Idaho Strategic Resources, Inc.: management transactions · United States · SEC (Form 4)

About Idaho Strategic Resources, Inc.

Idaho Strategic Resources, Inc. (NYSE American: IDR) is a U.S.-based mining company headquartered in Coeur d’Alene, Idaho, United States. For international investors, it is best viewed as a small-cap resource company with an unusual growth model in precious metals: the company describes itself as a “production-backed exploration” business, meaning that operating cash flow from its gold mine helps fund exploration, resource expansion, and project development rather than relying solely on external dilution. The company says it has been focused on advancing gold production and mineral exploration since 1996, and it uplisted to the NYSE American in March 2022. ([idahostrategic.com](https://idahostrategic.com/)) The core of the business is the Golden Chest Mine, a high-grade underground gold mine in Idaho that has been in continuous production since 2016. Golden Chest generates the cash flow that supports drilling and infrastructure spending across the broader Murray Gold Belt land package, where IDR is advancing multiple targets. The company highlights the Niagara copper-silver project, the Little Baldy gold project, and the Mineral Ridge gold project as key components of this district-scale strategy. That mix gives IDR a rare profile: it is not just a single-asset gold producer, but a company trying to use production as a platform for exploration-led growth. ([idahostrategic.com](https://idahostrategic.com/)) Beyond gold, IDR has positioned itself around U.S. critical minerals. The company states that it controls the largest rare earth elements land package in the United States, with more than 20,000 acres of mineral claims in central Idaho and western Montana, and it also references the Lemhi Pass project as the largest domestic source of thorium resources in the United States. In practical terms, this gives the company exposure to rare earth elements and thorium exploration, which can matter for investors seeking strategic-mineral optionality alongside traditional precious-metals upside. ([idahostrategic.com](https://idahostrategic.com/)) From a competitive standpoint, Idaho Strategic Resources stands out because it combines current gold production, copper-silver exploration, and rare earth/thorium potential in one listed vehicle. That mix can be attractive in a market that often values either producing miners or pure explorers, but rarely both in the same company. The upside case is that production reduces financing pressure and gives management time to advance higher-risk exploration assets; the downside case is that the company remains exposed to commodity prices, mining costs, permitting, metallurgy, and drill-result risk. ([idahostrategic.com](https://idahostrategic.com/)) Recent news has reinforced the company’s operating momentum. In Q2 2025, IDR reported record quarterly revenue, higher gold production, and continued reinvestment into drilling and mine infrastructure, including work at the New Jersey Mill. The company also executed a long-term lease for roughly 1,500 acres tied to its rare earth projects, signed an MOU with Clean Core Thorium Energy, and announced inclusion in the Russell 3000 during the 2025 annual reconstitution. More recently, in 2026, IDR reported record 2025 operating and financial performance and announced a presentation at the 38th Annual ROTH Conference, which suggests improving capital-markets visibility. ([idahostrategic.com](https://idahostrategic.com/idaho-strategic-reports-record-second-quarter-operating-and-financial-performance/))