Idaho Strategic Releases 2024 Year in Review
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 (IDR) ha riportato una crescita significativa nel 2024, con i ricavi aumentati dell'84%, il reddito netto in crescita del 744% e gli utili per azione aumentati del 600% nei primi tre trimestri. Il denaro per azione della società è salito del 372%, passando da 0,18 dollari a 0,85 dollari.
Presso la miniera Golden Chest, IDR ha costruito un edificio in acciaio di 80x150 piedi per un impianto di riempimento a pasta previsto, che dovrebbe far risparmiare tra i 500k e gli 800k dollari all'anno una volta operativo a metà del 2025. L'azienda ha completato circa 10.600 metri di perforazione del nucleo, scoprendo il Vena Red Star con intercettazioni notevoli, tra cui 34,1 gpt di oro su 1,8 metri. IDR ha anche acquisito la proprietà di 169 acri di Butte Gulch.
La società ha avanzato i suoi progetti di elementi delle terre rare (REE), in particolare a Lemhi Pass, dove i campioni hanno mostrato REE magnetici superiori al 70% della concentrazione totale di REE. IDR ha ricevuto un grant di 430k dollari dal Fondo per gli Investimenti nelle Comunità Rurali per aggiornamenti alle infrastrutture energetiche e ha collaborato con Radiant Industries per il loro programma di reattore micronucleare Kaleidos.
Idaho Strategic Resources (IDR) reportó un crecimiento significativo en 2024, con ingresos que aumentaron un 84%, ingresos netos que se elevaron un 744% y ganancias por acción que crecieron un 600% durante los primeros tres trimestres. El efectivo por acción de la empresa se disparó un 372%, pasando de $0.18 a $0.85.
En la mina Golden Chest, IDR construyó un edificio de acero de 80x150 pies para una planta de relleno de pasta planificada, que se espera ahorre entre $500k y $800k anuales una vez que esté en funcionamiento a mediados de 2025. La empresa completó aproximadamente 10,600 metros de perforación de núcleo, descubriendo la veta Red Star con interceptaciones notables, incluyendo 34.1 gpt de oro sobre 1.8 metros. IDR también adquirió la propiedad de 169 acres de Butte Gulch.
La compañía avanzó en sus proyectos de elementos de tierras raras (REE), particularmente en Lemhi Pass, donde las muestras mostraron REE magnéticos que superaban el 70% de la concentración total de REE. IDR recibió una subvención de $430k del Fondo de Inversión en Comunidades Rurales para mejoras en la infraestructura energética y se asoció con Radiant Industries para su programa de reactor micronuclear Kaleidos.
아이다호 전략 자원(IDR)은 2024년에 상당한 성장을 보고했으며, 수익이 84% 증가하고, 순이익이 744%, 주당 순이익이 600% 성장했습니다. 회사의 주당 현금은 $0.18에서 $0.85로 372% 급증했습니다.
골든 체스트 광산에서 IDR은 계획된 페이스트 백필 플랜트를 위해 80x150 피트의 강철 구조물 건물을 건설했으며, 2025년 중반 운영될 경우 연간 $500k에서 $800k를 절약할 것으로 예상됩니다. 이 회사는 약 10,600미터의 코어 드릴링을 완료하고, 1.8미터에서 34.1 gpt의 금이 포함된 레드 스타 광맥을 발견했습니다. IDR은 또한 169에이커의 부트 걸치 부지를 인수했습니다.
회사는 희토류 요소(REE) 프로젝트를 발전시켰으며, 특히 렘히 패스에서 샘플이 전체 REE 농도의 70%를 초과하는 자성 REE를 보여주었습니다. IDR은 전력 인프라 업그레이드를 위해 $430k의 농촌 커뮤니티 투자 기금을 받았으며, Radiant Industries와 협력하여 그들의 카레도스 마이크로핵반응로 프로그램을 진행했습니다.
Idaho Strategic Resources (IDR) a signalé une croissance significative en 2024, avec des revenus en augmentation de 84%, un revenu net en hausse de 744% et des bénéfices par action augmentant de 600% au cours des trois premiers trimestres. La trésorerie par action de la société a flambé de 372%, passant de 0,18 $ à 0,85 $.
