Past year: ▼ 20%(26.35 – 43.07 USD)
Each one in plain English, with the numbers worked through for a shareholder.
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.
10 Feb 2011substantial holder notice● Neutral
William Joseph Ritger, Seaside Capital, LLC reported a Idaho Strategic Resources, Inc. shareholding of 3,162,425 shares (7.40% of votes) in a periodic institutional filing.
7 Feb 2011substantial holder notice● Neutral
PMK Capital Advisors, Inc, Roger Kumar, Constance Miesel reported a Idaho Strategic Resources, Inc. shareholding of 4,618,990 shares (10.76% of votes) in a periodic institutional filing.
3 Jan 2011securities registration● Neutral
Idaho Strategic Resources, Inc. filed notice of an exempt private placement.
27 Dec 2010substantial holder notice● Neutral
Marathon Gold Corporation disclosed a new substantial Idaho Strategic Resources, Inc. shareholding (8.50% of votes).
20 Dec 2010asset acquisition disposition▲ GoodMajor
Formed the Golden Chest LLC joint venture with Marathon Gold (50/50, New Jersey Mining operating) to buy the past-producing Golden Chest mine near Murray, Idaho for $3.75 million - $500,000 cash upfront and the balance in seller-financed annual payments through the mine's seventh year. This is the origin of what becomes the company's flagship, and eventually sole, core asset.
12 Nov 2010quarterly activities report▼ Bad
Idaho Strategic Resources, Inc. reported quarterly revenue of $136 thousand and a net loss of $76 thousand for the period ended 2010-09-30.
16 Aug 2010securities registration● Neutral
Idaho Strategic Resources, Inc. filed notice of an exempt private placement.
13 Aug 2010quarterly activities report▼ Bad
Idaho Strategic Resources, Inc. reported quarterly revenue of $18 thousand and a net loss of $273 thousand for the period ended 2010-06-30.
15 Mar 2010capital raising announcement● Neutral
Raised $529,500 (3.1 million units at $0.17), paying agents a 10% placement fee.
What it means for a shareholder
3.1m new shares at US$0.170 to raise about US$529,500. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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23 Feb 2010securities registration● Neutral
Idaho Strategic Resources, Inc. filed notice of an exempt private placement.
16 Feb 2010substantial holder notice● Neutral
William Joseph Ritger, Seaside Capital, LLC reported a Idaho Strategic Resources, Inc. shareholding of 3,162,425 shares (8.30% of votes) in a periodic institutional filing.
4 Feb 2010substantial holder notice● Neutral
PMK Capital Advisors, Inc, Roger Kumar, Constance Miesel reported a Idaho Strategic Resources, Inc. shareholding of 4,618,990 shares (12.11% of votes) in a periodic institutional filing.
9 Oct 2009securities registration● Neutral
Idaho Strategic Resources, Inc. amended a filing by which it filed notice of an exempt private placement.
28 Sept 2009securities registration● Neutral
Idaho Strategic Resources, Inc. filed notice of an exempt private placement.
12 May 2009substantial holder notice● Neutral
PMK Capital Advisors, Inc, Roger Kumar, Constance Miesel reported a Idaho Strategic Resources, Inc. shareholding of 4,618,940 shares (11.89% of votes) in a periodic institutional filing.
24 Feb 2009substantial holder notice● Neutral
PMK Capital Advisors, Inc, Roger Kumar disclosed a new substantial Idaho Strategic Resources, Inc. shareholding (6.20% of votes).
24 Feb 2009substantial holder notice● Neutral
PMK Capital Advisors, Inc, Roger Kumar, Constance Miesel reported a Idaho Strategic Resources, Inc. shareholding of 2,952,274 shares (8.00% of votes) in a periodic institutional filing.
24 Feb 2009substantial holder notice● Neutral
PMK Capital Advisors, Inc, Roger Kumar, Constance Miesel reported a Idaho Strategic Resources, Inc. shareholding of 2,851,000 shares (9.10% of votes) in a periodic institutional filing.
11 Feb 2009substantial holder notice● Neutral
William Joseph Ritger reported a Idaho Strategic Resources, Inc. shareholding of 1,930,000 shares (5.20% of votes) in a periodic institutional filing.
5 Aug 2008material agreement termination▼ Bad
The Silverstar Mining joint venture on the Silver Strand mine collapsed: Silverstar could not pay the remaining $230,000 plus reclamation costs it owed and forfeited the $270,000 already paid. The company disclosed that its own VP, Grant Brackebusch, was also a Silverstar director.
11 July 2008material agreement▲ Good
Agreed to sell a 50% interest in its Silver Strand mine to Silverstar Mining Corp for $500,000, with the company remaining manager of the resulting joint venture. Silverstar had paid $270,000 of the total upfront.
15 May 2008capital raising announcement▲ Good
Brought in $1.74 million as shareholders exercised 4.35 million warrants at $0.40 - existing investors converting options into shares rather than a new dilutive raise.
25 Mar 2008material agreement▲ GoodMajor
Finalized the Newmont joint venture term sheet into a definitive Venture Agreement on the same terms: Newmont can earn up to 70% of the Toboggan Project gold district by funding exploration and a feasibility study.
11 Feb 2008joint venture update▲ GoodMajor
Signed a term sheet with Newmont Mining's exploration unit to jointly explore a 38-square-mile gold district north of Murray, Idaho (the Toboggan Project), with Newmont able to earn up to 70% by spending as much as $12 million. One of the world's largest gold miners validating the district was a significant vote of confidence, and the deal excludes the company's core Golden Chest ground.
13 Feb 2007capital raising announcement● Neutral
Raised roughly $1.07 million more (2.68 million units at $0.40).
What it means for a shareholder
2.7m new shares at US$0.400 to raise about US$1.1m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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6 Dec 2006material agreement● Neutral
Signed an exploration agreement with an option to convert to a full mining lease with Revett Metals Associates over the Niagara copper-silver deposit near Murray, Idaho, paying a small upfront fee in cash and stock with annual payments to keep the option alive.
25 May 2006asset acquisition disposition● Neutral
Sold its royalty interest in the small, long-dormant CAMP exploration project to Sterling Mining Company for $120,000 in cash, exiting a non-core asset with no production history since 1982.
13 Apr 2006capital raising announcement▲ Good
Raised $1.32 million in a private placement (4.4 million units at $0.30) with no broker commissions - a notably larger raise than its earlier rounds.
What it means for a shareholder
4.4m new shares at US$0.300 to raise about US$1.3m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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17 Dec 2004material agreement▲ GoodMajor
New Jersey Mining exercised its option to lease the Golden Chest mine near Murray, Idaho, signing exploration/lease deals with two claim owners and issuing 130,000 shares plus royalties up to 6%. This is the origin of what becomes the company's flagship mine; ore from the site was already being processed at the company's mill, with production targeted for early 2005.
