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Idaho Strategic Resources Inc - IDR STOCK NEWS

Welcome to our dedicated news page for Idaho Strategic Resources (Ticker: IDR), a resource for investors and traders seeking the latest updates and insights on Idaho Strategic Resources.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Idaho Strategic Resources's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Idaho Strategic Resources's position in the market.

Rhea-AI Summary
Idaho Strategic Resources, Inc. (IDR) reported a 42.6% increase in revenue and achieved profitability for the first full year. The company's CEO highlighted the successful gold production and exploration efforts in 2023. Financially, IDR saw significant growth in revenue, gross profit, and net income, with a positive outlook for 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.18%
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Rhea-AI Summary
Idaho Strategic Resources (NYSE American: IDR) announces the acquisition of Butte Gulch property adjacent to its Golden Chest Mine, aiming to explore potential lode gold deposits. The company plans to enhance production at Golden Chest and expand operations in the Murray Gold Belt district by implementing cost-saving measures like a new mill tailings paste backfill system.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.59%
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none
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Rhea-AI Summary
Idaho Strategic Resources (IDR) CEO invited to speak at U.S. Department of Energy workshop on responsible mining of critical minerals. Workshop aims to address challenges and opportunities for U.S. critical minerals independence.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.59%
Tags
conferences
Rhea-AI Summary
Idaho Strategic Resources (IDR) announces a 41.9% increase in revenue and a 32.7% increase in gold production for 2023, with estimated top-line revenue of $13.6 million. President and CEO, John Swallow, expressed satisfaction with the company's performance, highlighting the consistent revenue growth and operating results. The positive financial data and production increase indicate a successful year for IDR, positioning the company for continued success in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.22%
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none
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Rhea-AI Summary
Idaho Strategic Resources (IDR) announces participation in Vancouver Resource Investment Conference and Idaho Mining Day at the Capitol. The Company's management team, including President and CEO John Swallow, will be present at both events to meet with potential investors, analysts, and industry stakeholders. The strategic approach to increase awareness within the industry reflects the Company's confidence in its production-based exploration strategy and unique positioning to provide exposure to both gold and critical minerals essential for decarbonization and supply chain security.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.64%
Tags
conferences
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Rhea-AI Summary
Idaho Strategic Resources (NYSE American: IDR) achieved profitability in 2023, with increased revenue, exploration, and resource definition drilling. The company also added a 30-tonne CAT underground haul truck, completed numerous mapping and sampling programs, and identified a rare earth bearing seam containing greater than 34% total rare earth oxides. The addition of Carolyn Turner to the Board of Directors and operational successes were noted. Looking ahead to 2024, the company plans to maintain profitability, reinvest profits into increased exploration, and position itself as a recognized store of value amidst global economic and political challenges.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.86%
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none
Rhea-AI Summary
Idaho Strategic Resources (NYSE American: IDR) announces the results of its 2023 Mineral Hill exploration program, revealing the discovery of a new pink carbonatite yielding 34.1% total rare earth oxides. The Upper Roberts' carbonatite trend contains multi-grade carbonatites with some of the highest grade REE values ever identified in the Mineral Hill District. Mapping efforts also found new outcrops of carbonatite, indicating additional trends and igneous activity. The company plans to develop drill targets and continue mapping efforts over the remaining 1,800 acres to locate new carbonatite occurrences.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.21%
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Rhea-AI Summary
Idaho Strategic Resources (NYSE American:IDR) announces the results of its 2023 trenching program at Lemhi Pass. The company tested three historical prospects - In-Trust, Sparky, and Independence - on its expansive land position. The In-Trust prospect encountered strong REE mineralization, with samples showing up to 3.28% total rare earths (TREE), including neodymium, praseodymium, samarium, and dysprosium. At Sparky, samples returned the highest published total rare earth elements assay (5.2% TREE) in the Lemhi Pass district to date. However, trenching at Independence failed to uncover REE bearing fault. IDR's Vice President of Exploration, Rob Morgan, expressed optimism about the project's potential and plans for deeper exploration next year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.8%
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Rhea-AI Summary
Idaho Strategic Resources, Inc. (IDR) has achieved its 4th consecutive quarter of profitability and revenue above $3 million. The company's revenue for the nine-month period ending Sept. 30th, 2023, exceeded the revenue achieved for all of 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.55%
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Rhea-AI Summary
Idaho Strategic Resources announces extension of high-grade mineralization at Mineral Hill rare earth elements project and progress at Idaho REE projects
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.41%
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Idaho Strategic Resources Inc

NYSE:IDR

IDR Rankings

IDR Stock Data

110.53M
10.46M
16.68%
12.28%
0.56%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
Link
United States
Coeur d'Alene