# EDGAR Filing Document

**Accession Number:** 0001030192
**File Stem:** 0001654954-25-008215
**Filing Date:** 2025-7
**Character Count:** 22632
**Document Hash:** bd6397ed53db75065498be23e5e59c73
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001654954-25-008215.hdr.sgml**: 20250721

**ACCESSION NUMBER**: 0001654954-25-008215

**CONFORMED SUBMISSION TYPE**: S-3/A

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20250721

**DATE AS OF CHANGE**: 20250718

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Idaho Strategic Resources, Inc.
- **CENTRAL INDEX KEY:** 0001030192
- **STANDARD INDUSTRIAL CLASSIFICATION:** GOLD & SILVER ORES [1040]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 820490295
- **STATE OF INCORPORATION:** ID
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-3/A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-287401
- **FILM NUMBER:** 251135443

**BUSINESS ADDRESS:**
- **STREET 1:** 201 N. 3RD STREET
- **CITY:** COEUR D'ALENE
- **STATE:** ID
- **ZIP:** 83814
- **BUSINESS PHONE:** (208) 625-9001

**MAIL ADDRESS:**
- **STREET 1:** 201 N. 3RD STREET
- **CITY:** COEUR D'ALENE
- **STATE:** ID
- **ZIP:** 83814

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NEW JERSEY MINING CO
- **DATE OF NAME CHANGE:** 20000107

As filed with the Securities and Exchange Commission on July 18, 2025.

**Registration No. 333-287401**

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

________________________

**Amendment No. 1**

**to**

**FORM S-3**

**REGISTRATION STATEMENT**

**UNDER THE SECURITIES ACT OF 1933**

---

| |
|:---|
| **IDAHO STRATEGIC RESOURCES, INC.** |
| (Exact name of registrant as specified in its charter) |

---

---

| | |
|:---|:---|
| **IDAHO** | **82-0490295** |
| (State or other jurisdiction of <br> incorporation or organization) | (I.R.S. Employer <br> Identification No.) |

---

**201 N. 3<sup>RD</sup> Street, Coeur d'Alene, Idaho 83814**

**(208) 625-9001**

(Address, including zip code, and telephone number, including area code, of Registrant's principal executive offices)

**John Swallow**

**President & Chief Executive Officer**

**201 N. 3<sup>RD</sup> Street**

**Coeur d'Alene, ID 83814**

**(208) 625-9001**

(Name, address, including zip code, and telephone number, including area code, of agent for service)

Copies of communications to:

**Lukas O'Dowd**

**Lyons O'Dowd, PLLC**

**703 E. Lakeside Avenue**

**Coeur d'Alene, ID 83814**

**(208) 714-0487**

**Approximate Date of Commencement of Proposed Sale to the Public:** From time to time after this registration statement becomes effective, subject to market conditions and other factors.

If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box: ☐

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box: ☒

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering:☐

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering: ☐

If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box. ☐

If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box. ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐ Accelerated filer ☐ <br> Non-accelerated filer ☒ Smaller reporting company ☒ <br> Emerging growth company ☐

The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the registration statement shall become effective on such date as the Commission acting pursuant to said Section 8(a), may determine.

**<u>EXPLANATORY NOTE</u>**

This Pre-Effective Amendment No. 1 (this "Amendment No. 1") to the Registration Statement on Form S-3 (File No. 333-287401), originally filed May 19, 2025, with the Securities and Exchange Commission, by Idaho Strategic Resources, Inc. (the "Registrant"), is being filed as an exhibit-only amendment to file an updated auditor's consent, filed herewith as Exhibit 23.2 (the "Consent of Assure CPA, LLC"). Accordingly, this Amendment No. 1 consists only of the cover page, this explanatory note, the Exhibit Index of Item 16 of Part II of the Registration Statement, the signature pages to the Registration Statement, and the Consent of Assure CPA, LLC, filed herewith as Exhibit 23.2. The Prospectus Supplement and the balance of Part II of the Registration Statement are unchanged and have been omitted.

