Pour the melted peanut butter mixture over the cereal and stir until well distributed.
Use a small cookie scoop and your hands to form 1-inch balls with the mixture. Place onto a parchment (or wax) paper lined baking sheet. You can crowd these pretty close together so they will all fit on one sheet.
Refrigerate for at least 3 hours, or overnight.
Melt the chocolate or candy coating, using 30 second bursts in the microwave, until it is stir able and smooth.
16-20 ounces chocolate or candy coating
Place a peanut butter ball into the melted chocolate and roll it around to coat. (I use 2 forks for this) Remove the coated ball and allow the excess chocolate to drip off, then transfer to a parchment or wax paper-lined baking sheet. Leave a little room between the balls so they do not end up sticking together. You’ll probably need to use 2 baking sheets for this step.
Refrigerate the balls until the chocolate coating is completely firm.
For best results, store in the fridge for up to one week.
Notes
If using chocolate chips for the coating, add a little coconut oil to the chips when melting to make a smooth coating.