Idaho Strategic Resources Inc. is pleased to announce that Rich Beaven, CFA has joined as an independent board member. Mr. Beaven is Lead Portfolio Manager and Principal at Signia Capital. Signia is a small-cap value asset manager with a largely institutional client base. Prior to co-founding Signia Capital Management in 2002, Rich was the Assistant Director of Research and a Portfolio Manager for a $2B Pacific Northwest [...]
Idaho Strategic Resources Inc. is pleased to provide the latest exploration results from the Company's 2021 drill program at the Golden Chest mine. These recent results come from drill holes GC 21-208 and GC 21-209 in the Klondike area, located north of current underground operations in the Skookum. These latest intercept highlights below are reported in grams of gold per tonne and in drilled thickness, as vein [...]
Idaho Strategic Resources Inc. is pleased to provide the following Letter to Shareholders from President & CEO John Swallow: As Will Rogers said, "Even if you are on the right track, you'll get run over if you just sit there." At Idaho Strategic, we view taking personal ownership as not only a choice, but also a competitive advantage. With our reverse split and name change in the rear-view mirror and up-listing to the [...]
Idaho Strategic Resources Inc. is pleased to provide the most recent exploration results from the Company's 2021 drill program at the Golden Chest mine. These new results come from drill hole GC 21-207 in the Klondike area, and from drill hole GC 21-189 completed in the Paymaster area. The Klondike and Paymaster are located to the north and south, respectively, of current underground operations in the Skookum. Our [...]
New Jersey Mining Company is pleased to announce it has completed the FINRA corporate actions and steps required to effect the reverse stock split of its common stock at a ratio of 1-for-14, as previously approved by shareholders. The Company also received approval to change its name to Idaho Strategic Resources, also approved by shareholders. The Company's stock will begin trading on a post-split basis and under the new [...]
New Jersey Mining Company is pleased to announce it has closed a $600,000 private placement from one long-term investor. NJMC CEO and President John Swallow stated, "Proceeds from the private placement will be used, in part, to build needed redundancy in critical and important inventory that could adversely impact operations at the mill and the mine. Increased lack of predictability in supply chains has greatly extended [...]
New Jersey Mining Company today announced its consolidated operating and financial results for the third quarter of 2021. The full version of the Company's interim unaudited consolidated financial statements and management's discussion and analysis can be viewed on the Company's web site, and EDGAR. All amounts are expressed in U.S. dollars unless otherwise specified. NJMC President and CEO, John Swallow stated, "We have [...]
New Jersey Mining Co. is pleased to distribute this President's Letter to Shareholders. I believe it was C.S. Lewis who once said, "When the whole world is running towards a cliff, he who is running in the opposite direction appears to have lost his mind." In preparing for this letter, I ran across the C.S. Lewis quote included above and felt it embodied the path of a small company that was early to the game while the [...]
New Jersey Mining Company is pleased to announce it has closed a $1.98 million private placement from 13 investors. Proceeds from the private placement will be used for a 10-hole core drilling program on the Company's Diamond Creek Rare Earth Element property and for the purchase of and down payments on equipment upgrades expected to result in increased gold production from the Skookum in the near-term. This equipment may [...]
New Jersey Mining Company is pleased to release a comprehensive year-to-date update from its on-going 2021 core drill program at the Golden Chest mine. Most of the drilling targeted exploration and pre-development in areas lying to the north and south of current underground mining operations. The areas of focus include the Joe Dandy and Paymaster located south, and the Klondike located north of existing infrastructure in [...]
New Jersey Mining Company is excited to announce their latest assay results from the ongoing core drilling program at the Golden Chest mine. These recent gold intercepts lie within the Klondike area and come from drill hole GC 21-205. GC 21-205 is the third diamond drill hole completed in the Klondike to show highly favorable results in what is quickly developing into an extensive mineral system. NJMC will continue with [...]
New Jersey Mining Company today announced it will seek shareholder approval for a name change and reverse stock split to meet the share price requirements of the NYSE American Exchange. NJMC President and CEO John Swallow stated, "Following a considerable amount of thought and feedback, I/we feel the time is right for New Jersey Mining Company to seek a listing on a higher exchange, specifically the NYSE American [...]
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