Happy Holidays to You and Your Family

Happy Holidays from the ISR Capital Team

ISR Capital would like to wish you and your family a happy and healthy 2015.

We at ISR Capital have had a busy and productive 2014 with lots to celebrate in the upcoming year. We would like to thank all of our friends, families and partners for another successful year. May everyone have a prosperous 2015.


Blue-Ribbon Success; Industrial Garnet Mine Reaches Full-Scale Operations—A First of its Kind in 20 Years

Idaho State Gold Company and GMA Garnet Group meet at GUSA

View Official Press Release

Idaho State Gold Company (ISGC) awakens garnet mine in Montana to full-scale mining operations and a promising sustainable future. Garnet USA (GUSA), is an industrial hard rock garnet mine site located in Alder, Montana. Before 2012 the GUSA property lay dormant, up until Idaho State Gold Company asserted ownership in the project. In just short of two years, ISGC did the seemingly impossible–fully funded, permitted and brought the garnet mine into production. This feat is the first of its kind in 20 years. ISGC has turned Garnet USA into a success while improving regional productivity and job creation in the State of Montana. Idaho State Gold Company CEO, Sima Muroff, stated, “We are excited to be generating a project that creates sustainable long term jobs for the State of Montana and Madison County.”

With a working mine life of over 40 years, Garnet USA is assured to remain a success. However, If it wasn’t for the determination and hard work of the Idaho State Gold Company Staff, the GUSA project would have remained unrealized. Greg Hildebrand, Environmental Permitting Manager for ISGC had this to say about the garnet project, “It’s gratifying to see the hard work of ISGC be rewarded with the publication of the Final EIS and associated Record of Decision.” Garnet USA would have never been awarded an operating permit if not for the EIS (Environmental Impact Statement) and ROD (Record of Decision). These two permits were issued by Montana Department of Environmental Quality.

Earlier in the year, Idaho State Gold Company closed a 225 million dollar joint venture with GMA Garnet Group in the Garnet USA mine (1). GMA Garnet Group, based in Perth, Australia is one of the world’s leaders in industrial garnet production and distribution. GMA obtains abundant knowledge within the global abrasives industry and is handling all mining operations for Garnet USA.

Idaho State Gold Company, based in Boise, Idaho, is a small team of individuals with an attention to promotion of economic growth, improved regional productivity and job creation. Through a combined effort of ISGC and GMA Garnet Group, Garnet USA is currently producing abrasives for blasting media worldwide on a daily basis. ISGC plans to re-use their model of success throughout other mining ventures in the states of Montana and Idaho. Idaho State Gold Company CEO, Sima Muroff quotes, “we will invest, build, and permit significant mines in our region to create sustainable jobs and generate high value through robust returns and cash flow.”

1. Garnet USA Closes $225 Million JV with GMA Garnet Group in the industrial Garnet Mine Located in Alder, MT. http://www.prweb.com/releases/GarnetUSA/ISRCapital/prweb11691228.htm

Additional information:
1. http://garnet-usa.com/
2. http://www.garnetsales.com/
3. http://idahostateregionalcenter.com/

Garnet USA Ribbon Cutting

Garnet USA (GUSA) Officially Opens it’s doors to mining. Sima Muroff and the ISR Capital team join GUSA to celebrate the good news. Take a look at some of the highlights below.

Garnet USA is making Product

Garnet USA (GUSA) is finally mining Hard Rock Garnet from the ground. Take a look at the ruby red results.

Garnet USA closes $225 million JV with GMA Garnet Group in the industrial garnet mine located in Alder, MT

Sima Muroff ISRCapital Signs Deal with GMA for Garnet USA

View Official Press Release

Today, Garnet USA (“GUSA”) signed definitive documentation to close an equity investment for an undisclosed amount (“Transaction”) by GMA Garnet Group. GMA Garnet Group, based in Perth, Australia is one of the world’s leaders in industrial garnet production and distribution. Garnet USA is an entity owned by Idaho State Gold Company, which is managed by ISR Capital based in Boise, Idaho.

