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12. Hillgrove Advances Payable
3 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
Hillgrove Advances Payable

On November 7, 2014, the Company entered into an advance and concentrate processing agreement with Hillgrove Mines Pty Ltd of Australia (Hillgrove) in which the Company was advanced funds from Hillgrove to build facilities to process Hillgrove antimony concentrate. The Company has not processed Hillgrove concentrate for more than two years. The agreement requires the Company to pay the advance balance after Hillgrove issues a stop notice. Payments would begin 90 days after the stop notice issue date and be made in six equal and quarterly installments. Hillgrove was acquired by Red River Resources LTD (“Red River”) during 2019. The total balance of the advance liability due was $1,134,221 at March 31, 2021 and December 31, 2020. After March 31, 2021, the Company successfully negotiated a settlement with Red River for an agreed upon amount of $1,020,799. This balance was paid on April 8, 2021.