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BUSINESS SEGMENTS
 6 Months Ended
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)