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized in the city of Coeur d'Alene, state of Idaho, on the 18<sup>th</sup> day of July, 2025.

---

| | |
|:---|:---|
| **<u>IDAHO</u><u>STRATEGIC RESOURCES, INC.</u>** | **<u>IDAHO</u><u>STRATEGIC RESOURCES, INC.</u>** |
| (Registrant) | (Registrant) |
| By: | /s/ John Swallow |
|  | **John Swallow** |
|  | President & CEO |

---

Each person whose signature appears below constitutes and appoints John Swallow as his true and lawful attorney-in-fact and agent, each acting alone, with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this registration statement on Form S-3 and any subsequent registration statement the Registrant may hereafter file with the Securities and Exchange Commission pursuant to Rule 462 under the Securities Act to register additional securities in connection with this registration statement, and to file this registration statement, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in order to effectuate the same as fully, to all intents and purposes, as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Signature**<br>| **Title** | **Date** |
| /s/ John Swallow | Chairman,  | July 18, 2025 |
| John Swallow | Chief Executive Officer (Principal Executive Officer) and Director<br>|  |
| /s/ Grant Brackebusch | Chief Financial Officer | July 18, 2025 |
| Grant Brackebusch | (Principal Financial Officer and<br> Principal Accounting Officer), and Director<br>|  |
| /s/ Kevin Shiell | Director | July 18, 2025 |
| Kevin Shiell |  |  |
| /s/ Carolyn Turner | Director | July 18, 2025 |
| Carolyn Turner |  |  |
| /s/ Rich Beaven | Director | July 18, 2025 |
| Rich Beaven |  |  |

---

**Item 16. Exhibits** 

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 1.1 | Form of Underwriting Agreement\* |
| 4.1 | Form of Note\* |
| 4.2 | Form of Warrant Agreement, including form of Warrant\* |
| 4.3 | Form of Unit Agreement\* |
| 4.4 | Form of Pledge Agreement\* |
| 4.5 | Form of Rights Certificate\* |
| [4.6](http://www.sec.gov/Archives/edgar/data/1030192/000165495425005878/idr_ex46.htm) | [Form of Indenture\*\*](http://www.sec.gov/Archives/edgar/data/1030192/000165495425005878/idr_ex46.htm) |
| [5.1](http://www.sec.gov/Archives/edgar/data/1030192/000165495425005878/idr_ex51.htm) | [Opinion of Lyons O'Dowd, PLLC\*\*](http://www.sec.gov/Archives/edgar/data/1030192/000165495425005878/idr_ex51.htm) |
| [10.1](http://www.sec.gov/Archives/edgar/data/1030192/000165495424012876/njmc_ex101.htm) | [Sales Agreement, dated October 10, 2024, by and between the Company and Roth Capital Partners, LLC, incorporated by reference from Exhibit 10.1 to the Company's Form 8-K, as filed with the Securities and Exchange Commission on October 11, 2024.](http://www.sec.gov/Archives/edgar/data/1030192/000165495424012876/njmc_ex101.htm) |
| [23.1](http://www.sec.gov/Archives/edgar/data/1030192/000165495425005878/idr_ex51.htm) | [Consent of Lyons O'Dowd, PLLC (included in Exhibit 5.1)\*\*](http://www.sec.gov/Archives/edgar/data/1030192/000165495425005878/idr_ex51.htm) |
| [23.2](idr_ex232.htm) | [Consent of Assure CPA, LLC\*\*\*](idr_ex232.htm) |
| [23.3](http://www.sec.gov/Archives/edgar/data/1030192/000165495425005878/idr_ex233.htm) | [Consent of Qualified Person for Technical Report Summary of Golden Chest Mine.\*\*](http://www.sec.gov/Archives/edgar/data/1030192/000165495425005878/idr_ex233.htm) |
| [23.4](http://www.sec.gov/Archives/edgar/data/1030192/000165495425005878/idr_ex234.htm) | [Consent of Qualified Person for Technical Report Summary of Golden Chest Mine.\*\*](http://www.sec.gov/Archives/edgar/data/1030192/000165495425005878/idr_ex234.htm) |
| [23.5](http://www.sec.gov/Archives/edgar/data/1030192/000165495425005878/idr_ex235.htm) | [Consent of Qualified Person for Technical Report Summary of Golden Chest Mine.\*\*](http://www.sec.gov/Archives/edgar/data/1030192/000165495425005878/idr_ex235.htm) |
| [24.1](#sign) | [Powers of Attorney (included on signature page).](#sign) |
| [96.1](http://www.sec.gov/Archives/edgar/data/1030192/000165495425003575/idr_ex961.htm) | [Technical Report Summary for the Golden Chest Mine, Idaho, U.S.A. incorporated by reference from Exhibit 96.1 to the Company's Form 10-K for the year ended December 31, 2024, as filed with the Securities and Exchange Commission on March 31, 2025.](http://www.sec.gov/Archives/edgar/data/1030192/000165495425003575/idr_ex961.htm) |
| [107](idr_ex107.htm) | [Filing Fee Table.](idr_ex107.htm) |

