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 (IDR) operates as a vertically integrated mining company focused on gold production and rare earth elements exploration in Idaho. This page serves as the definitive source for official press releases and curated news about operational developments, exploration milestones, and strategic initiatives.
Investors and industry observers will find timely updates on the Golden Chest Mine's production metrics, progress at critical mineral projects like Lemhi Pass and Diamond Creek, and innovations in mining efficiency. The curated content enables stakeholders to track IDR's dual focus on maintaining gold output while advancing domestic rare earth element resources.
Key updates include quarterly production results, resource expansion announcements, technological advancements in vertical integration processes, and community engagement initiatives. All content is verified through primary sources to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for direct access to IDR's latest developments. Combine regular monitoring with review of historical announcements to identify operational trends and strategic priorities within Idaho's evolving mining landscape.
Idaho Strategic Resources (IDR) reported exceptional financial results for 2024, with annual revenue increasing 88.66% and net income surging 663.27%. The company ended the year with $16,091,024 in cash and US Treasury Notes investments, marking nine consecutive quarters of GAAP profitability.
At the Golden Chest mine, IDR produced 11,915 ounces of gold, mining 41,140 tonnes of ore from the H-Vein underground with an average grade of 9.67 grams per tonne and 92.8% gold recovery. Notable drilling results included a significant intercept of 50.9 gpt gold over 4.5 meters in the newly discovered Red Star zone.
The company maintained its position as the largest rare earth elements landholder in the United States, engaging in various industry conferences and discussions to advance understanding of Idaho's rare earth mineralogy.
Idaho Strategic Resources (IDR) has announced its most extensive rare earth elements (REE) exploration plans for 2025, focusing on three projects within Idaho's 70-mile REE-Th Belt: Lemhi Pass, Mineral Hill, and Diamond Creek. The announcement aligns with President Trump's recent Executive Order to boost domestic mineral production.
At Lemhi Pass, which previously yielded up to 5% total rare earth oxides with magnet REEs exceeding 70%, IDR plans radiometric surveys and soil sampling. Mineral Hill will undergo drone-assisted radiometric, magnetic, and lidar mapping, building on previous findings of 20-34% TREO at the Upper Roberts occurrence. At Diamond Creek, the company plans follow-up trenching with drilling options, expanding on their 2022 program and historic resources identified by USGS in 1979.
The company positions itself as the largest rare earth elements landholder in the United States, combining gold production with REE exploration potential. The exploration strategy aims to capitalize on the new administration's focus on developing domestic resources and reshoring American jobs.
Idaho Strategic Resources (NYSE American:IDR) has announced significant high-grade drill results from its Golden Chest Mine. The standout discovery includes an intercept of 1.3 meters yielding 150.25 grams per tonne (gpt) gold within a larger 4.5-meter section averaging 50.86 gpt gold in the Red Star Vein.
The company successfully intercepted high-grade gold in six separate veins, all located near existing underground infrastructure. While the true thickness of the Red Star vein remains undetermined, the H-Vein intercepts are near true thickness, and the Bush, Jumbo, and Paymaster intercepts are estimated at approximately 70% of true thickness.
IDR has expanded its geology team to support planned 2025 exploration activities, including resource expansion drilling at Golden Chest Mine, exploration of historic mines in the Murray Gold Belt District, and a first-ever drill program at Eastern Star. The company highlights that these exploration targets are situated on private land in Idaho, potentially enabling rapid development upon successful discovery.
Idaho Strategic Resources (IDR) reported significant growth in 2024, with revenue increasing 84%, net income rising 744%, and earnings per share growing 600% through the first three quarters. The company's cash per share jumped 372% from $0.18 to $0.85.
At the Golden Chest mine, IDR constructed an 80x150 foot steel-framed building for a planned paste backfill plant, expected to save $500k-$800k annually once operational in mid-2025. The company completed approximately 10,600 meters of core drilling, discovering the Red Star Vein with notable intercepts including 34.1 gpt gold over 1.8 meters. IDR also acquired the 169-acre Butte Gulch property.
The company advanced its rare earth elements (REE) projects, particularly at Lemhi Pass, where samples showed magnet REEs exceeding 70% of total REE concentration. IDR received a $430k Rural Community Investment Fund grant for power infrastructure upgrades and partnered with Radiant Industries for their Kaleidos micronuclear reactor program.
