United States Antimony (UAMY) 10-Q 13 Nov 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2023	Nov. 10, 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	Sep. 30, 2023
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q3
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 ($)	Sep. 30, 2023	Dec. 31, 2022
CURRENT ASSETS:
Cash and cash equivalents	$ 12,864,992	$ 19,060,378
Certificates of deposit	259,856	259,857
Accounts receivable, net	1,390,437	784,457
Inventories	1,876,555	1,375,068
Prepaid expenses and other current assets	236,966	137,599
Total current assets	16,628,806	21,617,359
Properties, plants and equipment, net	12,933,542	12,128,124
Restricted cash for reclamation bonds	57,288	57,288
IVA receivable and other assets	1,307,094	897,679
Total assets	30,926,730	34,700,450
CURRENT LIABILITIES:
Accounts payable	606,300	628,803
Accrued liabilities	224,151	212,654
Accrued liabilities - directors	279,244	61,458
Royalties payable	107,937	435,075
Dividends payable	0	787,730
Long-term debt, current portion	62,064	94,150
Total current liabilities	1,279,696	2,219,870
NON-CURRENT LIABILITIES:
Long-term debt, net of current portion	179,892	217,855
Stock payable to directors for services	43,750	61,459
Asset retirement obligations and accrued reclamation costs	342,114	332,011
Total liabilities	1,845,452	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 September 30, 2023 and 106,373,341 shares 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	(35,858,309)	(33,070,332)
Total stockholders' equity	29,081,278	31,869,255
Total liabilities and stockholders' equity	30,926,730	34,700,450
Series A Preferred Stock [Member]
Preferred stock, $0.01 par value; 10,000,000 shares authorized:
Preferred stock, value	0	0
Series B Preferred Stock [Member]
Preferred stock, $0.01 par value; 10,000,000 shares authorized:
Preferred stock, value	7,500	7,500
Series C Preferred Stock [Member]
Preferred stock, $0.01 par value; 10,000,000 shares authorized:
Preferred stock, value	1,779	1,779
Series D Preferred Stock [Member]
Preferred stock, $0.01 par value; 10,000,000 shares authorized:
Preferred stock, value	$ 0	$ 16,926

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Sep. 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 A Preferred Stock [Member]
Preferred stock, issued shares	0	0
Preferred stock, outstanding shares	0	0
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	$ 965,625	$ 960,000
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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
REVENUE	$ 2,313,491	$ 2,463,984	$ 7,027,908	$ 9,624,611
COST OF REVENUE	3,374,563	2,033,066	8,328,503	7,339,499
GROSS PROFIT (LOSS)	(1,061,072)	430,918	(1,300,595)	2,285,112
OPERATING EXPENSES
General and administrative	301,077	108,538	821,036	489,810
Salaries and benefits	228,967	76,811	502,071	222,858
Other operating expenses	66,637	91,405	217,985	109,365
Professional fees	166,808	93,678	504,819	263,682
TOTAL OPERATING EXPENSES	763,489	370,432	2,045,911	1,085,715
INCOME (LOSS) FROM OPERATIONS	(1,824,561)	60,486	(3,346,506)	1,199,397
OTHER INCOME (EXPENSE)
Interest and investment income	176,656	15,064	466,809	54,770
Change in fair value of investments	0	(25,840)	0	(119,298)
Trademark and licensing income	6,117	4,899	25,023	65,674
Other miscellaneous income (expense)	(2,740)	(4,207)	66,697	(10,270)
TOTAL OTHER INCOME (EXPENSE)	180,033	(10,084)	558,529	(9,124)
NET INCOME (LOSS)	(1,644,528)	50,402	(2,787,977)	1,190,273
Preferred dividends	(1,875)	(11,819)	(5,625)	(35,458)
Net income (loss) available to common stockholders	$ (1,646,403)	$ 38,583	$ (2,793,602)	$ 1,154,815
Net income (loss) per share of common stock:
Basic and diluted	$ (0.02)	$ (0.03)	$ 0.01	$ 0
Weighted average shares outstanding:
Basic	106,293,842	107,647,317	106,258,384	107,519,786
Diluted	106,293,842	107,647,317	106,258,384	107,519,786

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	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	1,190,273
Balance, shares at Sep. 30, 2022		2,620,576	106,373,341
Balance, amount at Sep. 30, 2022	33,621,577	$ 26,205	$ 1,062,535	0	64,053,827	(31,520,990)
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	353,619	$ 0	$ 0	0	0	353,619
Balance, shares at Jun. 30, 2022		2,620,576	106,240,361
Balance, amount at Jun. 30, 2022	33,508,674	$ 26,205	$ 1,062,402	0	63,991,459	(31,571,392)
Net income	50,402	0	$ 0	0	0	50,402
Issuance of common stock for director fees, shares			132,980
Issuance of common stock for director fees, amount	62,501	$ 0	$ 133	0	62,368	0
Balance, shares at Sep. 30, 2022		2,620,576	106,373,341
Balance, amount at Sep. 30, 2022	33,621,577	$ 26,205	$ 1,062,535	0	64,053,827	(31,520,990)
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	(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	(2,787,977)
Balance, shares at Sep. 30, 2023		927,904	107,647,317
Balance, amount at Sep. 30, 2023	29,081,278	$ 9,279	$ 1,076,472	0	63,853,836	(35,858,309)
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	(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)
Net income	(1,644,528)	$ 0	$ 0	0	0	(1,644,528)
Balance, shares at Sep. 30, 2023		927,904	107,647,317
Balance, amount at Sep. 30, 2023	$ 29,081,278	$ 9,279	$ 1,076,472	$ 0	$ 63,853,836	$ (35,858,309)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (2,787,977)	$ 1,190,273
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:
Depreciation and amortization	714,302	693,990
Accretion of asset retirement obligation	10,103	14,589
Write down of inventory to net realizable value	883,390	409,919
Provision for losses on receivables	43,560	0
Change in fair value of investments	0	119,298
Changes in operating assets and liabilities:
Accounts receivable, net	(649,540)	(559,000)
Inventories	(1,384,877)	(182,457)
Prepaid expenses and other current assets	(99,367)	(187,937)
IVA receivable and other assets	(409,414)	(605,047)
Accounts payable	(22,503)	(923,490)
Accrued liabilities	11,497	530
Accrued liabilities - directors	200,077	52,248
Royalties payable	(327,138)	0
Net cash provided (used) by operating activities	(3,817,887)	22,916
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of investments	0	(13,500,000)
Proceeds from sales of investments	0	407,149
Purchase of properties, plants and equipment	(1,519,720)	(592,221)
Net cash used by investing activities	(1,519,720)	(13,685,072)
CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments of long-term debt	(70,049)	(42,080)
Dividends paid	787,730	0
Net cash used by financing activities	(857,779)	(42,080)
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	(6,195,386)	(13,704,236)
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	$ 12,922,280	7,716,093
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
Issuance of common stock for directors fees	$ 0	$ 62,501

NATURE OF OPERATIONS

NATURE OF OPERATIONS	9 Months Ended
	Sep. 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”, “Our”, or “we”) 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	9 Months Ended
	Sep. 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 September 30, 2023, and its results of operations and cash flows for the three and nine months ended September 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 nine-month periods ended September 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	9 Months Ended
	Sep. 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 September 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: September 30, September 30, 2023 2022 Warrants 12,346,215 12,346,215 Convertible preferred stock - 1,692,672 TOTAL POSSIBLE DILUTIVE SHARES 12,346,215 14,038,887

