Business
Idaho Strategic Resources Set to Join the Russell 3000 Index During 2025 Annual Reconstitution
COEUR D'ALENE, IDAHO / ACCESS Newswire / June 17, 2025 / Idaho Strategic Resources (NYSE American:IDR) ("IDR" or the "Company") is pleased to announce its inclu
About this update from Idaho Strategic Resources, Inc.
[{"type":"text","content":" COEUR D'ALENE, IDAHO / ACCESS Newswire / June 17, 2025 / Idaho Strategic Resources (NYSE American:IDR) (\"IDR\" or the \"Company\") is pleased to announce its inclusion in the preliminary list of additions to the broad-market Russell 3000® Index. IDR's inclusion is expected to become effective after the U.S. market closes on June 27, 2025, as part of the 2025 Russell US Indexes annual reconstitution. The Russell 3000® Index captures the 3,000 largest U.S. companies by market capitalization. Membership in the Russell 3000® Index, which remains in place for one year, ensures automatic inclusion in either the large-cap Russell 1000® Index or the small-cap Russell 2000® Index, as well as the appropriate growth and value style indexes. FTSE Russell determines membership based on objective market-capitalization rankings and style attributes. \"We are proud to be included in the Russell 3000® Index, a significant milestone that reflects our team's hard work and dedication to creating value through responsible gold production and strategic advancement of domestic critical minerals,\" said John Swallow, President and CEO of Idaho Strategic Resources. \"This inclusion enhances our visibility among institutional investors and validates our production-backed exploration (and development) strategy as we continue to advance our operations at the Golden Chest Mine and within the broader Murray Gold Belt and advance our high-potential critical minerals projects in Idaho.\" The Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell's US indexes as of June 2024. Idaho Strategic's inclusion in the Russell 3000® Index is expected to broaden its investor base and increase market awareness of its unique position as a growing domestic gold producer with critical minerals exploration. About Idaho Strategic Resources, Inc. Idaho Strategic Resources (IDR) is an Idaho-based gold producer which also owns the largest rare earth elements land package in the United States. The Company's business plan was established in anticipation of today's volatile geopolitical and macroeconomic environment. IDR finds itself in a unique position as the only publicly traded company with growing gold productio...