---

\* To be filed, if applicable, by amendment or as an exhibit to a report filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, and incorporated herein by reference.

\*\* Previously filed.

\*\*\* Filed herewith.

## Exhibit 23.2

**EXHIBIT 23.2**

![](idr_ex232img3.jpg)

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the reference to us as experts in accounting and auditing under the heading "Experts" within the prospectus supplement and the Registration Statement on Form S-3 (File No. 333-287401), filed on or about May 19, 2025, and amended by this Amendment No. 1. We also consent to the use of our report dated March 31, 2025, with respect to the consolidated balance sheets of Idaho Strategic Resources, Inc. as of December 31, 2024 and 2023, and the related consolidated statements of operations, changes in stockholders' equity and cash flows for each of the years then ended, and the related notes (collectively, the "financial statements"), incorporated herein by reference.

![](idr_ex232img2.jpg)

Assure CPA, LLC

Spokane, Washington

July 18, 2025

## Ex-Filing

**EXHIBIT 107**

**Calculation of Filing Fee Tables**

**Form S-3**

(Form Type)

**Idaho Strategic Resources, Inc.**

(Exact Name of Registrant as Specified in its Charter)

**<u>Table 1: Newly Registered and Carry Forward Securities</u>**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Security Type** | **Security Class Title** | **Fee Calculation or Carry Forward Rule** | **Proposed Maximum Offering Price Per Unit** | **Maximum Aggregate Offering Price** | **Fee Rate** | **Amount of Registration Fee** | **Carry Forward Form Type** | **Carry Forward File Number** | **Carry forward Initial Effective** |
| Fees to be paid | Equity | Common Stock, having no par value<sup>(4)</sup> | Rule 457(o)<br><sup>(1)</sup> | <sup>(2)</sup> | <sup>(2)</sup> |  |  |  |  |  |
| Fees to be paid | Debt | Debt Securities | Rule 457(o)<br><sup>(1)</sup> | <sup>(2)</sup> | <sup>(2)</sup> |  |  |  |  |  |
| Fees to be paid | Other | Warrants<sup>(5)</sup> | Rule 457(o)<br><sup>(1)</sup> | <sup>(2)</sup> | <sup>(2)</sup> |  |  |  |  |  |
| Fees to be paid | Other | Rights<sup>(6)</sup> | Rule 457(o)<br><sup>(1)</sup> | <sup>(2)</sup> | <sup>(2)</sup> |  |  |  |  |  |
| Fees to be paid | Other | Units<sup>(7)</sup> | Rule 457(o)<br><sup>(1)</sup> | <sup>(2)</sup> | <sup>(2)</sup> |  |  |  |  |  |
| Fees to be paid | Total | Unallocated (Universal) Shelf | Rule 415(a)(6)<br><sup>(1)</sup> | Unallocated (Universal) Shelf | $35000000<sup>(1)(2)</sup> | 0.0001531 | $5358.50 |  |  |  |
| **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** |
| Carry Forward Securities | Equity | Common Stock, having no par value<sup>(4)</sup> | Rule 457(o) |  |  |  |  | Form S-3 | 333-264647 | May 17, 2022 |
|  | Debt | Debt Securities | Rule 457(o) |  |  |  |  | Form S-3 | 333-264647 | May 17, 2022 |
|  | Other | Warrants<sup>(5)</sup> | Rule 457(o) |  |  |  |  | Form S-3 | 333-264647 | May 17, 2022 |
