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 (NYSE American: IDR) announced its Q2 2022 financial results, reporting revenue of $2,358,492, an increase from $2,180,232 in Q2 2021. The gross profit was $7,457, down from $362,249 in the same period last year, due to lower gold prices and higher costs. The company experienced an operating loss of $846,721, compared to $80,689 in Q2 2021. Key developments included the addition of the Lemhi Pass Project and ongoing drilling programs in the Murray Gold Belt, with expectations for further exploration results in the near future.
Idaho Strategic Resources (NYSE American: IDR) has completed construction of the first two drill platforms at its Diamond Creek Rare Earth Element (REE) Project in Idaho, with drilling set to commence this week. This 8,000-foot drill program aims to explore an estimated potential resource of 75,500 tons of total REE oxides, valued at over $4 billion. Concurrently, the University of Idaho is conducting REE separation experiments using samples obtained from the site. The project is part of the growing interest in the REE sector, bolstered by supportive local stakeholder engagement.
Idaho Strategic Resources, Inc. (NYSE American: IDR) has received final approval for its Diamond Creek Rare Earth Element (REE) drill program, set to commence this month. The project builds on previous geological studies and aims to enhance understanding of the area's extensive REE mineralization. The company also purchased an office building in Salmon, Idaho, reflecting its commitment to community-based operations. IDR's focus on the U.S. Critical Minerals sector, particularly REEs and thorium, positions it favorably within a market underscored by increasing demand for critical materials.
Idaho Strategic Resources (NYSE American:IDR) announced its endorsement of the Thorium Energy Security Act of 2022, introduced by Senators Tuberville and Marshall. This bill aims to preserve Uranium 233 (U-233), essential for clean energy production, which is critical to national security. The Company, which controls the largest known Thorium resource in the U.S., believes the act aligns with U.S. decarbonization goals. IDR’s leadership emphasizes the importance of reinvesting in thorium technology to maintain energy security amid global tensions, particularly with China.
Idaho Strategic Resources (IDR) announced the acquisition of the Lemhi Pass Thorium Project, recognized as the largest concentration of thorium resources in the U.S. The project, covering approximately 4,200 acres, enhances IDR's strategic positioning in the energy metals sector. The company's management believes this acquisition will bolster its rare earth element (REE) portfolio and result in a valuable opportunity amidst the current focus on low-carbon energy solutions. Additionally, the Lemhi Pass area features significant REE occurrences that could generate by-products in future production.
Idaho Strategic Resources (NYSE American: IDR) reported its Q1 2022 financial results, highlighting a revenue increase to $2,044,417 from $1,586,627 in Q1 2021. The company achieved a gross profit of $306,143 compared to a gross loss of $71,403 in the prior year. Significant operational milestones include the up-listing to the NYSE, extinguishing $2 million in convertible debt, and establishing a new underground production record. Despite these successes, IDR recorded a net loss of $473,069, though this is an improvement over last year's loss of $1,662,404.
Idaho Strategic Resources, Inc. (IDR) has announced the acquisition of the Lemhi Pass Rare Earth Element (REE) project in central Idaho, comprising 25 unpatented claims over 425 acres. This area is strategically significant due to its historical REE values and is recognized as a critical mineral district in the U.S. The company aims to leverage its minimal debt, focus on hard assets, and growing gold production. Additionally, IDR believes this acquisition will enhance its position in the domestic supply chain for critical minerals.
Idaho Strategic Resources (NYSE American:IDR) announces its CEO, John Swallow, was featured on the Planet MicroCap Due Diligence Podcast on May 2, 2022. During the interview, Swallow shared insights about the company's growth philosophy and its recent up-listing to the NYSE American. Idaho Strategic emphasizes a collaborative approach to business and the importance of local involvement in operations. The company is notably recognized for its rare earth element properties and gold production in Idaho's Coeur d'Alene Mining District. For more details, listen to the podcast on various platforms.
Idaho Strategic Resources, Inc. (NYSE American:IDR) will participate in the Idaho Mining, Critical Minerals, and Water Resources panel on April 19, 2022, during the symposium Challenges and Opportunities for Idaho Water Resources in Boise, Idaho. The Company emphasizes its We Live Here philosophy, promoting local resource stewardship. CEO John Swallow and VP Rob Morgan will share insights on critical minerals and local oversight. IDR operates in the Coeur d'Alene Mining District, focusing on gold production and rare earth elements, contributing to the U.S. domestic critical minerals sector.
Idaho Strategic Resources (IDR) announced high-grade gold intercepts from drill hole GC 22-212 in the Klondike Zone at the Golden Chest Mine. Key results include a sizable 9.2 m interval with an average of 8.77 g/t gold, particularly featuring 1.3 m at 37.35 g/t. The exploration supports a new zone of gold mineralization, potentially enhancing future production capabilities.
CEO John Swallow noted the significance of these results for further understanding the mine's geology. The company plans to optimize a mining strategy as it re-establishes utilities at the North Portal.
