Critical Materials & Supply Chain▲
Idaho Strategic Resources Soars 5% on Gold Rally and Rare-Earth Funding
Idaho Strategic Resources shares jumped 5% to $34.17 on higher-than-average volume, buoyed by rising gold prices and a weaker U.S. dollar. The company reported a 99% year-over-year revenue increase to $14 million in the first quarter of 2026, with earnings per share climbing to 40 cents from 12 cents. It also secured the maximum $1 million award under a Department of Energy funding opportunity for critical material innovation, partnering with the University of Idaho, Idaho National Laboratory, and the Idaho Geological Survey to develop low-emission rare-earth metal manufacturing pathways. Analysts expect upcoming quarterly earnings of 33 cents per share on revenues of $14.6 million, representing year-over-year growth of 65% and 54%, respectively. The stock carries a Zacks Rank of 2, or Buy.