United States Antimony (UAMY) 10-Q 12 Nov 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2024	Nov. 06, 2024
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	Yes
Document Period End Date	Sep. 30, 2024
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
Entity Common Stock Shares Outstanding		108,438,984
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, 2024	Dec. 31, 2023
CURRENT ASSETS
Cash and cash equivalents	$ 12,969,132	$ 11,899,574
Certificates of deposit	22,257	72,898
Accounts receivable, net	791,557	625,256
Inventories, net	966,814	1,019,154
Prepaid expenses and other current assets	177,283	92,369
Current assets held for sale (Note 12)	74,560	366,955
Total current assets	15,001,603	14,076,206
Properties, plants and equipment, net	7,751,348	7,765,045
Operating lease right-of-use asset	764,035	0
Restricted cash for reclamation bonds	98,234	55,061
Other assets	20,217	18,098
Noncurrent assets held for sale (Note 12)	6,117,610	6,180,585
Total assets	29,753,047	28,094,995
CURRENT LIABILITIES
Accounts payable	1,212,397	330,147
Accrued liabilities	164,917	109,341
Accrued liabilities - directors	159,165	124,810
Royalties payable	105,174	153,429
Current portion of operating lease liability	483,211	0
Long-term debt, current portion	131,105	28,443
Current liabilities held for sale (Note 12)	148,833	151,288
Total current liabilities	2,404,802	897,458
Noncurrent operating lease liability	299,435	0
Long-term debt, net of current portion	228,921	0
Stock payable to directors	0	38,542
Asset retirement obligations	1,156,374	1,101,561
Noncurrent liabilities held for sale (Note 12)	536,466	536,466
Total liabilities	4,625,998	2,574,027
STOCKHOLDERS' EQUITY
Common stock, $0.01 par value, 150,000,000 shares authorized; 108,438,984 and 107,647,317 shares issued and outstanding, respectively	1,084,389	1,076,472
Additional paid-in capital	64,299,485	63,853,836
Accumulated deficit	(40,266,104)	(39,418,619)
Total stockholders' equity	25,127,049	25,520,968
Total liabilities and stockholders' equity	29,753,047	28,094,995
Series A Preferred Stock [Member]
STOCKHOLDERS' EQUITY
Preferred Stock Value	0	0
Series D Preferred Stock [Member]
STOCKHOLDERS' EQUITY
Preferred Stock Value	0	0
Series C Preferred Stock [Member]
STOCKHOLDERS' EQUITY
Preferred Stock Value	1,779	1,779
Series B Preferred Stock [Member]
STOCKHOLDERS' EQUITY
Preferred Stock Value	$ 7,500	$ 7,500

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Common stock, par value	$ 0.01	$ 0.01
Common stock, authorized shares	150,000,000	150,000,000
Common stock, issued shares	108,438,984	107,647,317
Common stock, outstanding shares	108,438,984	107,647,317
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 D 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 B Preferred Stock [Member]
Preferred stock, issued shares	750,000	750,000
Preferred stock, outstanding shares	750,000	750,000
Preferred stock liquidation preference	$ 973,125	$ 967,500

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
REVENUES	$ 2,421,020	$ 2,063,558	$ 8,066,190	$ 6,539,519
COST OF REVENUES	1,995,252	1,805,150	5,908,877	5,499,709
GROSS PROFIT	425,768	258,408	2,157,313	1,039,810
OPERATING EXPENSES:
General and administrative	588,816	290,045	1,521,576	678,735
Salaries and benefits	429,438	228,967	956,402	502,071
Professional fees	165,839	103,127	564,525	340,194
Loss on disposal of property, plant and equipment	(16,252)	0	(1,242)	0
Other operating expenses	102,970	0	240,961	0
TOTAL OPERATING EXPENSES	1,270,811	622,139	3,284,706	1,521,000
LOSS FROM OPERATIONS	(845,043)	(363,731)	(1,127,393)	(481,190)
OTHER INCOME (EXPENSE):
Interest and investment income	157,757	176,656	460,529	466,809
Trademark and licensing income	6,553	6,117	21,281	25,023
Other miscellaneous income (expense)	(2,364)	(3,827)	(7,117)	74,922
TOTAL OTHER INCOME	161,946	178,946	474,693	566,754
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(683,097)	(184,785)	(652,700)	85,564
Income tax expense	0	0	0	0
INCOME (LOSS) FROM CONTINUING OPERATIONS	(683,097)	(184,785)	(652,700)	85,564
Discontinued operations:
Loss from discontinued operations before income taxes	(44,412)	(1,459,743)	(194,785)	(2,873,541)
Income tax expense	0	0	0	0
Loss from discontinued operations (Note 12)	(44,412)	(1,459,743)	(194,785)	(2,873,541)
Net loss	(727,509)	(1,644,528)	(847,485)	(2,787,977)
Preferred dividends	(1,875)	(1,875)	(5,625)	(5,625)
Net loss available to common stockholders	$ (729,384)	$ (1,646,403)	$ (853,110)	$ (2,793,602)
Income (loss) from continuing operations	$ (0.01)	$ 0	$ (0.01)	$ 0
Income (loss) from discontinued operations	0	(0.01)	0	(0.03)
Net income (loss)	(0.01)	(0.01)	(0.01)	(0.03)
Weighted average shares outstanding:
Basic	108,438,984	107,647,317	108,262,091	107,519,786
Diluted	$ 108,438,984	$ 107,647,317	$ 108,430,139	$ 107,519,786

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS EQUITY (UNAUDITED) - USD ($)	Total	Shares To Be Returned To Treasury	Preferred Stock	Common Stock	Additional Paid-In Capital	Accumulated Deficit
Balance, shares at Dec. 31, 2022			2,620,576	106,373,341
Balance, amount at Dec. 31, 2022	$ 31,869,255	$ (202,980)	$ 26,205	$ 1,063,732	$ 64,052,630	$ (33,070,332)
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	0	$ (16,926)	$ 16,927	(1)	0
Common stock buyback and retirement, shares				(418,696)
Common stock buyback and retirement, amount	0	202,980	0	$ (4,187)	(198,793)	0
Net loss	(806,984)	0	$ 0	$ 0	0	(806,984)
Balance, shares at Mar. 31, 2023			927,904	107,647,317
Balance, amount at Mar. 31, 2023	31,062,271	0	$ 9,279	$ 1,076,472	63,853,836	(33,877,316)
Net 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	0	$ 9,279	$ 1,076,472	63,853,836	(34,213,781)
Net loss	(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	0	$ 9,279	$ 1,076,472	63,853,836	(35,858,309)
Balance, shares at Dec. 31, 2023			927,904
Balance, amount at Dec. 31, 2023	25,520,968	0	$ 9,279	1,076,472	63,853,836	(39,418,619)
Net loss	(322,768)	0	0	$ 0	0	(322,768)
Share-based compensation, shares				791,667
Share-based compensation, amount	205,925	0	$ 0	$ 7,917	198,008	0
Balance, shares at Mar. 31, 2024			927,904	108,438,984
Balance, amount at Mar. 31, 2024	25,404,125	0	$ 9,279	$ 1,084,389	64,051,844	(39,741,387)
Net loss	202,792	0	0	0	0	202,792
Share-based compensation, amount	94,922	0	$ 0	$ 0	94,922	0
Balance, shares at Jun. 30, 2024			927,904	108,438,984
Balance, amount at Jun. 30, 2024	25,701,839	0	$ 9,279	$ 1,084,389	64,146,766	(39,538,595)
Net loss	(727,509)					(727,509)
Share-based compensation, amount	152,719				152,719
Balance, shares at Sep. 30, 2024			927,904	108,438,984
Balance, amount at Sep. 30, 2024	$ 25,127,049	$ 0	$ 9,279	$ 1,084,389	$ 64,299,485	$ (40,266,104)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES OF CONTINUING OPERATIONS:
Net income (loss) from continuing operations	$ (652,700)	$ 85,564
Adjustments to reconcile net income (loss) from continuing operations tonet cash provided (used) by operating activities of continuing operations:
Depreciation and amortization	340,217	247,882
Accretion of asset retirement obligation	54,813	1,125
Noncash operating lease expense	23,442	0
(Gain) loss on sale or disposal of property, plant and equipment, net	1,242	0
Write-down of inventory to net realizable value	63,574	0
Share-based compensation	453,566	0
Allowance for doubtful accounts on accounts receivable	(30,746)	43,560
Other noncash items	(16,107)	(11,573)
Changes in operating assets and liabilities:
Accounts receivable	(135,555)	(649,540)
Inventories, net	(11,234)	(77,749)
Prepaid expenses and other current assets	(84,914)	(99,367)
Other assets	(2,119)	0
Accounts payable	882,250	(63,005)
Accrued liabilities	55,576	(51,773)
Accrued liabilities - directors	34,355	206,282
Stock payable to directors	(38,542)	0
Change in operating lease liability	(4,831)	0
Royalties payable	(48,255)	(327,138)
Net cash provided (used) by operating activities of continuing operations	884,032	(695,732)
CASH FLOWS FROM INVESTING ACTIVITIES OF CONTINUING OPERATIONS:
Proceeds from redemption of certificates of deposit	50,641	0
Proceeds from sale of properties, plants and equipment	314,125	0
Purchases of properties, plant, and equipment	(223,058)	(1,337,398)
Net cash provided (used) by investing activities of continuing operations	141,708	(1,337,398)
CASH FLOWS FROM FINANCING ACTIVITIES OF CONTINUING OPERATIONS:
Payments on dividends payable	0	(787,730)
Principal payments on long-term debt	(71,139)	(70,049)
Net cash used by financing activities of continuing operations	(71,139)	(857,779)
Net cash flows provided (used) by continuing operations	954,601	(2,890,909)
CASH FLOWS FROM DISCONTINUED OPERATIONS:
Net cash provided (used) by operating activities	158,130	(3,122,155)
Net cash used by investing activities	0	(182,322)
Net cash flows provided (used) by discontinued operations	158,130	(3,304,477)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	1,112,731	(6,195,386)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	11,954,635	19,117,666
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	13,067,366	12,922,280
NON-CASH FINANCING AND INVESTING ACTIVITIES:
Common stock buyback and retirement	0	202,980
Conversion of Preferred Series D to Common Stock	0	16,927
Equipment purchased with note payable	402,722	0
Noncash recognition of new leases	$ 787,477	$ 0

