I
Idaho Strategic Resources, Inc.
Period
FY 2025
Revenue
$42.41M
Net Income
$16.72M
Total Assets
$116.24M
Equity
$108.17M
Shares Out
15.81M
Op. Cash Flow
$19.10M
Business
Idaho Strategic Resources, Inc. is a precious metals and critical minerals company that produces gold at its wholly-owned Golden Chest Mine in Idaho's Murray Gold Belt and operates milling services at its majority-owned New Jersey Mill. The company extracts and processes gold and silver ore through underground mining and flotation operations, selling gold concentrate primarily to H&H Metals Corporation. Idaho Strategic also holds one of the largest rare earth element landholdings in the U.S., with exploration properties across Idaho focused on gold, copper-silver, and rare earth elements recognized in national critical minerals inventories.
Summary from 10-K filed 2026-03-23
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue-gold sales | 42 | 26 | 14 | 10 | 8 | |
| Cost of sales and other direct production costs | 14 | 11 | 8 | 7 | 6 | |
| Depreciation and amortization | 2 | 2 | 1 | 984,083 | — | |
| Total cost of sales | 16 | 13 | 10 | 8 | 7 | |
| Gross profit | 26 | 13 | 4 | 2 | 487,877 | |
| Exploration | 8 | 3 | 2 | 2 | 1 | |
| Loss on disposal of equipment | 343,945 | 1,431 | −13,026 | 68,641 | 0 | |
| Management | 945,579 | 407,715 | 255,579 | 322,775 | 518,011 | |
| Professional services | 585,145 | 432,237 | 556,766 | 375,002 | 293,402 | |
| General and administrative | 1 | 763,040 | 630,126 | 1 | 1 | |
| Total other operating expenses | 11 | 5 | 3 | 4 | 4 | |
| Income from operations | 16 | 8 | 1 | −3 | −3 | |
| Equity income on investment in Buckskin Gold and Silver, Inc. | −3,646 | −2,667 | −4,517 | −1,524 | — | |
| (Gain) loss on investment in equity securities and mutual funds | −110,092 | 453 | — | — | — | |
| Timber revenue | −9,679 | −19,406 | −20,724 | — | — | |
| Dividend income | −50,881 | 0 | — | — | — | |
| Interest income | −1 | −389,517 | — | — | 146 | |
| Interest expense | 0 | 83,295 | 44,202 | 102,832 | — | |
| Total other (income) expense | −1 | −327,842 | −61,079 | 78,855 | 200,075 | |
| Income before income taxes | 17 | 9 | — | — | — | |
| Income tax provision | 426,146 | 0 | — | — | — | |
| Net income | 17 | 9 | 1 | −3 | — | |
| Net loss attributable to non-controlling interest | −84,476 | −83,308 | −84,297 | −95,663 | −100,192 | |
| Net income attributable to Idaho Strategic Resources, Inc. | 17 | 9 | 1 | −3 | −3 | |
| Net income per common share-basic | 1.15 | 0.68 | 0.09 | — | — | |
| Weighted average common shares outstanding-basic | 14 | 13 | 12 | 12 | 10 | |
| Net income per common share-diluted | 1.14 | 0.67 | 0.09 | — | — | |
| Weighted average common shares outstanding-diluted | 15 | 13 | 12 | 12 | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 10 | 1 | 2 | 2 | — | |
| Investment in US treasury notes | 28 | 8 | 0 | — | — | |
| Investment in equity securities | 4 | 0 | 5,649 | 0 | 435,000 | |
| Investment in mutual funds | 4 | 0 | — | — | — | |
| Gold sales receivable | 4 | 2 | 1 | 909,997 | 408,187 | |
| Inventories | 965,112 | 899,924 | 876,681 | 618,313 | 213,722 | |
| Joint venture receivable | 12,760 | 2,892 | 2,080 | — | — | |
| Other current assets | 799,261 | 378,469 | 236,837 | 192,025 | 334,443 | |
| Total current assets | 51 | 12 | 4 | 3 | 3 | |
| Property, plant and equipment, net of accumulated depreciation | 20 | 13 | 10 | 10 | 8 | |
| Mineral properties, net of accumulated amortization | 16 | 11 | 8 | 7 | 6 | |
| Investment in Buckskin Gold and Silver, Inc. | 345,082 | 341,436 | — | — | — | |
| Investment in joint venture | 435,000 | 435,000 | — | — | — | |
| Investment in US treasury notes, non-current | 28 | 7 | 0 | — | — | |
| Reclamation bonds | 355,220 | 249,110 | 251,310 | — | — | |
| Deposits | 858,534 | 567,667 | 285,079 | — | — | |
| Total assets | 116 | 44 | 24 | 21 | 18 | |
| Accounts payable and accrued expenses | 2 | 1 | 484,221 | 579,541 | 647,218 | |
| Accrued payroll and related payroll expenses | 409,212 | 564,090 | 266,670 | 179,149 | 174,110 | |
| Notes payable, current portion | 1 | 709,381 | 978,246 | 859,393 | 666,622 | |
| Income taxes payable | 334,446 | 0 | — | — | — | |
| Total current liabilities | 4 | 2 | 2 | 2 | 1 | |
| Asset retirement obligations | 325,451 | 305,409 | 286,648 | 262,217 | 172,348 | |
