Idaho Strategic Resources Inc.

Idaho Strategic Resources is pleased to announce an exploration crosscut intercepted the "H-Vein" at the Golden Chest Mine on March 29th, cutting a strongly mineralized vein that assayed 32.1 grams per tonne gold over 0.43 meters on the northern rib and 54.1 gpt over 0.72 meters on the southern rib. Both samples represent true thickness. The H-Vein lies 60 meters west of the Idaho Vein at the 794 elevation in the [...]

Idaho Strategic Resources is pleased to provide the following President's Letter to Stakeholders: To the Stakeholders of Idaho Strategic Resources, IDR's corporate journey began when the world seemed less complicated and somewhat more certain, and I get the impression that many of us didn't fully appreciate those 'good times' for what they were. Now, aside from being part of the most telegraphed rising interest rate [...]

Idaho Strategic Resources Inc. announced its consolidated operating and financial results for the year ending December 31, 2022. Including a $603,650 net profit for the 4th quarter of 2022, and a 25.5% increase in revenue with a 218% increase in gross profit in 2022 compared to 2021. Idaho Strategic's CEO and President, John Swallow stated, "I am proud of the way the IDR team performed throughout 2022. It is typically a [...]

Idaho Strategic Resources is pleased to announce the discovery and sample results of 32 meters of Rare Earth Elements and Niobium mineralization across a drill pad at Diamond Creek. The mineralization was exposed at the surface providing the opportunity to be sampled and recorded during post-drilling reclamation efforts. Table 1, below, identifies each rare earth elements' individual assayed value contributing to the [...]

Westwater Resources Inc. for $1.36 per share due to the Board of Directors of Westwater's continued unwillingness to constructively engage in discussions around a potential combination. The proposal to build a new domestic critical minerals company represented a share price premium of approximately 73% to the last unaffected trading day for both companies prior to the business combination proposal announcement on December [...]

Idaho Strategic Resources is pleased to announce that it has continued its track record of consistent revenue growth and operating results with estimated top-line revenue and production for 2022 of $9.5 million and 6,000 ounces of gold production, representing a 24.5% increase in revenue and a 24.3% increase in ounces produced over 2021. Idaho Strategic President and CEO, John Swallow stated, "The top-line 2022 revenue [...]

Idaho Strategic Resources today sent the following letter to the Board of Directors of Westwater Resources Inc. regarding its preliminary business combination proposal to acquire all outstanding shares of Westwater at approximately $1.36 per share in IDR stock. *** Terence J. Cryan Executive Chairman 6950 S. Potomac Street, Suite 300 Centennial, Colorado 80112 January 25, 2023 Dear Terence and the other members of the WWR [...]

Idaho Strategic Resources is pleased to announce the locating of surface outcrops with greater than 4% Total Rare Earth Oxides during its 2022 exploration program at Lemhi Pass. In the well-studied Lemhi Pass District, previous state and federal agency work have shown maximum REE assay values as high as 2%. These new IDR sample results are significant because they essentially double the previously known upper end of assay [...]

Idaho Strategic Resources is pleased to announce its first drill results from the Diamond Creek REE Project in Lemhi County, Idaho. IDR's Vice President of Exploration, Rob Morgan commented, "In total we drilled 12 holes on an area representing less than half of our land position at Diamond Creek. These results far exceeded my expectations and I consider this drill program to be an overwhelming success. The results of [...]

Idaho Strategic Resources is pleased to provide the following review of 2022 and objectives for 2023. Corporate Developments: Early in 2022 Idaho Strategic added Rich Beaven to its Board of Directors and completed its up listing onto the New York Stock Exchange American in March. In celebration of IDR's up listing, the company rang the opening bell of the NYSE from underground at the Golden Chest Mine, becoming the first [...]