Sec Form 4 Filing - Beaven Richard Scott @ Idaho Strategic Resources, Inc. - 2025-07-21

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Beaven Richard Scott 2. Issuer Name and Ticker or Trading Symbol Idaho Strategic Resources, Inc. [ IDR] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 201 N 3RD ST 3. Date of Earliest Transaction (MM/DD/YY) 07/21/2025 (Street) COEUR D'ALENE, ID83814 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 07/21/2025 07/21/2025 M 5,000 ( 1 ) A $ 4.75 9,000 D Common Stock 07/21/2025 07/21/2025 M 2,500 ( 2 ) A $ 4.75 11,500 ( 2 ) D Common Stock 07/21/2025 07/21/2025 F 566 ( 2 ) D $ 20.98 10,934 ( 2 ) D Common Stock 07/21/2025 07/21/2025 M 3,000 ( 3 ) A $ 5.25 13,934 ( 3 ) D Common Stock 07/21/2025 07/21/2025 F 751 ( 3 ) D $ 20.98 13,183 ( 3 ) D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Stock Options $ 4.75 07/21/2025 07/21/2025 M 7,500 ( 1 ) ( 2 ) 09/28/2022 09/27/2025 Common Stock 7,500 $ 0 13,000 D Stock Options $ 5.25 07/21/2025 07/21/2025 M 3,000 ( 3 ) 09/06/2022 09/05/2025 Common Stock 3,000 $ 0 10,000 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Beaven Richard Scott 201 N 3RD ST COEUR D'ALENE, ID83814 X Signatures /s/ Richard S. Beaven 07/23/2025 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The Reporting Person exercised 5,000 stock options with and exercise price of $4.75. This is a partial exercise of the full grant of 7,500 stock options on 9/28/2022 pursuant to the Issuer's 2014 Equity Incentive Plan. The remaining 2,500 stock options were exercised cashless at the same time. ( 2 )Reflects 566 stock options retired by the Issuer at the market price of $20.98 per share, less an exercise price of $4.75 per share to fund the cashless exercise of 2,500 stock options owned by the Reporting Person pursuant to the Issuer's 2014 Equity Incentive Plan. ( 3 )Reflects 751 stock options retired by the Issuer at the market price of $20.98 per share, less an exercise price of $5.25 per share to fund the cashless exercise of 3,000 stock options owned by the Reporting Person pursuant to the Issuer's 2014 Equity Incentive Plan.

Remarks: With the exception of the first transaction in Table 1 above, which was a cash exercise of stock options, the transactions reported in Table I reflect the cashless exercise of stock options. The cashless exercise for each set of options is reported in two lines. The first line of the cashless exercise transaction is coded M in column 3 of Table I and reports in column 4 the number of shares issuable upon exercise of the options had cash been paid to exercise the options, together with the exercise price with code A for acquired. The line coded F in column 3 of Table I relates to the same cashless exercise on the preceding line and reports in column 4 the number of shares deducted from the total number of shares issuable to pay for the cashless exercise of such options with code D for disposed. The transactions reported in Table II above, reflect the disposition of the same stock options whose cashless exercise is disclosed in Table I above.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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