accrued at June 30, 2023 or December 31, 2022 relating to this potential tax liability. There can be no assurance that the Company’s ultimate liability, if any, will not have a material adverse effect on the Company’s results of operations or financial position. If an issue addressed during the SAT audit is resolved in a manner inconsistent with management expectations, the Company will record changes to tax liabilities, recognize penalties in general and administrative expense, interest will be recorded as interest expense and record the tax expense associated with the assessment.

STOCKHOLDERS EQUITY

STOCKHOLDERS EQUITY	6 Months Ended
	Jun. 30, 2023
STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY	NOTE 9 – STOCKHOLDERS’ EQUITY On January 25, 2023, the holders of 1,692,672 shares of Series D Preferred stock converted their respective preferred shares and the Company issued 1,692,672 shares of common stock. The Company also paid the holders $787,730 for dividends payable as declared on November 28, 2022. 1,590,672 shares of the 1,692,672 shares of Series D Preferred stock that were converted and $740,261 of the $787,730 of dividends paid related to the estate of John Lawrence, who was a prior President and Chairman of the Company. On January 26, 2023, in conjunction with its share repurchase plan, the Company returned to treasury and cancelled 418,696 of its common shares which were repurchased prior to December 31, 2022 for $202,980. Common stock warrants No warrants were issued or exercised during the six months ended June 30, 2023 and 2022. The following summarizes warrant activity: Number of warrants Exercise prices Balance outstanding at June 30, 2023 and December 31, 2022 12,346,215 $ 0.75 The composition of the Company’s warrants outstanding at June 30, 2023 was as follows: Number of warrants Exercise Price Expiration Date Remaining life in years 2,285,715 0.46 7/31/2025 2.09 804,000 0.46 1/27/2026 2.58 7,650,000 0.85 8/3/2026 3.10 1,606,500 0.85 2/1/2026 2.59 12,346,215

BUSINESS SEGEMENTS

BUSINESS SEGEMENTS	6 Months Ended
	Jun. 30, 2023
BUSINESS SEGEMENTS
BUSINESS SEGEMENTS	NOTE 10 – BUSINESS SEGMENTS 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, Montana. 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, Montana, 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 customers are primarily to customers in Canada. Total Assets: June 30, 2023 December 31, 2022 Antimony United States $ 17,129,056 $ 21,636,386 Mexico 9,402,830 8,484,131 Subtotal antimony 26,531,886 30,120,517 Precious metals United States 201,338 172,004 Mexico 581,654 625,292 Subtotal precious metals 782,992 797,296 Zeolite 4,954,435 3,782,637 TOTAL ASSETS $ 32,269,313 $ 34,700,450 For the three months ended June 30, For the six months ended June 30, Capital expenditures 2023 2022 2023 2022 Antimony United States $ 58,299 $ 51,927 $ 61,849 $ 80,277 Mexico 38,754 10,724 152,322 11,565 Subtotal antimony 97,053 62,651 214,171 91,842 Precious metals - 9,138 - 17,518 Zeolite 636,033 299,865 1,133,685 435,239 Total capital expenditures $ 733,086 $ 371,654 $ 1,347,856 $ 544,599 Segment operations for the three months ended June 30, 2023 Antimony - USA Antimony -Mexico Total antimony Precious Metals Zeolite Total Total revenues $ 1,351,705 $ 238,456 $ 1,590,161 $ 126,321 $ 787,091 $ 2,503,573 Depreciation and amortization $ 10,362 $ 138,170 $ 148,532 $ 27,673 $ 64,895 $ 241,100 Income (loss) from operations $ (317,513) $ (315,076) $ (632,589) $ 98,648 $ 23,852 $ (510,089) Other income $ 173,624 NET LOSS $ (336,465) Segment operations for the three months ended June 30, 2022 Antimony - USA Antimony -Mexico Total antimony Precious Metals Zeolite Total Total revenues $ 1,644,259 $ 827,822 $ 2,472,081 $ 95,453 $ 1,020,391 $ 3,587,925 Depreciation and amortization $ 11,101 $ 143,736 $ 154,837 $ 27,674 $ 48,546 $ 231,057 Income from operations $ 120,636 $ 24,396 $ 145,032 $ 67,779 $ 154,124 $ 366,935 Other expense $ (5,712 ) NET INCOME $ 361,223 Segment operations for the six months ended June 30, 2023 Antimony - USA Antimony -Mexico Total antimony Precious Metals Zeolite Total Total revenues $ 2,964,344 $ 238,456 $ 3,202,800 $ 242,433 $ 1,269,184 $ 4,714,417 Depreciation and amortization $ 18,642 $ 275,284 $ 293,926 $ 55,346 $ 116,069 $ 465,341 Income (loss) from operations $ (255,441 ) $ (1,412,838 ) $ (1,668,279 ) $ 187,087 $ (40,753 ) $ (1,521,945 ) Other income $ 378,496 NET LOSS $ (1,143,449 ) Segment operations for the six months ended June 30, 2022 Antimony - USA Antimony -Mexico Total antimony Precious Metals Zeolite Total Total revenues $ 4,473,189 $ 827,822 $ 5,301,011 $ 172,787 $ 1,694,433 $ 7,168,231 Depreciation and amortization $ 20,570 $ 282,193 $ 302,763 $ 55,194 $ 93,250 $ 451,207 Income (loss) from operations $ 1,512,148 $ (659,641 ) $ 852,507 $ 117,593 $ 176,415 $ 1,146,515 Other income $ 960 NET INCOME $ 1,147,475

