secwatch.observer — SEC 8-K summary
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Issuer:     Idaho Strategic Resources, Inc. (IDR)
CIK:        0001030192
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001654954-24-001597
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 1.02, 2.01, 2.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Idaho Strategic purchases Butte Gulch claims for $1M; terminates 2% NSR; plans paste backfill
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- Purchased 169-acre Butte Gulch property adjacent to Golden Chest for $1M: $350K down, $650K note at 5% over 3 years.
- Terminated 2% NSR royalty on Butte Gulch subsurface minerals previously held by Bell Run.
- Plans to install paste backfill system at Golden Chest; expects savings of ~$20/tonne or $500k-$800k annually.
- Butte Gulch acquisition consolidates surface and mineral rights; provides site for future mill expansion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1030192/000165495424001597/0001654954-24-001597-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1030192/000165495424001597/njmc_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-001597

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