v3.26.1
SUBSEQUENT EVENT
6 Months Ended
Jun. 30, 2026
SUBSEQUENT EVENT  
SUBSEQUENT EVENT

Note 19 - SUBSEQUENT EVENT

Shipments to DLA

During June 2026, the Company fulfilled its first two shipments under the contract with the DLA. These shipments, which consisted of approximately 82,000 pounds of antimony metal ingots, were formally accepted by the DLA in July 2026. Under the terms of the contract, control transfers to the DLA when formal acceptance has occurred. As a result, the Company recognized the $2.6 million of revenue related to these shipments in July 2026, which will be included in the Company’s third-quarter financial results.

Common Stock Warrants

In July 2026, the Company issued 130,250 shares of common stock and received gross proceeds of $110,713 related to the exercise of warrants, based on a weighted average exercise price of $0.85 per share.