Idaho Strategic Resources (IDR) Registration Filing summary

Company overview and business model

• Produces gold at the Golden Chest Mine and holds a significant land package in the Murray Gold Belt, Idaho, with additional rare earth element (REE) and thorium projects in central Idaho and Montana.

• Maintains in-house expertise from exploration to production, including operation of the New Jersey Mill, and leverages a flexible, entrepreneurial structure.

• Focuses on gold production and strategic expansion into critical minerals, with properties recognized by USGS, IGS, and DOE.

• Revenue primarily from gold sales, with 99% of 2024 gold concentrate sold to H & H Metals Corporation; also ships concentrate overseas.

Financial performance and metrics

• As of May 13, 2025, the aggregate market value of outstanding common stock held by non-affiliates was $162,280,201, based on 12,858,970 shares at $12.62 per share.

• Net tangible book value as of March 31, 2025, was $42.5 million ($3.11 per share); post-offering, as adjusted, would be $57.05 million ($3.84 per share).

• Immediate dilution to new investors estimated at $8.78 per share if shares are sold at $12.62.

Use of proceeds and capital allocation

• Net proceeds intended for acquiring equipment, construction and labor for a new mill, property acquisitions, corporate combinations, joint ventures, increased mineral exploration, and general corporate purposes.

• Management retains broad discretion over allocation; proceeds may be temporarily invested in capital preservation instruments.