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 American: IDR) announced the successful exploration of the H-Vein at the Golden Chest Mine, intercepting a mineralized vein with promising gold assays of 32.1 grams per tonne (gpt) on the northern rib and 54.1 gpt on the southern rib. The H-Vein is located 60 meters west of the Idaho Vein, exhibiting visible gold and strong pyrite. Initial muck sampling yielded an average grade of 25.1 gpt over 24.8 meters. VP of Operations, Grant Brackebusch, expressed optimism regarding the high gold grades and the efficient mining potential. The exploration aims to further define the vein and may transform the resource classification. The company holds substantial land positions in both gold and rare earth elements, establishing a strategic footprint in the resource sector.
Idaho Strategic Resources (IDR) recently issued a President's Letter to Stakeholders, highlighting the challenges and opportunities in the current economic landscape. The letter emphasizes the importance of gold and rare earth elements (REE) in IDR's business strategy. The company is advancing its mining operations at the Golden Chest Mine, particularly focusing on the H-Vein and Jumbo Vein, with promising gold assay results of 152 g/t and 137 g/t, respectively. IDR closed Q1 2023 with over $3 million in revenue, indicating a position of strength amidst a complex market. Furthermore, IDR is the largest REE landholder in the U.S., with over 18,000 acres in the REE-Th Belt, supporting its long-term plans in the critical minerals sector. CEO John emphasizes the need for continuous evaluation in a changing environment, asserting that IDR's strategic assets are well-positioned for future demand.
Idaho Strategic Resources, Inc. (IDR) reported a successful year-end financial performance for 2022, marking a 25.5% revenue increase and a significant 218% growth in gross profit compared to 2021. The 4th quarter saw a turnaround with a net profit of $603,650, contrasting with a net loss of $1,219,518 in Q4 2021. Annual revenue from gold sales reached $9,580,189, up from $7,630,416 in 2021. The company's operational achievements include the successful exploration of rare earth elements, with land holdings totaling approximately 18,030 acres. CEO John Swallow expressed optimism about IDR's positioning for future growth amid evolving market conditions.
Idaho Strategic Resources (IDR) announced a discovery of 32 meters of Rare Earth Elements (REE) and Niobium (Nb) mineralization at Diamond Creek. The drill samples averaged 1.28% TREE, with neodymium values reaching 3690 ppm. Notably, some samples showed Nb greater than 5000 ppm. The contiguous mineralization suggests a clay-hosted deposit, potentially leading to cost-effective and environmentally friendly mining. The firm aims to expand its resource base through a Phase 2 program that includes extensions to the Cymer prospect. Historical estimates suggest a probable resource of approximately 70,800 metric tonnes of total rare-earth oxides at Diamond Creek.
Idaho Strategic Resources (IDR) has withdrawn its acquisition proposal for Westwater Resources (WWR) at $1.36 per share, citing WWR's Board's refusal to engage in discussions. The proposal represented a 73% premium to WWR's last trading day before the announcement on December 22, 2022. IDR's President John Swallow expressed disappointment over the lack of constructive dialogue, emphasizing the potential for value creation in a new domestic critical minerals supply chain. IDR plans to refocus on its production strategy while monitoring Westwater's situation, aiming to build long-term value and maintain discipline in mergers and acquisitions.
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