---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-22-015360"
form_type: "8-K"
ticker: "IDR"
cik: "0001030192"
company_name: "Idaho Strategic Resources, Inc."
filed_at: "2022-11-15T23:59:59+00:00"
generated_at: "2026-06-21T18:00:38.916207+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Idaho Strategic Resources reports Q3 net loss $1.9M; revenue down 17% YoY; guides Q4 rev $2.5-2.7M

## Summary
- Q3 revenue $1.745M vs $2.099M YoY; gross loss $228,760; net loss $1.909M vs $238K loss prior year.
- Processed 10,024 dmt at 4.59 gpt head grade, 89.8% recovery; 354 more oz YTD than 2021.
- Q4 revenue guidance $2.5-2.7M; management expects improvement after cost structure adjustments.
- Initiated first REE drill program at Diamond Creek; Murray Gold Belt drilling discovered new gold zone (AG22-2: 0.566 g/t over 24m).
- Tailings facility expansion completed, providing ~4 yrs capacity; paste backfill could extend to 7 yrs.

## SEC filing metadata
- accession: 0001654954-22-015360
- form_type: 8-K
- ticker: IDR
- cik: 0001030192
- company_name: Idaho Strategic Resources, Inc.
- filed_at: 2022-11-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1030192/000165495422015360/0001654954-22-015360-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1030192/000165495422015360/njmc_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-22-015360
- JSON: https://secwatch.observer/filing/0001654954-22-015360.json
- Plain text: https://secwatch.observer/filing/0001654954-22-015360.txt

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