NATURE OF OPERATIONS

NATURE OF OPERATIONS	9 Months Ended
	Sep. 30, 2024
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”, “Us”, or “We”) sell processed antimony, zeolite, and precious metals products primarily in the U.S. and Canada. The Company processes antimony ore primarily into antimony oxide, antimony metal, and antimony trisulfide. 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. Our antimony trisulfide is used as a primer in ammunition. 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. We recover certain amounts of precious metals, primarily gold and silver, at our plant in Montana from antimony concentrates. Recent Development The Company has two subsidiaries in Mexico, US Antimony de Mexico, S.A. de C.V. (“USAMSA”) and Antimonio de Mexico, S.A. de C.V. (“ADM”). The USAMSA subsidiary primarily includes the Company’s Madero antimony and precious metals plant in Parras de la Fuente Coahuila, Mexico and its Puerto Blanco antimony and precious metals plant in San Luis de la Paz Guanajuato, Mexico. On March 11, 2024, the Company shut down the operations of USAMSA and announced its intent to sell its USAMSA subsidiary. Since this announcement, the Company initiated an active search for buyers of USAMSA’s operations and/or assets. The accounting requirements for reporting USAMSA as a discontinued operation were met in the first quarter of 2024. See Note 12

BASIS OF PRESENTATION AND SIGNI

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2024
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 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, 2024, and its results of operations and cash flows for the three and nine months ended September 30, 2024 and 2023. The Condensed Consolidated Balance Sheet as of December 31, 2023, was derived from audited annual financial statements but does not contain all of the footnote disclosures from the annual financial statements. 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, 2023, filed with the Securities and Exchange Commission on April 12, 2024. 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. The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities known to exist as of the date the financial statements are published, and the reported amounts of revenues and expenses during the reporting period. Uncertainties with respect to such estimates and assumptions are inherent in the preparation of the Company's consolidated financial statements; accordingly, it is possible that the actual results could differ from these estimates and assumptions, which could have a material effect on the reported amounts of the Company's consolidated financial position and results of operations. Operating results for the three and nine-month periods ended September 30, 2024, are not necessarily indicative of the results that may be expected for the full year ending December 31, 2024. 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. Assets Held for Sale and Discontinued Operations The Company classifies assets and liabilities to be sold ("Disposal Group") as held for sale in the period when all of the applicable criteria are met, including: (i) management commits to a plan to sell, (ii) the Disposal Group is available to sell in its present condition, (iii) there is an active program to locate a buyer, (iv) the Disposal Group is being actively marketed at a reasonable price in relation to its fair value, (v) significant changes to the plan to sell are unlikely, and (vi) the sale of the Disposal Group is generally probable of being completed within one year. Management performs an assessment at least quarterly or when events or changes in business circumstances indicate that a change in classification may Assets and liabilities held for sale are presented separately within the Condensed Consolidated Balance Sheets with any adjustments necessary to measure the Disposal Group at the lower of its carrying value or fair value less costs to sell. Depreciation of property and equipment are not recorded while these assets are classified as held for sale. For each period the Disposal Group remains classified as held for sale, its recoverability is reassessed and any necessary adjustments are made to its carrying value. The Company categorizes the assets and liabilities of a Disposal Group, or business component, as discontinued operations once management commits to a plan to sell, the business segment is available for immediate sale, management has initiated a plan to sell at a price that is reasonable in relation to its fair value, management anticipates the sale will occur within one year, and it is unlikely that significant changes will be made to the plan to sell. In addition, the business component must be comprised of operations and cash flows that are clearly distinguished from the rest of the entity. The results of discontinued operations are aggregated and presented separately in the Condensed Consolidated Balance Sheets, Condensed Consolidated Statements of Operations, and Condensed Consolidated Statements of Cash Flows. Share-Based Compensation The Company’s share-based awards consist of restricted stock units (“RSUs”) and stock options granted to employees, consultants, and directors of the Company. RSUs are stock awards entitling the award recipient to a specified number of shares of the Company’s common stock as the award vests. Each RSU granted includes a service-based vesting condition. The Company calculates the fair value of RSUs on the grant date using the closing market price of the Company’s common stock on the grant date. The Company recognizes the grant date fair value of RSUs as share-based compensation expense ratably over the requisite service period, other than RSUs or portions of RSUs that vest on the grant date, in which case the grant date fair value of that RSU or portion of RSU is recognized as share-based compensation expense on the grant date. The Company recognizes forfeitures as they occur. Stock options grant award recipients the option to purchase a specified number of shares of the Company’s common stock at an exercise price per share specified in the grant agreement as the stock options vest. Stock option grants include either a service-based vesting condition or performance-based vesting conditions with a specified contractual term. The Company calculates the fair value of stock options on the grant date using the Black-Scholes option-pricing model, which requires the Company to make estimates and assumptions, such as expected volatility, expected term, and risk-free interest rate. Service and performance conditions are not considered in determining the award’s fair value on the grant date. The Company recognizes share-based compensation expense related to stock option awards from the grant date through the vesting date. For service-based vesting stock option grants, the Company expenses the grant date fair value of the award ratably over the requisite service period. For performance-based vesting stock option grants, the Company expenses the grant date fair value of the award ratably from the grant date through the vesting date based on the probability and timing of achieving the performance conditions. The Company recognizes forfeitures as they occur. The expense related to employee and consultant share-based awards is recorded in “Salaries and benefits” and the expense related to director share-based awards is recorded in “General and administrative” in the Condensed Consolidated Statements of Operations. Leases The Company determines if an arrangement contains a lease at inception. An arrangement contains a lease if it implicitly or explicitly identifies an asset to be used and conveys the right to control the use of the identified asset in exchange for consideration. As a lessee, the Company includes operating leases in "Operating lease right-of-use assets" and "Current and noncurrent operating lease liabilities" in its Condensed Consolidated Balance sheet. Right-of-use assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent the Company's obligation to make lease payments arising from the lease. Operating lease right-of-use assets and liabilities are recognized upon commencement of the lease based on the present value of the lease payments over the lease term. Incremental costs of a lease that would not have been incurred if the lease had not been obtained are capitalized as initial direct costs (“IDC”). The Company amortizes the undiscounted fixed lease cost and the IDC on a straight-line basis over the lease term. If a lease does not provide an implicit interest rate, the Company uses its incremental borrowing rate based on the information available at commencement date to determine the present value of lease payments. 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. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, amending reportable segment disclosure requirements to include disclosure of incremental segment information on an annual and interim basis. Among the disclosure enhancements are new disclosures regarding significant segment expenses that are regularly provided to the chief operating decision-maker and included within each reported measure of segment profit or loss, as well as other segment items bridging segment revenue to each reported measure of segment profit or loss. The amendments in ASU 2023-07 are effective for fiscal years beginning after December 15, 2023, and for interim periods beginning January 1, 2025, and are applied retrospectively. Early adoption is permitted. We are currently evaluating the effect the updated standard will have on our consolidated financial statements and disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvement to Income Tax Disclosures, amending income tax disclosure requirements for the effective tax rate reconciliation and income taxes paid. The amendments in ASU 2023-09 are effective for fiscal years beginning after December 15, 2024 and are applied prospectively. Early adoption and retrospective application of the amendments are permitted. We are currently evaluating the effect the updated standard will have on our consolidated financial statements and disclosures.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2024
EARNINGS PER SHARE
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 stock options, RSUs, warrants, and convertible preferred stock. At September 30, 2024 and 2023, 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, 2024 September 30, 2023 Warrants 12,346,215 12,346,215 Stock options and RSU awards 6,408,333 - Total possible dilution 18,754,548 12,346,215

REVENUE RECOGNITION

REVENUE RECOGNITION	9 Months Ended
	Sep. 30, 2024
REVENUE RECOGNITION
REVENUE RECOGNITION	NOTE 4 – REVENUE RECOGNITION Products consist of the following: · Antimony: includes antimony oxide, antimony metal, antimony trisulfide. · 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, 2024 and 2023 were as follows: For the three months ended September 30, 2024 September 30, 2023 Antimony product revenue $ 1,338,640 $ 1,391,733 Zeolite product revenue 682,947 671,825 Precious metals product revenue 399,433 - TOTAL REVENUES $ 2,421,020 $ 2,063,558 Sales of products for the nine months ended September 30, 2024 and 2023 were as follows: For the nine months ended September 30, 2024 September 30, 2023 Antimony product revenue $ 5,381,803 $ 4,356,077 Zeolite product revenue 2,280,338 1,941,009 Precious metals product revenue 404,049 242,433 TOTAL REVENUES $ 8,066,190 $ 6,539,519 Domestic and foreign revenues for the three months ended September 30, 2024 and 2023 were as follows: For the three months ended September 30, 2024 September 30, 2023 Domestic revenues $ 1,897,120 $ 1,541,870 Foreign revenues 523,900 521,688 TOTAL REVENUES $ 2,421,020 $ 2,063,558 Domestic and foreign revenues for the nine months ended September 30, 2024 and 2023 were as follows: For the nine months ended September 30, 2024 September 30, 2023 Domestic revenues $ 6,346,717 $ 5,126,304 Foreign revenues 1,719,473 1,413,215 TOTAL REVENUES $ 8,066,190 $ 6,539,519 The Company’s trade accounts receivable balance related to contracts with customers was $791,557 at September 30, 2024 and $625,256 at December 31, 2023, net of an allowance for doubtful accounts related to trade accounts receivables of $240,466 and $271,212 at September 30, 2024 and December 31, 2023, respectively. The Company’s products do not involve any warranty agreements and product returns are not typical.

