Idaho Strategic Resources (IDR) investor relations material

Executive summary

• Revenue for Q2 2026 increased 13.3% year-over-year, and for the first half of 2026 rose 50.5% compared to the same period in 2025, driven by higher average realized gold prices and increased production volumes.

• Net income for Q2 2026 was $3.63 million, up 32.4% year-over-year; six-month net income reached $9.99 million, a 130.8% increase over 2025.

• The company continued to expand gold production at the Golden Chest Mine and advanced rare earth element (REE) exploration, including metallurgical work and drilling programs.

Financial highlights

• Q2 2026 revenue: $10.73 million; six-month revenue: $25.21 million, both up from prior year periods.

• Gross profit margin for Q2 2026 was 56.2% (down from 57.8% in Q2 2025); six-month gross margin improved to 61.9% (from 54.8%).

• Operating income for Q2 2026 was $3.66 million (up 45.5% year-over-year); six-month operating income was $11.25 million (up 187%).

• Net income per diluted share for Q2 2026 was $0.23; for six months, $0.63.

• Cash provided by operations for the first half of 2026 was $13.73 million; cash at period end was $8.23 million.

Outlook and guidance

• Management expects to meet all contractual obligations and capital requirements for the next 12 months, supported by strong working capital and operational cash flows.

• Focus remains on increasing gold production, expanding asset base, and advancing REE exploration.