Garnet USA announced earlier this week that its industrial garnet mine in Alder, MT has received a formal Record of Decision (“ROD”) signed by the DEQ director. ISR Capital Engineer Brian Jackson quotes “This permit for an open pit garnet mine from the Montana DEQ is the first of its kind in the state.”

ISR Capital CEO Sima Muroff quotes “GMA Garnet Group is an innovative leader in the Global abrasives industry. We are very excited to have them as our partner, as well as create sustainable long term jobs for the State of Montana and Madison County.”

Mr. Muroff added “ISR Capital will continue to confirm its commitment to this industry. We will invest, build, and permit significant mines in our region to create sustainable jobs and generate high value through robust returns and cash flow.”

GMA Group Deputy CEO & GMA USA President Rod Liebeck quoted “GMA is pleased to participate in a historic moment for the garnet industry with the development of this garnet mine in the State of Montana. GMA is committed to the USA as one of the largest developing garnet markets in the world.”

Mr. Liebeck added “GMA is appreciative of the support from the State of Montana in permitting a long term project with a mine life of over 40 years.”

Roth Capital Partners LLC acted as financial advisor for this Transaction.

Governor of Idaho visits ISRCapital

Governor C.L. “Butch” Otter visited the ISR Capital office on March 12 for consultations ahead of the spring trade mission tour to Asia. The dates for this year’s mission are April 19-27, 2013.

ISR Capital will be among the companies representing the state of Idaho, visiting three key cities that present strong export opportunities for Idaho companies – Seoul, Korea; Taipei, Taiwan; and Ho Chi Minh City, Vietnam. The mission is being coordinated through the Idaho Department of Commerce, in consultation with the Office of the Governor.

ISRCapital Hosts Group From China

April 19, 2012 — This week ISR Capital hosted a group of 10 potential investors from China. The group arrived on April 17th and they were given a high level tour of Idaho including the state capital, the Payette River and a wide selection of fine dining. The group spent the night in McCall where they were able to take in the idyllic scenery of snow covered mountains and the Payette Lake.

The following day the group delighted in a morning at Del Sol Spa and afternoon horseback riding at Trina Mcgown’s Performance Horses in Boise. The evening concluded with a night of great food and karaoke at Boise’s Twin Dragon restaurant on Fairview. The group had a fantastic visit and many expressed interest in one day moving to Boise with their families.


ISR Capital hosted the group to build interest in Idaho State offerings in hopes that the group would invest in creating new sustainable jobs in the state. ISR Capital offers lending programs for investment in mining and real estate in Idaho and neighboring states. For more information on terms and conditions please visit our site at http://www.isrcapital.com/services/.

ISRCapital Sponsors Boise Real Estate Summit

The 2012 Boise Real Estate Summit was held Thursday 2.9.12 at the Grove Convention Center. Speakers included Mayor of Boise, Dave Bieter as well as the Ada County Assessor, Robert McQuade. The Summit was focused on the current status of the 2012  real estate economy as well as projections for the future.

ISRCapital attended and sponsored this event in an effort to gain some insight into the coming year and how it will effect our local economy and opportunities.  ISRCapital offers lending programs for investment real estate in Idaho as well as neighboring states. For more information on terms and conditions, please visit our site at http://www.isrcapital.com/services/.


ISRCapital celebrated it’s official grand opening by hosting an open house party on 1.28.12.  This party was hosted by the ISRcapital team in an effort to say Thank you to all those that have supported and worked with the team over the last year and pay tribute to honored guests Jason Blatt, Raymond Ku and his family. The party was themed around the recently celebrated Chinese New Year, Year of the Dragon. The year of the dragon represents good fortune and success for the coming year. ISRCapital took this theme to heart when planning the open house.

Special guests included Lt. Governor Brad Little, Damien Bard from the Dept. of Commerce, Dave Turner from Knife River as well as all our other guests.

Thanks to all that made it, your support means everything to the team. We look forward to a great year ahead of us, building and maintaining  relationships and continuing the success of ISRCapital.

Below are some of our favorite pictures from the party. Hope you enjoy as well.

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