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, Inc. (IDR) has announced the acquisition of the Lemhi Pass Rare Earth Element (REE) project in central Idaho, comprising 25 unpatented claims over 425 acres. This area is strategically significant due to its historical REE values and is recognized as a critical mineral district in the U.S. The company aims to leverage its minimal debt, focus on hard assets, and growing gold production. Additionally, IDR believes this acquisition will enhance its position in the domestic supply chain for critical minerals.
Idaho Strategic Resources (NYSE American:IDR) announces its CEO, John Swallow, was featured on the Planet MicroCap Due Diligence Podcast on May 2, 2022. During the interview, Swallow shared insights about the company's growth philosophy and its recent up-listing to the NYSE American. Idaho Strategic emphasizes a collaborative approach to business and the importance of local involvement in operations. The company is notably recognized for its rare earth element properties and gold production in Idaho's Coeur d'Alene Mining District. For more details, listen to the podcast on various platforms.
Idaho Strategic Resources, Inc. (NYSE American:IDR) will participate in the Idaho Mining, Critical Minerals, and Water Resources panel on April 19, 2022, during the symposium Challenges and Opportunities for Idaho Water Resources in Boise, Idaho. The Company emphasizes its We Live Here philosophy, promoting local resource stewardship. CEO John Swallow and VP Rob Morgan will share insights on critical minerals and local oversight. IDR operates in the Coeur d'Alene Mining District, focusing on gold production and rare earth elements, contributing to the U.S. domestic critical minerals sector.
Idaho Strategic Resources (IDR) announced high-grade gold intercepts from drill hole GC 22-212 in the Klondike Zone at the Golden Chest Mine. Key results include a sizable 9.2 m interval with an average of 8.77 g/t gold, particularly featuring 1.3 m at 37.35 g/t. The exploration supports a new zone of gold mineralization, potentially enhancing future production capabilities.
CEO John Swallow noted the significance of these results for further understanding the mine's geology. The company plans to optimize a mining strategy as it re-establishes utilities at the North Portal.
Idaho Strategic Resources, Inc. (NYSE American:IDR) reported a 34% increase in revenue to $7,630,416 for the year ending December 31, 2021, driven by higher gold grades and tonnes processed. The gross profit surged over six-fold to $487,877. However, the company recorded a net loss of $3,260,361, worsening from a net loss of $739,939 in 2020, primarily due to increased exploration expenses and stock-based compensation. Operationally, gold production and exploration activities expanded, but cash costs per ounce rose to $1,350.10, up from $1,292.77 in 2020.
Idaho Strategic Resources (IDR) is set to ring the Opening Bell for the New York Stock Exchange (NYSE) on March 21st, 2022, marking a historic virtual event from the Golden Chest Mine. CEO John Swallow emphasized the importance of community involvement in this milestone. IDR focuses on producing gold and is recognized for its critical minerals, particularly rare earth elements, essential for a low-carbon future. The company holds the largest private land position in the Murray Gold Belt and is actively involved in U.S. domestic rare earth element initiatives.
Idaho Strategic Resources (IDR) has entered a partnership in the Idaho Global Entrepreneurial Mission (IGEM) Project to focus on the development of Idaho-sourced rare earth elements. This collaborative initiative involves several key local institutions and aims at environmentally friendly processing techniques for neodymium, praseodymium, and yttrium. IDR plans to invest approximately $1 million in drilling activities at its Diamond Creek property. CEO John Swallow emphasized the project’s significance in reducing the U.S.'s reliance on China for rare earth elements.