---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-010837"
form_type: "8-K"
ticker: "IDR"
cik: "0001030192"
company_name: "Idaho Strategic Resources, Inc."
filed_at: "2023-08-15T23:59:59+00:00"
generated_at: "2026-06-11T09:08:09.140202+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Idaho Strategic Q2 2023: 3rd straight quarter of net income; revenue $3.2M, up 37% YoY

## Summary
- Revenue $3,236,515 for Q2 2023, up 37.2% from $2,358,492 in Q2 2022.
- Net income $295,822 in Q2 2023, vs. net loss of $852,249 in Q2 2022.
- Gross profit margin improved to 24.5% from 0.3% in Q2 2022; operating income $289,987.
- H-Vein mining drove head grade up 30% over Q1; 11,708 dmt milled at 7.31 gpt gold and 92.6% recovery.
- Rare earth project expanded: Mineral Hill REE project formed; sample returned 23.5% TREE.

## SEC filing metadata
- accession: 0001654954-23-010837
- form_type: 8-K
- ticker: IDR
- cik: 0001030192
- company_name: Idaho Strategic Resources, Inc.
- filed_at: 2023-08-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1030192/000165495423010837/0001654954-23-010837-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1030192/000165495423010837/njmc_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-010837
- JSON: https://secwatch.observer/filing/0001654954-23-010837.json
- Plain text: https://secwatch.observer/filing/0001654954-23-010837.txt

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