---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-22-011361"
form_type: "8-K"
ticker: "IDR"
cik: "0001030192"
company_name: "Idaho Strategic Resources, Inc."
filed_at: "2022-08-15T23:59:59+00:00"
generated_at: "2026-06-23T23:41:23.826576+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-22-011361
- form_type: 8-K
- ticker: IDR
- cik: 0001030192
- company_name: Idaho Strategic Resources, Inc.
- filed_at: 2022-08-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1030192/000165495422011361/0001654954-22-011361-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1030192/000165495422011361/njmc_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-22-011361
- JSON: https://secwatch.observer/filing/0001654954-22-011361.json
- Plain text: https://secwatch.observer/filing/0001654954-22-011361.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.