| Notes payable, long term | 1 | 1 | 1 | 1 | 1 | |
| Deferred income tax liability | 91,700 | 0 | — | — | — | |
| Total long term liabilities | 2 | 1 | 2 | 2 | 3 | |
| Total liabilities | 5 | 4 | 3 | 3 | 5 | |
| Commitments and Contingencies (Note 5 and 12) | 0 | 0 | 0 | 0 | 0 | |
| Preferred stock, no par value, 1,000,000 shares authorized; no shares issued or outstanding | 0 | 0 | 0 | 0 | 0 | |
| Common stock, no par value, 200,000,000 shares authorized; 15,705,199 and 13,665,058 shares issued and outstanding, respectively | 100 | 46 | 35 | 33 | 26 | |
| Retained earnings (accumulated deficit) | 8 | −8 | −17 | −18 | −16 | |
| Total Idaho Strategic Resources, Inc. stockholders' equity | 108 | 38 | 18 | 15 | 10 | |
| Non-controlling interest | 3 | 3 | 3 | 3 | 3 | |
| Total stockholders' equity | 111 | 40 | 21 | 18 | 13 | |
| Total liabilities and stockholders' equity | 116 | 44 | 24 | 21 | 18 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Accretion of asset retirement obligation | 20,042 | 18,761 | 15,952 | — | — | |
| Unrealized (gain) on investment in equity securities and mutual funds | −110,092 | 0 | — | — | — | |
| Loss on investment in equity securities | 0 | 453 | 5,451 | — | — | |
| Write down of reclamation bond | 0 | 300 | 0 | — | — | |
| Stock-based compensation | 2 | 0 | 0 | 547,275 | 1 | |
| Amortization of discount on US treasury notes | 37,197 | 2,080 | — | — | — | |
| Deferred tax expense | 91,700 | 0 | — | — | — | |
| Gold sales receivable | −2 | −539,827 | −128,870 | −501,810 | −143,408 | |
| Inventories | −65,188 | −23,243 | −258,368 | −404,591 | 188,815 | |
| Joint venture receivable | −9,868 | −812 | −154 | — | — | |
| Other current assets | −420,792 | −141,632 | −44,812 | 142,418 | −110,380 | |
| Accounts payable and accrued expenses | 898,511 | 521,857 | −95,320 | −63,062 | −33,894 | |
| Accrued payroll and related payroll expenses | −154,878 | 297,420 | 87,521 | 5,039 | 30,625 | |
| Income taxes payable | 334,446 | 0 | — | — | — | |
| Net cash provided by operating activities | 19 | 11 | 2 | −2 | −1 | |
| Purchases of property, plant, and equipment | −7 | −2 | −772,245 | −1 | −664,645 | |
| Proceeds from sale of equipment | 66,155 | 6,372 | 8,500 | 0 | — | |
| Deposits on equipment | −945,786 | −1 | — | — | — | |
| Additions to mineral properties | −5 | −2 | −1 | −626,541 | −2 | |
| Purchase of mineral property | −300,000 | 0 | — | — | — | |
| Purchase of reclamation bonds | −106,110 | −5,000 | 0 | −223,700 | 0 | |
| Refund of reclamation bonds | 0 | 6,900 | 75,710 | — | — | |
| Purchase of US treasury notes | −52 | −17 | 0 | — | — | |
| Maturity of US treasury notes | 11 | 2 | — | — | — | |
| Proceeds from sale of investment in equity securities | 0 | 5,196 | 0 | — | — | |
| Purchase of equity securities | −4 | 0 | −11,100 | — | — | |
| Purchase of mutual funds | −4 | 0 | — | — | — | |
| Net cash used by investing activities | −61 | −21 | −2 | −2 | −3 | |
| Proceeds from sale of common stock, net of issuance costs | 52 | 9 | 2 | 4 | 3 | |
| Proceeds from issuance of common stock for warrants exercised | 0 | 2 | 0 | 1 | 117,500 | |
| Proceeds from issuance of common stock for stock options exercised | 236,310 | 280,011 | 0 | — | 0 | |
| Principal payments on notes payable | −1 | −2 | −1 | −862,503 | −572,558 | |
| Contributions from non-controlling interest | 28,733 | 28,760 | 30,962 | — | — | |
| Net cash provided by financing activities | 51 | 9 | 647,194 | 4 | 4 | |
| Net change in cash and cash equivalents | 9 | −1 | 648,968 | −338,487 | −563,427 | |
| Deposit on equipment applied to purchase | 654,919 | 895,597 | 76,110 | — | — | |
| Notes payable for equipment | 3 | 1 | 1 | 1 | 1 | |
| Note payable for mineral property | 0 | 650,000 | — | — | — | |
| Note payable assumed by 3rd party | 792,779 | 0 | — | — | — | |
| Principal payments on notes payable paid by 3rd party | 71,373 | 0 | — | — | — |
Filings
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Frequently asked questions
What is Idaho Strategic Resources, Inc.'s CIK number?
Idaho Strategic Resources, Inc.'s SEC CIK number is 0001030192 (1030192). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Idaho Strategic Resources, Inc.'s SEC filings?
All of Idaho Strategic Resources, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.