REVENUE RECOGNITION

REVENUE RECOGNITION	9 Months Ended
	Sep. 30, 2023
REVENUE RECOGNITION
REVENUE RECOGNITION	NOTE 4 – REVENUE RECOGNITION Products consist of the following: · Antimony: includes antimony oxide, 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 September 30, 2023 and 2022 were as follows: For the three months ended September 30, September 30, 2023 2022 Antimony $ 1,641,666 $ 1,671,301 Zeolite 671,825 792,683 Precious metals - - TOTAL REVENUE $ 2,313,491 $ 2,463,984 Sales of products for the nine months ended September 30, 2023 and 2022 were as follows: For the nine months ended September 30, September 30, 2023 2022 Antimony $ 4,844,466 $ 6,972,312 Zeolite 1,941,009 2,487,116 Precious metals 242,433 165,183 TOTAL REVENUE $ 7,027,908 $ 9,624,611 The Company’s trade accounts receivable balance related to contracts with customers was $1,390,437 at September 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 September 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	9 Months Ended
	Sep. 30, 2023
INVENTORIES
INVENTORIES	NOTE 5 – INVENTORIES Inventories at September 30, 2023 and December 31, 2022 consisted primarily of finished antimony metal and oxide products, antimony ore and concentrates, and finished zeolite products. Inventories are stated at the lower of first-in, first-out cost or estimated net realizable value. Finished antimony metal and oxide products and finished zeolite products costs include raw materials, direct labor, processing facility overhead costs and freight. Inventories at September 30, 2023 and December 31, 2022 were as follows: September 30, 2023 December 31, 2022 Antimony Metal $ 503,873 $ 142,230 Antimony Oxide 128,945 509,643 Antimony Ore and Concentrates 867,049 545,373 Total antimony $ 1,499,867 $ 1,197,246 Zeolite 376,688 177,822 TOTAL INVENTORIES $ 1,876,555 $ 1,375,068 At September 30, 2023 and December 31, 2022, inventories were valued at cost, except for 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 $883,390 and $409,919 for the nine months ended September 30, 2023 and 2022, respectively. The adjustment to inventory for net realizable value was $427,152 and $273,083 for the three months ended September 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	9 Months Ended
	Sep. 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 September 30, 2023 and December 31, 2022 were as follows: Antimony Segment Zeolite Segment Precious Metals September 30, 2023 USAC USAMSA BRZ Segment TOTAL Plant and equipment $ 1,822,775 $ 9,459,098 $ 5,464,280 $ 1,347,912 $ 18,094,065 Buildings 243,248 875,024 2,025,043 - 3,143,315 Land and other 2,431,387 2,886,037 16,753 - 5,334,177 Total $ 4,497,410 $ 13,220,159 $ 7,506,076 $ 1,347,912 $ 26,571,557 Accumulated depreciation (2,796,806 ) (6,625,450 ) (3,582,124 ) (633,635 ) (13,638,015 ) Properties, Plants, and Equipment, Net $ 1,700,604 $ 6,594,709 $ 3,923,952 $ 714,277 $ 12,933,542 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

DEBT	9 Months Ended
	Sep. 30, 2023
DEBT
DEBT	NOTE 7 – DEBT Long term debt at September 30, 2023 and December 31, 2022 was as follows: September 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 $ 192,589 $ 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 49,367 110,097 Total debt $ 241,956 $ 312,005 Less current portion of debt (62,064 ) (94,150 ) Long term portion of debt $ 179,892 $ 217,855 At September 30, 2023, principal payments on debt were due as follows: Twelve months ending September 30, Principal payment 2024 $ 62,064 2025 $ 12,998 2026 $ 13,293 2027 $ 153,601 $ 241,956

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 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. Historically, 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 September 30, 2023 and December 31, 2022, the Company had no accrued liabilities relating to such assessments. Bear River Zeolite Company (“BRZ”), a wholly owned subsidiary of the Company, received twelve significant and substantial citations from MSHA in September and October of 2023. BRZ rectified the matters noted in eight of the twelve citations and received termination dates for these eight citations from MSHA. The Company is working to rectify the four remaining citations; however, the outcome of these citations as well as the impact on the Company’s results of operations or financial position is unknown. The Company pays various royalties that, on a combined basis, generally vary around 8% to 13% of zeolite products sold. At September 30, 2023 and December 31, 2022, the Company had accrued royalties payable of $107,937 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. 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 September 30, 2023, the updated SAT assessment was approximately $22 million pesos, which was approximately $1,262,000 USD, comprising $343,000 of unpaid income taxes and $919,000 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 most likely 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 September 30, 2023 or December 31, 2022 relating to this potential tax liability. However, 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 the SAT audit is resolved in a manner inconsistent with management expectations, the Company will record changes to tax liabilities and tax expense associated with the assessment. Also, the Company will recognize penalties associated with the assessment in general and administrative expense and interest associated with the assessment will be recorded as interest expense.

