Idaho Strategic Resources, Inc. - IDR STOCK NEWS

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, Inc. (NYSE American: IDR), formerly known as New Jersey Mining Company, is a vertically integrated, junior mining company based in Idaho. The company focuses on the production of gold and the exploration of rare earth elements (REE). Its flagship project is the Golden Chest Mine, from which it has achieved significant gold production milestones.

Besides gold production, Idaho Strategic Resources has established a strategic presence in the Critical Minerals sector, advancing key REE projects including Lemhi Pass, Diamond Creek, and the Roberts Rare Earth Element projects in central Idaho. These projects are poised to enhance the U.S. rare earth supply chain, particularly with the recent discovery of high-grade rare earth oxides (TREO) in the Mineral Hill District.

In 2023, Idaho Strategic Resources reported milestone achievements, including the discovery of a new pink carbonatite with 34.1% TREO at Upper Roberts, which is among the highest grades identified in the U.S. recently. The company's comprehensive exploration program in Mineral Hill led to the identification of multiple new carbonatite exposures and bulk sampling results indicating high-grade REE values.

Financially, Idaho Strategic Resources has transitioned to profitability, with a 41.9% revenue increase and a 32.7% rise in gold production over 2022. The company’s strategic initiatives include the purchase of the Butte Gulch property, enhancing its operational footprint, and investments in new equipment such as a paste backfill system for improved efficiency and cost savings.

Idaho Strategic Resources is actively involved in building collaborations and partnerships. Notably, it entered a non-binding memorandum of understanding with Radiant Industries to potentially deploy a meltdown-proof microreactor, Kaleidos, at one of its sites, aiming to replace diesel generators with sustainable power solutions.

CEO John Swallow's leadership has been instrumental in steering the company through significant growth, positioning Idaho Strategic Resources as a pivotal player in the critical minerals sector. The company is committed to responsible mining practices and contributing to local communities while advancing its exploration and production capabilities.

03/25/2024 06:30 AM

News

Idaho Strategic Reports 2023 Operating and Financial Performance

Rhea-AI Summary

Idaho Strategic Resources, Inc. (IDR) reported a 42.6% increase in revenue and achieved profitability for the first full year. The company's CEO highlighted the successful gold production and exploration efforts in 2023. Financially, IDR saw significant growth in revenue, gross profit, and net income, with a positive outlook for 2024.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

1.18%

Tags

02/12/2024 07:00 AM

News

Idaho Strategic Expands Murray Gold Belt Private Land Position - Plans to Add Paste Backfill System at the Golden Chest

Rhea-AI Summary

Idaho Strategic Resources (NYSE American: IDR) announces the acquisition of Butte Gulch property adjacent to its Golden Chest Mine, aiming to explore potential lode gold deposits. The company plans to enhance production at Golden Chest and expand operations in the Murray Gold Belt district by implementing cost-saving measures like a new mill tailings paste backfill system.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-1.59%

Tags

01/24/2024 07:00 AM

News

Idaho Strategic CEO and President to Speak at U.S. Department of Energy's Critical Minerals Workshop

Rhea-AI Summary

Idaho Strategic Resources (IDR) CEO invited to speak at U.S. Department of Energy workshop on responsible mining of critical minerals. Workshop aims to address challenges and opportunities for U.S. critical minerals independence.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-0.59%

Tags

01/18/2024 07:00 AM

News

Idaho Strategic Provides Record Full-Year 2023 Top-line Numbers

Rhea-AI Summary

Idaho Strategic Resources (IDR) announces a 41.9% increase in revenue and a 32.7% increase in gold production for 2023, with estimated top-line revenue of $13.6 million. President and CEO, John Swallow, expressed satisfaction with the company's performance, highlighting the consistent revenue growth and operating results. The positive financial data and production increase indicate a successful year for IDR, positioning the company for continued success in 2024.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

0.22%

Tags

01/16/2024 07:00 AM

News

Idaho Strategic to Participate in Upcoming Industry Events

Rhea-AI Summary

Idaho Strategic Resources (IDR) announces participation in Vancouver Resource Investment Conference and Idaho Mining Day at the Capitol. The Company's management team, including President and CEO John Swallow, will be present at both events to meet with potential investors, analysts, and industry stakeholders. The strategic approach to increase awareness within the industry reflects the Company's confidence in its production-based exploration strategy and unique positioning to provide exposure to both gold and critical minerals essential for decarbonization and supply chain security.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-0.64%

Tags

01/03/2024 07:00 AM

News

Idaho Strategic Provides 2023 Year in Review

Rhea-AI Summary

Idaho Strategic Resources (NYSE American: IDR) achieved profitability in 2023, with increased revenue, exploration, and resource definition drilling. The company also added a 30-tonne CAT underground haul truck, completed numerous mapping and sampling programs, and identified a rare earth bearing seam containing greater than 34% total rare earth oxides. The addition of Carolyn Turner to the Board of Directors and operational successes were noted. Looking ahead to 2024, the company plans to maintain profitability, reinvest profits into increased exploration, and position itself as a recognized store of value amidst global economic and political challenges.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-2.86%

