Idaho Strategic Resources, Inc.

Notable vs. Peers

• Financials score of 8.1/10 is stronger than the peer average of 6.4/10.

Lifecycle Milestones

1. Permit granted

   Jun 2016 · New Jersey Mining Company (now Idaho Strategic Resources) received the permits necessary to proceed with small-scale open-pit mining operations at the Golden Chest Mine, following its 2016 consolidation of full ownership (buying out JV partner Marathon Gold). · Source
2. Construction decision (FID)

   Aug 2016 · New Jersey Mining Company's (now Idaho Strategic Resources) own press release, filed same-day as SEC 8-K Exhibit 99.1 (accession 0001052918-16-001185, fetched and read directly from sec.gov -- not a secondary source), announces it 'has closed a private financing and will use the funds to resume underground production at its Golden Chest Mine.' NJMC closed a private placement through GVC Capital LLC (accredited investors forward-purchased 904 oz of .999 gold at $935/oz) plus a prior 500 oz subscription by company management via Ophir Holdings LLC -- together 1,404 oz forward-sold for total proceeds of $1,312,740, gold deliveries starting December 1, 2016. This financing close and its accompanying public announcement is the real, dated 'decision to proceed' event enabling Golden Chest's resumption -- falling after the June 21, 2016 permit grant already on file and before the August/October 2016 open-pit start and mill restart (this miner's existing CONSTRUCTION_START/FIRST_PRODUCTION rows, both undated), consistent with the existing sequence. · Source
3. Construction start

   Reached — date not disclosed · Open-pit mining operations at Golden Chest proceeded following the June 21, 2016 permit grant, under New Jersey Mining Company's (now Idaho Strategic Resources) own ownership and operation -- distinct from the 2013-2014 Juniper Resources lease of the separate Skookum Shoot portion, a third-party lessee's own production rather than the company's. No single dated 'construction/mining start' release found; recorded reached-but-undated, mid/late 2016. · Source
4. First pour / production

   Reached — date not disclosed · Gold production resumed at the Golden Chest Mine and the New Jersey Mill in OCTOBER 2016 under New Jersey Mining Company (renamed Idaho Strategic Resources in 2021): open-pit mining on the Idaho Vein (Idaho Pit) began in August 2016 alongside dewatering of the underground workings, the New Jersey Mill was restarted in late September 2016, and gold production followed in October 2016. This follows the 2016-06-21 permit grant already on file (PERMIT_GRANTED row) and the company's 2016 consolidation of full ownership after buying out JV partner Marathon Gold. The company's own materials confirm the Golden Chest 'has been in continuous production since 2016' and describe it as Idaho's largest hard-rock gold producer; it remains the company's sole producing asset (FY: ~40,000 tonnes of ore annually to the New Jersey Mill in Kellogg, Idaho). Deliberately NOT dated to the mine's 1800s-era historic production, nor to the 2013-2014 Juniper Resources lease of the separate Skookum Shoot portion, which was a third-party lessee's production rather than this company's own -- consistent with the reasoning already recorded on this miner's CONSTRUCTION_START row. achievedDate left null: October 2016 is month-level and no source gives the specific day production resumed. Task #610 (2026-08-25): row was missing entirely; stage=PRODUCTION was already correct. · Source
5. Commercial production

   Reached — date not disclosed · Genuinely reached with a clean single-asset story, but no source found gives a specific month or day for when commercial production was first declared: Idaho Strategic Resources' Golden Chest mine (Murray Gold Belt, Idaho, 100%-owned) has been in continuous production since 2016 and remains the company's sole current producing asset. Rather than guess a date, achievedDate is left null. This row was missing entirely prior to 2026-08-21 -- a genuine data gap, not a stage error; Miner.stage was already correctly PRODUCTION. · Source

Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.

A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.