BASIS OF PRESENTATION AND SIG_2

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2023
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES
Reclassifications	Certain reclassifications have been made to conform prior period amounts to the current presentation. These reclassifications have no effect on the results of operations, stockholders’ equity and cash flows as previously reported.
Recent Accounting Pronouncements	Management does not believe that any recently issued but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statements. Recently Adopted Accounting Pronouncements: In June 2016, No. 2016 13, Financial Instruments Credit Losses 326 Measurement of Credit Losses on Financial Instruments

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2023
Net income (loss) per share of common stock
Antidilutive securities excluded from computation of earnings per share	June 30, 2023 June 30, 2022 Warrants 12,346,215 12,489,922 Convertible preferred stock - 1,692,672 TOTAL POSSIBLE DILUTIVE SHARES 12,346,215 14,182,594

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	6 Months Ended
	Jun. 30, 2023
REVENUE RECOGNITION
Sales of Products to Significant Customers	For the three months ended June 30, 2023 June 30, 2022 Antimony $ 1,590,161 $ 2,472,081 Zeolite 787,091 1,020,391 Precious metals 126,321 95,453 TOTAL REVENUE $ 2,503,573 $ 3,587,925 For the six months ended June 30, 2023 June 30, 2022 Antimony $ 3,202,800 $ 5,301,011 Zeolite 1,269,184 1,694,433 Precious metals 242,433 172,787 TOTAL REVENUE $ 4,714,417 $ 7,168,231

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Jun. 30, 2023
INVENTORIES
Schedule of Inventory Current	June 30, 2023 December 31, 2022 Antimony Metal $ 464,756 $ 142,230 Antimony Oxide 323,466 509,643 Antimony Ore and Concentrates 1,102,832 545,373 Total antimony 1,891,054 1,197,246 Zeolite 459,251 177,822 TOTAL INVENTORIES $ 2,350,305 $ 1,375,068