STOCKHOLDERS EQUITY

STOCKHOLDERS EQUITY	9 Months Ended
	Sep. 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, expired, or exercised during the nine months ended September 30, 2023 and 2022. The composition of the Company’s warrants outstanding at September 30, 2023 and December 31, 2022 were as follows: Number of warrants Exercise Price Expiration Date Remaining life in years 2,285,715 0.46 7/31/25 1.84 804,000 0.46 1/27/26 2.33 7,650,000 0.85 8/3/26 2.84 1,606,500 0.85 2/1/26 2.34 12,346,215

BUSINESS SEGEMENTS

BUSINESS SEGEMENTS	9 Months Ended
	Sep. 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 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: September 30, December 31, 2023 2022 Antimony United States $ 16,253,362 $ 21,636,386 Mexico 9,100,457 8,484,131 Subtotal antimony $ 25,353,819 $ 30,120,517 Precious metals United States 201,338 172,004 Mexico 553,981 625,292 Subtotal precious metals $ 755,319 $ 797,296 Zeolite $ 4,817,592 $ 3,782,637 TOTAL ASSETS $ 30,926,730 $ 34,700,450 Capital expenditures: For the three months ended September 30, For the nine months ended September 30, 2023 2022 2023 2022 Antimony United States $ - $ 1,655 $ 61,849 $ 81,931 Mexico 30,000 151,559 182,322 163,125 Subtotal antimony $ 30,000 $ 153,214 $ 244,171 $ 245,056 Precious metals - - - 17,518 Zeolite 141,864 56,008 1,275,549 491,247 Total capital expenditures $ 171,864 $ 209,222 $ 1,519,720 $ 753,821 Segment operations for the three months ended September 30, 2023 Antimony - USA Antimony -Mexico Total Antimony Precious Metals Zeolite Total Total revenues $ 1,391,733 $ 249,933 $ 1,641,666 $ - $ 671,825 $ 2,313,491 Depreciation and amortization $ 10,360 $ 137,735 $ 148,095 $ 27,673 $ 73,193 $ 248,961 Income (loss) from operations $ 47,534 $ (1,465,000 ) $ (1,417,466 ) $ (27,673 ) $ (379,422 ) $ (1,824,561 ) Other income $ 180,033 NET LOSS $ (1,644,528 ) Segment operations for the three months ended September 30, 2022 Antimony - USA Antimony -Mexico Total Antimony Precious Metals Zeolite Total Total revenues $ 1,671,301 $ - $ 1,671,301 $ - $ 792,683 $ 2,463,984 Depreciation and amortization $ 10,262 $ 154,238 $ 164,500 $ 27,673 $ 50,610 $ 242,783 Income (loss) from operations $ 802,817 $ (817,746 ) $ (14,929 ) $ (27,763 ) $ 103,088 $ 60,486 Other expense $ (10,084 ) NET INCOME $ 50,402 Segment operations for the nine months ended September 30, 2023 Antimony - USA Antimony -Mexico Total Antimony Precious Metals Zeolite Total Total revenues $ 4,356,077 $ 488,389 $ 4,844,466 $ 242,433 $ 1,941,009 $ 7,027,908 Depreciation and amortization $ 29,002 $ 413,019 $ 442,021 $ 83,019 $ 189,262 $ 714,302 Income (loss) from operations $ (207,907 ) $ (2,877,838 ) $ (3,085,745 ) $ 159,414 $ (420,175 ) $ (3,346,506 ) Other income $ 558,529 NET LOSS $ (2,787,977 ) Segment operations for the nine months ended September 30, 2022 Antimony - USA Antimony -Mexico Total Antimony Precious Metals Zeolite Total Total revenues $ 6,144,490 $ 827,822 $ 6,972,312 $ 165,183 $ 2,487,116 $ 9,624,611 Depreciation and amortization $ 30,832 $ 436,431 $ 467,263 $ 82,867 $ 143,860 $ 693,990 Income (loss) from operations $ 2,314,965 $ (1,477,387 ) $ 837,578 $ 82,316 $ 279,503 $ 1,199,397 Other expense $ (9,124 ) NET INCOME $ 1,190,273