|  | Other | Rights<sup>(6)</sup> | Rule 457(o) |  |  |  |  | Form S-3 | 333-264647 | May 17, 2022 |
|  | Other | Units<sup>(7)</sup> | Rule 457(o) |  |  |  |  | Form S-3 | 333-264647 | May 17, 2022 |
|  | Unallocated (Universal) Shelf | Unallocated (Universal) Shelf | Rule 415(a)(6)<br><sup>(1)</sup> | <sup>(2)</sup> | $10000000<sup>(1)(2)</sup> | .0000927<sup>(3)(8)</sup> |  | Form S-3 | 333-264647 | May 17, 2022<br>$927.00<sup>(3)(8)</sup> |
| **Total Offering Amount/Registration Fee**<br> **Total Fees Previously Paid**<br> **Total Fee Offsets**<br> **Net Fee Due** | **Total Offering Amount/Registration Fee**<br> **Total Fees Previously Paid**<br> **Total Fee Offsets**<br> **Net Fee Due** | **Total Offering Amount/Registration Fee**<br> **Total Fees Previously Paid**<br> **Total Fee Offsets**<br> **Net Fee Due** | **Total Offering Amount/Registration Fee**<br> **Total Fees Previously Paid**<br> **Total Fee Offsets**<br> **Net Fee Due** | **Total Offering Amount/Registration Fee**<br> **Total Fees Previously Paid**<br> **Total Fee Offsets**<br> **Net Fee Due** | $35000000 |  | $5358.50 |  |  |  |
| **Total Offering Amount/Registration Fee**<br> **Total Fees Previously Paid**<br> **Total Fee Offsets**<br> **Net Fee Due** | **Total Offering Amount/Registration Fee**<br> **Total Fees Previously Paid**<br> **Total Fee Offsets**<br> **Net Fee Due** | **Total Offering Amount/Registration Fee**<br> **Total Fees Previously Paid**<br> **Total Fee Offsets**<br> **Net Fee Due** | **Total Offering Amount/Registration Fee**<br> **Total Fees Previously Paid**<br> **Total Fee Offsets**<br> **Net Fee Due** | **Total Offering Amount/Registration Fee**<br> **Total Fees Previously Paid**<br> **Total Fee Offsets**<br> **Net Fee Due** |  |  |  |  |  |  |
| **Total Offering Amount/Registration Fee**<br> **Total Fees Previously Paid**<br> **Total Fee Offsets**<br> **Net Fee Due** | **Total Offering Amount/Registration Fee**<br> **Total Fees Previously Paid**<br> **Total Fee Offsets**<br> **Net Fee Due** | **Total Offering Amount/Registration Fee**<br> **Total Fees Previously Paid**<br> **Total Fee Offsets**<br> **Net Fee Due** | **Total Offering Amount/Registration Fee**<br> **Total Fees Previously Paid**<br> **Total Fee Offsets**<br> **Net Fee Due** | **Total Offering Amount/Registration Fee**<br> **Total Fees Previously Paid**<br> **Total Fee Offsets**<br> **Net Fee Due** |  |  | $927.00 |  |  |  |
| **Total Offering Amount/Registration Fee**<br> **Total Fees Previously Paid**<br> **Total Fee Offsets**<br> **Net Fee Due** | **Total Offering Amount/Registration Fee**<br> **Total Fees Previously Paid**<br> **Total Fee Offsets**<br> **Net Fee Due** | **Total Offering Amount/Registration Fee**<br> **Total Fees Previously Paid**<br> **Total Fee Offsets**<br> **Net Fee Due** | **Total Offering Amount/Registration Fee**<br> **Total Fees Previously Paid**<br> **Total Fee Offsets**<br> **Net Fee Due** | **Total Offering Amount/Registration Fee**<br> **Total Fees Previously Paid**<br> **Total Fee Offsets**<br> **Net Fee Due** |  |  | $4431.50 |  |  |  |

