Idaho Strategic Resources Inc.

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 [...]

Idaho Strategic Resources is announcing that on 12/15/22 it submitted a non-binding proposal to WWR management to acquire all of the outstanding shares of common stock of Westwater Resources . The non-binding proposal was accompanied by a short presentation outlining potential terms and the anticipated benefits of such a business combination. The proposal was declined via email by Westwater's Executive Chairman, on [...]

Idaho Strategic Resources is pleased to announce its increased land holdings, within the Idaho Rare Earth Element-Thorium Belt, to over 11,000 acres, thus solidifying its place as the 2nd largest Rare Earth Element land-holding Company in the U.S. Early-day Cold War prospectors helped define the Idaho REE-Th Belt through participation in a nation-wide energy search for both uranium and thorium which was overseen by the [...]

Idaho Strategic Resources is pleased to provide the following President's Letter to Stakeholders. To the Stakeholders of Idaho Strategic Resources, In times like these, there is a tendency both as an investor and employee of an operating company to place a disproportional level of importance on macro events, which can cause one to lose sight of the fact that the ensuing opportunities only prove valuable to the [...]

Idaho Strategic Resources Inc. today announced its consolidated operating and financial results for the third quarter of 2022. The results are inclusive of the Company's planned expansion of its critical minerals holdings, the initiation of its first Rare Earth Element drill program, the advancement of the expansion of the New Jersey Mill tailings storage facility, and an updated mine plan and cost structure. Idaho [...]

Idaho Strategic Resources is pleased to provide highlights from its latest Paymaster hole, GC 22-224. The goal of the latest holes in this area between the Paymaster and Joe Dandy Shoots of the Golden Chest is to test the potential of 'connecting' the two shoots at the 800-Level underground and defining additional gold resources. The "800-Level" is of specific importance given it is also the level of current underground [...]