INVENTORIES

INVENTORIES	9 Months Ended
	Sep. 30, 2024
INVENTORIES
INVENTORIES	NOTE 5– INVENTORIES Inventories at September 30, 2024 and December 31, 2023 consisted primarily of finished antimony metal and antimony 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 products and finished zeolite products costs primarily include direct materials, direct labor, overhead, depreciation, and freight. Inventories at September 30, 2024 and December 31, 2023 were as follows: September 30, 2024 December 31, 2023 Antimony oxide inventory $ 230,958 $ 252,927 Antimony metal inventory 145,129 237,429 Antimony ore and concentrates inventory 35,670 23,752 Total antimony inventory 411,757 514,108 Zeolite inventory 555,057 505,046 TOTAL INVENTORIES $ 966,814 $ 1,019,154 At September 30, 2024 and December 31, 2023, inventories were valued at cost, except for the portion of inventory related to zeolite at September 30, 2024, which was valued at net realizable value because costs were greater than the amount the Company expected to receive on the sale of zeolite inventory. The adjustment to value inventory at net realizable value was $63,574 and $nil at September 30, 2024 and 2023, respectively. Antimony oxide and metal inventory consisted of finished products held by the Company’s plant in Montana. Antimony ore and concentrates were held primarily at its plants in Montana and Mexico. The Company’s zeolite inventory consisted primarily of saleable zeolite material at the Company’s plant located in Idaho.

PROPERTIES PLANTS AND EQUIPMENT

PROPERTIES PLANTS AND EQUIPMENT	9 Months Ended
	Sep. 30, 2024
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 (“PP&E”) by segment at September 30, 2024 and December 31, 2023 were as follows: September 30, 2024 Antimony Segment Zeolite Segment Precious Metals USAC Mexico BRZ Segment TOTAL Plant and equipment $ 1,971,255 $ 394,545 $ 6,576,506 $ 234,174 $ 9,176,480 Buildings 243,248 11,970 1,705,893 - 1,961,111 Mineral rights and interests 10,000 100,000 16,753 - 126,753 Land 1,493,609 914,443 - - 2,408,052 Construction in progress - - 45,253 - 45,253 PP&E, cost $ 3,718,112 $ 1,420,958 $ 8,344,405 $ 234,174 $ 13,717,649 Accumulated depreciation (1,765,977 ) (247,094 ) (3,762,123 ) (191,107 ) (5,966,301 ) PP&E, net $ 1,952,135 $ 1,173,864 $ 4,582,282 $ 43,067 $ 7,751,348 December 31, 2023 Antimony Segment Zeolite Segment Precious Metals USAC Mexico BRZ Segment TOTAL Plant and equipment $ 1,971,255 $ 394,545 $ 6,007,694 $ 234,174 $ 8,607,668 Buildings 243,248 11,970 2,025,043 - 2,280,261 Mineral rights and interests - 100,000 16,753 - 116,753 Land 1,493,609 914,443 - - 2,408,052 Construction in progress - - 8,951 - 8,951 PP&E, cost $ 3,708,112 $ 1,420,958 $ 8,058,441 $ 234,174 $ 13,421,685 Accumulated depreciation (1,723,941 ) (235,024 ) (3,524,130 ) (173,545 ) (5,656,640 ) PP&E, net $ 1,984,171 $ 1,185,934 $ 4,534,311 $ 60,629 $ 7,765,045 In May 2024, the Company made the decision to sell a non-core asset of its zeolite segment, which was a personal residence (“BRZ Home”) located near the operations of its wholly owned subsidiary, Bear River Zeolite Company (“BRZ”). In September 2024, the Company sold its BRZ Home and recorded a gain on this sale as follows: Proceeds from the sale $ 314,125 Net book value of the BRZ Home 297,873 Gain on sale $ 16,252 Mineral rights and interests In August 2024, the Company acquired the ownership rights to ninety-seven mining claims and three mining leases located in the Sudbury District of Ontario, Canada (“Sudbury Agreement”). Payments are to be made by the Company by the following dates for the Company to acquire these claims and leases, of which the Company has made the first payment of $10,000: Payment Date Payment Amount August 2024 $ 10,000 November 2024 15,000 February 2025 35,000 August 2025 40,000 August 2026 50,000 August 2027 50,000 August 2028 75,000 Total $ 275,000 These payments to acquire the mining claims and leases are capitalized when paid in the “Mineral rights and interests” component of “Properties, plants and equipment, net” in the Condensed Consolidated Balance Sheets, which amounted to $10,000 as of September 30, 2024, and will be amortized over the estimated economic life of the mineral resource based on the units-of-production method. The Sudbury Agreement requires a royalty payment by the Company of 2.5% of the production from the claims (“Net Smelter Royalty”) with a minimum royalty payment beginning on the fifth anniversary of the agreement of $12,000 per year. 1% of the Net Smelter Royalty can be purchased back by the Company at any time for $1 million. Also, the Sudbury Agreement includes a commitment by the Company to spend an aggregate of $250,000 over four years beginning on the agreement date, with various milestones over this four-year period, in exploring and developing these claims. The Sudbury Agreement can be terminated without cause at any time by the Company with thirty days’ notice.

LEASES

LEASES	9 Months Ended
	Sep. 30, 2024
LEASES
LEASE	NOTE 7 – LEASES In September 2024, the Company executed a contract to lease a metals concentration facility located in Phillipsburg, Montana, which was accounted for as an operating lease. The lease has a term of 18 months with fixed cash payments in advance in the first six months of the lease of $10,000 per month, or $60,000 in total, and fixed cash payments in advance in the last twelve months of the lease of $95,000 per month, or $1.14 million in total, which includes a fixed monthly fee of $45,000 and a minimum milling fee of $50,000 per month. An additional payment of $50 per ton is due each month in the last twelve months of the lease for all milling in excess of 1,000 tons per month. The Company has not included any milling fee payments above the minimum in its lease liability as it is not deemed probable at this time. $10,000 was paid upon signing the lease, which is being accounted for as an initial direct cost ("IDC"). The Company is amortizing the undiscounted fixed lease cost and the IDC on a straight-line basis over the term of the lease. The Company recorded the present value of the fixed lease cost over the lease term as a lease liability and Right of Use ("ROU") asset. The Company used its incremental borrowing rate of 3.49% as of the date of initial possession of the leased asset when determining the present value of future payments of this operating lease as the rate implicit in the lease was not readily determinable. The lease includes provisions for the Company to use the existing mill building and all contents related to its use and to process owned and non-owned ore containing antimony and other critical minerals. The lease does not include any transfer of ownership of the facility at the end of the lease, nor any option to extend the lease or purchase the facility, nor any residual value guarantees. The Company can terminate the lease without cause with thirty days’ notice and must provide the facility to the lessor at the end of the lease in the same condition as it was received. The lease liability related to this operating lease, which represents the present value of the lease payments, was $787,477 at inception and $782,646 and $nil at September 30, 2024 and December 31, 2023, respectively. The ROU asset, which includes the unamortized portions of the IDC and is adjusted for any accrued or prepaid lease, was $764,035 and $nil at September 30, 2024 and December 31, 2023, respectively. During the three and nine months ended September 30, 2024 and 2023, the Company recorded $33,611 and $nil, respectively, of lease expense related to this lease and IDC in "Cost of Revenues" in the Condensed Consolidated Statements of Operations. IDC paid upon signing this lease was $10,000 and $nil and lease payments were $15,000 and $nil during the three and nine months ended September 30, 2024 and 2023, respectively, which were included in operating cash flows. The following table summarizes expense and cash payments for operating leases during the periods noted: For the three and nine months ended September 30, 2024 September 30, 2023 Operating lease expense $ 33,611 $ - Cash paid for operating lease liability $ 15,000 $ - Cash paid for initial direct cost $ 10,000 $ - The following table contains the remaining lease term and discount rate as of the end of the period: September 30, 2024 Remaining lease term - operating lease 17.5 months Discount rate - operating lease 3.49 % The table below is a maturity analysis of the future minimum lease payments as of September 30, 2024. Twelve months ending September 30, 2025 $ 757,500 2026 427,500 Total undiscounted future minimum lease payments 1,185,000 Less: discount on lease liability (402,354 ) Total discounted operating lease liability at September 30, 2024 782,646 Less: current portion of operating lease liability (483,211 ) Noncurrent operating lease liability $ 299,435

LONG-TERM DEBT

LONG-TERM DEBT	9 Months Ended
	Sep. 30, 2024
LONG-TERM DEBT
LONG-TERM DEBT	NOTE 8 – LONG-TERM DEBT Long-term debt at September 30, 2024 and December 31, 2023 was as follows: September 30, 2024 December 31, 2023 Installment contract payable to Komatsu, bearing interest at 3.49%, payable in 36 monthly installments of $11,799 maturing May 2027; collateralized by the Wheel Loader $ 360,026 $ - 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 - 28,443 Total debt 360,026 28,443 Less current portion of debt (131,105 ) (28,443 ) Long term portion of debt $ 228,921 $ - At September 30, 2024, principal payments on debt were due as follows: Twelve months ending September 30, Principal Payment 2025 $ 131,105 2026 135,754 2027 93,167 $ 360,026

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2024
COMMITMENTS AND CONTINGENCIES (Note 8 and 11)
COMMITMENTS AND CONTINGENCIES	NOTE 9 – 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 the 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, BRZ is assessed fines and penalties by the Mine Safety and Health Administration (“MSHA”). At September 30, 2024 and December 31, 2023, BRZ had no accrued liabilities relating to such assessments. However, during the nine months ended September 30, 2024, BRZ received four significant and substantial citations from MSHA, all of which have been resolved by BRZ. On a combined basis, BRZ pays royalties ranging from 8% to 13% on the sale of zeolite products. At September 30, 2024 and December 31, 2023, the Company had accrued royalties payable of $105,174 and $153,429, respectively.

