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    Idaho Strategic Resources Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders

    7/1/25 2:10:10 PM ET
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    idr_8k.htm
    0001030192false00010301922025-07-012025-07-01iso4217:USDxbrli:sharesiso4217:USDxbrli:shares

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    WASHINGTON, D.C. 20549

     

    FORM 8-K

     

    Current Report

    Pursuant to Section 13 or 15(d) of the

    Securities Exchange Act of 1934

     

    Date of Report (Date of Earliest Event Reported): July 01, 2025

     

    Commission file number: 001-41320

     

    idr_8kimg1.jpg 

    Idaho Strategic Resources, Inc.

    (Exact Name of Registrant as Specified in its Charter)

     

    Idaho

     

    82-0490295

    (State or other jurisdiction of

    incorporation or organization)

     

    (I.R.S. Employer

    Identification No.)

     

    201 N. 3rd Street, Coeur d’Alene, ID

     

    83814

    (Address of principal executive offices)   

     

    (zip code)

     

    Registrant's telephone number, including area code: (208) 625-9001

     

    N/A

    (Former Name or Former Address if Changed Since Last Report)

     

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

     

    ☐     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     

    ☐     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     

    ☐     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     

    ☐     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

     

    Securities registered pursuant to Section 12(g) of the Act:

     

    Title of Each Class

     

    Trading Symbol(s)

     

    Name of Each Exchange on Which Registered

    Common Stock, no par value

     

    IDR

     

    NYSE American LLC

     

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b–2 of this chapter).

     

    Emerging growth company ☐

     

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

     

     

     

     

    ITEM 5.07. Submission of Matters to a Vote of Security Holders.

     

    On June 30, 2025, Idaho Strategic Resources, Inc. (the “Company”) held an annual meeting of shareholders (the “Annual Meeting”) for consideration of the following proposals:

     

    Proposal – 1.

    The election of the nominees to the Company’s Board of Directors to serve until the Company’s 2026 Annual Meeting of Shareholders or until successors are duly elected and qualified; the following are nominees for re-election as Directors: John Swallow, Grant Brackebusch, Kevin Shiell, Rich Beaven and Carolyn Turner;

     

     

    Proposal – 2.

    Ratification of the appointment of the Company’s independent registered public accounting firm, Assure, CPA, LLC;

       

    Each of the foregoing proposals is described in more detail in the Company’s Definitive Proxy Statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on May 20, 2025.

     

    As of the record date, May 2, 2025, there were 14,052,872 shares of the Company’s common stock outstanding. At the Annual Meeting, there were present in person or by proxy 10,076,652 shares of the Company’s common stock, representing 71.70% of the Company’s total outstanding common stock. The results for each proposal submitted to a vote of shareholders at the Annual Meeting are as follows:

     

    Proposals

     

    Votes For

     

     

    Votes

    Withheld

     

     

     

     

     

    Broker

    Non-Vote

     

    Proposal 1 – Election of Directors

     

     

     

     

     

     

     

     

     

     

     

     

    John Swallow

     

     

    5,609,239

     

     

     

    45,055

     

     

     

     

     

     

    4,422,358

     

    Grant Brackebusch

     

     

    5,390,569

     

     

     

    263,725

     

     

     

     

     

     

    4,422,358

     

    Kevin Shiell

     

     

    5,164,738

     

     

     

    489,556

     

     

     

     

     

     

    4,422,358

     

    Richard Beaven

     

     

    5,470,135

     

     

     

    184,159

     

     

     

     

     

     

    4,422,358

     

    Carolyn Turner

     

     

    5,436,991

     

     

     

    217,303

     

     

     

     

     

     

    4,422,358

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Votes For

     

     

    Votes

    Against

     

     

    Abstentions

     

     

    Broker

    Non-Vote

     

    Proposal 2 – Ratification of Company’s independent registered public accounting firm for the ensuing year

     

     

    9,960,697

     

     

     

    76,207

     

     

     

    39,748

     

     

     

    0

     

     

    Based on the above voting results, (i) the director nominees, John Swallow, Grant A. Brackebusch, Kevin Shiell, Rich Beaven and Carolyn Turner were elected directors, each for a term expiring at the 2026 annual meeting of shareholders, (ii) Assure, CPA, LLC was ratified as the Company’s independent registered accounting firm for the ensuing year.

     

     

    2

     

     

    SIGNATURES

     

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

     

     

    IDAHO STRATEGIC RESOURCES, INC.

        
    By:

    /s/ John Swallow

     

     

    John Swallow

     
     

    Its: President & CEO

     
     

    Date: July 01, 2025

     

     

     

    3

     

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