Idaho Strategic Resources: Additions to its Board of Directors – Form 8-K

Idaho Strategic Resources expands its board of directors

COEUR D’ALENE, Idaho, Jan. 12, 2022 (ACCESSWIRE) — Idaho Strategic Resources, Inc. (OTCQB: NJMC) (“IDR”, “Idaho Strategic” or the “Company”) is pleased to announce that Rich Beaven, CFA joined as an independent board member.

Mr. Beaven is a Senior Portfolio Manager and Director at Signia Capital. Signia is a small-cap value asset manager with a largely institutional (pension fund) client base. Prior to co-founding Signia Capital Management in 2002, Rich was associate director of research and portfolio manager for a $2 billion asset management firm Pacific Northwest. With blue-collar roots, Rich went on to earn a BA in Business Administration from the University of Kentucky and an MBA from Gonzaga University. In addition, he is a CFA charterholder and past president of the CFA Society of Spokane.

“I have known Rich professionally for some time and his resilience and track record in the small cap space, as well as in-depth analysis of individual companies and various components of the value chain is impressive,” said John Swallow, President and Chief Strategic Officer of Idaho. “Rich’s relative background and experience are complementary in pursuing our ‘travel light/travel far, value-added’ approach to board composition. I believe Rich is the right person at the right time and I know I can speak for Grant and Kevin when I say we’re really looking forward to working together.”

Rich Beaven added, “I am very excited to join the Idaho Strategic Resources Board of Directors in 2022. John and the team have successfully built a remarkable gold producer from the ground up. Additionally, the company has substantial growth prospects with respect to increasing gold production while continuing to develop the company’s rare earth assets. It is truly an honor to be a member of the Idaho Strategic Resource Team.

On Idaho Strategic Resources, Inc.

Idaho-domiciled and based in the North Idaho Panhandle, Idaho Strategic Resources (IDR) is one of the few resource-based companies (public or private) with the officially recognized combination of national rare earth element properties. recognized in the United States (in Idaho) and Idaho gold located in an established mining community.

Idaho Strategic Resources produces gold at the Golden Chest mine located in the Murray Gold Belt (MGB) region of the world-class Coeur d’Alene mining district, north of the prolific Silver Valley. With over 5,000 acres of patented and unpatented land, the company has the largest private land position in the region following its consolidation of the Murray Gold Belt for the first time in over 100 years.

In addition to gold and gold production, the Company maintains a significant strategic presence in the US critical minerals sector, specifically focused on the most “at risk” rare earth elements (REE). The Company’s Diamond Creek and Roberts REE properties are included in

Idaho Strategic Resources, Inc. • 201 N. 3rd Street • Coeur d’Alene, Idaho 83814

US National REE Inventory Listed in USGS, IGS, and DOE Publications. Both projects are located in central Idaho and participate in the USGS Earth MRI program.

With an impressive blend of experience and dedication, the folks at IDR maintain a long-standing “We Live Here” approach to corporate culture, land management, and historic preservation. Additionally, we believe that successful operations begin with the increased accountability that only local oversight and a community mindset can provide. Its “everyone goes home at night” policy would not be possible without the multi-generational base of local exploration, drilling, mining, machining and business professionals who reside in and near communities in the Silver Valley and northern Idaho.

For more information on Idaho’s strategic resources, visit www.idahostrategic.com or call:

Monique Hayes, Corporate Secretary/Investor Relations

Email: [email protected]

(208) 625-9001

Forward-looking statements

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such rubrics. These statements are based on good faith assumptions that Idaho Strategic Resources believes are reasonable, but are subject to a wide range of business risks and uncertainties that could cause actual results to differ materially from any future results expressed, projected or implied by these forward-looking statements. research statements. These factors include, among others: the risk that the Company’s rare earth element projects may not progress, the impact of supply chain risks and increased operational requirements as inventories increase. ; increased risk associated with production activities occurring without completion of a mineral reserve feasibility study demonstrating economic and technical viability; environmental risks, industrial accidents, weather or geological conditions; changes in gold and silver market prices and the potential impact on earnings of changes in the gold market price and cash costs; a sustainably low price environment; risks related to generalized epidemics or pandemic outbreaks, including the COVID-19 pandemic; the potential impact of COVID-19 on our workforce, suppliers and other essential resources, including our ability to access goods and supplies, the ability to transport our products and maintain employee productivity; risks to the Company’s operations, cash flows and results related to the unknown duration and impact of the COVID-19 pandemic; as well as other uncertainties and risk factors. Actual results, developments and timelines could differ materially from the estimates presented. Readers are cautioned not to place undue reliance on forward-looking statements. Idaho Strategic Resources disclaims any intention or obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise.

Idaho Strategic Resources, Inc. Ÿ 201 N. 3rd Rue Ÿ Coeur d’Alene, Idaho 83814

Comments are closed.