À la mine Golden Chest, IDR a construit un bâtiment en acier de 80x150 pieds pour une usine de remblai à pâte prévue, qui devrait permettre d'économiser entre 500k $ et 800k $ par an une fois opérationnelle à la mi-2025. L'entreprise a complété environ 10 600 mètres de forage et a découvert la veine Red Star avec des interceptions notables, y compris 34,1 gpt d'or sur 1,8 mètre. IDR a également acquis la propriété de Butte Gulch de 169 acres.
L'entreprise a avancé ses projets d'éléments de terres rares (REE), en particulier à Lemhi Pass, où des échantillons ont montré que les REE magnétiques dépassaient 70 % de la concentration totale des REE. IDR a reçu une subvention de 430k $ du Rural Community Investment Fund pour des mises à niveau des infrastructures énergétiques et a établi un partenariat avec Radiant Industries pour leur programme de réacteur micronucléaire Kaleidos.
Idaho Strategic Resources (IDR) meldete im Jahr 2024 ein signifikantes Wachstum mit einer Umsatzsteigerung von 84%, einem Anstieg des Nettogewinns um 744% und einem Gewinn pro Aktie, der um 600% gewachsen ist, in den ersten drei Quartalen. Der Cash-Betrag pro Aktie sprang um 372% von 0,18 $ auf 0,85 $.
In der Golden Chest Mine baute IDR ein 80x150 Fuß großes Gebäude mit Stahlrahmen für ein geplantes Backfill-Werk, das voraussichtlich jährlich 500k bis 800k $ einsparen wird, sobald es Mitte 2025 in Betrieb ist. Das Unternehmen schloss etwa 10.600 Meter Kernbohrungen ab und entdeckte die Red Star Ader mit bemerkenswerten Durchschlägen, darunter 34,1 gpt Gold über 1,8 Meter. IDR erwarb außerdem das 169 Hektar große Grundstück Butte Gulch.
Das Unternehmen entwickelte seine Projekte für seltene Erden (REE) weiter, insbesondere in Lemhi Pass, wo Proben zeigten, dass die magnetischen REEs mehr als 70% der Gesamtkonzentration der REEs ausmachten. IDR erhielt eine Förderung in Höhe von 430k $ aus dem Rural Community Investment Fund für Verbesserungen der Energieinfrastruktur und ging eine Partnerschaft mit Radiant Industries für ihr Kaleidos-Mikronuklearreaktorprogramm ein.
- Revenue increased 84% in first three quarters
- Net income grew 744%
- Earnings per share up 600%
- Cash per share increased 372% from $0.18 to $0.85
- Expected annual savings of $500k-$800k from paste backfill plant
- Acquired 169 acres of debt-free strategic land
- Secured $430k government grant for infrastructure
- Reduced rate of rare earth elements development compared to plans
- Delays in core logging, sampling, and assaying for Q3-Q4 drilling
Insights
COEUR D'ALENE, ID / ACCESSWIRE / January 7, 2025 / Idaho Strategic Resources, Inc. (NYSE American:IDR) ("IDR" or the "Company") is pleased to celebrate its team's accomplishments in 2024 as the Company looks forward to a busy and productive 2025.
Idaho Strategic's President and CEO, John Swallow commented, "On behalf of our team at Idaho Strategic, I would like to thank our shareholders and broader stakeholders for their support during 2024. Our Company has turned the corner on profitability which has allowed us to reinvest in the business in ways we weren't able to in the past. Through the first three reported quarters, IDR has increased its total revenue by
Key accomplishments at the Golden Chest mine during 2024 include the construction of an 80 foot x 150 foot steel-framed building to be utilized as the Company's planned paste backfill plant with the potential to also house a new mill onsite. The planned paste backfill plant is expected to save the Company approximately
Idaho Strategic continued to advance its extensive rare earth elements landholdings in 2024, albeit at a reduced rate compared to what the Company has planned for 2025. During the year many new relationships were formed with various stakeholders scattered throughout the domestic REE supply chain and within various arms of the US Government. In addition to sampling and mineralogical studies completed in 2024, the Company announced the impressive mix of REEs seen in numerous samples at its Lemhi Pass project, which include a unique concentration of magnet REEs in excess of
On the corporate development front, during 2024 Idaho Strategic received a Rural Community Investment Fund grant from the state of Idaho in the amount of
John Swallow concluded, "While much was accomplished in 2024, it is my belief that if we continue to execute, the accomplishments of 2024 will pale in comparison to those planned for 2025. Many of the exploration and operational plans that were added to a ‘wish list' in the early days are now becoming reality, actively being revaluated, and logically implemented - the construction of the paste backfill plant is a great example of this. Overall, the investments made throughout 2024 have set the foundation and provided our team with the resources necessary for another great year in 2025. Please enjoy our 2024Year in Photos below."
