PodcastMining Stock DailyOctober 14, 2026
Idaho Strategic Resources CEO John Swallow on Funding Growth Without Dilution
Idaho Strategic is funding mill construction, mine expansion, and rare earth exploration entirely from mine cash flow, avoiding share dilution.
- Self-funded growth model: Idaho Strategic funds ~$8 million of 2025-26 exploration drilling entirely from Golden Chest Mine cash flow, keeping shares outstanding at just 15.8 million with $70 million cash.
- Production ramp plan: Golden Chest produced 12,538 oz gold in 2025; company targets 20,000 oz/year by 2028 by shifting mining into the higher-grade Paymaster/Jumbo vein area using longhole stoping.
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