# EDGAR Filing Document

**Accession Number:** 0001798792
**File Stem:** 0001798792-23-000002
**Filing Date:** 2023-1
**Character Count:** 15360
**Document Hash:** e85dfb154df1b2faf5361743ff1472c4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001798792-23-000002.hdr.sgml**: 20230106

**ACCESSION NUMBER**: 0001798792-23-000002

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230106

**DATE AS OF CHANGE**: 20230106

**SUBJECT COMPANY**: 

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

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-84095
- **FILM NUMBER:** 23514285

**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
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Intelligent Fanatics Capital Management LLC
- **CENTRAL INDEX KEY:** 0001798792
- **IRS NUMBER:** 831916631
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** 350 RUMFORD ROAD
- **CITY:** LITITZ
- **STATE:** PA
- **ZIP:** 17543
- **BUSINESS PHONE:** 7179846944

**MAIL ADDRESS:**
- **STREET 1:** 350 RUMFORD ROAD
- **CITY:** LITITZ
- **STATE:** PA
- **ZIP:** 17543

```

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1)*
Idaho Strategic Resources, Inc
(Name of Issuer)
Common Stock
(Title of Class of Securities)
645827106
(CUSIP Number)
January 1, 2023
(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:

	[X]   Rule 13d-1(b)

	[  ]    Rule 13d-1(c)

	[_]    Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities
of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).

SCHEDULE 13G
CUSIP No.	645827106

1	Names of Reporting Persons
	Intelligent Fanatics Capital Management, LLC (EIN 83-1916631)
Ian Cassel
2	Check the appropriate box if a member of a Group (see instructions)
	(a)  [ ]
(b)  [ ]
3	SEC Use Only

4	Citizenship or Place of Organization
	Intelligent Fanatics Capital Management, LLC - Pennsylvania
Ian Cassel - USA
Number of Shares Beneficially Owned by Each Reporting Person With:
	5	Sole Voting Power
		462,644 aggregate shares of Common Stock (see Item 4 below)
	6	Shared Voting Power
		0
	7	Sole Dispositive Power
		462,644 aggregate shares of Common Stock (see Item 4 below)
	8	Shared Dispositive Power
		0
9	Aggregate Amount Beneficially Owned by Each Reporting Person
	462,644 aggregate shares of Common Stock (see Item 4 below)
10	Check box if the aggregate amount in row (9) excludes certain
shares (See Instructions)
	[ ]
11	Percent of class represented by amount in row (9)
	3.86%

12	Type of Reporting Person (See Instructions)
	Intelligent Fanatics Capital Management, LLC - IA
Ian Cassel - IN

Item 1.
(a)	Name of Issuer
Idaho Strategic Resources, Inc.
(b)	Address of Issuer's Principal Executive Offices
201 N. 3rd Street
Coeur d'Alene, Idaho 83814
Item 2.
(a)	Name of Person Filing
Intelligent Fanatics Capital Management, LLC
Ian Cassel
(b)	Address of Principal Business Office or, if None, Residence
350 Rumford Road
Lititz, Pennsylvania 17543
(c)	Citizenship
Intelligent Fanatics Capital Management, LLC - Pennsylvania
Ian Cassel - USA
(d)	Title and Class of Securities
Common Stock
(e)	CUSIP No.
645827106
Item 3. 	If this statement is filed pursuant to Section 240.13d-1(b)
or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	[_]	Broker or dealer registered under Section 15 of the Act;
(b)	[_]	Bank as defined in Section 3(a)(6) of the Act;
(c)	[_]	Insurance company as defined in Section 3(a)(19) of the Act;
(d)	[_]	Investment company registered under Section 8 of the Investment
Company Act of 1940;
(e)	[x]	An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f)	[_]	An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g)	[_]	A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
(h)	[_]	A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
(i)	[_]	A church plan that is excluded from the definition of an investment
company under section 3(c)(14) of the Investment Company Act of 1940;
(j)	[_]	A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);
(k)	[_]	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
If filing as a non-U.S. institution in accordance with
Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____
Item 4.	Ownership
(a)	Amount Beneficially Owned: 462,644 aggregate shares of Common Stock
may be deemed to be beneficially owned by each Reporting Person.
(b)	Percent of Class: 3.86%
 (c)	Number of shares as to which such person has:
	(i)	Sole power to vote or to direct the vote: 462,644 aggregate
shares of Common Stock (See Item 4a above).
	(ii)	Shared power to vote or to direct the vote: 0
(iii)	Sole power to dispose or to direct the disposition of:
462,644 aggregate shares of Common Stock (See Item 4a above).
(iv)	Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following [x].
Item 6.	Ownership of more than Five Percent on Behalf of Another Person.
	This Item 6 is not applicable.
Item 7.	Identification and classification of the subsidiary which
acquired the security being reported on by the parent holding company
or control person.
	This Item 7 is not applicable.
Item 8.	Identification and classification of members of the group.
	This Item 8 is not applicable.
Item 9.	Notice of Dissolution of Group.
	This Item 9 is not applicable.
Item 10.	Certifications.

By signing below I certify that, to the best of its knowledge and belief,
the securities referred to above were acquired and held in the ordinary
course of business and were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer
of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.

SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement
is true, complete and correct.
Dated: January 6, 2023
/s/ Ian Cassel
Name: Ian Cassel
Title: Managing Member of Intelligent Fanatics Capital Management, LLC
The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative.
If the statement is signed on behalf of a person by his
authorized representative (other than an executive officer or general
partner of this filing person), evidence of the representative's
authority to sign on behalf of such person shall be filed with the
statement, provided, however, that a power of attorney for this
purpose which is already on file with the Commission may be
incorporated by reference.  The name and any title of each person
who signs the statement shall be typed or printed beneath his signature.
Attention:  Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001).

