Idaho Strategic Resources (IDR) said Thursday it has acquired the Toboggan project in the Murray Gold Belt in northern Idaho from Hecla Silver Valley, a unit of Hecla Mining (HL).

The acquisition terms include $300,000 cash payment and a 1% net smelter royalty retained by it on portions of the project not previously owned by Idaho, the company said.

The land package comprises 143.5 acres of patented mining claims and numerous adjacent unpatented mineral claims, it said.

Price: 16.32, Change: -0.22, Percent Change: -1.36