Business Context and Reporting Period
This Form 8-K is filed by Idaho Strategic Resources, Inc. (IDR) on June 3, 2026, with the report signed on June 8, 2026. The filing addresses a change in the Company's independent registered public accounting firm.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance regarding the audit firm.
Material Changes
- Resignation of Prior Auditor: Assure CPA, LLC resigned as the independent registered public accounting firm on June 3, 2026, following its merger into Sadler, Gibb & Associates, LLC.
- Engagement of New Auditor: The Audit Committee approved the engagement of Sadler, Gibb & Associates, LLC as the new independent registered public accounting firm for the fiscal year ending December 31, 2026, on June 5, 2026.
- Audit History: Audit reports for fiscal years ended December 31, 2024, and December 31, 2025, issued by Assure CPA, LLC, contained no adverse opinions, disclaimers, or qualifications.
- Disagreements: There were no disagreements or "reportable events" with the former auditor during the relevant periods.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding business operations. The primary risk disclosed is the transition of the audit firm, which was approved by the Audit Committee and confirmed by the former auditor's letter (Exhibit 16.1).
Investor Verification Checklist
- Verify the transition timeline between Assure CPA, LLC and Sadler, Gibb & Associates, LLC.
- Review Exhibit 16.1 (Letter from Assure CPA, LLC) to confirm their agreement with the Company's disclosures.
- Confirm that the new auditor, Sadler, Gibb & Associates, LLC, has no prior undisclosed consultations with the Company regarding accounting principles.
- Monitor future filings for the first audit report issued by the new firm for the fiscal year ending December 31, 2026.