PROPERTIES PLANTS AND EQUIPME_2

PROPERTIES PLANTS AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2023
PROPERTIES PLANTS AND EQUIPMENT
Major components of the Company's properties, plants and equipment	Antimony Segment Zeolite Segment Precious Metals June 30, 2023 USAC USAMSA BRZ Segment TOTAL Plant and equipment $ 1,822,775 $ 9,459,098 $ 5,436,097 $ 1,347,912 $ 18,065,882 Buildings 243,248 875,024 1,911,362 - 3,029,634 Land and other 2,431,387 2,856,037 16,753 - 5,304,177 Total 4,497,410 13,190,159 7,364,212 1,347,912 26,399,693 Accumulated depreciation (2,786,445 ) (6,487,717 ) (3,508,930 ) (605,962 ) (13,389,054 ) Properties, Plants, and Equipment, Net $ 1,710,965 $ 6,702,442 $ 3,855,282 $ 741,950 $ 13,010,639 Antimony Segment Zeolite Segment Precious Metals December 31, 2022 USAC USAMSA BRZ Segment TOTAL Plant and equipment $ 1,760,926 $ 9,090,860 $ 4,996,216 $ 1,347,912 $ 17,195,914 Buildings 243,248 870,534 1,047,023 - 2,160,805 Land and other 2,431,387 2,796,037 16,753 - 5,244,177 Construction in progress - 280,406 170,535 - 450,941 Total 4,435,561 13,037,837 6,230,527 1,347,912 25,051,837 Accumulated depreciation (2,767,803 ) (6,212,433 ) (3,392,861 ) (550,616 ) (12,923,713 ) Properties, Plants, and Equipment, Net $ 1,667,758 $ 6,825,404 $ 2,837,666 $ 797,296 $ 12,128,124

DEBT (Tables)

DEBT (Tables)	6 Months Ended
	Jun. 30, 2023
DEBT
Long-term debt	June 30, 2023 December 31, 2022 Promissory note payable to First Security Bank of Missoula, bearing interest at 2.25%, payable in 59 monthly installments of $1,409 with a final payment of $152,726 maturing November 9, 2026; collateralized by a lien on Certificate of Deposit $ 195,689 $ 201,908 Installment contract payable to Caterpillar Financial Services, bearing interest at 6.65%, payable in 24 monthly installments of $7,210 maturing April 28, 2024; collateralized by 2007 Caterpillar 740 articulated truck 69,947 110,097 Total debt 265,636 312,005 Less current portion of debt (82,573 ) (94,150 ) Long term portion of debt $ 183,063 $ 217,855
Principal payments on debt	Twelve months ending June 30, Principal payment 2024 82,573 2025 12,924 2026 13,219 2027 156,920 $ 265,636

STOCKHOLDERS EQUITY (Tables)

STOCKHOLDERS EQUITY (Tables)	6 Months Ended
	Jun. 30, 2023
STOCKHOLDERS' EQUITY
Common stock warrant activity	Number of warrants Exercise prices Balance outstanding at June 30, 2023 and December 31, 2022 12,346,215 $ 0.75
Warrants outstanding	Number of warrants Exercise Price Expiration Date Remaining life in years 2,285,715 0.46 7/31/2025 2.09 804,000 0.46 1/27/2026 2.58 7,650,000 0.85 8/3/2026 3.10 1,606,500 0.85 2/1/2026 2.59 12,346,215

BUSINESS SEGEMENTS (Tables)

