Recent Insider Transactions Derivative • 9h
Vice President of Exploration notifies of intention to sell stock Robert Morgan intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 3rd of June. If the sale is conducted around the recent share price of US$38.93, it would amount to US$278k. Since September 2025, Robert has owned 33.80k shares directly. Company insiders have collectively sold US$7.7m more than they bought, via options and on-market transactions in the last 12 months. Announcement • May 24
Idaho Strategic Resources Receives $1 Million Funding From Department Of Energy For Critical Material Innovation Project Idaho Strategic Resources had one of its participating project proposals submitted to the Department of Energy under Funding Opportunity 3105: Critical Material Innovation, Efficiency, and Alternatives selected for funding. The maximum possible amount of $1 million was awarded to the project titled, 'Innovative and Low-Emission Manufacturing Pathways of Mixed Rare Earth Metals from Idaho Sourced Minerals'. The announcement by the U.S. Department of Energy on May 19, 2026 is a welcomed achievement following the initial proposal submission in December of 2023. This project brings together key Idaho stakeholders such as the University of Idaho, Idaho National Laboratory, Idaho Geological Survey, and Idaho Strategic Resources to advance the exploration and extraction of Idaho-sourced rare earth elements for potential commercialization of rare earth metals (REMs), using innovative and efficient manufacturing pathways. The project was submitted under Funding Opportunity 3105, Topic Area 3: Next Generation Technologies, which is focused on early-stage, high-impact technologies aimed at transforming how the U.S. extracts processes, separates, recycles, and manufactures critical minerals. Specifically, Topic Area 3 called for project proposals with high ambitions and a low technology readiness level (between 0-4) that were not based on improvements or modifications to existing technologies or methods. Idaho Strategic’s role in the project is to identify areas within Idaho Strategic’s existing rare earth elements landholdings in central Idaho that are enriched in rare earth elements with a specific focus on neodymium, praseodymium, and dysprosium. Idaho Strategic will then work with members from the University of Idaho to collect a representative sample for downstream workplans including novel separation technologies and potential metallization. Every step of the project is being supported with technical guidance from both Idaho National Laboratory and the Idaho Geological Survey. The maximum amount of funding possible under Topic Area 3 was $1 million of support. The government funding awarded to the project team will be allocated primarily to supporting the downstream work being conducted by the University of Idaho, as project lead, with technical support from Idaho National Laboratory. No direct cost share is required to be provided by Idaho Strategic Resources as the industry partner. Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$37.35, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 11x in the Metals and Mining industry in the US. Total returns to shareholders of 678% over the past three years. 
