Idaho Strategic (IDR) Posts Record Q2 Revenue $9.48M; Drilling Advances
Rhea-AI Filing Summary
Idaho Strategic Resources, Inc. furnished a press release on August 7, 2025 reporting its consolidated results for the quarter ended June 30, 2025. The release states the company achieved a 54.71% increase in revenue to $9,476,739, which the company calls a new quarterly revenue record, and that it completed 5,819 meters of drilling.
The press release is attached as Exhibit 99.1 to this Form 8-K and is furnished under Regulation FD (it is not being "filed" for Section 18 purposes). The Form 8-K itself does not include additional financial statements or detailed line-item results in the body of the filing.
Positive
- Record quarterly revenue: Revenue rose 54.71% to $9,476,739, described as a new quarterly revenue record.
- Operational activity: The company completed 5,819 meters of drilling, indicating continuing field work and exploration/production activity.
- Timely disclosure: The company furnished a press release and disclosed results via Exhibit 99.1, providing investors with an update.
Negative
- Limited financial detail: The Form 8-K furnishes a press release but does not include detailed financial statements or metrics beyond the revenue figure shown in the exhibit title.
- Exhibit furnished, not filed: The press release is furnished under Regulation FD and is not deemed "filed" for Section 18 purposes, which may limit legal recourse tied to filed disclosures.
Insights
Record revenue up 54.71% to $9.48M signals material top-line improvement; limited disclosure constrains full assessment.
The company reports a substantial quarter-over-quarter or year-over-year revenue increase of 54.71% to $9,476,739, described as a new quarterly revenue record. That magnitude of revenue change is material on its face and is what investors will focus on. The filing also notes completion of 5,819 meters of drilling, indicating ongoing operational activity. However, this Form 8-K furnishes a press release and does not include comprehensive financial statements, profit/loss figures, cash flow details, or forward guidance within the filing itself, so investors cannot fully evaluate margins, profitability, or cash generation from this document alone.
Operational update: 5,819 meters drilled is concrete exploration progress; paired with record revenue this is notable but lacks project-level detail.
The filing highlights operational progress by reporting 5,819 meters of drilling completed alongside a record quarterly revenue result. For a resource-focused company, drilling meters are a clear operational metric showing field activity. Combined with a 54.71% revenue increase, these facts point to active operations and higher sales in the reported quarter. The exhibit is furnished as a press release, and the 8-K does not provide project-level production, grade, or cost information, so the industry impact cannot be fully assessed from this filing alone.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
Commission file number:
(Exact Name of Registrant as Specified in its Charter) |
| ||
(State or other jurisdiction of incorporation or organization) |
| (I.R.S. Employer Identification No.) |
| ||
(Address of principal executive offices) |
| (zip code) |
Registrant's telephone number, including area code: (
N/A
(Former Name or Former Address if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(g) of the Act:
Title of Each Class |
| Trading Symbol(s) |
| Name of Each Exchange on Which Registered |
|
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b–2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 Regulation FD Disclosure.
The Company issued a press release on August 7, 2025, announcing its consolidated operating and financial results for the second quarter ending June 30, 2025.
A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference. The information in this Current Report on Form 8-K (including the exhibits) is furnished pursuant to Item 7.01 and shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. This Current Report on Form 8-K will not be deemed an admission as to the materiality of any information in the Report that is required to be disclosed solely by Regulation FD.
Item 9.01. Financial Statements and Exhibits
d) Exhibits
99.1 |
| Press Release, dated August 7, 2025 entitled “Idaho Strategic Reports Record Second Quarter Operating and Financial Performance - Highlighted by a 54.71% Increase in Revenue to $9,476,739 – a New Quarterly Revenue Record, and the Completion of 5,819 Meters of Drilling” |
*The foregoing exhibit relating to Item 7.01 is intended to be furn1ished to, not filed with, the SEC pursuant to Regulation FD.
2 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
IDAHO STRATEGIC RESOURCES, INC. | |||
| By: | /s/ John Swallow | ||
| John Swallow Its: President & CEO Date: August 8, 2025 | ||
3 |
FAQ
What did Idaho Strategic (IDR) report in this 8-K?
When was the press release dated and attached as an exhibit?
Is the press release in the 8-K considered filed with the SEC?
How much drilling did IDR complete according to the filing?
Does the 8-K include full financial statements or profit figures?
