Ian Cassel and Luke Steckel have a conversation with John Swallow, CEO of Idaho Strategic Resources (IDR). This MicroCap Business Breakdowns discussion aired on November 16th on the MicroCapClub Community.

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Idaho Strategic Resources (IDR) is an Idaho based gold producer which also owns the largest Rare Earth Elements land package in the United States. In today’s volatile geopolitical and macroeconomic environment, IDR finds itself in a unique position as the only publicly traded company with profitable gold production and rare earth element exposure in one stock.

IDR Website: https://idahostrategic.com
IDR X:   / idahostrategic  

IDR Time Stamps:

02:20 John Swallow’s Background - From Real Estate Appraiser to Mining Entrepreneur
14:12 IDR Business Overview
30:53 The patience to wait for the right assets
33:00 Unique business model and comparisons
35:35 Culture and “We live here” mantra
39:00 Recent increase in profitability
40:10 Plans for continuing to increase gold production and profitability
41:40 REE land package
43:28 REE processing and matching it to the right deposit
45:58 Which REE’s are the most important?
48:05 IDR REE partnerships
50:05 IDR REE 3-Year Plan
52:09 Funding
54:06 Technology companies already using IDR’s REE ore
55:50 US REE independence by 2026?

MicroCap Business Breakdowns (MCBB), powered by MicroCapClub, is a monthly program where we invite leaders of unique microcap businesses to have in depth conversations with the MicroCapClub member/investor that knows the business best. In each conversation we look to drill down into the history, business, strategy, vision, and bull/bear case. The MicroCapClub community can tune in live and ask questions. We publicize each episode 2-4 weeks after the live discussion. 

About Ian Cassel
Ian Cassel is the founder of MicroCapClub and CIO of IFCM.
X:   / iancassel  
LinkedIn:   / iancassel  
IFCM: https://if.capital

About Luke Steckel
Luke is a private microcap investor and small business owner. He’s been a MicroCapClub member since 2011.


About MicroCapClub
MicroCapClub is an exclusive forum for experienced microcap investors focused on microcap companies (sub $500m market cap) trading on United States, Canadian, European, and Australian markets. MicroCapClub was created to be a platform for experienced microcap investors to share and discuss stock ideas. Since 2011, our members have profiled 900+ microcap companies. Investors can join our community by applying to become a member or subscribing to gain instant view only access. MicroCapClub’s mission is to foster the highest quality microcap investor Community, produce Educational content for investors, and promote better Leadership in the microcap arena. For more information: https://microcapclub.com

Disclaimer: The purpose of this presentation is for informational and educational purposes only and should not be construed as a recommendation to purchase or sell any security. MicroCapClub is not a registered investment advisor. MicroCapClub, its partners, members, subscribers, and affiliates may or may not hold positions in one or more of the securities mentioned on this program and may trade in such securities at any time. Do your own due diligence and seek counsel from a registered investment advisor before trading in any security.