other material
confidence high
sentiment positive
materiality 0.65
New Jersey Mining completes 1-for-14 reverse stock split and name change to Idaho Strategic Resources
Idaho Strategic Resources, Inc.
- Reverse stock split at 1-for-14 ratio effective December 6, 2021; shares reduced from ~150.6M to ~10.7M.
- Name changed to Idaho Strategic Resources, Inc.; will trade on OTCQB under NJMCD for 20 days then revert to NJMC.
- CEO John Swallow states next steps include up-listing to NYSE American and pursuing rare earth element opportunities.
- No fractional shares; any fractional interest will be rounded up to the nearest whole share.
- Shareholders holding through brokers have shares automatically adjusted; no action required.