Idaho Strategic net income quadruples to $6.37 million in Q1 FY26; revenue doubled to $14.48 million

Idaho Strategic Resources Inc

Idaho Strategic Resources Inc

IDR

0.00

  • Idaho Strategic Resources reported first-quarter net income of USD 6.37 million, up from USD 1.59 million a year earlier, as revenue more than doubled to USD 14.48 million.
  • Operating income climbed to USD 7.58 million from USD 1.4 million, while gross profit margin widened 15.3 percentage points to 66.1%.
  • Cash and cash equivalents rose to USD 20.79 million at March 31, 2026, from USD 9.89 million at start of quarter, with operating cash flow increasing to USD 8.79 million from USD 2.41 million.
  • Golden Chest produced 3,234 ounces, with 11,290 tonnes mined and 11,290 dry metric tonnes processed at New Jersey Mill at 92.1% gold recovery; 8,700 meters of drilling was completed at Golden Chest.
  • For 2026 REE work, exploration plans were finalized with efforts focused on high-grade prospects at Mineral Hill and Lemhi Pass, supported by a retained REE exploration geologist.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Idaho Strategic Resources Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001654954-26-004833), on May 14, 2026, and is solely responsible for the information contained therein.