STOCKHOLDERS EQUITY

STOCKHOLDERS EQUITY	9 Months Ended
	Sep. 30, 2024
STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY	NOTE 10 – STOCKHOLDERS’ EQUITY On January 25, 2023, the holders of 1,692,672 shares of Series D Preferred stock converted the preferred shares and the Company issued 1,692,672 shares of common stock. The Company also paid the holders $787,730 for cumulative 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 the 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. Share-based compensation The Company had no equity awards outstanding during fiscal year 2023. During the nine months ended September 30, 2024, stock option and RSU awards were granted in accordance with our 2023 Equity Incentive Plan, which was approved by the Company’s shareholders. The Company recognized $152,719 and $nil during the three months ended September 30, 2024 and 2023, respectively, and $453,566 and $nil during the nine months ended September 30, 2024 and 2023, respectively, of share-based compensation expense arising from stock option and RSU grants as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Share-based compensation expense: Stock options $ 97,655 $ - $ 161,124 $ - RSUs $ 55,064 $ - $ 292,442 $ - Total share-based compensation expense $ 152,719 $ - $ 453,566 $ - Stock options: Stock options granted have either a 3-year or 10-year contractual term and are subject to either service or performance-based vesting conditions. The following table shows the annual weighted-average assumptions used to value options granted during the nine months ended September 30, 2024: Nine Months Ended Grant-Date Weighted-Average Assumptions September 30, 2024 Expected term (in years) 4.5 Risk-free interest rate 4.3 % Expected dividend yield 0.0 % Expected volatility 136.0 % Fair value per share of options granted $ 0.18 Expected term Risk-free interest rate Expected dividend yield Expected volatility Activity with respect to stock options is summarized as follows: Weighted-Average Weighted-Average Remaining Aggregate Exercise Price Contractual Intrinsic Shares Per Share Term (in years) Value Options outstanding, December 31, 2023 - n/a n/a n/a Granted 4,330,000 $ 0.23 n/a n/a Exercised - n/a n/a n/a Forfeited - n/a n/a n/a Expired - n/a n/a n/a Options outstanding, September 30, 2024 4,330,000 $ 0.23 4.0 $ 2,279,400 Nonvested options, September 30, 2024 4,272,500 $ 0.23 3.9 $ 2,254,175 Vested and exercisable options, September 30, 2024 57,500 $ 0.32 9.8 $ 25,225 At September 30, 2024, total unrecognized share-based compensation expense related to stock options was $634,781, which is expected to be recognized over a weighted-average remaining period of 2.3 years. Restricted stock units: Activity with respect to RSUs is summarized as follows: Weighted-Average Grant-Date Fair Value Shares Per Share Nonvested shares at December 31, 2023 - n/a Granted 2,870,000 $ 0.23 Vested (791,667 ) $ 0.22 Forfeited - n/a Nonvested shares at September 30, 2024 2,078,333 $ 0.24 At September 30, 2024, total unrecognized share-based compensation expense related to RSUs was $373,108, which is expected to be recognized over a weighted-average remaining period of 1.8 years. Common stock warrants No warrants were issued, expired, or exercised during the nine months ended September 30, 2024 and 2023. The composition of the Company’s warrants outstanding at September 30, 2024 and 2023 was as follows: Number of warrants Exercise Price Expiration Date Remaining life (years) 2,285,715 $ 0.46 1/27/2026 1.33 804,000 $ 0.46 1/27/2026 1.33 7,650,000 $ 0.85 8/3/2026 1.84 1,606,500 $ 0.85 2/1/2026 1.34 12,346,215

BUSINESS SEGMENTS

BUSINESS SEGMENTS	9 Months Ended
	Sep. 30, 2024
BUSINESS SEGMENTS
BUSINESS SEGMENTS	NOTE 11 – BUSINESS SEGMENTS The Company is organized and managed with four business segments, which represent our operating units: United States antimony operations, Mexico antimony operations, precious metals recovery and United States zeolite operations. See Note 12 Total assets by segment at September 30, 2024 and December 31, 2023 were as follows: Total Assets, Excluding Discontinued Operations September 30, 2024 December 31, 2023 Antimony segment: United States $ 16,514,199 $ 14,769,408 Mexico 1,239,959 1,211,319 Subtotal antimony segment $ 17,754,158 $ 15,980,727 Precious metals segment: United States $ 142,925 $ 92,718 Mexico - - Subtotal precious metals segment $ 142,925 $ 92,718 Zeolite segment 5,663,794 5,474,010 Total assets, excluding discontinued operations $ 23,560,877 $ 21,547,455 Total capital expenditures by segment for the three and nine months ended September 30, 2024 and 2023 were as follows: Capital expenditures, Excluding Discontinued Operations For the three months ended For the nine months ended September 30, 2024 September 30, 2023 September 30, 2024 September 30, 2023 Antimony segment: United States capital expenditures $ 10,000 $ - $ 10,000 $ 61,849 Mexico capital expenditures - - - - Subtotal antimony segment $ 10,000 $ - $ 10,000 $ 61,849 Precious metals segment - - - - Zeolite segment 62,337 141,864 213,058 1,275,549 Total capital expenditures, excluding discontinued operations $ 72,337 $ 141,864 $ 223,058 $ 1,337,398 The zeolite segment’s capital expenditures for the nine months ended September 30, 2024 excludes $402,722 related to a wheel loader purchased with a note payable. Selected segment operational information excluding discontinued operations for the three and nine months ended September 30, 2024 and 2023 were as follows: For the three months ended September 30, 2024 Antimony USA Antimony Mexico Total Antimony Precious Metals Zeolite Total Total revenues $ 1,338,640 $ - $ 1,338,640 $ 399,433 $ 682,947 $ 2,421,020 Depreciation and amortization 14,048 4,023 18,071 5,854 95,659 119,584 Income (loss) from operations $ (809,755) $ (26,196) $ (835,951) $ 393,579 $ (402,671) $ (845,043) Other income 161,946 Income tax expense - Loss from continuing operations $ (683,097) For the three months ended September 30, 2023 Antimony USA Antimony Mexico Total Antimony Precious Metals Zeolite Total Total revenues $ 1,391,733 $ - $ 1,391,733 $ - $ 671,825 $ 2,063,558 Depreciation and amortization 10,361 4,015 14,376 5,854 73,194 93,424 Income (loss) from operations $ 47,534 $ (25,990) $ 21,544 $ (5,854) $ (379,421) $ (363,731) Other income 178,946 Income tax expense - Loss from continuing operations $ (184,785) For the nine months ended September 30, 2024 Antimony USA Antimony Mexico Total Antimony Precious Metals Zeolite Total Total revenues $ 5,381,803 $ - $ 5,381,803 $ 404,049 $ 2,280,338 $ 8,066,190 Depreciation and amortization 42,036 12,071 54,107 17,563 268,547 340,217 Income (loss) from operations $ (452,858) $ (78,589) $ (531,447) $ 386,486 $ (982,432) $ (1,127,393) Other income $ 474,693 Income tax expense - Loss from continuing operations $ (652,700) For the nine months ended September 30, 2023 Antimony USA Antimony Mexico Total Antimony Precious Metals Zeolite Total Total revenues $ 4,356,077 $ - $ 4,356,077 $ 242,433 $ 1,941,009 $ 6,539,519 Depreciation and amortization 29,002 12,054 41,056 17,563 189,263 247,882 Income (loss) from operations $ (207,907) $ (77,979) $ (285,886) $ 224,870 $ (420,174) $ (481,190) Other income 566,754 Income tax expense - Income from continuing operations $ 85,564

DISCONTINUED OPERATIONS AND ASS

DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE	9 Months Ended
	Sep. 30, 2024
DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE
DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE	NOTE 12 – DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE As described in Note 1 The key components of the income (loss) from discontinued operations for the three and nine months ended September 30, 2024 and 2023 were as follows: For the three months ended For the nine months ended September 30, 2024 September 30, 2023 September 30, 2024 September 30, 2023 REVENUES $ 151,158 $ 249,933 $ 1,241,032 $ 488,389 COST OF REVENUES 153,097 1,569,413 1,134,808 2,828,794 GROSS PROFIT (LOSS) (1,939 ) (1,319,480 ) 106,224 (2,340,405 ) OPERATING EXPENSES: General and administrative 22,072 11,032 92,472 49,301 Professional fees 18,563 63,681 72,893 164,625 Other operating expenses 3,404 66,637 118,933 310,985 TOTAL OPERATING EXPENSES 44,039 141,350 284,298 524,911 LOSS FROM OPERATIONS (45,978 ) (1,460,830 ) (178,074 ) (2,865,316 ) OTHER INCOME (EXPENSE): Other miscellaneous income (expense) 1,566 1,087 (16,711 ) (8,225 ) TOTAL OTHER INCOME (EXPENSE) 1,566 1,087 (16,711 ) (8,225 ) LOSS FROM DISCONTINUED OPERATIONS, BEFORE TAX (44,412 ) (1,459,743 ) (194,785 ) (2,873,541 ) Income tax expense - - - - LOSS FROM DISCONTINUED OPERATIONS, NET OF TAX $ (44,412) $ (1,459,743) $ (194,785) $ (2,873,541) Depreciation and amortization expense of USAMSA totaled $nil for the three and nine months ended September 30, 2024, and $155,538 and $466,421 for the three and nine months ended September 30, 2023, respectively. Capital expenditures of USAMSA were $nil for the three and nine months ended September 30, 2024, and $30,000 and $182,322 for the three and nine months ended September 30, 2023, respectively. The carrying amounts of major classes of assets and liabilities of USAMSA included in assets and liabilities of discontinued operations were as follows: September 30, 2024 December 31, 2023 ASSETS CURRENT ASSETS Accounts receivable $ 40,193 $ - Inventories, net 31,457 366,955 Prepaid expenses and other current assets 2,910 - Total current assets, discontinued operations 74,560 366,955 Properties, plants and equipment, net 5,689,446 5,689,446 IVA receivable and other assets, net 428,164 491,139 Total assets, discontinued operations $ 6,192,170 $ 6,547,540 LIABILITIES CURRENT LIABILITIES Accounts payable 133,780 126,788 Accrued liabilities 15,053 24,500 Total current liabilities, discontinued operations 148,833 151,288 Asset retirement obligations 536,466 536,466 Total liabilities, discontinued operations $ 685,299 $ 687,754 Mexico 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 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 $865,000 USD as of December 31, 2019. Management reviewed the 2019 assessment notice from SAT and, similar to the earlier assessment, believed the findings have no merit. An appeal was filed by the Company in November 2019 suspending SAT from taking immediate action regarding the assessment. 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, which was subsequently appealed by the Company. As of December 31, 2023, the updated SAT assessment was approximately $22.4 million pesos, or approximately $1,320,000 USD, which includes $352,000 of unpaid income taxes and $968,000 of interest and penalties. Management, along with its legal counsel, assessed the possible outcomes for this tax audit and believed, based on discussions with its attorneys located in Mexico, that the most likely outcome would be that the Company would be successful in its appeal resulting in no tax due. Management determined that no amount should be accrued at December 31, 2023 relating to this potential tax liability. In March 2024, Mexico’s appellate court ruled in favor of the Company with no assessment due related to this audit of USAMSA’s 2013 income tax return by SAT and instructed the lower court to issue a new ruling. In May 2024, Mexico’s lower court issued a final ruling on this matter in favor of the Company but left open the possibility for the SAT to re-open their audit. Subsequent to this judgment, the Company requested a final ruling on whether SAT can re-open this matter, on which the appellate court has not ruled. These rulings support the Company’s position on this tax matter and have had no impact on the Company’s financial statements. Mexico Value Added Tax USAMSA records a receivable for the Value Added Tax (“VAT” or “IVA”) it pays on certain goods and services representing amounts to be reimbursed from the Mexican government. This receivable balance of $973,414 and $1,122,628 at September 30, 2024 and December 31, 2023, respectively, is recorded in “IVA receivable and other assets, net” in USAMSA’s assets held for sale in discontinued operations net of a reserve of $601,295 and $687,534 at September 30, 2024 and December 31, 2023, respectively.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2024
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	Note 13 - SUBSEQUENT EVENTS On November 12, 2024, the Company entered into a Sales Agreement (“Sales Agreement’) with A.G.P./Alliance Global Partners (“A.G.P.”) to sell shares of the Company’s common stock, with aggregate gross proceeds of up to $25,000,000, from time to time, through an “at the market offering” program under which A.G.P. will act as sales agent. Under the Sales Agreement, the Company will set the parameters for the sale of shares, including the number of shares to be issued, the time period during which sales are requested to be made, limitations on the number of shares that may be sold in any one trading day and any minimum price below which sales may not be made. The Sales Agreement provides that A.G.P. will be entitled to compensation for its services in an amount equal to up to 3.0% of the gross proceeds from the sale of shares sold under the Sales Agreement. The Company has no obligation to sell any shares under the Sales Agreement and may suspend solicitation and offers under the Sales Agreement. The shares will be issued pursuant to the Company’s shelf registration statement on Form S-3 and the Prospectus Supplement to be filed on November 12, 2024 with the U.S. Securities and Exchange Commission in connection with the offer and sale of the shares pursuant to the Sales Agreement.