Idaho Strategic Resources (NYSE American:IDR) has released a President's Letter to stakeholders discussing the company's strategic position and market outlook. The letter emphasizes IDR's business strategy built around identifying market dislocations and opportunities in gold and rare earth elements. The company highlights its position as the only publicly traded entity combining growing gold production with rare earth elements exploration potential. The letter notes favorable conditions with gold trading above $2,700 per ounce and discusses broader economic trends including BRICS Nations Alliance emergence, U.S. critical minerals dependency, and shifting global currency dynamics.
Idaho Strategic Resources (IDR) has provided an update on its rare earth elements (REE) operations and plans for 2025, focusing on the Lemhi Pass project. The company reported favorable REE mix with high concentrations of valuable elements, including 58% Nd, 8% Pr, 8% Sm, and 2% Dy, accounting for 76% of total REEs. Comparative analysis shows IDR's prospects performing well against global REE mines. For 2025, IDR plans a larger trenching and low-impact air rotary drilling program at the 12,000-acre Lemhi Pass project. The company is also collaborating with national laboratories to advance minerology understanding and develop processing technologies specific to Idaho's REE projects.
Idaho Strategic Resources (IDR) reported strong Q3 2024 financial results, with revenue increasing 86.39% to $6.15 million and net income surging 376.44% to $2 million compared to Q3 2023. The company's gold production grew 45.11% to 2,892 ounces, with an average flotation feed grade of 9.32 gpt. All-in sustaining costs were $1,500.86 per ounce. The Golden Chest mine processed 10,470 tonnes with a 93.1% gold recovery rate. The company achieved record cemented rockfill placement and continued exploration activities with three drill rigs operating, including the discovery of the Red Star Vein.
Idaho Strategic Resources (NYSE American:IDR) has announced a new high-grade gold discovery and preliminary highlights from its Golden Chest 2024 summer drill program. The company discovered the Red Star Vein during a drill program targeting hangingwall veins in the Klondike area, approximately 600 meters north of existing mining operations.
Key highlights include:
- Drill Hole GC 24-258 intercepted 1.8 meters of the Red Star Vein, assaying 34.1 grams per tonne (gpt) gold, part of a larger 9.3-meter intercept assaying 8.2 gpt gold.
- Twelve drillholes completed, with four encountering high-grade gold intercepts of the Red Star Vein.
- Additional veins discovered during the 2024 drill program, including potential northern extension of the H-Vein.
The company has rerouted a drill rig to accelerate near-mine discovery potential and plans to develop a new underground drill station for further exploration. IDR is also progressing with its paste backfill plant construction and considering building a new mill onsite at the Golden Chest.
Idaho Strategic Resources (NYSE American: IDR) has been awarded a $430,000 grant from Idaho's Rural Community Investment Fund (RCIF) for power infrastructure upgrades. This joint application with Shoshone County and Avista Utilities will benefit the Golden Chest Mine and surrounding communities. The upgrade will support the planned addition of a paste backfill system and increased mine development efforts.
Key points:
- The project covers nearly 23 line-miles between Wallace and Murray
- Construction of the paste backfill plant is expected to begin this summer
- IDR has committed to creating 6 new jobs and retaining 10 current jobs by April 2027
- The company may face potential reimbursement if job creation targets are not met
This grant demonstrates Idaho's support for mining and IDR's positive impact on local economies. The power upgrade is a important step towards potential future expansion in the Murray Gold Belt.
Idaho Strategic Resources (NYSE American:IDR) reported impressive Q2 2024 results, with revenue up 89.26% to $6,125,382 and net income soaring 558.30% to $2,157,873 compared to Q2 2023. The company's earnings per share (EPS) increased by 466.67% to $0.17. Key operational highlights include:
- 34.99% increase in gold ounces produced to 2,903
- 40.77% improvement in average flotation feed grade to 10.29 gpt
- 93.6% gold recovery rate
The Golden Chest mine saw record cemented rockfill placement and started an exploration program. IDR also continued discussions on rare earth elements. CEO John Swallow emphasized the company's strong performance and strategic positioning in the current macroeconomic environment.