Completed paste backfill building - this building went from an idea on paper in February 2024 to a reality by Christmas 2024
Two separate Golden Chest underground tours - Idaho's Congressman Russ Fulcher and executives from Avista Utilities
One of three drill rigs that spent a lot of time at the Golden Chest mine this year
Members from IDR invited to tour Idaho National Lab's Advanced Test Reactor and IDR's team
members getting ready to take the MicroCapClub Investor Summit underground
Andrew Brackebusch presenting on IDR's paste backfill transition at the
Idaho Mining Conference while the paste backfill filter press was being unloaded at the New Jersey Mill
IDR's newest piece of equipment - a 6-cubic yard underground loader with an ejector bucket.
The newest of two of these "workhorse" machines
About Idaho Strategic Resources, Inc.
Idaho Strategic Resources (IDR) is an Idaho-based gold producer which also owns the largest rare earth elements land package in the United States. The Company's business plan was established in anticipation of today's volatile geopolitical and macroeconomic environment. IDR finds itself in a unique position as the only publicly traded company with growing gold production and significant blue-sky potential for rare earth elements exploration and development in one Company.
For more information on Idaho Strategic Resources, visit https://idahostrategic.com/presentation/, go to www.idahostrategic.com or call:
Travis Swallow, Investor Relations & Corporate Development
Email: tswallow@idahostrategic.com
Phone: (208) 625-9001
Forward Looking Statements
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that are intended to be covered by the safe harbor created by such sections. Often, but not always, forward-looking information can be identified by forward-looking words such as "intends", "potential", "believe", "plans", "expects", "may", "goal', "assume", "estimate", "anticipate", and "will" or similar words suggesting future outcomes, or other expectations, beliefs, assumptions, intentions, or statements about future events or performance. Forward-looking information is based on the opinions and estimates of Idaho Strategic Resources as of the date such information is provided and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of IDR to be materially different from those expressed or implied by such forward-looking information. Additionally, a recount of past performance should not be taken as an indication of future performance and mentions of Q4 being the Company's best ever are subjective to specific metrics and does not include all metrics one could evaluate when making that claim. Investors should note that IDR's claim as the largest rare earth elements landholder in the U.S. is based on the Company's internal review of publicly available information regarding the rare earth landholdings of select companies within the U.S., which IDR is aware of. Investors are encouraged not to rely on IDR's claim as the largest rare earth elements landholder in the U.S. while making investment decisions. The forward-looking statement information above, and those following are applicable to both this press release, as well as the links contained within this press release. With respect to the business of Idaho Strategic Resources, these risks and uncertainties include risks relating to widespread epidemics or pandemic outbreaks; interpretations or reinterpretations of geologic information; the accuracy of historic estimates; unfavorable exploration results; inability to obtain permits required for future exploration, development or production; general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices; the ability to obtain necessary future financing on acceptable terms; the ability to operate the Company's projects; and risks associated with the mining industry such as economic factors (including future commodity prices, and energy prices), ground conditions, failure of plant, equipment, processes and transportation services to operate as anticipated, environmental risks, government regulation, actual results of current exploration and production activities, possible variations in ore grade or recovery rates, permitting timelines, capital and construction expenditures, reclamation activities. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on such information. Additional information regarding the factors that may cause actual results to differ materially from this forward‐looking information is available in Idaho Strategic Resources filings with the SEC on EDGAR. IDR does not undertake any obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law.
Contact Information
Travis Swallow
Investor Relations & Business Development
tswallow@idahostrategic.com
(208)-625-9001
SOURCE: Idaho Strategic Resources, Inc.
View the original press release on accesswire.com
FAQ
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