Tags

12/13/2023 07:00 AM

News

Idaho Strategic's Mineral Hill Sample Returns 34% Total Rare Earth Oxides (TREO)

Rhea-AI Summary

Idaho Strategic Resources (NYSE American: IDR) announces the results of its 2023 Mineral Hill exploration program, revealing the discovery of a new pink carbonatite yielding 34.1% total rare earth oxides. The Upper Roberts' carbonatite trend contains multi-grade carbonatites with some of the highest grade REE values ever identified in the Mineral Hill District. Mapping efforts also found new outcrops of carbonatite, indicating additional trends and igneous activity. The company plans to develop drill targets and continue mapping efforts over the remaining 1,800 acres to locate new carbonatite occurrences.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

5.21%

Tags

11/15/2023 07:00 AM

News

Idaho Strategic's Lemhi Trenching Returns Up to 5% Total Rare Earths - Including Magnet REE Concentrations in Excess of 70%

Rhea-AI Summary

Idaho Strategic Resources (NYSE American:IDR) announces the results of its 2023 trenching program at Lemhi Pass. The company tested three historical prospects - In-Trust, Sparky, and Independence - on its expansive land position. The In-Trust prospect encountered strong REE mineralization, with samples showing up to 3.28% total rare earths (TREE), including neodymium, praseodymium, samarium, and dysprosium. At Sparky, samples returned the highest published total rare earth elements assay (5.2% TREE) in the Lemhi Pass district to date. However, trenching at Independence failed to uncover REE bearing fault. IDR's Vice President of Exploration, Rob Morgan, expressed optimism about the project's potential and plans for deeper exploration next year.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-0.8%

Tags

11/06/2023 06:30 AM

News

Idaho Strategic Provides Third Quarter 2023 Operating and Financial Results - Achieves 89.15% Increase in Revenue

Rhea-AI Summary

Idaho Strategic Resources, Inc. (IDR) has achieved its 4th consecutive quarter of profitability and revenue above $3 million. The company's revenue for the nine-month period ending Sept. 30th, 2023, exceeded the revenue achieved for all of 2022.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

3.55%

Tags

10/18/2023 07:00 AM

News

Idaho Strategic Extends Strike Length of High-Grade Mineralization at its Mineral Hill Rare Earth Elements Project - Provides Broader REE Update

Rhea-AI Summary

Idaho Strategic Resources announces extension of high-grade mineralization at Mineral Hill rare earth elements project and progress at Idaho REE projects

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

7.41%

Tags

FAQ

What is the current stock price of Idaho Strategic Resources (IDR)?

The current stock price of Idaho Strategic Resources (IDR) is $11.59 as of December 2, 2024.

What is the market cap of Idaho Strategic Resources (IDR)?

The market cap of Idaho Strategic Resources (IDR) is approximately 165.6M.

What is Idaho Strategic Resources, Inc. (IDR) known for?

Idaho Strategic Resources is known for its gold production at the Golden Chest Mine and its strategic presence in the Critical Minerals sector, focusing on rare earth elements projects in Idaho.

What are the recent achievements of Idaho Strategic Resources?

Recent achievements include discovering high-grade rare earth oxides at the Mineral Hill District, transitioning to profitability, and a significant increase in gold production and revenue in 2023.

What projects is Idaho Strategic Resources currently focused on?

The company is focused on its Golden Chest Mine for gold production and advancing rare earth element projects such as Lemhi Pass, Diamond Creek, and the Roberts Rare Earth Element projects.

How has Idaho Strategic Resources performed financially recently?

In 2023, Idaho Strategic Resources reported a 41.9% increase in revenue and a 32.7% rise in gold production over 2022, marking its shift to profitability.

What is the significance of the recent property acquisition by Idaho Strategic Resources?

The acquisition of the Butte Gulch property enhances the company's operational footprint and provides potential for new mining and milling facilities adjacent to the Golden Chest Mine.

What collaborations has Idaho Strategic Resources entered into?

The company has a memorandum of understanding with Radiant Industries to potentially deploy the Kaleidos microreactor, aimed at providing sustainable power solutions for remote mining sites.

What is the impact of the company's exploration efforts in the Mineral Hill District?

Exploration efforts have led to the discovery of high-grade rare earth oxides, with samples yielding up to 34.1% TREO, positioning the company as a key player in the U.S. rare earth supply chain.

Who leads Idaho Strategic Resources, Inc.?

John Swallow serves as the President and CEO, leading the company through significant growth and strategic advancements in both gold production and rare earth elements exploration.

What is Idaho Strategic Resources' approach to mining?

The company is committed to responsible mining practices, environmental stewardship, and contributing positively to the local communities where it operates.

How can investors get more information about Idaho Strategic Resources?

Investors can visit the company's website at www.idahostrategic.com or contact Travis Swallow, Investor Relations & Corporate Development, via email at tswallow@idahostrategic.com or phone at (208) 625-9001.