Idaho Strategic Resources ($IDR) is a small gold producer with a big twist: it operates the Golden Chest Mine while holding the largest rare earth element (REE) land package in the U.S. In this episode, we unpack how the company uses gold production and its own mill to self-fund aggressive REE exploration, the strategic appeal of domestic critical-minerals exposure, and the promise of a hybrid business model that mixes steady cash generation with high-upside resource potential. We also dig into the downsides: reliance on a single mine, rising operating costs and commodity volatility, long permitting timelines for REE projects, and the danger of being a generalist stuck between larger, specialized competitors. Is Idaho Strategic a cleverly diversified junior with real upside in a geopolitically urgent market, or a small operator spreading itself too thin?

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