Idaho Strategic Resources - IDR STOCK NEWS

Idaho Strategic Resources, Inc. announced a collaboration with Radiant Industries, Inc. to participate in the Kaleidos Frontier Pilot Program. The program aims to develop and deploy a meltdown-proof portable microreactor, Kaleidos, at remote mine sites. Radiant's Kaleidos unit is designed to provide clean, cost-effective power in hard-to-reach locations, replacing diesel generators. Idaho Strategic and Radiant will study the licensing process and timeline for deploying the Kaleidos unit. The agreement holds potential for both companies to work together in advancing domestic critical mineral supply chains and rare earth element properties. Radiant's Kaleidos reactor addresses a specific pain point faced by mining operations in a sustainable way. The collaboration aligns with efforts to secure clean power solutions for the mining industry. Radiant is building towards a test at Idaho National Laboratory in 2026, with commercial reactors available by 2028. The partnership also receives support from the U.S. Department of Energy and the U.S. Department of Defense.

Idaho Strategic Resources, Inc. provided a President's Letter to Stakeholders highlighting an 80.6% increase in gold production in Q1 2024, attributing success to team efforts and upcoming exploration plans. The Company plans to construct a paste backfill plant and a future mill at the Golden Chest site. Significant progress was made in REE projects, advancing critical minerals efforts. The President's decision to sell 10% of stockholdings for estate planning reasons does not reflect doubt in the Company's future.

Idaho Strategic Resources, Inc. (NYSE American: IDR) reported a remarkable first quarter for 2024 with a 76.5% revenue increase and a 35-fold surge in net income compared to the same period in 2023. The company exceeded its total net income for 2023, showcasing significant growth in operational and financial performance. Key highlights include higher gold prices, increased gold grades, and strategic investments in production and exploration activities.

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.

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.

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.

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.

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.

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.