BASIS OF PRESENTATION AND SIG_2

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2024
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.
Assets Held for Sale and Discontinued Operations	The Company classifies assets and liabilities to be sold ("Disposal Group") as held for sale in the period when all of the applicable criteria are met, including: (i) management commits to a plan to sell, (ii) the Disposal Group is available to sell in its present condition, (iii) there is an active program to locate a buyer, (iv) the Disposal Group is being actively marketed at a reasonable price in relation to its fair value, (v) significant changes to the plan to sell are unlikely, and (vi) the sale of the Disposal Group is generally probable of being completed within one year. Management performs an assessment at least quarterly or when events or changes in business circumstances indicate that a change in classification may Assets and liabilities held for sale are presented separately within the Condensed Consolidated Balance Sheets with any adjustments necessary to measure the Disposal Group at the lower of its carrying value or fair value less costs to sell. Depreciation of property and equipment are not recorded while these assets are classified as held for sale. For each period the Disposal Group remains classified as held for sale, its recoverability is reassessed and any necessary adjustments are made to its carrying value. The Company categorizes the assets and liabilities of a Disposal Group, or business component, as discontinued operations once management commits to a plan to sell, the business segment is available for immediate sale, management has initiated a plan to sell at a price that is reasonable in relation to its fair value, management anticipates the sale will occur within one year, and it is unlikely that significant changes will be made to the plan to sell. In addition, the business component must be comprised of operations and cash flows that are clearly distinguished from the rest of the entity. The results of discontinued operations are aggregated and presented separately in the Condensed Consolidated Balance Sheets, Condensed Consolidated Statements of Operations, and Condensed Consolidated Statements of Cash Flows.
Share-Based Compensation	The Company’s share-based awards consist of restricted stock units (“RSUs”) and stock options granted to employees, consultants, and directors of the Company. RSUs are stock awards entitling the award recipient to a specified number of shares of the Company’s common stock as the award vests. Each RSU granted includes a service-based vesting condition. The Company calculates the fair value of RSUs on the grant date using the closing market price of the Company’s common stock on the grant date. The Company recognizes the grant date fair value of RSUs as share-based compensation expense ratably over the requisite service period, other than RSUs or portions of RSUs that vest on the grant date, in which case the grant date fair value of that RSU or portion of RSU is recognized as share-based compensation expense on the grant date. The Company recognizes forfeitures as they occur. Stock options grant award recipients the option to purchase a specified number of shares of the Company’s common stock at an exercise price per share specified in the grant agreement as the stock options vest. Stock option grants include either a service-based vesting condition or performance-based vesting conditions with a specified contractual term. The Company calculates the fair value of stock options on the grant date using the Black-Scholes option-pricing model, which requires the Company to make estimates and assumptions, such as expected volatility, expected term, and risk-free interest rate. Service and performance conditions are not considered in determining the award’s fair value on the grant date. The Company recognizes share-based compensation expense related to stock option awards from the grant date through the vesting date. For service-based vesting stock option grants, the Company expenses the grant date fair value of the award ratably over the requisite service period. For performance-based vesting stock option grants, the Company expenses the grant date fair value of the award ratably from the grant date through the vesting date based on the probability and timing of achieving the performance conditions. The Company recognizes forfeitures as they occur. The expense related to employee and consultant share-based awards is recorded in “Salaries and benefits” and the expense related to director share-based awards is recorded in “General and administrative” in the Condensed Consolidated Statements of Operations.
Leases	The Company determines if an arrangement contains a lease at inception. An arrangement contains a lease if it implicitly or explicitly identifies an asset to be used and conveys the right to control the use of the identified asset in exchange for consideration. As a lessee, the Company includes operating leases in "Operating lease right-of-use assets" and "Current and noncurrent operating lease liabilities" in its Condensed Consolidated Balance sheet. Right-of-use assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent the Company's obligation to make lease payments arising from the lease. Operating lease right-of-use assets and liabilities are recognized upon commencement of the lease based on the present value of the lease payments over the lease term. Incremental costs of a lease that would not have been incurred if the lease had not been obtained are capitalized as initial direct costs (“IDC”). The Company amortizes the undiscounted fixed lease cost and the IDC on a straight-line basis over the lease term. If a lease does not provide an implicit interest rate, the Company uses its incremental borrowing rate based on the information available at commencement date to determine the present value of lease payments.
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. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, amending reportable segment disclosure requirements to include disclosure of incremental segment information on an annual and interim basis. Among the disclosure enhancements are new disclosures regarding significant segment expenses that are regularly provided to the chief operating decision-maker and included within each reported measure of segment profit or loss, as well as other segment items bridging segment revenue to each reported measure of segment profit or loss. The amendments in ASU 2023-07 are effective for fiscal years beginning after December 15, 2023, and for interim periods beginning January 1, 2025, and are applied retrospectively. Early adoption is permitted. We are currently evaluating the effect the updated standard will have on our consolidated financial statements and disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvement to Income Tax Disclosures, amending income tax disclosure requirements for the effective tax rate reconciliation and income taxes paid. The amendments in ASU 2023-09 are effective for fiscal years beginning after December 15, 2024 and are applied prospectively. Early adoption and retrospective application of the amendments are permitted. We are currently evaluating the effect the updated standard will have on our consolidated financial statements and disclosures.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2024
EARNINGS PER SHARE
Antidilutive securities excluded from computation of earnings per share	September 30, 2024 September 30, 2023 Warrants 12,346,215 12,346,215 Stock options and RSU awards 6,408,333 - Total possible dilution 18,754,548 12,346,215

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	9 Months Ended
	Sep. 30, 2024
REVENUE RECOGNITION
Disaggregation of Revenue	For the three months ended September 30, 2024 September 30, 2023 Antimony product revenue $ 1,338,640 $ 1,391,733 Zeolite product revenue 682,947 671,825 Precious metals product revenue 399,433 - TOTAL REVENUES $ 2,421,020 $ 2,063,558 For the nine months ended September 30, 2024 September 30, 2023 Antimony product revenue $ 5,381,803 $ 4,356,077 Zeolite product revenue 2,280,338 1,941,009 Precious metals product revenue 404,049 242,433 TOTAL REVENUES $ 8,066,190 $ 6,539,519
Revenue by Geographic Area	For the three months ended September 30, 2024 September 30, 2023 Domestic revenues $ 1,897,120 $ 1,541,870 Foreign revenues 523,900 521,688 TOTAL REVENUES $ 2,421,020 $ 2,063,558 For the nine months ended September 30, 2024 September 30, 2023 Domestic revenues $ 6,346,717 $ 5,126,304 Foreign revenues 1,719,473 1,413,215 TOTAL REVENUES $ 8,066,190 $ 6,539,519

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Sep. 30, 2024
INVENTORIES
Schedule of Inventory Current	September 30, 2024 December 31, 2023 Antimony oxide inventory $ 230,958 $ 252,927 Antimony metal inventory 145,129 237,429 Antimony ore and concentrates inventory 35,670 23,752 Total antimony inventory 411,757 514,108 Zeolite inventory 555,057 505,046 TOTAL INVENTORIES $ 966,814 $ 1,019,154