BUSINESS SEGEMENTS (Tables)	6 Months Ended
	Jun. 30, 2023
BUSINESS SEGEMENTS
Segment information	Total Assets: June 30, 2023 December 31, 2022 Antimony United States $ 17,129,056 $ 21,636,386 Mexico 9,402,830 8,484,131 Subtotal antimony 26,531,886 30,120,517 Precious metals United States 201,338 172,004 Mexico 581,654 625,292 Subtotal precious metals 782,992 797,296 Zeolite 4,954,435 3,782,637 TOTAL ASSETS $ 32,269,313 $ 34,700,450
Summary of capital expenditure	For the three months ended June 30, For the six months ended June 30, Capital expenditures 2023 2022 2023 2022 Antimony United States $ 58,299 $ 51,927 $ 61,849 $ 80,277 Mexico 38,754 10,724 152,322 11,565 Subtotal antimony 97,053 62,651 214,171 91,842 Precious metals - 9,138 - 17,518 Zeolite 636,033 299,865 1,133,685 435,239 Total capital expenditures $ 733,086 $ 371,654 $ 1,347,856 $ 544,599
Summary of segement operation	Segment operations for the three months ended June 30, 2023 Antimony - USA Antimony -Mexico Total antimony Precious Metals Zeolite Total Total revenues $ 1,351,705 $ 238,456 $ 1,590,161 $ 126,321 $ 787,091 $ 2,503,573 Depreciation and amortization $ 10,362 $ 138,170 $ 148,532 $ 27,673 $ 64,895 $ 241,100 Income (loss) from operations $ (317,513) $ (315,076) $ (632,589) $ 98,648 $ 23,852 $ (510,089) Other income $ 173,624 NET LOSS $ (336,465) Segment operations for the three months ended June 30, 2022 Antimony - USA Antimony -Mexico Total antimony Precious Metals Zeolite Total Total revenues $ 1,644,259 $ 827,822 $ 2,472,081 $ 95,453 $ 1,020,391 $ 3,587,925 Depreciation and amortization $ 11,101 $ 143,736 $ 154,837 $ 27,674 $ 48,546 $ 231,057 Income from operations $ 120,636 $ 24,396 $ 145,032 $ 67,779 $ 154,124 $ 366,935 Other expense $ (5,712 ) NET INCOME $ 361,223 Segment operations for the six months ended June 30, 2023 Antimony - USA Antimony -Mexico Total antimony Precious Metals Zeolite Total Total revenues $ 2,964,344 $ 238,456 $ 3,202,800 $ 242,433 $ 1,269,184 $ 4,714,417 Depreciation and amortization $ 18,642 $ 275,284 $ 293,926 $ 55,346 $ 116,069 $ 465,341 Income (loss) from operations $ (255,441 ) $ (1,412,838 ) $ (1,668,279 ) $ 187,087 $ (40,753 ) $ (1,521,945 ) Other income $ 378,496 NET LOSS $ (1,143,449 ) Segment operations for the six months ended June 30, 2022 Antimony - USA Antimony -Mexico Total antimony Precious Metals Zeolite Total Total revenues $ 4,473,189 $ 827,822 $ 5,301,011 $ 172,787 $ 1,694,433 $ 7,168,231 Depreciation and amortization $ 20,570 $ 282,193 $ 302,763 $ 55,194 $ 93,250 $ 451,207 Income (loss) from operations $ 1,512,148 $ (659,641 ) $ 852,507 $ 117,593 $ 176,415 $ 1,146,515 Other income $ 960 NET INCOME $ 1,147,475

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
TOTAL POSSIBLE DILUTIVE SHARES	$ 12,346,215	$ 14,182,594
Convertible Preferred Stock Member
TOTAL POSSIBLE DILUTIVE SHARES		1,692,672
Warrants
TOTAL POSSIBLE DILUTIVE SHARES	12,346,215	12,489,922

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenue	$ 2,503,573	$ 3,587,925	$ 4,714,417	$ 7,168,231
Antimony [Member]
Revenue	1,590,161	2,472,081	3,202,800	5,301,011
Zeolite [Member]
Revenue	787,091	1,020,391	1,269,184	1,694,433
Precious Metals
Revenue	$ 126,321	$ 95,453	$ 242,433	$ 172,787

REVENUE RECOGNITION (Details Na

REVENUE RECOGNITION (Details Narrative) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
REVENUE RECOGNITION
Trade accounts receivable balance related to contracts with customers	$ 1,307,974	$ 784,457
Doubtful related trade accounts receivables	$ 75,000	$ 31,440

INVENTORIES (Details)

INVENTORIES (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Inventories	$ 2,350,305	$ 1,375,068
Antimony [Member]
Inventories	1,891,054	1,197,246
Antimony Ore Concentrates [Member]
Inventories	1,102,832	545,373
Zeolite Products [Member]
Inventories	459,251	177,822
Antimony Oxides [Member]
Inventories	323,466	509,643
Antimony Metals [Member]
Inventories	$ 464,756	$ 142,230

INVENTORIES (Details Narrative)

INVENTORIES (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
INVENTORIES
Write down of inventory to net realizable value	$ 456,238	$ 136,836