```

### Attached PDF Documents

**Attachment 1:** `ifcm13idaho23.pdf`

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

# **SCHEDULE 13G**

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

**Idaho Strategic Resources, Inc.**

(Name of Issuer)

**Common Stock**

(Title of Class of Securities)

**645827106**

(CUSIP Number)

**January 1, 2023**

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☑ Rule 13d-1(b)

☐ Rule 13d-1(c)

☐ Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the *Notes*).

# **SCHEDULE 13G**

**CUSIP No. 645827106**

| 1 | Names of Reporting Persons Intelligent Fanatics Capital Management, LLC (EIN 83-1916631) Ian Cassel |  |
| --- | --- | --- |
| 2 | Check the appropriate box if a member of a Group (see instructions) (a) [ ] (b) [ ] |  |
| 3 | SEC Use Only |  |
| 4 | Citizenship or Place of Organization Intelligent Fanatics Capital Management, LLC - Pennsylvania Ian Cassel - USA |  |
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5 | Sole Voting Power 462,644 aggregate shares of Common Stock (see Item 4 below) |
|  | 6 | Shared Voting Power 0 |
|  | 7 | Sole Dispositive Power 462,644 aggregate shares of Common Stock (see Item 4 below) |
|  | 8 | Shared Dispositive Power 0 |
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person 462,644 aggregate shares of Common Stock (see Item 4 below) |  |
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions) [ ] |  |
| 11 | Percent of class represented by amount in row (9) 3.86% |  |

Page 2 of 6

| 12 | Type of Reporting Person (See Instructions) Intelligent Fanatics Capital Management, LLC - IA Ian Cassel - IN |
| --- | --- |

**Item 1.**

(a) Name of Issuer
Idaho Strategic Resources, Inc.
(b) Address of Issuer's Principal Executive Offices
201 N. 3rd Street
Coeur d'Alene, Idaho 83814

**Item 2.**

(a) Name of Person Filing
Intelligent Fanatics Capital Management, LLC
Ian Cassel
(b) Address of Principal Business Office or, if None, Residence
350 Rumford Road
Lititz, Pennsylvania 17543
(c) Citizenship
Intelligent Fanatics Capital Management, LLC - Pennsylvania
Ian Cassel - USA
(d) Title and Class of Securities
Common Stock
(e) CUSIP No.
645827106

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under Section 15 of the Act;
(b) [ ] Bank as defined in Section 3(a)(6) of the Act;
(c) [ ] Insurance company as defined in Section 3(a)(19) of the Act;
(d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940;
(e) [x] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

Page 4 of 6

(f) ☐ An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
(g) ☐ A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
(h) ☐ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) ☐ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940;
(j) ☐ A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);
(k) ☐ Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

# **Item 4. Ownership**

(a) Amount Beneficially Owned: 462,644 aggregate shares of Common Stock may be deemed to be beneficially owned by each Reporting Person.
(b) Percent of Class: 3.86%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 462,644 aggregate shares of Common Stock (See Item 4a above).
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of: 462,644 aggregate shares of Common Stock (See Item 4a above).
(iv) Shared power to dispose or to direct the disposition of: 0

# **Item 5. Ownership of Five Percent or Less of a Class.**

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [x].

# **Item 6. Ownership of more than Five Percent on Behalf of Another Person.**

This Item 6 is not applicable.

# **Item 7. Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company or control person.**

This Item 7 is not applicable.

# **Item 8. Identification and classification of members of the group.**

This Item 8 is not applicable.

Page 5 of 6

# **Item 9. Notice of Dissolution of Group.**

This Item 9 is not applicable.

# **Item 10. Certifications.**

By signing below I certify that, to the best of its knowledge and belief, the securities referred to above were acquired and held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

# **SIGNATURE**

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: January 6, 2023

/s/ Ian Cassel

Name: Ian Cassel

Title: Managing Member of Intelligent Fanatics Capital Management, LLC

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

**Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).**

Page 6 of 6