Welcome to our dedicated page for Idaho Strategic Resources news (Ticker: IDR), a resource for investors and traders seeking the latest updates and insights on Idaho Strategic Resources stock.
Idaho Strategic Resources, Inc. (NYSE American: IDR) is an Idaho-based gold producer and mineral exploration company whose news flow reflects both operating performance and project-level developments. Company press releases frequently cover quarterly operating and financial results from the Golden Chest Mine, including ore tonnes processed, gold ounces produced, and all-in sustaining cost metrics, as well as commentary on how cash flow is being reinvested into drilling and mine development.
Investors following IDR news will see regular updates on exploration at the Golden Chest Mine, such as high-grade drill results from the Paymaster and Red Star areas and infill drilling on the H-Vein. These releases often include detailed drill intercept tables, geologic interpretations of vein systems, and discussion of how new results may influence internal resource models and future mine planning.
News from Idaho Strategic also highlights district-scale exploration in the Murray Gold Belt, including drilling at prospects like Buckskin and King Mine and the acquisition of the Toboggan project from Hecla Silver Valley, Inc. On the critical minerals side, the company issues updates on rare earth element work at Mineral Hill, Lemhi Pass, and Diamond Creek, including carbonatite discoveries, high-grade TREO assay results, and geophysical survey findings that guide future drilling.
Corporate announcements include inclusion in indexes such as the Russell 3000 and the VanEck Junior Gold Miners ETF (GDXJ), lease agreements for additional mineral claims, and memoranda of understanding related to thorium and critical minerals. For investors and analysts, the IDR news page offers a consolidated view of how operating performance, exploration results, and corporate milestones evolve across the company’s gold and rare earth element portfolio.
Idaho Strategic Resources (NYSE:IDR) reported record quarterly revenue of $7.28 million in Q1 2025, a 23.39% increase year-over-year. The company produced 2,900 ounces of gold at an average grade of 8.67 gpt, processing 11,337 ore tonnes. Despite higher revenue, net income decreased 25.89% to $1.61 million ($0.12 EPS) due to increased exploration investments and expenses.
The company completed 4,230 meters of drilling at Golden Chest Mine, representing a five-fold increase in drilling investment. All-in sustaining costs rose 21.98% to $1,430.90 per ounce, while the average realized gold price increased 44.73% to $2,848.74. The company is implementing its production-backed exploration business plan, including construction of a new tailings filtration circuit and advancement of the Paste Backfill System.
Idaho Strategic Resources (IDR) reported exceptional financial results for 2024, with annual revenue increasing 88.66% and net income surging 663.27%. The company ended the year with $16,091,024 in cash and US Treasury Notes investments, marking nine consecutive quarters of GAAP profitability.
At the Golden Chest mine, IDR produced 11,915 ounces of gold, mining 41,140 tonnes of ore from the H-Vein underground with an average grade of 9.67 grams per tonne and 92.8% gold recovery. Notable drilling results included a significant intercept of 50.9 gpt gold over 4.5 meters in the newly discovered Red Star zone.
The company maintained its position as the largest rare earth elements landholder in the United States, engaging in various industry conferences and discussions to advance understanding of Idaho's rare earth mineralogy.
Idaho Strategic Resources (IDR) has announced its most extensive rare earth elements (REE) exploration plans for 2025, focusing on three projects within Idaho's 70-mile REE-Th Belt: Lemhi Pass, Mineral Hill, and Diamond Creek. The announcement aligns with President Trump's recent Executive Order to boost domestic mineral production.
At Lemhi Pass, which previously yielded up to 5% total rare earth oxides with magnet REEs exceeding 70%, IDR plans radiometric surveys and soil sampling. Mineral Hill will undergo drone-assisted radiometric, magnetic, and lidar mapping, building on previous findings of 20-34% TREO at the Upper Roberts occurrence. At Diamond Creek, the company plans follow-up trenching with drilling options, expanding on their 2022 program and historic resources identified by USGS in 1979.
The company positions itself as the largest rare earth elements landholder in the United States, combining gold production with REE exploration potential. The exploration strategy aims to capitalize on the new administration's focus on developing domestic resources and reshoring American jobs.
Idaho Strategic Resources (NYSE American:IDR) has announced significant high-grade drill results from its Golden Chest Mine. The standout discovery includes an intercept of 1.3 meters yielding 150.25 grams per tonne (gpt) gold within a larger 4.5-meter section averaging 50.86 gpt gold in the Red Star Vein.
The company successfully intercepted high-grade gold in six separate veins, all located near existing underground infrastructure. While the true thickness of the Red Star vein remains undetermined, the H-Vein intercepts are near true thickness, and the Bush, Jumbo, and Paymaster intercepts are estimated at approximately 70% of true thickness.
IDR has expanded its geology team to support planned 2025 exploration activities, including resource expansion drilling at Golden Chest Mine, exploration of historic mines in the Murray Gold Belt District, and a first-ever drill program at Eastern Star. The company highlights that these exploration targets are situated on private land in Idaho, potentially enabling rapid development upon successful discovery.
Idaho Strategic Resources (IDR) reported significant growth in 2024, with revenue increasing 84%, net income rising 744%, and earnings per share growing 600% through the first three quarters. The company's cash per share jumped 372% from $0.18 to $0.85.
At the Golden Chest mine, IDR constructed an 80x150 foot steel-framed building for a planned paste backfill plant, expected to save $500k-$800k annually once operational in mid-2025. The company completed approximately 10,600 meters of core drilling, discovering the Red Star Vein with notable intercepts including 34.1 gpt gold over 1.8 meters. IDR also acquired the 169-acre Butte Gulch property.
The company advanced its rare earth elements (REE) projects, particularly at Lemhi Pass, where samples showed magnet REEs exceeding 70% of total REE concentration. IDR received a $430k Rural Community Investment Fund grant for power infrastructure upgrades and partnered with Radiant Industries for their Kaleidos micronuclear reactor program.
Idaho Strategic Resources (NYSE American:IDR) has released a President's Letter to stakeholders discussing the company's strategic position and market outlook. The letter emphasizes IDR's business strategy built around identifying market dislocations and opportunities in gold and rare earth elements. The company highlights its position as the only publicly traded entity combining growing gold production with rare earth elements exploration potential. The letter notes favorable conditions with gold trading above $2,700 per ounce and discusses broader economic trends including BRICS Nations Alliance emergence, U.S. critical minerals dependency, and shifting global currency dynamics.
Idaho Strategic Resources (IDR) has provided an update on its rare earth elements (REE) operations and plans for 2025, focusing on the Lemhi Pass project. The company reported favorable REE mix with high concentrations of valuable elements, including 58% Nd, 8% Pr, 8% Sm, and 2% Dy, accounting for 76% of total REEs. Comparative analysis shows IDR's prospects performing well against global REE mines. For 2025, IDR plans a larger trenching and low-impact air rotary drilling program at the 12,000-acre Lemhi Pass project. The company is also collaborating with national laboratories to advance minerology understanding and develop processing technologies specific to Idaho's REE projects.