BASIS OF PRESENTATION AND SIG_2

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 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)	9 Months Ended
	Sep. 30, 2023
Net income (loss) per share of common stock:
Antidilutive securities excluded from computation of earnings per share	September 30, September 30, 2023 2022 Warrants 12,346,215 12,346,215 Convertible preferred stock - 1,692,672 TOTAL POSSIBLE DILUTIVE SHARES 12,346,215 14,038,887

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	9 Months Ended
	Sep. 30, 2023
REVENUE RECOGNITION
Sales of Products to Significant Customers	For the three months ended September 30, September 30, 2023 2022 Antimony $ 1,641,666 $ 1,671,301 Zeolite 671,825 792,683 Precious metals - - TOTAL REVENUE $ 2,313,491 $ 2,463,984 For the nine months ended September 30, September 30, 2023 2022 Antimony $ 4,844,466 $ 6,972,312 Zeolite 1,941,009 2,487,116 Precious metals 242,433 165,183 TOTAL REVENUE $ 7,027,908 $ 9,624,611

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Sep. 30, 2023
INVENTORIES
Schedule of Inventory Current	September 30, 2023 December 31, 2022 Antimony Metal $ 503,873 $ 142,230 Antimony Oxide 128,945 509,643 Antimony Ore and Concentrates 867,049 545,373 Total antimony $ 1,499,867 $ 1,197,246 Zeolite 376,688 177,822 TOTAL INVENTORIES $ 1,876,555 $ 1,375,068

PROPERTIES PLANTS AND EQUIPME_2

PROPERTIES PLANTS AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2023
PROPERTIES PLANTS AND EQUIPMENT
Major components of the Company's properties, plants and equipment	Antimony Segment Zeolite Segment Precious Metals September 30, 2023 USAC USAMSA BRZ Segment TOTAL Plant and equipment $ 1,822,775 $ 9,459,098 $ 5,464,280 $ 1,347,912 $ 18,094,065 Buildings 243,248 875,024 2,025,043 - 3,143,315 Land and other 2,431,387 2,886,037 16,753 - 5,334,177 Total $ 4,497,410 $ 13,220,159 $ 7,506,076 $ 1,347,912 $ 26,571,557 Accumulated depreciation (2,796,806 ) (6,625,450 ) (3,582,124 ) (633,635 ) (13,638,015 ) Properties, Plants, and Equipment, Net $ 1,700,604 $ 6,594,709 $ 3,923,952 $ 714,277 $ 12,933,542 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)	9 Months Ended
	Sep. 30, 2023
DEBT
Long-term debt	September 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 $ 192,589 $ 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 49,367 110,097 Total debt $ 241,956 $ 312,005 Less current portion of debt (62,064 ) (94,150 ) Long term portion of debt $ 179,892 $ 217,855
Principal payments on debt	Twelve months ending September 30, Principal payment 2024 $ 62,064 2025 $ 12,998 2026 $ 13,293 2027 $ 153,601 $ 241,956

STOCKHOLDERS EQUITY (Tables)

STOCKHOLDERS EQUITY (Tables)	9 Months Ended
	Sep. 30, 2023
STOCKHOLDERS' EQUITY:
Warrants outstanding	Number of warrants Exercise Price Expiration Date Remaining life in years 2,285,715 0.46 7/31/25 1.84 804,000 0.46 1/27/26 2.33 7,650,000 0.85 8/3/26 2.84 1,606,500 0.85 2/1/26 2.34 12,346,215

BUSINESS SEGEMENTS (Tables)

