Idaho Strategic Reports Record Second Quarter Operating and Financial Performance

About this update from Idaho Strategic Resources, Inc.

COEUR D'ALENE - Idaho Strategic Resources, Inc. (NYSE American: IDR) ('IDR', 'Idaho Strategic' or the 'Company') announced its consolidated operating and financial results for the second quarter ending June 30, 2025 . The Company continues to reinvest a significant amount of cash flow back into the business via drilling and other exploration programs across nearly its entire project portfolio and planned construction activities at the Golden Chest mine. Operating and financial results for the second quarter include: Idaho Strategic's President and CEO, John Swallow stated, 'At IDR, record quarterly revenue and cash flow brings with it record activity and record investment back into the production side of the business and in gold and rare earth elements exploration. There shouldn't be any theorists left surmising what it will be like at $2k or $3k gold - we are now living the times for which we have all been training. And for the ' China dumping commodities' handwringers, the MP/DoD REE announcement of early July was a welcome long-trend reversal and, in my opinion, marked the birth of a new domestic industry and approach in the US. The results listed above are impressive by any measure, and the rare earth side of our business advanced nicely during the quarter, from a macro level as well as from boots on the ground. Adding a supportive domestic demand profile to an industry with only a few established players and where a lot of energy has been expended by outsiders over the last five years looking for new deposits (with little success), is also good for our company and our shareholders. Our balance sheet is strong and this years' re-investment back into the asset base is on track. I am looking forward to the next quarter and a strong finish to 2025.' Golden Chest Highlights for Q2 2025 Include: In the second quarter of 2025 ore tonnes processed at the New Jersey Mill increased by approximately 10.58% to 10,240 dry metric tonnes resulting in gold production of 3,010 ounces at an average flotation feed grade of 9.97 grams per tonne ('gpt'). All-in sustaining cost ('AISC') per ounce of gold in the second quarter of 2025 was $1,980.41 , which is an increase of approximately 42.75% over the second quarter of 2024. Cash costs per ounce was $1,064.68 in 2025, compared to $904.67 in 2024. The increase in AISC is largely a result of 5,819 meters of drilling completed during the second quarter of 2025 in alignment with the Company's production-backed exploration business plan. Adjusted AISC per ounce without exploration expenses were $1,313.31 in the second quarter of 2025 and $1,197.99 in the second quarter of 2024. During the second quarter, Idaho Strategic completed 5,819 meters of drilling in total. This included 2,176 meters completed at the Golden Chest targeting the Paymaster, Red Star , and the H-Vein; 1,687 meters of drilling at two prospects in the Murray Gold Belt, Buckskin and King Mine and 1,956 meters of drilling at Eastern Star - the Company's first ever drill program on the project. Results from drilling at the Golden Chest were released during the second quarter of 2025. Drilling highlights from 3 different areas of the mine were announced in a press release titled Idaho Strategic Announces Multiple High-Grade Drill Results from Three Different Target Areas at the Golden Chest Mine . Significant progress was made at the New Jersey Mill with the completion of the new tailings filtration circuit, which was 80% complete at the end of the first quarter. Commissioning of the tailings filtration circuit was also completed during the second quarter and haulage of tailings back to the Golden Chest mine has commenced as well. Rare Earth Highlights for Q2 2025 Include IDR executed a long-term lease agreement for the mineral claims comprising approximately 1,500 acres of various in-holdings within the Company's Mineral Hill and Lemhi Pass rare earth elements projects. The leased land included the mineral claims covering the Cardinal prospect at the Company's Mineral Hill project, which recently returned greater than 17% total rare earth oxides in a sample taken from a carbonatite outcrop. The Company announced the signing of a Memorandum of Understanding with Clean Core Thorium Energy, Inc. in a press release titled Idaho Strategic and CCTE Team Up to Build America's Thorium Future. Corporate Highlights for Q2 2025 Include IDR announced its inclusion in the Russell 3000 index via a press release titled Idaho Strategic Set to Join the Russell 3000 Index During 2025 Annual Reconstitution. Notes accompanying the financial statements below can be found in the Company's quarterly report filed this morning with the SEC on EDGAR. 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 production and significant blue-sky potential for rare earth elements exploration and development in one Company. Contact: Travis Swallow Email: [email protected] Tel: (208) 625-9001 Web: www.idahostrategic.com (C) 2025 Electronic News Publishing, source ENP Newswire

View stock analysis, news, and events for Idaho Strategic Resources, Inc.