PROPERTIES PLANTS AND EQUIPME_2

PROPERTIES PLANTS AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2024
PROPERTIES PLANTS AND EQUIPMENT
Major components of property, plant and equipment	September 30, 2024 Antimony Segment Zeolite Segment Precious Metals USAC Mexico BRZ Segment TOTAL Plant and equipment $ 1,971,255 $ 394,545 $ 6,576,506 $ 234,174 $ 9,176,480 Buildings 243,248 11,970 1,705,893 - 1,961,111 Mineral rights and interests 10,000 100,000 16,753 - 126,753 Land 1,493,609 914,443 - - 2,408,052 Construction in progress - - 45,253 - 45,253 PP&E, cost $ 3,718,112 $ 1,420,958 $ 8,344,405 $ 234,174 $ 13,717,649 Accumulated depreciation (1,765,977 ) (247,094 ) (3,762,123 ) (191,107 ) (5,966,301 ) PP&E, net $ 1,952,135 $ 1,173,864 $ 4,582,282 $ 43,067 $ 7,751,348 December 31, 2023 Antimony Segment Zeolite Segment Precious Metals USAC Mexico BRZ Segment TOTAL Plant and equipment $ 1,971,255 $ 394,545 $ 6,007,694 $ 234,174 $ 8,607,668 Buildings 243,248 11,970 2,025,043 - 2,280,261 Mineral rights and interests - 100,000 16,753 - 116,753 Land 1,493,609 914,443 - - 2,408,052 Construction in progress - - 8,951 - 8,951 PP&E, cost $ 3,708,112 $ 1,420,958 $ 8,058,441 $ 234,174 $ 13,421,685 Accumulated depreciation (1,723,941 ) (235,024 ) (3,524,130 ) (173,545 ) (5,656,640 ) PP&E, net $ 1,984,171 $ 1,185,934 $ 4,534,311 $ 60,629 $ 7,765,045
Schedule of the decision to sell a non-core asset	Proceeds from the sale $ 314,125 Net book value of the BRZ Home 297,873 Gain on sale $ 16,252
Schedule of the Mineral rights and interests	Payment Date Payment Amount August 2024 $ 10,000 November 2024 15,000 February 2025 35,000 August 2025 40,000 August 2026 50,000 August 2027 50,000 August 2028 75,000 Total $ 275,000

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2024
LEASES
Summarizes expense and cash payments for operating leases	For the three and nine months ended September 30, 2024 September 30, 2023 Operating lease expense $ 33,611 $ - Cash paid for operating lease liability $ 15,000 $ - Cash paid for initial direct cost $ 10,000 $ -
Schedule of Remaining lease term and discount rate	September 30, 2024 Remaining lease term - operating lease 17.5 months Discount rate - operating lease 3.49 %
Maturity Of Lease Liabilities	Twelve months ending September 30, 2025 $ 757,500 2026 427,500 Total undiscounted future minimum lease payments 1,185,000 Less: discount on lease liability (402,354 ) Total discounted operating lease liability at September 30, 2024 782,646 Less: current portion of operating lease liability (483,211 ) Noncurrent operating lease liability $ 299,435

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	9 Months Ended
	Sep. 30, 2024
LONG-TERM DEBT
Schedule of Long-term debt	September 30, 2024 December 31, 2023 Installment contract payable to Komatsu, bearing interest at 3.49%, payable in 36 monthly installments of $11,799 maturing May 2027; collateralized by the Wheel Loader $ 360,026 $ - 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 - 28,443 Total debt 360,026 28,443 Less current portion of debt (131,105 ) (28,443 ) Long term portion of debt $ 228,921 $ -
Schedule of principal payments on debt	Twelve months ending September 30, Principal Payment 2025 $ 131,105 2026 135,754 2027 93,167 $ 360,026

STOCKHOLDERS EQUITY (Tables)

STOCKHOLDERS EQUITY (Tables)	9 Months Ended
	Sep. 30, 2024
STOCKHOLDERS' EQUITY
Schedule of share based compensation expenses	Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Share-based compensation expense: Stock options $ 97,655 $ - $ 161,124 $ - RSUs $ 55,064 $ - $ 292,442 $ - Total share-based compensation expense $ 152,719 $ - $ 453,566 $ -
Schedule of annual weighted average assumptions	Nine Months Ended Grant-Date Weighted-Average Assumptions September 30, 2024 Expected term (in years) 4.5 Risk-free interest rate 4.3 % Expected dividend yield 0.0 % Expected volatility 136.0 % Fair value per share of options granted $ 0.18
Schedule of stock option activity	Weighted-Average Weighted-Average Remaining Aggregate Exercise Price Contractual Intrinsic Shares Per Share Term (in years) Value Options outstanding, December 31, 2023 - n/a n/a n/a Granted 4,330,000 $ 0.23 n/a n/a Exercised - n/a n/a n/a Forfeited - n/a n/a n/a Expired - n/a n/a n/a Options outstanding, September 30, 2024 4,330,000 $ 0.23 4.0 $ 2,279,400 Nonvested options, September 30, 2024 4,272,500 $ 0.23 3.9 $ 2,254,175 Vested and exercisable options, September 30, 2024 57,500 $ 0.32 9.8 $ 25,225
Schedule of Resricted stock unit activity	Weighted-Average Grant-Date Fair Value Shares Per Share Nonvested shares at December 31, 2023 - n/a Granted 2,870,000 $ 0.23 Vested (791,667 ) $ 0.22 Forfeited - n/a Nonvested shares at September 30, 2024 2,078,333 $ 0.24
Schedule of Warrants outstanding	Number of warrants Exercise Price Expiration Date Remaining life (years) 2,285,715 $ 0.46 1/27/2026 1.33 804,000 $ 0.46 1/27/2026 1.33 7,650,000 $ 0.85 8/3/2026 1.84 1,606,500 $ 0.85 2/1/2026 1.34 12,346,215

BUSINESS SEGEMENTS (Tables)

BUSINESS SEGEMENTS (Tables)	9 Months Ended
	Sep. 30, 2024
BUSINESS SEGMENTS
Schedule of Segment information	Total Assets, Excluding Discontinued Operations September 30, 2024 December 31, 2023 Antimony segment: United States $ 16,514,199 $ 14,769,408 Mexico 1,239,959 1,211,319 Subtotal antimony segment $ 17,754,158 $ 15,980,727 Precious metals segment: United States $ 142,925 $ 92,718 Mexico - - Subtotal precious metals segment $ 142,925 $ 92,718 Zeolite segment 5,663,794 5,474,010 Total assets, excluding discontinued operations $ 23,560,877 $ 21,547,455
Summary of capital expenditure excluding discontinued operation	Capital expenditures, Excluding Discontinued Operations For the three months ended For the nine months ended September 30, 2024 September 30, 2023 September 30, 2024 September 30, 2023 Antimony segment: United States capital expenditures $ 10,000 $ - $ 10,000 $ 61,849 Mexico capital expenditures - - - - Subtotal antimony segment $ 10,000 $ - $ 10,000 $ 61,849 Precious metals segment - - - - Zeolite segment 62,337 141,864 213,058 1,275,549 Total capital expenditures, excluding discontinued operations $ 72,337 $ 141,864 $ 223,058 $ 1,337,398
Summary of segment operation excluding discontinued operation	For the three months ended September 30, 2024 Antimony USA Antimony Mexico Total Antimony Precious Metals Zeolite Total Total revenues $ 1,338,640 $ - $ 1,338,640 $ 399,433 $ 682,947 $ 2,421,020 Depreciation and amortization 14,048 4,023 18,071 5,854 95,659 119,584 Income (loss) from operations $ (809,755) $ (26,196) $ (835,951) $ 393,579 $ (402,671) $ (845,043) Other income 161,946 Income tax expense - Loss from continuing operations $ (683,097) For the three months ended September 30, 2023 Antimony USA Antimony Mexico Total Antimony Precious Metals Zeolite Total Total revenues $ 1,391,733 $ - $ 1,391,733 $ - $ 671,825 $ 2,063,558 Depreciation and amortization 10,361 4,015 14,376 5,854 73,194 93,424 Income (loss) from operations $ 47,534 $ (25,990) $ 21,544 $ (5,854) $ (379,421) $ (363,731) Other income 178,946 Income tax expense - Loss from continuing operations $ (184,785) For the nine months ended September 30, 2024 Antimony USA Antimony Mexico Total Antimony Precious Metals Zeolite Total Total revenues $ 5,381,803 $ - $ 5,381,803 $ 404,049 $ 2,280,338 $ 8,066,190 Depreciation and amortization 42,036 12,071 54,107 17,563 268,547 340,217 Income (loss) from operations $ (452,858) $ (78,589) $ (531,447) $ 386,486 $ (982,432) $ (1,127,393) Other income $ 474,693 Income tax expense - Loss from continuing operations $ (652,700) For the nine months ended September 30, 2023 Antimony USA Antimony Mexico Total Antimony Precious Metals Zeolite Total Total revenues $ 4,356,077 $ - $ 4,356,077 $ 242,433 $ 1,941,009 $ 6,539,519 Depreciation and amortization 29,002 12,054 41,056 17,563 189,263 247,882 Income (loss) from operations $ (207,907) $ (77,979) $ (285,886) $ 224,870 $ (420,174) $ (481,190) Other income 566,754 Income tax expense - Income from continuing operations $ 85,564

DISCONTINUED OPERATIONS AND A_2

DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE (Table)	9 Months Ended
	Sep. 30, 2024
DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE
Income Loss from discontinued operations	For the three months ended For the nine months ended September 30, 2024 September 30, 2023 September 30, 2024 September 30, 2023 REVENUES $ 151,158 $ 249,933 $ 1,241,032 $ 488,389 COST OF REVENUES 153,097 1,569,413 1,134,808 2,828,794 GROSS PROFIT (LOSS) (1,939 ) (1,319,480 ) 106,224 (2,340,405 ) OPERATING EXPENSES: General and administrative 22,072 11,032 92,472 49,301 Professional fees 18,563 63,681 72,893 164,625 Other operating expenses 3,404 66,637 118,933 310,985 TOTAL OPERATING EXPENSES 44,039 141,350 284,298 524,911 LOSS FROM OPERATIONS (45,978 ) (1,460,830 ) (178,074 ) (2,865,316 ) OTHER INCOME (EXPENSE): Other miscellaneous income (expense) 1,566 1,087 (16,711 ) (8,225 ) TOTAL OTHER INCOME (EXPENSE) 1,566 1,087 (16,711 ) (8,225 ) LOSS FROM DISCONTINUED OPERATIONS, BEFORE TAX (44,412 ) (1,459,743 ) (194,785 ) (2,873,541 ) Income tax expense - - - - LOSS FROM DISCONTINUED OPERATIONS, NET OF TAX $ (44,412) $ (1,459,743) $ (194,785) $ (2,873,541)
Assets and liabilities of discontinued operations	September 30, 2024 December 31, 2023 ASSETS CURRENT ASSETS Accounts receivable $ 40,193 $ - Inventories, net 31,457 366,955 Prepaid expenses and other current assets 2,910 - Total current assets, discontinued operations 74,560 366,955 Properties, plants and equipment, net 5,689,446 5,689,446 IVA receivable and other assets, net 428,164 491,139 Total assets, discontinued operations $ 6,192,170 $ 6,547,540 LIABILITIES CURRENT LIABILITIES Accounts payable 133,780 126,788 Accrued liabilities 15,053 24,500 Total current liabilities, discontinued operations 148,833 151,288 Asset retirement obligations 536,466 536,466 Total liabilities, discontinued operations $ 685,299 $ 687,754

