INVENTORIES

12 Months Ended

Dec. 31, 2023

INVENTORIES

INVENTORIES

NOTE 5 – INVENTORIES

Inventories by type at December 31, 2023 and 2022 were as follows:

	December 31,		December 31,
	2023		2022
Antimony oxide	$	354,431	$	142,230
Antimony metal		454,748		509,643
Antimony ore and concentrates		71,884		545,373
Total antimony inventory	$	881,063	$	1,197,246
Zeolite		505,046		177,822
TOTAL INVENTORIES	$	1,386,109	$	1,375,068

As of December 31, 2023 and 2022, inventories were valued at cost except for the portion of the inventory related to our Mexico Antimony Segment operations, which was valued at net realizable value because the cost of our Mexico inventory was greater than the amount the Company expected to receive upon the sale of the inventory. The adjustment to inventory to net realizable value was $2,073,404 and $277,146 for the years ended December 31, 2023 and 2022, respectively.

Antimony oxide and metal inventory consisted of finished product held at the Company’s plants in Montana and Mexico.  Antimony concentrates and ore were held primarily at sites in Mexico.  The Company’s zeolite inventory consists primarily of saleable zeolite material in Idaho.