secwatch.observer — SEC 8-K summary
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Issuer:     Idaho Strategic Resources, Inc. (IDR)
CIK:        0001030192
Form:       8-K
Filed at:   2023-08-15T23:59:59+00:00
Accession:  0001654954-23-010837
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1030192/000165495423010837/0001654954-23-010837-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1030192/000165495423010837/njmc_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-010837

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