BUSINESS SEGEMENTS (Tables)	9 Months Ended
	Sep. 30, 2023
BUSINESS SEGEMENTS
Segment information	Total Assets: September 30, December 31, 2023 2022 Antimony United States $ 16,253,362 $ 21,636,386 Mexico 9,100,457 8,484,131 Subtotal antimony $ 25,353,819 $ 30,120,517 Precious metals United States 201,338 172,004 Mexico 553,981 625,292 Subtotal precious metals $ 755,319 $ 797,296 Zeolite $ 4,817,592 $ 3,782,637 TOTAL ASSETS $ 30,926,730 $ 34,700,450
Summary of capital expenditure	Capital expenditures: For the three months ended September 30, For the nine months ended September 30, 2023 2022 2023 2022 Antimony United States $ - $ 1,655 $ 61,849 $ 81,931 Mexico 30,000 151,559 182,322 163,125 Subtotal antimony $ 30,000 $ 153,214 $ 244,171 $ 245,056 Precious metals - - - 17,518 Zeolite 141,864 56,008 1,275,549 491,247 Total capital expenditures $ 171,864 $ 209,222 $ 1,519,720 $ 753,821
Summary of segement operation	Segment operations for the three months ended September 30, 2023 Antimony - USA Antimony -Mexico Total Antimony Precious Metals Zeolite Total Total revenues $ 1,391,733 $ 249,933 $ 1,641,666 $ - $ 671,825 $ 2,313,491 Depreciation and amortization $ 10,360 $ 137,735 $ 148,095 $ 27,673 $ 73,193 $ 248,961 Income (loss) from operations $ 47,534 $ (1,465,000 ) $ (1,417,466 ) $ (27,673 ) $ (379,422 ) $ (1,824,561 ) Other income $ 180,033 NET LOSS $ (1,644,528 ) Segment operations for the three months ended September 30, 2022 Antimony - USA Antimony -Mexico Total Antimony Precious Metals Zeolite Total Total revenues $ 1,671,301 $ - $ 1,671,301 $ - $ 792,683 $ 2,463,984 Depreciation and amortization $ 10,262 $ 154,238 $ 164,500 $ 27,673 $ 50,610 $ 242,783 Income (loss) from operations $ 802,817 $ (817,746 ) $ (14,929 ) $ (27,763 ) $ 103,088 $ 60,486 Other expense $ (10,084 ) NET INCOME $ 50,402 Segment operations for the nine months ended September 30, 2023 Antimony - USA Antimony -Mexico Total Antimony Precious Metals Zeolite Total Total revenues $ 4,356,077 $ 488,389 $ 4,844,466 $ 242,433 $ 1,941,009 $ 7,027,908 Depreciation and amortization $ 29,002 $ 413,019 $ 442,021 $ 83,019 $ 189,262 $ 714,302 Income (loss) from operations $ (207,907 ) $ (2,877,838 ) $ (3,085,745 ) $ 159,414 $ (420,175 ) $ (3,346,506 ) Other income $ 558,529 NET LOSS $ (2,787,977 ) Segment operations for the nine months ended September 30, 2022 Antimony - USA Antimony -Mexico Total Antimony Precious Metals Zeolite Total Total revenues $ 6,144,490 $ 827,822 $ 6,972,312 $ 165,183 $ 2,487,116 $ 9,624,611 Depreciation and amortization $ 30,832 $ 436,431 $ 467,263 $ 82,867 $ 143,860 $ 693,990 Income (loss) from operations $ 2,314,965 $ (1,477,387 ) $ 837,578 $ 82,316 $ 279,503 $ 1,199,397 Other expense $ (9,124 ) NET INCOME $ 1,190,273

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
TOTAL POSSIBLE DILUTIVE SHARES	$ 12,346,215	$ 14,038,887
Convertible Preferred Stock [Member]
TOTAL POSSIBLE DILUTIVE SHARES	0	1,692,672
Warrants [Member]
TOTAL POSSIBLE DILUTIVE SHARES	12,346,215	12,346,215

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
REVENUE	$ 2,313,491	$ 2,463,984	$ 7,027,908	$ 9,624,611
Antimony [Member]
REVENUE	1,641,666	1,671,301	4,844,466	6,972,312
Zeolite [Member]
REVENUE	671,825	792,683	1,941,009	2,487,116
Precious Metals [Member]
REVENUE	$ 0	$ 0	$ 242,433	$ 165,183

REVENUE RECOGNITION (Details Na

REVENUE RECOGNITION (Details Narrative) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
REVENUE RECOGNITION
Trade accounts receivable balance related to contracts with customers	$ 1,390,437	$ 784,457
Doubtful related trade accounts receivables	$ 75,000	$ 31,440

INVENTORIES (Details)

