Idaho Strategic Resources, Inc. IDR
Idaho Strategic Resources, Inc. ("the Company", "Idaho Strategic" or "IDR") was incorporated under the laws of the State of Idaho on July 18, 1996. The Company's head office and registered records office is located at 201 N. 3rd St. Coeur d'Alene, ID 83814. On December 6, 2021, the Company changed its name to Idaho Strategic Resources, Inc. (formerly New Jersey Mining Company ("NJMC")) to better reflect its corporate focus, Idaho-based operations and being domiciled in Idaho. IDR is one of the few resource-based companies (public or private) possessing the combination of officially recognized U.S. domestic rare earth element properties (in Idaho) and Idaho-based gold production located in an established mining community.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $42.4M | $25.8M | $13.7M | $9.6M | $7.6M | $5.7M | $5.7M | $3.6M | $4.3M | $544.8K |
| Cost of revenue | $16.2M | $12.8M | $9.7M | $8.0M | $7.1M | $5.6M | $5.4M | $4.4M | — | — |
| Gross profit | $26.2M | $13.0M | $4.0M | $1.6M | $487.9K | $67.5K | $738.5K | -$726.9K | $1.2M | $69.2K |
| SG&A | $1.1M | $763.0K | $630.1K | $1.2M | $1.3M | $397.3K | $454.0K | $392.7K | $256.4K | $219.4K |
| Total operating expenses | $10.6M | $4.5M | $3.0M | $4.1M | $3.5M | $1.1M | $1.4M | -$1.6M | $891.5K | $475.5K |
| Operating income | $15.6M | $8.4M | $1.0M | -$2.6M | -$3.1M | -$995.1K | -$686.0K | $824.4K | $297.5K | -$1.0M |
| Interest expense | $0 | $83.3K | $44.2K | $102.8K | $49.3K | — | $84.8K | $83.7K | $71.1K | $80.3K |
| Pre-tax income | $17.1M | $8.8M | $1.2M | -$2.6M | -$3.8K | -$739.9K | -$726.5K | $752.3K | -$22.1K | -$1.4M |
| Income tax | $426.1K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income | $16.7M | $8.8M | $1.2M | -$2.6M | -$3.3M | -$739.9K | -$726.5K | $752.3K | -$22.1K | -$1.4M |
| EPS, basic | 1.15 | 0.68 | 0.09 | — | — | — | — | — | — | — |
| EPS, diluted | 1.14 | 0.67 | 0.09 | — | — | — | — | 0.00 | 0.00 | 0.01 |
| Shares, diluted (wtd. avg.) | $14.7M | $13.2M | $12.3M | $11.8M | $10.2M | $9.2M | $123.7M | $122.3M | $107.9M | $95.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $9.9M | $1.1M | $2.3M | $1.6M | $2.0M | $2.5M | $217.8K | $248.8K | $124.6K | $154.8K |
| Inventory | $965.1K | $899.9K | $876.7K | $618.3K | $213.7K | $402.5K | $225.1K | $183.1K | $245.2K | $184.3K |
| Total current assets | $51.3M | $11.7M | $4.4M | $3.4M | $2.9M | $3.4M | $910.1K | $761.8K | $784.6K | $529.8K |
| Property, plant and equipment | $19.5M | $12.9M | $10.2M | $9.9M | $8.3M | $7.2M | $7.0M | $6.6M | $5.9M | $5.8M |
| Total assets | $116.2M | $44.0M | $23.9M | $21.0M | $17.9M | $14.7M | $10.9M | $10.6M | $9.4M | $8.9M |
| Accounts payable | $1.9M | $1.0M | $484.2K | $579.5K | $647.2K | $687.3K | $529.2K | $401.5K | — | — |
| Total current liabilities | $3.7M | $2.3M | $1.7M | $1.6M | $1.5M | $1.2M | $948.5K | $725.1K | $1.3M | $2.3M |
| Long-term debt | $2.3M | $1.7M | $2.3M | $2.2M | $961.7K | $709.1K | — | — | $272.8K | $891.3K |
| Total liabilities | $5.4M | $3.6M | $3.4M | $3.3M | $4.9M | $3.4M | $2.2M | $1.5M | $2.5M | $3.7M |
| Retained earnings | $8.3M | -$8.4M | -$17.2M | -$18.4M | -$15.8M | -$12.7M | -$12.0M | -$11.4M | -$12.3M | -$12.3M |
| Total equity | $108.2M | $37.7M | $20.5M | $17.7M | $13.1M | $11.3M | $8.7M | $9.1M | $3.7M | $5.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $19.1M | $10.8M | $2.1M | -$1.8M | -$1.4M | -$482.4K | $206.4K | -$1.4M | $337.6K | -$672.9K |
| Depreciation and amortisation | $2.1M | $1.8M | — | — | $814.4K | $575.7K | $580.0K | $367.9K | — | — |
| Stock-based compensation | $1.5M | $0 | $0 | $547.3K | $1.1M | $0 | $190.0K | $42.0K | $141.4K | $292.2K |
| Capital expenditure | $6.7M | $2.2M | $772.2K | $1.4M | $664.6K | — | — | $317.5K | $144.5K | $131.7K |
| Investing cash flow | -$61.5M | -$20.8M | -$2.1M | -$2.4M | -$3.1M | -$1.6M | $79.8K | $2.1M | -$176.8K | -$448.9K |
| Financing cash flow | $51.1M | $8.7M | $647.2K | $3.8M | $3.9M | $4.4M | -$317.2K | -$606.8K | -$191.0K | $1.2M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001654954-26-002560.
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