Idaho Strategic Resources director reduces position by 6,500 shares

Rhea-AI Filing Summary

Kevin G. Shiell, a director of Idaho Strategic Resources, sold 6,500 common shares on 08/11/2025 at a weighted average price of $25.03 per share, with the sale prices ranging from $24.31 to $25.45. The filing states these shares were originally acquired on March 28, 2017 in a private placement.

The transaction completes the disposition of 14,286 common shares previously disclosed on Form 144. After this reported sale Mr. Shiell beneficially owned 49,016 common shares held directly. No derivative securities are reported on this Form 4.

Positive

• Retained direct ownership of 49,016 common shares after the transaction.
• Sale completes previously disclosed disposition of 14,286 shares as noted in the explanation.

Negative

• Insider sold 6,500 shares at a weighted average price of $25.03, reducing direct holdings.

Insights

Securities Analyst

TL;DR: Director sale of 6,500 shares at a $25.03 weighted average; retains 49,016 shares—routine insider disposition with limited disclosed implications.

The Form 4 reports a sale (code S) of 6,500 common shares executed on 08/11/2025 at a weighted average price of $25.03, with per-share prices between $24.31 and $25.45. The shares were acquired on March 28, 2017 via a private placement. The filing notes this sale completes a previously disclosed disposition of 14,286 shares. There are no derivative transactions reported. Based solely on the filing, this appears to be a disclosed, completed insider sale rather than a material change in ownership strategy.

Corporate Governance Expert

TL;DR: Transaction documents completion of an earlier disclosed sale; no derivatives or indirect holdings changes reported.

The reporting person is identified as a director who filed this Form 4 individually. The explanation clarifies the sold shares were part of a private placement acquisition and that the reported sale completes the previously disclosed sale amount. Table II contains no derivative security entries, indicating no options, warrants, or other derivative activity on this filing. From a governance disclosure perspective, the filing provides the required facts without additional qualifiers or plans noted.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Shiell Kevin G

(Last) (First) (Middle)

201 N. THIRD ST.

(Street)

COEUR D'ALENE ID 83814

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Idaho Strategic Resources, Inc. [ IDR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/11/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/11/2025		S		6,500(1)	D	$25.03(2)	49,016	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares sold in this transaction were acquired on March 28, 2017 through a private placement with the Registrant. This transaction completes the sale of 14,286 common shares disclosed on Form 144 filed on May 21, 2025

2. The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 6,500 shares is from $24.31 to $25.45. The filing person will provide full information regarding the number of shares sold at each separate price upon request from the SEC, or a shareholder of the Registrant

	/s/ Kevin Shiell	08/11/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Idaho Strategic Resources (IDR) insider Kevin G. Shiell sell?

6,500 common shares sold on 08/11/2025 at a weighted average price of $25.03 per share (range $24.31–$25.45).

How many IDR shares does Kevin Shiell own after the reported sale?

49,016 common shares beneficially owned following the reported transaction.

When and how were the sold shares originally acquired?

Acquired on March 28, 2017 through a private placement with the issuer.

Does the Form 4 report any derivative transactions for IDR?

No. Table II shows no derivative securities were acquired, disposed of, or beneficially owned on this filing.

Does this sale relate to a previously disclosed transaction?

Yes. The filing states this transaction completes the disposition of 14,286 common shares previously disclosed on Form 144.