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PROPERTIES PLANTS AND EQUIPMENT | 12 Months Ended
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Dec. 31, 2024
PROPERTIES PLANTS AND EQUIPMENT |
PROPERTIES, PLANTS AND EQUIPMENT | NOTE 6 – PROPERTIES, PLANTS AND EQUIPMENT The components of the Company’s properties, plants and equipment (“PP&E”) by segment at December 31, 2024 and December 31, 2023 were as follows:
December 31, 2024 |  | Antimony |  |  | Zeolite |  |  | All Other |  |  | TOTAL |
Plant and equipment |  |  | 13,512,321 |  |  |  | 6,597,781 |  |  |  | 427,720 |  |  | $ | 20,537,822 |
Buildings |  |  | 1,106,303 |  |  |  | 1,705,893 |  |  |  | 11,970 |  |  |  | 2,824,166 |
Mineral rights and interests |  |  | - |  |  |  | 16,753 |  |  |  | 125,000 |  |  |  | 141,753 |
Land |  |  | 2,083,094 |  |  |  | - |  |  |  | 914,443 |  |  |  | 2,997,537 |
Construction in progress |  |  | - |  |  |  | 101,938 |  |  |  | - |  |  |  | 101,938 |
PP&E, cost |  | $ | 16,701,718 |  |  | $ | 8,422,365 |  |  | $ | 1,479,133 |  |  | $ | 26,603,216 |
Accumulated depreciation |  |  | (9,602,469 | ) |  |  | (3,857,785 | ) |  |  | (251,515 | ) |  |  | (13,711,769 | )
PP&E, net |  | $ | 7,099,249 |  |  | $ | 4,564,580 |  |  | $ | 1,227,618 |  |  | $ | 12,891,447 |
December 31, 2023 |  | Antimony |  |  | Zeolite |  |  | All Other |  |  | TOTAL |
Plant and equipment |  | $ | 13,480,118 |  |  | $ | 6,007,694 |  |  | $ | 394,545 |  |  | $ | 19,882,357 |
Buildings |  |  | 1,106,303 |  |  |  | 2,025,043 |  |  | $ | 11,970 |  |  |  | 3,143,316 |
Mineral rights and interests |  |  | - |  |  |  | 16,753 |  |  |  | 100,000 |  |  |  | 116,753 |
Land |  |  | 2,083,094 |  |  |  | - |  |  |  | 914,443 |  |  |  | 2,997,537 |
Construction in progress |  |  | - |  |  |  | 8,951 |  |  |  | - |  |  |  | 8,951 |
PP&E, cost |  | $ | 16,669,515 |  |  | $ | 8,058,441 |  |  | $ | 1,420,958 |  |  | $ | 26,148,914 |
Accumulated depreciation |  |  | (8,935,269 | ) |  |  | (3,524,130 | ) |  |  | (235,024 | ) |  |  | (12,694,423 | )
PP&E, net |  | $ | 7,734,246 |  |  | $ | 4,534,311 |  |  | $ | 1,185,934 |  |  | $ | 13,454,491 |
The properties, plants and equipment by location was as follows:
|  | 2024 |  |  | 2023 |
Domestic PP&E, net |  | $ | 6,634,066 |  |  | $ | 6,579,111 |
Mexico PP&E, net |  |  | 6,232,381 |  |  |  | 6,875,380 |
Canada PP&E, net |  |  | 25,000 |  |  |  | - |
Total PP&E, net |  | $ | 12,891,447 |  |  | $ | 13,454,491 |
BRZ Home 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 its operations in Idaho. 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 carrying value of the BRZ Home |  |  | 297,873 |
Gain on sale of PP&E |  | $ | 16,252 |
Sudbury Agreement for Mining Claims and Leases In August 2024, the Company executed an option agreement to acquire 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 as follows to acquire these claims:
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 |
The payments to acquire these mining claims and leases are capitalized when paid in the “Mineral rights and interests” component of “Properties, plants and equipment, net” in the Consolidated Balance Sheets, which totaled $25,000 as of December 31, 2024, and are included in the “All Other” category for segment reporting. The Sudbury Agreement requires a royalty payment by the Company based on potential future production from the claims (“Net Smelter Royalty”) with a minimum royalty payment beginning on the fifth anniversary of the agreement. A certain percentage of the Net Smelter Royalty can be purchased back by the Company. Also, the Sudbury Agreement includes a commitment by the Company to spend an aggregate of $250,000 on exploring and developing these claims over four years from the agreement date, with various milestones over this four-year period. The Sudbury Agreement can be terminated without cause at any time by the Company with thirty days’ notice.

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