---
schema_version: "secwatch.filing_event.v1"
accession: "0001052918-21-000388"
form_type: "8-K"
ticker: "IDR"
cik: "0001030192"
company_name: "Idaho Strategic Resources, Inc."
filed_at: "2021-11-17T23:59:59+00:00"
generated_at: "2026-06-28T07:15:49.464394+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# New Jersey Mining closes $600K private placement at $0.40/unit with one investor

## Summary
- 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.

## SEC filing metadata
- accession: 0001052918-21-000388
- form_type: 8-K
- ticker: IDR
- cik: 0001030192
- company_name: Idaho Strategic Resources, Inc.
- filed_at: 2021-11-17T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1030192/000105291821000388/0001052918-21-000388-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1030192/000105291821000388/njmc8knov16-21.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001052918-21-000388
- JSON: https://secwatch.observer/filing/0001052918-21-000388.json
- Plain text: https://secwatch.observer/filing/0001052918-21-000388.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.