PROPERTIES PLANTS AND EQUIPME_3

PROPERTIES PLANTS AND EQUIPMENT (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Plant and equipment	$ 18,065,882	$ 17,195,914
Buildings	3,029,634	2,160,805
Land and other	5,304,177	5,244,177
Construction in progress		450,941
Plants and equipment net	26,399,693	25,051,837
Accumulated Deprecation	(13,389,054)	(12,923,713)
Property plant and equipment ,net	13,010,639	12,128,124
Antimony Segment USAC
Plant and equipment	1,822,775	1,760,926
Buildings	243,248	243,248
Land and other	2,431,387	2,431,387
Construction in progress		0
Plants and equipment net	4,497,410	4,435,561
Accumulated Deprecation	(2,786,445)	(2,767,803)
Property plant and equipment ,net	1,710,965	1,667,758
Antimony Segment USAMSA
Plant and equipment	9,459,098	9,090,860
Buildings	875,024	870,534
Land and other	2,856,037	2,796,037
Construction in progress		280,406
Plants and equipment net	13,190,159	13,037,837
Accumulated Deprecation	(6,487,717)	(6,212,433)
Property plant and equipment ,net	6,702,442	6,825,404
Zeolite Segment BRZ
Plant and equipment	5,436,097	4,996,216
Buildings	1,911,362	1,047,023
Land and other	16,753	16,753
Construction in progress		170,535
Plants and equipment net	7,364,212	6,230,527
Accumulated Deprecation	(3,508,930)	(3,392,861)
Property plant and equipment ,net	3,855,282	2,837,666
Precious Metals Segment
Plant and equipment	1,347,912	1,347,912
Buildings	0	0
Land and other	0	0
Construction in progress		0
Plants and equipment net	1,347,912	1,347,912
Accumulated Deprecation	(605,962)	(550,616)
Property plant and equipment ,net	$ 741,950	$ 797,296

PROPERTIES PLANTS AND EQUIPME_4

PROPERTIES PLANTS AND EQUIPMENT (Details Narrative) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
PROPERTIES PLANTS AND EQUIPMENT
Assets not yet placed in service	$ 280,406	$ 1,117,041

DEBT (Details)

DEBT (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Long term debt	$ 265,636	$ 312,005
Less current portion	(82,573)	(94,150)
Long term portion	183,063	217,855
First Security Bank of Missoula [Member]
Long term debt	195,689	201,908
Caterpillar Financial Services [Member]
Long term debt	$ 69,947	$ 110,097

DEBT (Details 1)

DEBT (Details 1) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
DEBT
2023	$ 82,573
2024	12,924
2025	13,219
2026	156,920
Long term debt	$ 265,636	$ 312,005

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)		1 Months Ended		6 Months Ended
	Aug. 08, 2022	Nov. 30, 2019	Dec. 31, 2016	Jun. 30, 2023	Dec. 31, 2022
Accrued royalties payable				$ 45,359	$ 435,075
Mexican Tax Assessment [Member]
Description of Unpaid income tax return		In early 2019, the Company was notified that SAT re-opened its assessment of USAMSA’s 2013 income tax return and, in November 2019, SAT assessed the Company $16.3 million pesos, which was approximately $795,000 USD	In October 2016, as a result of its audit, SAT assessed the Company $13.8 million pesos, which was approximately $666,400 in U.S. Dollars	the updated SAT assessment was approximately $21.6 million pesos, which was approximately $1,265,000 USD for $350,000 of unpaid income taxes and $915,000 of interest and penalties
Wadley Property [Member]
Monthly instatllments	$ 10,000
Description of agreement	the Company agreed to pay Wadley $2,230,000 and seven annual payments of $1,160,000. The due diligence period under the Agreement was extended to October 15, 2023
Minimum [Member]
Royalties vary				8%
Maximum [Member]
Royalties vary				13%

Stockholders Equity (Details)

Stockholders Equity (Details)	Jun. 30, 2023 $ / shares shares
STOCKHOLDERS' EQUITY
Number of warrants | shares	12,346,215
Warrant exercise price | $ / shares	$ 0.75

Stockholders Equity (Details 1)

