Each one in plain English, with the numbers worked through for a shareholder.
8 June 2026auditor change● Neutral
Auditor Assure CPA merged into Sadler, Gibb & Associates and ceased operating as an independent firm, prompting its resignation; the company engaged Sadler, Gibb & Associates as its new auditor with no disagreements or red flags in the handover.
13 Feb 2024asset acquisition disposition▲ GoodMajor
Bought out Bell Run Properties' surface and mineral rights on seven patented claims adjoining Golden Chest ('Butte Gulch') for $1 million, financed partly by a seller note, while simultaneously extinguishing a 2% royalty and right-of-refusal a predecessor owner had held over the ground since 2018 - achieving full, unencumbered ownership as it continues consolidating the Murray Gold Belt.
Amended the warrants from its October and November 2021 private placements to reflect the company's 14-for-1 reverse stock split and extended their expiration by a year, to October 2024.
Withdrew its unsolicited proposal to acquire critical-minerals company Westwater Resources for $1.36/share (a 73% premium) after Westwater's board refused to engage, ending Idaho Strategic's attempt to expand into rare-earth elements via acquisition.
Set up an at-the-market equity sales facility with Roth Capital Partners to sell up to $10 million of stock over time as needed. Now trading as Idaho Strategic Resources on NYSE American under ticker IDR, reflecting the company's rebrand and uplisting from the OTC market since its Golden Chest turnaround.
15 Feb 2022capital raising announcement▲ GoodMajor
Raised $2.7 million (at $7.50/share) to roughly double the Diamond Creek rare-earth drill program and fund underground development of the Klondike area at Golden Chest, which management expects could double the mine's production.
18 Oct 2021capital raising announcement▲ GoodMajor
Raised $1.98 million to fund a 10-hole drill program at the Diamond Creek rare-earth-element property and equipment upgrades at Golden Chest - the earliest cached mention of the company's rare-earth-element exploration effort.
Bought 508 acres of patented claims (McComber Gulch, aka "Ward Land West") in Shoshone County for $1.699 million, funded by $1.75 million in new 8%-interest convertible notes from eleven investors maturing in three years - continuing the same land-plus-debt pattern as the 2020 Ward Land purchase.
Raised $2.72 million from 19 investors at $0.28/unit, earmarked to accelerate drilling and underground development aimed at growing Golden Chest production over the next 12-18 months - a step up in scale from prior raises.
Bought 368 acres of patented claims near Murray, Idaho ('Ward Land') for $750,000, funded partly with $885,000 raised from nine investors through convertible notes paying 8% interest and convertible into stock at $0.18/share, continuing the buildout of its land position in the Murray Gold Belt around Golden Chest.
24 May 2018asset acquisition disposition▲ GoodMajor
Sold the Toboggan Project land it had regained for free after Newmont's 2011 exit to Hecla Mining's Silver Valley unit for $3 million, keeping a 2% smelter-return royalty. Hecla also invested $500,000 directly in the company's stock, closing the loop on a district Newmont had walked away from years earlier.
Hecla Silver Valley invested $500,000 directly in the company's stock (3.85 million shares plus warrants) on the same terms as the recent private placement - the same Hecla unit that would buy the Toboggan Project a month later.
7 Mar 2018asset acquisition disposition▲ GoodMajor
Agreed to buy Four Square LLC's mining claims near Murray, Idaho (334 patented acres plus a 348-acre leasehold) for $800,000 in staged stock-and-cash payments through 2020, continuing the Murray Gold Belt land consolidation around Golden Chest. Four Square keeps a 2% smelter-returns royalty, half of which the company can buy back for $1 million.
Raised $250,000 in a private placement at $0.24/unit, mainly from H&H Metals Corp, plus a further $60,000 conversion of John Swallow's personal loan into the same units.
Raised $850,000 in a private placement at $0.20/unit; President John Swallow also converted $100,000 of his personal loan to the company into the same units, on the same terms as outside investors.
Closed a $427,500 private placement (2.1 million units at $0.20) through placement agent Paulson Investment Company.
What it means for a shareholder
2.1m new shares at US$0.200 to raise about US$427,500. That's 2.1% dilution: every existing holder's slice gets 2.1% smaller. If you held US$1,000 of shares (5,000 at the issue price), your slice goes from 0.00514% to 0.00504% of the company. To keep it you'd need 108 more shares - about US$22 at the issue price.
Granted 900,000 stock options to directors and officers, including new officer Monique Hayes, as compensation. Filed alongside an operating update showing Golden Chest's open-pit ore processing ramping up with improving recoveries.
Completed the merger of G F & H Company into the parent after minority shareholders approved it, simplifying ownership of the claims adjoining Golden Chest.
Agreed to merge its 84%-owned subsidiary G F & H Company, which holds 374 acres of patented claims near Golden Chest, directly into the parent company, buying out the minority shareholders with stock.
Extended the same forward-gold-sale financing to outside investors through placement agent GVC Capital, raising a further $772,806 net to fund the Golden Chest production restart.
Raised $467,500 by pre-selling 500 ounces of future Golden Chest gold production to Ophir Holdings, an Idaho entity partly owned by company management, to fund a restart of open-pit mining at Golden Chest.
1 Feb 2016asset acquisition disposition▲ GoodMajor
Completed the purchase of Timberline's 50% Butte Highlands interest, becoming co-owner alongside Highland Mining LLC of a project already backed by more than $30 million of outside development funding. The company disclosed that President John Swallow previously chaired Timberline's board and helped negotiate the original Butte Highlands deal.