---

(1) There are being registered under this Registration Statement such indeterminate number of shares of Common Stock, such indeterminate principal amount of debt securities, such indeterminate number of warrants to purchase common stock, and/or debt securities, such indeterminate number of rights to purchase common stock, and such indeterminate number of units as may be sold by the Registrant from time to time, which together shall have an aggregate initial offering price not to exceed $35,000,000. If the Registrant issues any debt securities at an original issue discount, then the offering price of such debt securities shall be in such greater principal amount at maturity as shall result in an aggregate offering price not to exceed $35,000,000, less the aggregate dollar amount of all securities previously issued hereunder. The Registrant may sell any securities it is registering under this Registration Statement separately or as units with the other securities it is registering under this Registration Statement. The Registrant will determine, from time to time, the proposed maximum offering price per unit in connection with its issuance of the securities it is registering under this Registration Statement. The securities it is registering under this Registration Statement also include such indeterminate number of shares of common stock and such indeterminate principal amount of debt securities as the Registrant may issue upon conversion of or exchange for debt securities that provide for conversion or exchange, upon exercise of warrants or rights or pursuant to the anti-dilution provisions of any of such securities. In addition, pursuant to Rule 416 under the Securities Act of 1933 (the "Securities Act"), the shares the Registrant is registering under this Registration Statement include such indeterminate number of shares of common stock as may be issuable with respect to the shares the Registrant is registering as a result of stock splits, stock dividends or similar transactions.

(2) The Registrant will determine the proposed maximum aggregate offering price per class of security from time to time in connection with its issuance of the securities the Registrant is registering under this Registration Statement, and the Registrant is not specifying such price as to each class of security pursuant to General Instruction II.D. of Form S-3 under the Securities Act. The proposed maximum offering price per share of Common Stock and proposed maximum aggregate offering price will be determined from time to time by the registrant in connection with, and at the time of, the issuance of the shares of Common Stock. In no event will the aggregate maximum offering price of all securities issued under this registration statement exceed $35,000,000 and the amount of securities sold pursuant to this registration statement will not exceed the limit in Instruction I.B.6.(a) of Form S-3, as applicable.

(3) Calculated in accordance with Rule 457(o) under the Securities Act based on the maximum aggregate offering price.

(4) Shares of common stock may be issuable upon conversion of debt securities registered hereunder. No separate consideration will be received for such common stock.

(5) Warrants will represent rights to purchase debt securities or common stock registered hereby. Because the warrants will provide a right only to purchase such securities offered hereunder, no additional registration fee is required.

(6) Including such currently indeterminate number of rights, including share purchase or subscription rights, as may be issued from time to time at currently indeterminate prices. Because the rights will provide a right only to purchase such securities offered hereunder, no additional registration fee is required.

(7) Including such currently indeterminate number of units as may be issued from time to time at currently indeterminate prices. Each unit will represent an interest in two or more securities registered hereby, which may or may not be separable from one another.

(8) Pursuant to Rule 415(a)(6) under the Securities Act, the registrant is carrying forward to this registration statement $10,000,000 of unsold securities (the "Unsold Securities") that have previously been registered under the registrant's registration statement on Form S-3 (File No. 333-264647) filed on May 4, 2022, and declared effective on May 17, 2022 (the "Prior Registration Statement"), and the registration fee of $927.00 associated with the offering of the Unsold Securities (based on the filing fee rate in effect at the time of the filing of the Prior Registration Statement) will continue to be applied to the Unsold Securities that are being carried forward to this registration statement. No additional filing fee is due with respect to the Unsold Securities carried forward in this registration statement.