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BUSINESS SEGMENTS | 6 Months Ended
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Jun. 30, 2025
BUSINESS SEGMENTS |
BUSINESS SEGMENTS | The Company has two reportable segments: antimony and zeolite. Our antimony segment consists of:
| · | Our facility located in the Burns Mining District of Sanders County in Montana that processes ore primarily into antimony oxide, antimony metal, antimony trisulfide, and precious metals, and
| · | Our two facilities in our USAMSA subsidiary located in Mexico that process ore primarily into antimony metal, a lower grade of antimony oxide, and precious metals.
Our zeolite segment consists of our facility located in Preston, Idaho that mines, processes, and sells zeolite. The following components of the Company’s business do not currently engage in business activities from which they recognize revenue and incur expenses: Los Juarez, Mexico in our ADM subsidiary, Ontario, Canada, Alaska, Philipsburg, Montana, and the mining claims in Thompson Falls, Montana. Therefore, these components, along with the Company’s personal residence in Thompson Falls, Montana, have been included in the “All Other” category for segment reporting. The Company’s chief operating decision maker is its chief executive officer. Total assets by segment at June 30, 2025 and December 31, 2024 were as follows:
Total Assets |  | June 30, 2025 |  |  | December 31, 2024 |
Antimony segment: |  | $ | 34,261,561 |  |  | $ | 27,230,312 |
Zeolite segment |  |  | 5,897,295 |  |  |  | 5,604,003 |
All other |  |  | 7,339,466 |  |  |  | 1,808,287 |
Total assets |  | $ | 47,498,322 |  |  | $ | 34,642,602 |
Total capital expenditures by segment for the three and six months ended June 30, 2025 and 2024 were as follows:
|  | Three months ended June 30, |  |  | Six months ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Antimony segment |  | $ | 1,269,129 |  |  | $ | - |  |  | $ | 1,445,411 |  |  | $ | - |
Zeolite segment |  |  | 25,970 |  |  |  | 98,008 |  |  |  | 82,199 |  |  |  | 150,721 |
All other |  |  | 5,236,463 |  |  |  | - |  |  |  | 5,866,463 |  |  |  | - |
Total capital expenditures |  | $ | 6,531,562 |  |  | $ | 98,008 |  |  | $ | 7,394,073 |  |  | $ | 150,721 |
Selected segment operational information for the three and six months ended June 30, 2025 and 2024 were as follows:
For the three months ended June 30, 2025 |  | Antimony |  |  | Zeolite |  |  | All Other |  |  | Total |
Total revenues |  | $ | 9,636,842 |  |  | $ | 888,281 |  |  | $ | - |  |  | $ | 10,525,123 |
Depreciation and amortization |  |  | 171,040 |  |  |  | 98,031 |  |  |  | 8,484 |  |  |  | 277,555 |
Income (loss) from operations |  |  | 832,735 |  |  |  | (122,252 | ) |  |  | (690,476 | ) |  |  | 20,007 |
Other income |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 161,548 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  | - |
Net income |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 181,555 |
For the three months ended June 30, 2024 |  | Antimony |  |  | Zeolite |  |  | All Other |  |  | Total |
Total revenues |  | $ | 2,668,591 |  |  | $ | 994,386 |  |  | $ | - |  |  | $ | 3,662,977 |
Depreciation and amortization |  |  | 19,902 |  |  |  | 90,560 |  |  |  | 4,024 |  |  |  | 114,486 |
Income (loss) from operations |  |  | 548,978 |  |  |  | (349,805 | ) |  |  | (143,165 | ) |  |  | 56,008 |
Other income |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 146,784 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  | - |
Net loss |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 202,792 |
For the six months ended June 30, 2025 |  | Antimony |  |  | Zeolite |  |  | All Other |  |  | Total |
Total revenues |  | $ | 15,542,151 |  |  | $ | 1,982,977 |  |  | $ | - |  |  | $ | 17,525,128 |
Depreciation and amortization |  |  | 338,591 |  |  |  | 205,387 |  |  |  | 15,547 |  |  |  | 559,525 |
Income (loss) from operations |  |  | 1,976,575 |  |  |  | (430,028 | ) |  |  | (1,168,548 | ) |  |  | 377,999 |
Other income |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 350,080 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  | - |
Net income |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 728,079 |
For the six months ended June 30, 2024 |  | Antimony |  |  | Zeolite |  |  | All Other |  |  | Total |
Total revenues |  | $ | 5,137,653 |  |  | $ | 1,597,391 |  |  | $ | - |  |  | $ | 6,735,044 |
Depreciation and amortization |  |  | 39,697 |  |  |  | 172,888 |  |  |  | 8,048 |  |  |  | 220,633 |
Income (loss) from operations |  |  | 767,769 |  |  |  | (1,007,134 | ) |  |  | (175,081 | ) |  |  | (414,446 | )
Other income |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 294,470 |
Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  | - |
Net income |  |  |  |  |  |  |  |  |  |  |  |  |  | ($119,976) |

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- Definition The entire disclosure for reporting segments including data and tables. 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