other material
confidence high
sentiment positive
materiality 0.60
New Jersey Mining closes $600K private placement at $0.40/unit with one investor
Idaho Strategic Resources, Inc.
- Raised $600,000 from one investor through sale of 1,500,000 units at $0.40/unit, each unit one share and one-half warrant.
- Warrants exercisable at $0.50/share for 2 years; total of 750,000 warrants issued.
- Proceeds to build inventory redundancy for mill/mine operations and support REE project advancement.
- Company added Purchasing/Inventory Manager role to manage scaling operations as it transitions to next level.