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
TOTAL POSSIBLE DILUTIVE SHARES	$ 18,754,548	$ 12,346,215
Stock Options And RSU Awards [Member]
TOTAL POSSIBLE DILUTIVE SHARES	6,408,333
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, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
REVENUE	$ 2,421,020	$ 2,063,558	$ 8,066,190	$ 6,539,519
Antimony [Member]
REVENUE	1,338,640	1,391,733	5,381,803	4,356,077
Zeolite [Member]
REVENUE	682,947	671,825	2,280,338	1,941,009
Precious Metals [Member]
REVENUE	$ 399,433	$ 0	$ 404,049	$ 242,433

REVENUE RECOGNITION (Details 1)

REVENUE RECOGNITION (Details 1) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
REVENUE	$ 2,421,020	$ 2,063,558	$ 8,066,190	$ 6,539,519
Domestic revenues [Member]
REVENUE	1,897,120	1,541,870	6,346,717	5,126,304
Foreign revenues [Member]
REVENUE	$ 523,900	$ 521,688	$ 1,719,473	$ 1,413,215

REVENUE RECOGNITION (Details Na

REVENUE RECOGNITION (Details Narrative) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
REVENUE RECOGNITION
Trade accounts receivable balance related to contracts with customers	$ 791,557	$ 625,256
Doubtful related trade accounts receivables	$ 240,466	$ 271,212

INVENTORIES (Details)

INVENTORIES (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Inventories	$ 966,814	$ 1,019,154
Antimony Metals [Member]
Inventories	145,129	237,429
Antimony Oxides [Member]
Inventories	230,958	252,927
Antimony Ore Concentrates [Member]
Inventories	35,670	23,752
Zeolite Products [Member]
Inventories	555,057	505,046
Antimony [Member]
Inventories	$ 411,757	$ 514,108

INVENTORIES (Details Narrative)

INVENTORIES (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
INVENTORIES
Write down of inventory to net realizable value	$ 63,574	$ 0

PROPERTIES PLANTS AND EQUIPME_3

PROPERTIES PLANTS AND EQUIPMENT (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Plant and equipment	$ 9,176,480	$ 8,607,668
Buildings	1,961,111	2,280,261
Mineral rights and interests	126,753	116,753
Land and other	2,408,052	2,408,052
Construction in progress	45,253	8,951
Property plant and equipment, cost	13,717,649	13,421,685
Accumulated Deprecation	(5,966,301)	(5,656,640)
Property plant and equipment, net	7,751,348	7,765,045
Antimony Segment USAC [Member]
Plant and equipment	1,971,255	1,971,255
Buildings	243,248	243,248
Mineral rights and interests	10,000	0
Land and other	1,493,609	1,493,609
Construction in progress	0	0
Property plant and equipment, cost	3,718,112	3,708,112
Accumulated Deprecation	(1,765,977)	(1,723,941)
Property plant and equipment, net	1,952,135	1,984,171
Zeolite Segment BRZ [Member]
Plant and equipment	6,576,506	6,007,694
Buildings	1,705,893	2,025,043
Mineral rights and interests	16,753	16,753
Land and other	0	0
Construction in progress	45,253	8,951
Property plant and equipment, cost	8,344,405	8,058,441
Accumulated Deprecation	(3,762,123)	(3,524,130)
Property plant and equipment, net	4,582,282	4,534,311
Precious Metals Segment [Member]
Plant and equipment	234,174	234,174
Buildings	0	0
Mineral rights and interests	0	0
Land and other	0	0
Construction in progress	0	0
Property plant and equipment, cost	234,174	234,174
Accumulated Deprecation	(191,107)	(173,545)
Property plant and equipment, net	43,067	60,629
Antimony Segment Mexico [Member]
Plant and equipment	394,545	394,545
Buildings	11,970	11,970
Mineral rights and interests	100,000	100,000
Land and other	914,443	914,443
Construction in progress	0	0
Property plant and equipment, cost	1,420,958	1,420,958
Accumulated Deprecation	(247,094)	(235,024)
Property plant and equipment, net	$ 1,173,864	$ 1,185,934

PROPERTIES PLANTS AND EQUIPME_4

PROPERTIES PLANTS AND EQUIPMENT (Details 1) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
PROPERTIES PLANTS AND EQUIPMENT
Proceeds from the sale	$ 314,125	$ 0
Net book value of the BRZ Home	297,873
Gain on sale	$ 16,252

PROPERTIES PLANTS AND EQUIPME_5

PROPERTIES PLANTS AND EQUIPMENT (Details 2)	Sep. 30, 2024 USD ($)
PROPERTIES PLANTS AND EQUIPMENT
August 2024	$ 10,000
November 2024	15,000
February 2025	35,000
August 2025	40,000
August 2026	50,000
August 2027	50,000
August 2028	75,000
Total	$ 275,000

PROPERTIES PLANTS AND EQUIPME_6

PROPERTIES PLANTS AND EQUIPMENT (Details Narrative)	1 Months Ended
	Aug. 30, 2024 USD ($)
PROPERTIES PLANTS AND EQUIPMENT
Description of royalty payment agreement	The Sudbury Agreement requires a royalty payment by the Company of 2.5% of the production from the claims (“Net Smelter Royalty”) with a minimum royalty payment beginning on the fifth anniversary of the agreement of $12,000 per year. 1% of the Net Smelter Royalty can be purchased back by the Company at any time for $1 million. Also, the Sudbury Agreement includes a commitment by the Company to spend an aggregate of $250,000 over four years beginning on the agreement date, with various milestones over this four-year period
Mining leases Payments	$ 10,000

LEASES (Details)

LEASES (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
LEASES
Operating lease expense	$ 33,611	$ 0	$ 33,611	$ 0
Cash paid for operating lease liability			15,000	0
Cash paid for initial direct cost			$ 10,000	$ 0

LEASES (Details 1)

LEASES (Details 1)	9 Months Ended
	Sep. 30, 2024
LEASES
Discount rate - operating lease	3.49%
Remaining lease term - operating lease	17 months 15 days

LEASES (Details 2)

LEASES (Details 2) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
LEASES
2025	$ 757,500
2026	427,500
Total undiscounted future minimum lease payments	1,185,000
Less: discount on lease liability	(402,354)
Total discounted operating lease liability at September 30, 2024	782,646
Less: current portion of operating lease liability	(483,211)	$ 0
Noncurrent operating lease liability	$ 299,435	$ 0

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
LEASES
Lease liability	$ 787,477		$ 787,477
Lease right of use assets			764,035		$ 0
Lease obligation	782,646		782,646
Milling fee payments			10,000
Lease expense	33,611	$ 0	33,611	$ 0
Lease	$ 10,000	$ 15,000	$ 0	$ 0
Weighted Average Remaining Lease Term			18 months
Desription of metals concentration facility location			the first six months of the lease of $10,000 per month, or $60,000 in total, and fixed cash payments in advance in the last twelve months of the lease of $95,000 per month, or $1.14 million in total, which includes a fixed monthly fee of $45,000 and a minimum milling fee of $50,000 per month. An additional payment of $50 per ton is due each month in the last twelve months of the lease for all milling in excess of 1,000 tons per month
Weighted Average Discount Rate	3.49%		3.49%

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Long term debt	$ 360,026	$ 28,443
Less current portion	(131,105)	(28,443)
Long term portion	228,921	0
Caterpillar Financial Services One [Member]
Long term debt	0	28,443
Caterpillar Financial Services [Member]
Long term debt	$ 360,026	$ 0

LONG-TERM DEBT (Details 1)

LONG-TERM DEBT (Details 1) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
LONG-TERM DEBT
2025	$ 131,105
2026	135,754
2027	93,167
Long term debt	$ 360,026	$ 28,443

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Accrued royalties payable	$ 105,174	$ 153,429
Minimum [Member]
Royalties vary	8%
Maximum [Member]
Royalties vary	13%

STOCKHOLDERS EQUITY (Details)

STOCKHOLDERS EQUITY (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
STOCKHOLDERS' EQUITY
Stock options	$ 97,655	$ 0	$ 161,124	$ 0
RSUs	55,064	0	292,442	0
Total share-based compensation expense	$ 152,719	$ 0	$ 453,566	$ 0

STOCKHOLDERS EQUITY (Details 1)

STOCKHOLDERS EQUITY (Details 1)	9 Months Ended
	Sep. 30, 2024 $ / shares
STOCKHOLDERS' EQUITY
Expected term (in years)	4 years 6 months
Risk-free interest rate	4.30%
Expected dividend yield	0%
Expected volatility	136%
Fair value per share of options granted	$ 0.18

STOCKHOLDERS EQUITY (Details 2)

STOCKHOLDERS EQUITY (Details 2) - Options [Member]	9 Months Ended
	Sep. 30, 2024 USD ($) $ / shares shares
Options outstanding at beginning of year	0
Options granted	4,330,000
Options exercised	0
Options forfeited	0
Options expired	0
Options outstanding at end of year	4,330,000
Vested and exercisable options at the end of year	57,500
Nonvested options at the end of year	4,272,500
Weighted Average Exercise Price, Granted | $ / shares	$ 0.23
Weighted Average Exercise Price, Options outstanding at end of year | $ / shares	0.23
Weighted Average Exercise Price, Vested and exercisable options at end of year | $ / shares	0.32
Weighted Average Exercise Price, nonvested options at end of year | $ / shares	$ 0.23
Options Outstanding, Weighted Average Remaining Contractual Life at the end	4 years
Nonvested options, Weighted Average Remaining Contractual Life at the end	3 years 10 months 24 days
Vested and exercisable options, Weighted Average Remaining Contractual Life at the end	9 years 9 months 18 days
Options Outstanding, Aggregate Intrinsic Value at the end | $	$ 2,279,400
Nonvested options, Aggregate Intrinsic Value at the end | $	$ 2,254,175
Vested and exercisable options at end of year	25,225