Stockholders Equity (Details 1)	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Warrants
Number of warrants	12,346,215
Warrant 1
Number of warrants	2,285,715
Exercise Price | $ / shares	$ 0.46
Remaining life	2 years 1 month 2 days
Expiration date	Jul. 31, 2025
Warrant 2
Number of warrants	804,000
Exercise Price | $ / shares	$ 0.46
Remaining life	2 years 6 months 29 days
Expiration date	Jan. 27, 2026
Warrant 3
Number of warrants	7,650,000
Exercise Price | $ / shares	$ 0.85
Remaining life	3 years 1 month 6 days
Expiration date	Aug. 03, 2026
Warrant 4
Number of warrants	1,606,500
Exercise Price | $ / shares	$ 0.85
Remaining life	2 years 7 months 2 days
Expiration date	Feb. 01, 2026

Stockholders Equity (Details Na

Stockholders Equity (Details Narrative) - USD ($)	1 Months Ended
	Jan. 26, 2023	Jun. 30, 2023	Jan. 25, 2023	Dec. 31, 2022
Cash paid to shareholders			$ 787,730
Description of returned of shares	the Company returned to treasury and cancelled 418,696 of its common shares which were repurchased prior to December 31, 2022 for $202,980
Common stock, issued shares		107,647,317	1,692,672	106,373,341
Preferred Stock D Series [Member]
Cash paid to shareholders			$ 787,730
Preferred stock, issued shares			1,692,672

Business Segments (Details)

Business Segments (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Total assets	$ 32,269,313	$ 34,700,450
Zeolite [Member]
Total assets	4,954,435	3,782,637
Mexico Antimony
Total assets	9,402,830	8,484,131
Subtotal Antimony
Total assets	26,531,886	30,120,517
United States Precious metals
Total assets	201,338	172,004
Mexico Precious metals
Total assets	581,654	625,292
Subtotal Precious Metals
Total assets	782,992	797,296
United States Antimony
Total assets	$ 17,129,056	$ 21,636,386

Business Segments (Details 1)

Business Segments (Details 1) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Capital expenditures	$ 733,086	$ 371,654	$ 1,347,856	$ 544,599
Zeolite [Member]
Capital expenditures	636,033	299,865	1,133,685	435,239
Mexico Antimony
Capital expenditures	38,754	10,724	152,322	11,565
Subtotal Antimony
Capital expenditures	97,053	62,651	214,171	91,842
Subtotal Precious Metals
Capital expenditures	0	9,138	0	17,518
United States Antimony
Capital expenditures	$ 58,299	$ 51,927	$ 61,849	$ 80,277

Business Segments (Details 2)

Business Segments (Details 2) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
REVENUE	$ 2,503,573		$ 3,587,925		$ 4,714,417	$ 7,168,231
Depreciation and amortization	241,100		231,057		465,341	451,207
Income (loss) from operations	(510,089)		366,935		(1,521,945)	1,146,515
Other income (expense)	173,624		(5,712)		378,496	960
Net income (loss)	(336,465)	$ (806,984)	361,223	$ 786,252	(1,143,449)	1,147,475
Zeolite [Member]
REVENUE	787,091		1,020,391		1,269,184	1,694,433
Depreciation and amortization	64,895		48,546		116,069	93,250
Income (loss) from operations	23,852		154,124		(40,753)	176,415
Other income (expense)					0
Net income (loss)					0
Precious Metals
REVENUE	126,321		95,453		242,433	172,787
Depreciation and amortization	27,673		27,674		55,346	55,194
Income (loss) from operations	98,648		67,779		187,087	117,593
Other income (expense)					0
Net income (loss)					0
Mexico Antimony
REVENUE	238,456		827,822		238,456	827,822
Depreciation and amortization	138,170		143,736		275,284	282,193
Income (loss) from operations	(315,076)		24,396		(1,412,838)	(659,641)
Other income (expense)					0
Net income (loss)					0
United States Antimony
REVENUE	1,351,705		1,644,259		2,964,344	4,473,189
Depreciation and amortization	10,362		11,101		18,642	20,570
Income (loss) from operations	(317,513)		120,636		(255,441)	1,512,148
Other income (expense)					0
Net income (loss)					0
Total Antimony
REVENUE	1,590,161		2,472,081		3,202,800	5,301,011
Depreciation and amortization	148,532		154,837		293,926	302,763
Income (loss) from operations	$ (632,589)		$ 145,032		(1,668,279)	$ 852,507
Other income (expense)					0
Net income (loss)					$ 0