Idaho Strategic Resources re-elects board and approves auditor at annual meeting

Published 01/07/2025, 19:24
Idaho Strategic Resources re-elects board and approves auditor at annual meeting

Idaho Strategic Resources , Inc. (NYSE:IDR) held its annual meeting of shareholders on Monday. According to a press release statement based on the company’s SEC filing, shareholders voted on two main proposals: the election of directors and the ratification of the company’s independent registered public accounting firm.

Five director nominees—John Swallow, Grant Brackebusch, Kevin Shiell, Richard Beaven, and Carolyn Turner—were each re-elected to serve until the 2026 annual meeting or until their successors are duly elected and qualified. The vote totals for each director were as follows: John Swallow received 5,609,239 votes for and 45,055 votes withheld; Grant Brackebusch received 5,390,569 for and 263,725 withheld; Kevin Shiell received 5,164,738 for and 489,556 withheld; Richard Beaven received 5,470,135 for and 184,159 withheld; and Carolyn Turner received 5,436,991 for and 217,303 withheld. There were 4,422,358 broker non-votes for each director nominee.

Shareholders also ratified the appointment of Assure, CPA, LLC as the company’s independent registered public accounting firm for the ensuing year. The vote on this proposal was 9,960,697 for, 76,207 against, and 39,748 abstentions. There were no broker non-votes on this item.

As of the record date, May 2, 2025, the company had 14,052,872 shares of common stock outstanding. A total of 10,076,652 shares, representing 71.70% of outstanding shares, were present in person or by proxy at the meeting. The company maintains a strong financial position with a healthy current ratio of 4.37 and minimal debt levels, as revealed by InvestingPro data.

Idaho Strategic Resources is incorporated in Idaho and is engaged in the gold and silver ores industry. Its common stock trades on the NYSE American under the symbol IDR. This information is based on a press release statement and the company’s SEC filing.

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