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PROPERTY AND EQUIPMENT (Tables)
 9 Months Ended
Sep. 30, 2023
PROPERTY AND EQUIPMENT  
Schedule Of Property And Equipment

 

 

September 30,

2023

 

 

December 31,

2022

 

Processing and rail facility

 

$553,105

 

 

$-

 

Underground equipment

 

 

-

 

 

 

-

 

Surface equipment

 

 

-

 

 

 

-

 

Coal refuse storage

 

 

12,134,192

 

 

 

12,134,192

 

Mine Development

 

 

561,575

 

 

 

561,575

 

Construction in Progress

 

 

2,981,813

 

 

 

-

 

Land

 

 

1,617,435

 

 

 

1,617,435

 

Less: Accumulated depreciation

 

 

(6,159,744 )

 

 

(5,199,478 )

 

 

 

 

 

 

 

 

 

Total Property and Equipment, Net

 

$17,848,120

 

 

$9,113,724

 
Schedule Of Property And Equipment estimated useful lives

Processing and Rail Facilities

 

7-20 years

Surface Equipment

 

7 years

Underground Equipment

 

5 years

Rare Earth Processing Equipment

 

5 Years

Mining Rights

 

5-10 years

Coal Refuse Storage

 

10 years