INVENTORIES (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Inventories	$ 1,876,555	$ 1,375,068
Antimony Metals [Member]
Inventories	503,873	142,230
Antimony Oxides [Member]
Inventories	128,945	509,643
Antimony Ore Concentrates [Member]
Inventories	867,049	545,373
Zeolite Products [Member]
Inventories	376,688	177,822
Antimony [Member]
Inventories	$ 1,499,867	$ 1,197,246

INVENTORIES (Details Narrative)

INVENTORIES (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
INVENTORIES
Write down of inventory to net realizable value	$ 427,152	$ 273,083	$ 883,390	$ 409,919

PROPERTIES PLANTS AND EQUIPME_3

PROPERTIES PLANTS AND EQUIPMENT (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Plant and equipment	$ 18,094,065	$ 17,195,914
Buildings	3,143,315	2,160,805
Land and other	5,334,177	5,244,177
Construction in progress		450,941
Plants and equipment, gross	26,571,557	25,051,837
Accumulated Deprecation	(13,638,015)	(12,923,713)
Property plant and equipment ,net	12,933,542	12,128,124
Antimony Segment USAC [Member]
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, gross	4,497,410	4,435,561
Accumulated Deprecation	(2,796,806)	(2,767,803)
Property plant and equipment ,net	1,700,604	1,667,758
Antimony Segment USAMSA [Member]
Plant and equipment	9,459,098	9,090,860
Buildings	875,024	870,534
Land and other	2,886,037	2,796,037
Construction in progress		280,406
Plants and equipment, gross	13,220,159	13,037,837
Accumulated Deprecation	(6,625,450)	(6,212,433)
Property plant and equipment ,net	6,594,709	6,825,404
Zeolite Segment BRZ [Member]
Plant and equipment	5,464,280	4,996,216
Buildings	2,025,043	1,047,023
Land and other	16,753	16,753
Construction in progress		170,535
Plants and equipment, gross	7,506,076	6,230,527
Accumulated Deprecation	(3,582,124)	(3,392,861)
Property plant and equipment ,net	3,923,952	2,837,666
Precious Metals Segment [Member]
Plant and equipment	1,347,912	1,347,912
Buildings	0	0
Land and other	0	0
Construction in progress		0
Plants and equipment, gross	1,347,912	1,347,912
Accumulated Deprecation	(633,635)	(550,616)
Property plant and equipment ,net	$ 714,277	$ 797,296

PROPERTIES PLANTS AND EQUIPME_4

PROPERTIES PLANTS AND EQUIPMENT (Details Narrative) - USD ($)	Sep. 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 ($)	Sep. 30, 2023	Dec. 31, 2022
Long term debt	$ 241,956	$ 312,005
Less current portion	(62,064)	(94,150)
Long term portion	179,892	217,855
First Security Bank of Missoula [Member]
Long term debt	192,589	201,908
Caterpillar Financial Services [Member]
Long term debt	$ 49,367	$ 110,097

DEBT (Details 1)

DEBT (Details 1) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
DEBT
2024	$ 62,064
2025	12,998
2026	13,293
2027	153,601
Long term debt	$ 241,956	$ 312,005

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)		1 Months Ended		9 Months Ended
	Aug. 08, 2022	Nov. 30, 2019	Dec. 31, 2016	Sep. 30, 2023	Dec. 31, 2022
Accrued royalties payable				$ 107,937	$ 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 $22 million pesos, which was approximately $1,262,000 USD, comprising $343,000 of unpaid income taxes and $919,000 of interest and penalties
Wadley Property [Member]
Monthly instatllments	$ 10,000
Loss on disposal of assets	$ 130,000
Description of 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
Minimum [Member]
Royalties vary				8%
Maximum [Member]
Royalties vary				13%

STOCKHOLDERS EQUITY (Details)

STOCKHOLDERS EQUITY (Details)	9 Months Ended
	Sep. 30, 2023 $ / shares shares
Warrant 1
Number of warrants	2,285,715
Exercise Price | $ / shares	$ 0.46
Remaining life	1 year 10 months 2 days
Expiration date	Jul. 31, 2025
Warrant 2
Number of warrants	804,000
Exercise Price | $ / shares	$ 0.46
Remaining life	2 years 3 months 29 days
Expiration date	Jan. 27, 2026
Warrant 3
Number of warrants	7,650,000
Exercise Price | $ / shares	$ 0.85
Remaining life	2 years 10 months 2 days
Expiration date	Aug. 03, 2026
Warrant 4
Number of warrants	1,606,500
Exercise Price | $ / shares	$ 0.85
Remaining life	2 years 4 months 2 days
Expiration date	Feb. 01, 2026
Warrants [Member]
Number of warrants	12,346,215

