Idaho Strategic Q2 net loss widens to $852K; revenue up 8% to $2.36M, added thorium project

Idaho Strategic Resources, Inc.

Revenue $2.36M in Q2 2022, up 8% YoY; gross profit collapsed to $7.5K from $362K due to lower gold prices and costs.
Net loss of $852K vs $141K loss in Q2 2021; operating loss $847K vs $81K.
Added Lemhi Pass Project comprising largest US thorium concentration and 425-acre REE claims in Idaho.
Golden Chest mill processed 11,624 dmt at 4.58 g/t head grade with 90.1% gold recovery; underground ore mined 8,540 tonnes.
Exploration costs increased; drills active at Diamond Creek and Murray Gold Belt; crosscut hit vein at Klondike.

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