Cover - USD ($) |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2021 |
Mar. 01, 2022 |
Jun. 30, 2021 |
|
| Cover [Abstract] | |||
| Entity Registrant Name | IDAHO STRATEGIC RESOURCES, INC. | ||
| Entity Central Index Key | 0001030192 | ||
| Document Type | 10-K/A | ||
| Amendment Flag | true | ||
| Entity Voluntary Filers | No | ||
| Current Fiscal Year End Date | --12-31 | ||
| Entity Well Known Seasoned Issuer | No | ||
| Entity Small Business | true | ||
| Entity Shell Company | false | ||
| Entity Emerging Growth Company | false | ||
| Entity Current Reporting Status | Yes | ||
| Document Period End Date | Dec. 31, 2021 | ||
| Entity Filer Category | Non-accelerated Filer | ||
| Document Fiscal Period Focus | FY | ||
| Document Fiscal Year Focus | 2021 | ||
| Entity Common Stock Shares Outstanding | 11,309,160 | ||
| Entity Public Float | $ 39,775,500 | ||
| Document Annual Report | true | ||
| Document Transition Report | false | ||
| Entity File Number | 000-28837 | ||
| Entity Incorporation State Country Code | ID | ||
| Entity Tax Identification Number | 82-0490295 | ||
| Entity Address Address Line 1 | 201 N. Third Street | ||
| Entity Address City Or Town | Coeur d’Alene | ||
| Entity Address Postal Zip Code | 83814 | ||
| City Area Code | 208 | ||
| Auditor Name | Assure CPA, LLC | ||
| Auditor Location | Spokane, Washington | ||
| Auditor Firm Id | 444 | ||
| Local Phone Number | 625-9001 | ||
| Security 12b Title | Common Stock, $0.00 par value | ||
| Trading Symbol | IDR | ||
| Security Exchange Name | NYSE | ||
| Entity Interactive Data Current | Yes | ||
| Entity Address State Or Province | ID | ||
| Amendment Description | We are filing this Amendment No. 1 on Form 10-K/A, or this Amendment, to our Annual Report on Form 10-K for the fiscal year ended December 31, 2021, for the purpose of reporting the information required by Items 1300 through 1305 of Regulation S-K for our mining properties under Item 2 of Part I, revising our reporting under Item 7, Part II of Form 10-K, and correcting our name in our auditor’s audit report in Item 8 of Part II. Our Annual Report on Form 10-K, or the Original Filing, was originally filed with the Securities and Exchange Commission, or the SEC, on March 31, 2022. Item 2 of Part I of Form 10-K is reorganized and includes additional disclosures and clarifications related to our properties as prescribed by Items 1300 through 1305 of Regulation S-K. Item 7 of Part II includes further details related to our increase in revenues and gross profits. Item 8 of Part II has been corrected to state our name, Idaho Strategic Resources Inc., rather than our former name, New Jersey Mining Company. And, we have included a Technical Report Summary that is attached as Exhibit 96.1 in Item 15 of Part IV. Pursuant to the SEC rules, Item 15 of Part IV has also been amended to contain the currently dated certificates from the Company’s principal executive officer and principal financial officer pursuant to Sections 302, 303, and 308 of the Sarbanes-Oxley Act of 2002. The certificates of the Company’s principal executive officer and principal financial officer are attached to this Amendment as Exhibits 31.1, 31.2, 31.3 and 31.4. Other than with respect to the information contained herein with respect to Item 2 of Part I, Item 7 of Part II, and Item 8 of Part II, below, this Amendment does not change any of the information contained in the Original Filing. Other than as specifically set forth herein, we have not updated or amended the disclosures contained in the Original Filing to reflect events that have occurred since the date thereof. Accordingly, this Amendment should be read in conjunction with our Original Filing. Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Original Filing. |