STOCKHOLDERS EQUITY (Details Na

STOCKHOLDERS EQUITY (Details Narrative) - USD ($)	1 Months Ended
	Jan. 26, 2023	Sep. 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
Number of shares converted			1,590,672
Preferred stock, issued shares			1,692,672
Number of shares converted amount	$ 740,261
Total Series D Preferred stock shares			1,692,672

BUSINESS SEGMENTS (Details)

BUSINESS SEGMENTS (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Total assets	$ 30,926,730	$ 34,700,450
United States Antimony [Member]
Total assets	16,253,362	21,636,386
Mexico Antimony [Member]
Total assets	9,100,457	8,484,131
Subtotal Antimony [Member]
Total assets	25,353,819	30,120,517
United States Precious Metals [Member]
Total assets	201,338	172,004
Mexico Precious Metals [Member]
Total assets	553,981	625,292
Subtotal Precious Metals [Member]
Total assets	755,319	797,296
Zeolite [Member]
Total assets	$ 4,817,592	$ 3,782,637

BUSINESS SEGMENTS (Details 1)

BUSINESS SEGMENTS (Details 1) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Capital expenditures	$ 171,864	$ 209,222	$ 1,519,720	$ 753,821
United States Antimony [Member]
Capital expenditures	0	1,655	61,849	81,931
Mexico Antimony [Member]
Capital expenditures	30,000	151,559	182,322	163,125
Subtotal Antimony [Member]
Capital expenditures	30,000	153,214	244,171	245,056
Subtotal Precious Metals [Member]
Capital expenditures	0	0	0	17,518
Zeolite [Member]
Capital expenditures	$ 141,864	$ 56,008	$ 1,275,549	$ 491,247

BUSINESS SEGMENTS (Details 2)

BUSINESS SEGMENTS (Details 2) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
REVENUE	$ 2,313,491	$ 2,463,984	$ 7,027,908	$ 9,624,611
Income (loss) from operations	(1,824,561)	60,486	(3,346,506)	1,199,397
Other income (expense)	180,033	(10,084)	558,529	(9,124)
Net income (loss)			(2,787,977)	1,190,273
United States Antimony [Member]
REVENUE	1,391,733	1,671,301	4,356,077	6,144,490
Depreciation and amortization	10,360	10,262	29,002	30,832
Income (loss) from operations	47,534	802,817	(207,907)	2,314,965
Mexico Antimony [Member]
REVENUE	249,933	0	488,389	827,822
Depreciation and amortization	137,735	154,238	413,019	436,431
Income (loss) from operations	(1,465,000)	(817,746)	(2,877,838)	(1,477,387)
Total Antimony [Member]
REVENUE	1,641,666	1,671,301	4,844,466	6,972,312
Depreciation and amortization	148,095	164,500	442,021	467,263
Income (loss) from operations	(1,417,466)	(14,929)	(3,085,745)	837,578
Zeolite [Member]
REVENUE	671,825	792,683	1,941,009	2,487,116
Depreciation and amortization	73,193	50,610	189,262	143,860
Income (loss) from operations	(379,422)	103,088	(420,175)	279,503
Precious Metals [Member]
REVENUE	0	0	242,433	165,183
Depreciation and amortization	27,673	27,673	83,019	82,867
Income (loss) from operations	(27,673)	(27,763)	159,414	82,316
Total [Member]
REVENUE	2,313,491	2,463,984	7,027,908	9,624,611
Depreciation and amortization	248,961	242,783	714,302	693,990
Income (loss) from operations	(1,824,561)	60,486	(3,346,506)	1,199,397
Other income (expense)	180,033	(10,084)	558,529	(9,124)
Net income (loss)	$ (1,644,528)	$ 50,402	$ (2,787,977)	$ 1,190,273