Idaho Strategic Resources reports news tied to its role as an Idaho-based gold producer and mineral exploration company. Recurring updates cover gold production, operating results, and cost performance at the Golden Chest Mine in the Murray Gold Belt within the greater Coeur d'Alene Mining District.
Company developments also include drilling at Golden Chest areas such as Paymaster and Red Star, reserve conversion work, and exploration across the broader Murray Gold Belt. Additional news themes include rare earth elements exploration, copper-silver project activity such as the Niagara lease, mining infrastructure investments, index inclusion, investor conference participation, and the company's exposure to domestic critical-minerals supply themes.
Idaho Strategic Resources (IDR) reported gold drilling results from four veins at its producing Golden Chest Mine and added a third drill rig. Jumbo hole GC 26-433 returned 16.3 grams of gold per tonne over 4 meters, including 48 grams per tonne over 1.3 meters. Paymaster hole GC 26-395 returned 14.7 grams per tonne over 2.1 meters, including 44.3 grams per tonne over 0.7 meters. These widths are estimated true thicknesses.
Approximately 25,500 meters of drilling were completed through the third quarter. The third rig is beginning commissioning on a 12-hour single shift, with expansion dependent on contractor staffing. The company plans to transition milling to the Murray Mill in early 2027 and expects initial Niagara copper-silver drilling to begin in early October.
Almonty Industries (ALM) received certificates issued September 17 permitting ore processing at its Sangdong Mine in South Korea.
The certificates cover processing and crushing facilities and allow Almonty to sell the resulting tungsten concentrate. GoldHaven Resources (GHVNF) completed an extended drillhole at its Magno Project. Newly identified skarn intervals total approximately 145 metres of drill length; the estimated true thickness of approximately 40 to 45 metres is preliminary, and assays have not been reported.
Kennametal (KMT) reported fiscal fourth-quarter 2026 sales of $737 million, up 43% from the prior-year quarter. Fiscal 2026 sales rose 20% to $2.36 billion, while operating cash flow was negative. Guardian Metal Resources (GMTL) completed 41 Tempiute exploration holes and reported tungsten-rich zones beyond the historical mine footprint. Idaho Strategic Resources (IDR) reported a 32-metre Diamond Creek trench averaging approximately 1.8% total rare earth oxides.
GoldHaven Resources (GHVNF), Almonty Industries (ALM), Guardian Metal Resources (GMTL), Ramaco Resources (METC) and Idaho Strategic Resources (IDR) are highlighted as tungsten- and critical-minerals‑exposed names amid tightened Chinese export controls and looming U.S. defense‑procurement rules.
Tungsten concentrate prices have risen from $750–$850 to $2,500–$2,800 per mtu since early 2026 after China limited 2026–2027 exports to 15 firms. From January 1, 2027, DFARS 252.225‑7052 will restrict tungsten at the mine/ore stage, including scrap, shrinking compliant supply options.
GoldHaven reports over 800 m drilled at its Magno Project’s Kuhn skarn, with broad skarn intervals and down‑dip extensions but no assays yet, and only historical, non‑current estimates. Almonty signed a binding Rwanda joint venture and recently extended its Sangdong offtake by 6 years and 40% in volume. Guardian is set to join the FTSE AIM 50, supported by a prior US$6.2 million U.S. Department of War investment in Pilot Mountain, while Ramaco and Idaho Strategic advance unconventional and early‑stage U.S. critical‑minerals projects.
Idaho Strategic Resources (NYSE American: IDR) reported Q2 2026 revenue of $10.73 million, up 13.25% year over year, with net income attributable to IDR rising 31.95% to $3.65 million and basic EPS increasing to $0.23. Gold ounces produced were 3,047 (+1.23%), while all-in sustaining cost per ounce rose to $2,261.81 (+16.08%) and average flotation feed grade declined 20.86% to 7.89 gpt. For the first six months of 2026, revenue reached $25.21 million and net income attributable to IDR was $10.04 million with basic EPS of $0.64.
