# EDGAR Filing Document

**Accession Number:** 0001030192
**File Stem:** 0001654954-25-008308
**Filing Date:** 2025-7
**Character Count:** 8114
**Document Hash:** dd1303b9b8ab6525223dfc57249aae51
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001654954-25-008308.hdr.sgml**: 20250722

**ACCESSION NUMBER**: 0001654954-25-008308

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250721

**FILED AS OF DATE**: 20250722

**DATE AS OF CHANGE**: 20250722

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Beaven Richard Scott
- **CENTRAL INDEX KEY:** 0001906533

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41320
- **FILM NUMBER:** 251141416

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

**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

**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

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Beaven Richard Scott<br><sub>(Last) (First) (Middle)</sub><br>201 N 3RD ST<br><sub>(Street)</sub><br>COEUR D'ALENE, ID 83814<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-07-21 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Idaho Strategic Resources, Inc. [ IDR ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2025-07-21 | 2025-07-21 | M |  | 5000<sup>(1)</sup> | A | $4.75 | 9000 | D |  |
| Common Stock | 2025-07-21 | 2025-07-21 | M |  | 2500<sup>(2)</sup> | A | $4.75 | 11500<sup>(2)</sup> | D |  |
| Common Stock | 2025-07-21 | 2025-07-21 | F |  | 566<sup>(2)</sup> | D | $20.98 | 10934<sup>(2)</sup> | D |  |
| Common Stock | 2025-07-21 | 2025-07-21 | M |  | 3000<sup>(3)</sup> | A | $5.25 | 13934<sup>(3)</sup> | D |  |
| Common Stock | 2025-07-21 | 2025-07-21 | F |  | 751<sup>(3)</sup> | D | $20.98 | 13183<sup>(3)</sup> | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Stock Options | $4.75 | 2025-07-21 | 2025-07-21 | M |  |  | 7500<sup>(1)(2)</sup> | 2022-09-28 | 2025-09-27 | Common Stock | 7500 | $0 | 13000 | D |  |
| Stock Options | $5.25 | 2025-07-21 | 2025-07-21 | M |  |  | 3000<sup>(3)</sup> | 2022-09-06 | 2025-09-05 | Common Stock | 3000 | $0 | 10000 | D |  |

---

### Footnotes:

(1) The Reporting Person exercised 5,000 stock options with and exercise price of $4.75. This is a partial exercise of the full grant of 7,500 stock options on 9/28/2022 pursuant to the Issuer's 2014 Equity Incentive Plan. The remaining 2,500 stock options were exercised cashless at the same time.

(2) Reflects 566 stock options retired by the Issuer at the market price of $20.98 per share, less an exercise price of $4.75 per share to fund the cashless exercise of 2,500 stock options owned by the Reporting Person pursuant to the Issuer's 2014 Equity Incentive Plan.

(3) Reflects 751 stock options retired by the Issuer at the market price of $20.98 per share, less an exercise price of $5.25 per share to fund the cashless exercise of 3,000 stock options owned by the Reporting Person pursuant to the Issuer's 2014 Equity Incentive Plan.

**Remarks:**
With the exception of the first transaction in Table 1 above, which was a cash exercise of stock options, the transactions reported in Table I reflect the cashless exercise of stock options. The cashless exercise for each set of options is reported in two lines. The first line of the cashless exercise transaction is coded M in column 3 of Table I and reports in column 4 the number of shares issuable upon exercise of the options had cash been paid to exercise the options, together with the exercise price with code A for acquired. The line coded F in column 3 of Table I relates to the same cashless exercise on the preceding line and reports in column 4 the number of shares deducted from the total number of shares issuable to pay for the cashless exercise of such options with code D for disposed. The transactions reported in Table II above, reflect the disposition of the same stock options whose cashless exercise is disclosed in Table I above.

**Signature:** /s/ Richard S. Beaven  
**Date:** 2025-07-23

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**