6 Jan 2016material agreement● Neutral
Granted 1.5 million stock options to directors Delbert Steiner, John Swallow and Grant Brackebusch as compensation, exercisable at $0.10/share.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
4 Dec 2015asset acquisition disposition▲ GoodMajor
Completed the buyout of Marathon Gold's stake, giving the company 100% ownership of the Golden Chest mine, funded by a $550,000 personal loan from President John Swallow at 5% interest. Separately, a lawsuit against the company by Crescent Silver, LLC was dismissed by a federal court.
16 Nov 2015quarterly activities report● Neutral
Idaho Strategic Resources, Inc. reported quarterly revenue of $603 thousand and net income of $120 thousand for the period ended 2015-09-30.
13 Oct 2015material agreement▲ GoodMajor
One month after Juniper's exit, the company moved to buy out its joint-venture partner Marathon Gold's 52% stake in Golden Chest LLC, signing an option to acquire full ownership of the Golden Chest mine for about $200,000 plus a 2% royalty to Marathon.
21 Sept 2015material agreement termination▼ BadMajor
Juniper Resources abruptly terminated its Golden Chest lease and halted mining, citing poor reserve economics and weak gold prices, forfeiting a $53,841 royalty prepayment and a $125,000 milling advance plus all mine infrastructure back to the company. New leadership under President John Swallow took over just as the mine's most active operator exited.
13 Aug 2015quarterly activities report● Neutral
Idaho Strategic Resources, Inc. reported quarterly revenue of $872 thousand and net income of $141 thousand for the period ended 2015-06-30.
15 May 2015quarterly activities report▼ Bad
Idaho Strategic Resources, Inc. reported quarterly revenue of $391 thousand and a net loss of $280 thousand for the period ended 2015-03-31.
4 Mar 2015material agreement▲ GoodMajor
Formalized a Strategic Partnership Agreement with Juniper Resources and its affiliates (including Gold Hill Reclamation and Mining), who already leased part of the Golden Chest mine and paid the company for milling services and a smelter-return royalty. New leadership under President R. Patrick Highsmith set the stage for Golden Chest's most productive period yet.
2 Feb 2015substantial holder notice● Neutral
John A. Swallow reported a Idaho Strategic Resources, Inc. shareholding of 14,447,620 shares (15.74% of votes) in a periodic institutional filing.
14 Nov 2014quarterly activities report▼ Bad
Idaho Strategic Resources, Inc. reported quarterly revenue of $6 thousand and a net loss of $372 thousand for the period ended 2014-09-30.
8 Sept 2014substantial holder notice● Neutral
STEVEN M. BATHGATE and MARGARET BATHGATE and MARGARET BATHGATE as disclosed a new substantial Idaho Strategic Resources, Inc. shareholding (9.37% of votes).
25 Aug 2014capital raising announcement● Neutral
Settled a $1.2 million private placement (6 million units at $0.20), placed through GVC Capital, which would go on to arrange the larger 2016 Golden Chest restart financings.
What it means for a shareholder
6.0m new shares at US$0.200 to raise about US$1.2m. That's 6.2% dilution: every existing holder's slice gets 6.2% smaller. If you held US$1,000 of shares (5,000 at the issue price), your slice goes from 0.00555% to 0.0052% of the company. To keep it you'd need 333 more shares - about US$67 at the issue price.
Create a free account to see this worked out for your own holding.
14 Aug 2014quarterly activities report▼ Bad
Idaho Strategic Resources, Inc. reported quarterly revenue of $63 and a net loss of $295 thousand for the period ended 2014-06-30.
14 Aug 2014securities registration● Neutral
Idaho Strategic Resources, Inc. amended a filing by which it filed notice of an exempt private placement.
18 July 2014securities registration● Neutral
Idaho Strategic Resources, Inc. filed notice of an exempt private placement.
15 May 2014quarterly activities report▼ Bad
Idaho Strategic Resources, Inc. reported quarterly revenue of $76 and a net loss of $268 thousand for the period ended 2014-03-31.
6 May 2014substantial holder notice● Neutral
John A. Swallow disclosed a new substantial Idaho Strategic Resources, Inc. shareholding (15.81% of votes).
7 Mar 2014securities registration● Neutral
Idaho Strategic Resources, Inc. filed notice of an exempt private placement.
24 Sept 2013securities registration● Neutral
Idaho Strategic Resources, Inc. filed notice of an exempt private placement.
16 May 2013listing compliance notice▼ BadMajor
Idaho Strategic Resources, Inc. deregistered its securities, ending its obligation to file reports with the SEC.
13 Nov 2012quarterly activities report▼ Bad
Idaho Strategic Resources, Inc. reported quarterly revenue of $22 thousand and a net loss of $130 thousand for the period ended 2012-09-30.
13 Aug 2012quarterly activities report▼ Bad
Idaho Strategic Resources, Inc. reported quarterly revenue of $404 thousand and a net loss of $143 thousand for the period ended 2012-06-30.
14 May 2012quarterly activities report▼ Bad
Idaho Strategic Resources, Inc. reported quarterly revenue of $476 thousand and a net loss of $322 thousand for the period ended 2012-03-31.
9 Feb 2012substantial holder notice● Neutral
PMK Capital Advisors, Inc, Roger Kumar, Constance Miesel reported a Idaho Strategic Resources, Inc. shareholding of 4,618,990 shares (10.20% of votes) in a periodic institutional filing.
27 Dec 2011asset acquisition disposition▲ Good
Finally sold the Silver Strand mine outright, this time to Shoshone Silver/Gold Mining Company for $1 million ($121,000 cash plus a 20% net-profits interest on the balance), succeeding where the 2008 Silverstar deal had fallen through.
10 Nov 2011quarterly activities report● Neutral
Idaho Strategic Resources, Inc. reported quarterly revenue of $502 thousand and net income of $117 thousand for the period ended 2011-09-30.
18 Aug 2011quarterly activities report● Neutral
Idaho Strategic Resources, Inc. reported quarterly revenue of $278 thousand and net income of $1 thousand for the period ended 2011-06-30.
12 Aug 2011quarterly activities report● Neutral
Idaho Strategic Resources, Inc. reported quarterly revenue of $278 thousand and net income of $1 thousand for the period ended 2011-06-30.
16 May 2011quarterly activities report▼ Bad
Idaho Strategic Resources, Inc. reported quarterly revenue of $231 thousand and a net loss of $3 thousand for the period ended 2011-03-31.
19 Apr 2011material agreement termination▼ BadMajor
Newmont walked away from the Toboggan Project joint venture after spending nearly $2 million over three field seasons without converting the district into a mine. The company regains full ownership of the roughly 8,000 acres of claims and keeps all of Newmont's exploration data at no cost.