Operationally, Idaho Strategic processed 11,094 tonnes at its New Jersey mill despite a wildfire-related one-week shutdown with no damage to equipment. At the Golden Chest, it achieved record 384 meters of underground development, advanced the new Jumbo vein, began constructing a new mill and tailings facility, completed about 10,000 meters of drilling, and was added to the Sprott Rare Earths Ex-China ETF (REXC).
Idaho Strategic Resources (NYSE American: IDR) reports significant heavy rare earth element (HREE) and yttrium mineralization at its Diamond Creek project in Idaho. Surface sampling across four prospects along a 3.2-kilometer lineament averages approximately 1.8% total rare earth oxides (TREO), with enriched heavy rare earth oxides averaging over 2,000 ppm, including more than 1,300 ppm yttrium.
At the Lucky Gem prospect, a 32-meter trench and drillhole DC 22-8 each averaged 1.5% TREO, with HREO enrichment between about 2,300–2,500 ppm and yttrium between 1,600–1,700 ppm. The company highlights frequent yttrium concentrations of 800–2,000 ppm and notes xenotime as the primary yttrium-bearing mineral. A preliminary conceptual model suggests around 20,000 tonnes grading 1,600 ppm yttrium at Lucky Gem, though this does not qualify as a Mineral Resource under S-K 1300. Planned 2026 work includes additional mineralogical studies, initial processing tests, further field exploration, and potential bulk sampling.
Idaho Strategic Resources (NYSE American: IDR) announced selection for U.S. Department of Energy Funding Opportunity 3105, Topic Area 3: Next Generation Technologies. The team’s project on low-emission manufacturing of mixed rare earth metals from Idaho minerals was awarded the maximum $1 million, with no cost share required from Idaho Strategic.
Idaho Strategic will identify rare earth-enriched areas within its Idaho landholdings, focusing on neodymium, praseodymium, and dysprosium, and provide samples for downstream separation and metallization work led by the University of Idaho, with technical support from Idaho National Laboratory and Idaho Geological Survey.
Idaho Strategic Resources (NYSE American: IDR) reported record Q1 2026 results, with revenue of $14.48 million, up 98.97% year over year, and net income attributable to IDR of $6.39 million, up 297.02%. EPS was $0.40 versus $0.12.
Gold production reached 3,234 ounces with average realized gold price of $4,702/oz, while all-in sustaining cost rose to $1,868/oz. Cash and cash equivalents increased to $20.79 million, and total assets to $125.97 million.
The company advanced its Murray Mill construction, completed 8,700 meters of drilling at Golden Chest, finalized 2026 rare earth exploration plans, and executed a long-term lease on the Niagara copper-silver project in the Murray Gold Belt.
Idaho Strategic Resources (NYSE: IDR) reported record 2025 results: revenue $42,406,253 (+64.6%), diluted EPS $1.14 (+70.1%), and cash & investments $73,308,507 at year-end. Golden Chest produced 12,538 oz of gold at a 10.14 gpt average grade and 93.0% recovery.
Reserves rose 53.2% after conversion drilling; the company completed 19,162 meters of core drilling and processed 41,840 tonnes of ore.
Idaho Strategic Resources (NYSE American: IDR) announced that President and CEO John Swallow will participate in a gold-focused panel at the 38th Annual ROTH Conference on March 23, 2026 in Dana Point, CA.
The panel, titled "Precious Metals: Gold Producers Printing Cash," runs 1:00–1:55pm PT (4:00–4:55pm ET) and includes executives from McEwen Mining and Collective Mining. The company highlighted prior investor engagement from ROTH events and noted conference networking and corporate-access opportunities.
Idaho Strategic Resources (NYSE: IDR) executed a long-term lease for the Niagara copper-silver project in Shoshone County, part of its Murray Gold Belt holdings, 7 km from the Golden Chest Mine.
The historic 2008 estimate cited ~154.1M lbs contained copper and ~8.87M oz silver in the upper Revett; IDR plans a 2026 drill campaign to test continuity and upgrade the resource. Lease: $18,000/year rising 3% annually, 10-year initial term, 2% NSR with 1% buyback for $1,000,000.