Idaho Strategic Resources(NYSEMKT) IDR

Idaho Strategic Resources, Inc. mines gold and minerals in Idaho. These materials power robots, clean energy, and national defense. The company sells gold to fund its growth and exploration.

Gold and Rare Earths

• Gold Production: Underground mining at the Golden Chest Mine produces gold sold at market prices.
• Milling Operations: Processing ore at the New Jersey Mill to separate gold from rock; 11,094 dry metric tonnes were processed in the three-month period ended June 30, 2026.
• Rare Earth Exploration: Searching for minerals used in robotics, low-carbon tech, and national defense.

Building and Expanding

• Established the No. 2 portal at the Golden Chest Mine in early May 2026 to access high-grade veins.
• Began building a new tailings storage facility and a new mill at the Golden Chest site during 2026.
• Joined the inaugural list of companies for the Sprott Rare Earths Ex-China ETF in the second quarter of 2026.
• Completed 10,000 meters of core drilling at the Golden Chest to target the Paymaster and H-vein areas.

Domestic Mining Expertise

Idaho Strategic manages mining, milling, and exploration using its own internal technical teams. It partners with government agencies and labs to strengthen the domestic supply of critical minerals.

Success by the Numbers

• Revenue grew 50.5% for the six-month period ended June 30, 2026, compared to the prior year.
• Net income rose 130.8% to $10 million for the six-month period ended June 30, 2026.
• Operating income increased 187% to $11.2 million for the six-month period ended June 30, 2026.
• Average realized gold prices reached $4,558.78 per ounce in the six-month period ended June 30, 2026.
• Non-GAAP all-in sustaining costs were $2,261.81 per ounce for the three-month period ended June 30, 2026.

Bottom Line

Idaho Strategic has transitioned from exploration to profitable gold production while expanding into the critical minerals sector. Its focus on internal operations and infrastructure growth supports its push into the domestic rare earth supply chain.