[Form 4] Idaho Strategic Resources, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Tenaris S.A. (TS) filed a Form 6-K on 18 Jul 2025 disclosing weekly activity under the first tranche of its USD1.2 bn share buyback program launched 6 Jun 2025. Between 14–18 Jul 2025 the company repurchased 2,836,581 ordinary shares on the open market, spending €45.6 m (≈USD53.0 m). This represents roughly 8.8 % of the USD600 m tranche and 4.4 % of the total program authorization.

Following the purchases, Tenaris now holds 20,058,339 treasury shares, equal to 1.87 % of issued share capital. Management states that these shares will be cancelled in due course, implying a modest reduction in shares outstanding and potential accretion to per-share metrics.

No additional operating or financial figures were provided. Full transaction details are available on the company website; forward-looking language cautions that oil-and-gas demand could affect future results.

Insights

Equity Analyst

TL;DR Share buyback execution signals confidence; modest but accretive, overall impact slightly positive.

The USD53 m repurchase reduces float by nearly 0.3 % this week and brings total treasury stock to 1.87 %. While only a small slice of the USD600 m tranche, the steady pace supports price and indicates ample liquidity. Planned cancellation should lift EPS marginally. Absent broader financial data, the filing is chiefly a capital-allocation update—not a game-changer, but positive for shareholder returns.

Risk Analyst

TL;DR Limited risk implications; cash outflow minor versus balance-sheet scale.

The €45.6 m spend is unlikely to strain Tenaris’s strong net cash position. However, allocating capital to buybacks amid volatile energy demand could be questioned if cyclical downturn materialises. Management’s intent to cancel shares mitigates dilution but reduces financial flexibility slightly. Overall risk impact is neutral.

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

1. Name and Address of Reporting Person^*

Hayes Monique D

(Last) (First) (Middle)

201 N 3RD 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
07/18/2025

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 Shares(1)	07/18/2025		S		4,829	D	$21	3,913	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. The 4,829 shares of Common Stock sold by Ms. Hayes were purchased in the open market on March 6, 2017. This transaction completes the sale of 4,829 common shares disclosed on From 144 on July 18, 2025 by Ms. Hayes.

	/s/ Monique D. Hayes	07/18/2025
	** Signature of Reporting Person	Date
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