STOCKHOLDERS EQUITY (Details 3)

STOCKHOLDERS EQUITY (Details 3) - Restricted Stock Units [Member]	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Nonvested options at the end of year	0
Granted	2,870,000
Vested	(791,667)
Forfeited	0
Nonvested options at the end of year	2,078,333
Weighted average grant date fair value, granted | $ / shares	$ 0.23
Weighted average grant date fair value, vested | $ / shares	0.22
Weighted average grant date fair value, Nonvested at the end of year | $ / shares	$ 0.24

STOCKHOLDERS EQUITY (Details 4)

STOCKHOLDERS EQUITY (Details 4)	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Warrant 1
Number of warrants	2,285,715
Exercise Price | $ / shares	$ 0.46
Remaining life	1 year 3 months 29 days
Expiration date	Jan. 27, 2026
Warrant 2
Number of warrants	804,000
Exercise Price | $ / shares	$ 0.46
Remaining life	1 year 10 months 2 days
Expiration date	Jan. 27, 2026
Warrant 3
Number of warrants	7,650,000
Exercise Price | $ / shares	$ 0.85
Remaining life	1 year 3 months 29 days
Expiration date	Aug. 03, 2026
Warrant 4
Number of warrants	1,606,500
Exercise Price | $ / shares	$ 0.85
Remaining life	1 year 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	3 Months Ended		9 Months Ended
	Jan. 26, 2023	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Jan. 25, 2023
Cash paid to shareholders						$ 787,730
Description of returned of shares	Company returned to treasury and cancelled 418,696 of its common shares which were repurchased prior to December 31, 2022 for $202,980
Total share-based compensation expense		$ 152,719	$ 0	$ 453,566	$ 0
Preferred stock, issued shares						1,692,672
Options [Member]
Weighted Average Remaining Contractual Term				4 years
Unrecognized compensation expense				$ 634,781
Weighted-average remaining life				2 years 3 months 18 days
Options [Member] | Maximum [Member]
Weighted Average Remaining Contractual Term				10 years
Options [Member] | Minimum [Member]
Weighted Average Remaining Contractual Term				3 years
Restricted Stock Units [Member]
Unrecognized compensation expense				$ 373,108
Weighted-average remaining life				1 year 9 months 18 days
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, 2024	Dec. 31, 2023
Total assets	$ 23,560,877	$ 21,547,455
Mexico Antimony [Member]
Total assets	1,239,959	1,211,319
United States Antimony [Member]
Total assets	16,514,199	14,769,408
Subtotal Antimony [Member]
Total assets	17,754,158	15,980,727
United States Precious Metals [Member]
Total assets	142,925	92,718
Mexico Precious Metals [Member]
Total assets	0	0
Subtotal Precious Metals [Member]
Total assets	142,925	92,718
Zeolite [Member]
Total assets	$ 5,663,794	$ 5,474,010

BUSINESS SEGMENTS (Details 1)

BUSINESS SEGMENTS (Details 1) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Capital expenditures	$ 72,337	$ 141,864	$ 223,058	$ 1,337,398
Mexico Antimony [Member]
Capital expenditures	0	0	0	0
United States Antimony [Member]
Capital expenditures	10,000	0	10,000	61,849
Subtotal Antimony [Member]
Capital expenditures	10,000	0	10,000	61,849
Subtotal Precious Metals [Member]
Capital expenditures	0	0	0	0
Zeolite [Member]
Capital expenditures	$ 62,337	$ 141,864	$ 213,058	$ 1,275,549

BUSINESS SEGMENTS (Details 2)

BUSINESS SEGMENTS (Details 2) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
REVENUE	$ 2,421,020	$ 2,063,558	$ 8,066,190	$ 6,539,519
Depreciation and amortization	119,584	93,424	340,217	247,882
Income (loss) from operations	(845,043)	(363,731)	(1,127,393)	(481,190)
Other income	161,946	178,946	474,693	566,754
Income tax expense	0	0	0	0
Loss from continuing operations	(683,097)	(184,785)	(652,700)	85,564
Mexico Antimony [Member]
REVENUE	0	0	0	0
Depreciation and amortization	4,023	4,015	12,071	12,054
Income (loss) from operations	(26,196)	(25,990)	(78,589)	(77,979)
United States Antimony [Member]
REVENUE	1,338,640	1,391,733	5,381,803	4,356,077
Depreciation and amortization	14,048	10,361	42,036	29,002
Income (loss) from operations	(809,755)	47,534	(452,858)	(207,907)
Total Antimony [Member]
REVENUE	1,338,640	1,391,733	5,381,803	4,356,077
Depreciation and amortization	18,071	14,376	54,107	41,056
Income (loss) from operations	(835,951)	21,544	(531,447)	(285,886)
Zeolite [Member]
REVENUE	682,947	671,825	2,280,338	1,941,009
Depreciation and amortization	95,659	73,194	268,547	189,263
Income (loss) from operations	(402,671)	(379,421)	(982,432)	(420,174)
Precious Metals [Member]
REVENUE	399,433	0	404,049	242,433
Depreciation and amortization	5,854	5,854	17,563	17,563
Income (loss) from operations	$ 393,579	$ (5,854)	$ 386,486	$ 224,870

BUSINESS SEGMENTS (Details Narr

BUSINESS SEGMENTS (Details Narrative)	9 Months Ended
	Sep. 30, 2024 USD ($)
Zeolite [Member]
Capital expenditures	$ 402,722

DISCONTINUED OPERATIONS AND A_3

DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
REVENUE	$ 2,421,020	$ 2,063,558	$ 8,066,190	$ 6,539,519
COST OF REVENUES	1,995,252	1,805,150	5,908,877	5,499,709
GROSS PROFIT (LOSS)	425,768	258,408	2,157,313	1,039,810
General and administrative	588,816	290,045	1,521,576	678,735
Professional fees	165,839	103,127	564,525	340,194
Other operating expenses	102,970	0	240,961	0
TOTAL OPERATING EXPENSES	1,270,811	622,139	3,284,706	1,521,000
LOSS FROM OPERATIONS	(845,043)	(363,731)	(1,127,393)	(481,190)
Other miscellaneous expense	(2,364)	(3,827)	(7,117)	74,922
TOTAL OTHER INCOME (EXPENSE)	161,946	178,946	474,693	566,754
LOSS FROM DISCONTINUED OPERATIONS, BEFORE TAX	(44,412)	(1,459,743)	(194,785)	(2,873,541)
Income tax expense	0	0	0	0
Discontinue Operation [Member]
REVENUE	151,158	249,933	1,241,032	488,389
COST OF REVENUES	153,097	1,569,413	1,134,808	2,828,794
GROSS PROFIT (LOSS)	(1,939)	(1,319,480)	106,224	(2,340,405)
General and administrative	22,072	11,032	92,472	49,301
Professional fees	18,563	63,681	72,893	164,625
Other operating expenses	3,404	66,637	118,933	310,985
TOTAL OPERATING EXPENSES	44,039	141,350	284,298	524,911
LOSS FROM OPERATIONS	(45,978)	(1,460,830)	(178,074)	(2,865,316)
Other miscellaneous expense	1,566	1,087	(16,711)	(8,225)
TOTAL OTHER INCOME (EXPENSE)	1,566	1,087	(16,711)	(8,225)
LOSS FROM DISCONTINUED OPERATIONS, BEFORE TAX	(44,412)	(1,459,743)	(194,785)	(2,873,541)
Income tax expense	0	0	0	0
LOSS FROM DISCONTINUED OPERATIONS, NET OF TAX	$ (44,412)	$ (1,459,743)	$ (194,785)	$ (2,873,541)

DISCONTINUED OPERATIONS AND A_4

DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE (Details 1) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Inventories, net	$ 966,814	$ 1,019,154
Total current assets, discontinued operations	15,001,603	14,076,206
Properties, plants and equipment, net	7,751,348	7,765,045
Total assets	29,753,047	28,094,995
Accounts payable	1,212,397	330,147
Accrued liabilities	164,917	109,341
Total current liabilities	2,404,802	897,458
Asset retirement obligations	1,156,374	1,101,561
Total liabilities	4,625,998	2,574,027
Discontinued Operation[Member] | USAMSA [Member]
Accounts receivable	40,193	0
Inventories, net	31,457	366,955
Prepaid expenses	2,910	0
Total current assets, discontinued operations	74,560	366,955
Properties, plants and equipment, net	5,689,446	5,689,446
IVA receivable and other assets, net	428,164	491,139
Total assets	6,192,170	6,547,540
Accounts payable	133,780	126,788
Accrued liabilities	15,053	24,500
Total current liabilities	148,833	151,288
Asset retirement obligations	536,466	536,466
Total liabilities	$ 685,299	$ 687,754

DISCONTINUED OPERATIONS AND A_5

DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Nov. 30, 2019	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Depreciation and amortization		$ 119,584	$ 93,424	$ 340,217	$ 247,882
Discontinue Operation [Member]
Depreciation and amortization		0	155,538	0	466,421
Capital expenditures		0	$ 30,000	0	$ 182,322
Total Income tax	$ 865,000			666,400		$ 1,320,000
Mexican Tax Authority [Member]
Income tax	$ 16,300,000			13,800,000		22,400,000
Unpaid income taxes						352,000
Interest and penalties amount						968,000
Value Added Tax receivable amount		601,295		601,295		687,534
Value Added Tax receivable Net		$ 973,414		$ 973,414		$ 1,122,628

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - Sales Agreement [Member] - Subsequent Event [Member]	Nov. 12, 2024 USD ($)
Gross proceeds	$ 25,000,000
Desription of Gross proceeds percentage	compensation for its services in an amount equal to up to 3.0% of the gross proceeds from the sale of shares sold under the Sales Agreement