IDAHO STRATEGIC RESOURCES Aktie

Idaho Strategic Resources said a DOE project proposal was selected for funding to advance exploration and extraction of rare earth elements. The company reported record first-quarter results with EPS of $0.40 versus $0.12 a year earlier and revenue rising to $14.48 million from $7.28 million. Ounces produced increased 11.5% year-over-year, and management cited expanded drilling, new permits and acquisitions that add copper and silver exposure and long-term exploration targets. » Więcej na finance.yahoo.com

Idaho Strategic Resources has entered a long-term lease for the Niagara copper-silver project in Shoshone County, about 7 km from the Golden Chest Mine. The deposit contains a historical estimate (2008) of 150 million pounds of copper and 8 million ounces of silver as inferred resources; this estimate has not been assessed under current S-K 1300 standards. The agreement covers nine unpatented claims with an initial term of 10 years, annual payments starting at $18,000 (plus a 3% annual escalation) and a 2% net smelter royalty, of which 1% can be repurchased for $1 million. Idaho plans a 2026 drill program to validate the historical resources and highlights a strong balance sheet and adjoining claims. » Więcej na de.investing.com

Idaho Strategic Resources has revised the sales agreement with Roth Capital Partners and reduced the cash fee for distribution services from 3% to 2.5%. The agreement permits the sale of common shares with an aggregate value of up to USD 20 million through an at-the-market offering on the NYSE American, with the company not obligated to sell and retaining control over timing, price and size. The company reports strong liquidity (current ratio 5.11) and revenue growth of almost 60% in the last year. An analysis currently indicates an overvaluation relative to fair value. » Więcej na de.investing.com