secwatch.observer — SEC 8-K summary
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Issuer:     Idaho Strategic Resources, Inc. (IDR)
CIK:        0001030192
Form:       8-K
Filed at:   2022-08-15T23:59:59+00:00
Accession:  0001654954-22-011361
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1030192/000165495422011361/0001654954-22-011361-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1030192/000165495422011361/njmc_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-011361

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer