on Idaho Strategic Resources, Inc. (NASDAQ:IDR)
Idaho Strategic Resources Reviews Successful 2024, Eyes Future Prospects
Idaho Strategic Resources, Inc. marked significant milestones in 2024, setting a strong foundation for 2025. The company reported an 84% increase in total revenue and a 744% rise in net income. Earnings per share saw a sixfold increase. Cash per share climbed to $0.85 by the third quarter of 2024. Key developments included a new building for a paste backfill plant at the Golden Chest mine, projecting annual savings of up to $800,000 once operational.
Idaho Strategic expanded its landholdings by acquiring the Butte Gulch property, boosting exploration activities. Notable finds included the Red Star Vein. Additionally, the company advanced its rare earth elements project, strengthening ties within the U.S. supply chain. Corporate advances include a $430,000 grant for power infrastructure upgrades and collaboration on micronuclear technologies.
CEO John Swallow expressed optimism for 2025, attributing past achievements to strategic investments. The completed developments are expected to enable further growth and development in the upcoming year.
R. E.
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