Domiciled in Idaho and headquartered in the Panhandle of northern Idaho, Idaho Strategic Resources (IDR) is one of the few resource-based companies (public or private) possessing the combination of officially recognized U.S. domestic rare earth elements properties (in Idaho), the largest known concentration of thorium resources in the U.S., and Idaho-based gold production located in an established mining community.
Company profile
Ticker
IDR
Exchange
Website
CEO
John A. Swallow
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
NEW JERSEY MINING CO
SEC CIK
Corporate docs
IRS number
820490295
IDR stock data
Latest filings (excl ownership)
EFFECT
Notice of effectiveness
28 Nov 23
S-3
Shelf registration
13 Nov 23
8-K
Idaho Strategic Provides Third Quarter 2023 Operating and Financial Results – Achieves 89.15% Increase in Revenue
6 Nov 23
10-Q
2023 Q3
Quarterly report
6 Nov 23
8-K
Other Events
13 Oct 23
8-K
Idaho Strategic Provides Second Quarter 2023 Operating and Financial Results
15 Aug 23
10-Q
2023 Q2
Quarterly report
14 Aug 23
8-K
Idaho Strategic Announces the Addition of Carolyn Turner to the Company’s Board of Directors
9 Aug 23
8-K
Submission of Matters to a Vote of Security Holders
13 Jun 23
DEFA14A
Additional proxy soliciting materials
25 May 23
Latest ownership filings
3
Carolyn S Turner
14 Aug 23
4
Richard Scott Beaven
26 Apr 23
4
John Swallow
20 Apr 23
4
Richard Scott Beaven
27 Feb 23
4
John Swallow
8 Feb 23
SC 13G/A
Intelligent Fanatics Capital Management LLC
6 Jan 23
4
Richard Scott Beaven
30 Sep 22
4
Kevin G Shiell
30 Sep 22
4
Monique D Hayes
7 Sep 22
4
GRANT A BRACKEBUSCH
7 Sep 22
Financial summary
| Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 1.97 mm | 1.97 mm | 1.97 mm | 1.97 mm | 1.97 mm | 1.97 mm |
| Cash burn (monthly) | 86.06 k | 23.65 k | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 199.63 k | 54.87 k | n/a | n/a | n/a | n/a |
| Cash remaining | 1.77 mm | 1.92 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 20.6 | 81.0 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2023
12.2% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 20 |
| Opened positions | 3 |
| Closed positions | 0 |
| Increased positions | 5 |
| Reduced positions | 4 |
| 13F shares | Current |
|---|---|
| Total value | 5.46 bn |
| Total shares | 1.50 mm |
| Total puts | 100.00 |
| Total calls | 163.10 k |
| Total put/call ratio | 0.0 |
| Largest owners | Shares | Value |
|---|---|---|
| Intelligent Fanatics Capital Management | 462.64 k | $0.00 |
| Vanguard | 450.00 k | $2.40 bn |
| JW Asset Management | 271.70 k | $1.45 bn |
| BLK Blackrock | 145.38 k | $776.32 mm |
| Geode Capital Management | 81.58 k | $435.64 mm |
| Susquehanna International | 14.72 k | $78.63 mm |
| Financial Advocates Investment Management | 13.78 k | $73.56 mm |
| Advisor | 13.26 k | $70.78 mm |
| Citadel Advisors | 10.69 k | $57.11 mm |
| Renaissance Technologies | 10.60 k | $57.00 k |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 25 Apr 23 | Richard Scott Beaven | Common Stock | Buy | Acquire P | No | No | 6.08 | 2,000 | 12.16 k | 4,000 |
| 18 Apr 23 | Swallow John | Common Stock | Buy | Acquire P | No | No | 5.3 | 6,000 | 31.80 k | 1,344,233 |
| 24 Feb 23 | Richard Scott Beaven | Common Stock | Buy | Acquire P | No | No | 5.5 | 2,000 | 11.00 k | 2,000 |
| 7 Feb 22 | Swallow John | Common Stock | Buy | Acquire P | No | No | 5.7 | 35,088 | 200.00 k | 1,338,233 |
Press releases
Idaho Strategic's Lemhi Trenching Returns Up to 5% Total Rare Earths - Including Magnet REE Concentrations in Excess of 70%
15 Nov 23
Idaho Strategic Provides Third Quarter 2023 Operating and Financial Results - Achieves 89.15% Increase in Revenue
6 Nov 23
Idaho Strategic Extends Strike Length of High-Grade Mineralization at its Mineral Hill Rare Earth Elements Project - Provides Broader REE Update
18 Oct 23
Idaho Strategic Provides Production-Based Drill Update at the Golden Chest Gold Mine – Initial Results Indicate 18.7 Grams Per Tonne Gold Over 2.24 Meters True Thickness
3 Oct 23