Idaho Strategic Resources, Inc. 8-K

What Happened

• Idaho Strategic Resources, Inc. (IDR) filed an 8-K reporting that Assure CPA, LLC resigned as the company’s independent registered public accounting firm after Assure merged into Sadler, Gibb & Associates, LLC (notice received June 3, 2026). The Audit Committee approved Assure’s resignation and the engagement of Sadler, Gibb & Associates, LLC on June 5, 2026.
• Assure CPA’s audit reports for the fiscal years ended December 31, 2024 and December 31, 2025 were unmodified (no adverse opinion, disclaimer, or qualification). The company reported no disagreements or “reportable events” with Assure for those years or through the interim period ended June 5, 2026. The company filed Assure’s letter dated June 5, 2026 as Exhibit 16.1.

Key Details

• Assure CPA, LLC ceased public accounting operations and resigned following an asset purchase/merger effective June 3, 2026.
• Audit Committee approved Sadler, Gibb & Associates, LLC as the new independent registered public accounting firm on June 5, 2026 for the fiscal year ending December 31, 2026.
• Assure’s audit reports for FY 2024 and FY 2025 were not qualified or modified; the company reported no disagreements or reportable events.
• The company and its representatives did not consult Sadler, Gibb & Associates on accounting or audit matters for 2024, 2025 or the interim period through June 5, 2026.

Why It Matters

• A change in the independent auditor is material because auditors provide assurance on financial statements. Here, the change resulted from Assure CPA’s merger and cessation of operations rather than a dispute—Assure’s past audits were unmodified and no disagreements were reported, which reduces immediate red flags for investors.
• Investors should note the new auditor (Sadler, Gibb & Associates) has been engaged for 2026; future filings will show the new auditor’s reports and any potential audit comments. The filing does not indicate accounting issues or restatements.