Idaho Strategic closes $2.7M private placement; expands rare earth and gold programs

Idaho Strategic Resources, Inc.

Closed $2.7M oversubscribed non-brokered placement; 6,300 restricted shares at $7.50 each, no warrants.
Proceeds will roughly double the Diamond Creek Rare Earth drill program and fund Klondike underground development at Golden Chest Mine.
New Klondike drill intercepts: 0.74 g/t gold over 51.6 m incl. 11.8 g/t over 1.9 m in hole GC 21-207.
Management says Klondike expansion supports goal of 20,000 oz annual gold production from Golden Chest.
2022 Diamond Creek drill budget originally ~$1M; enhanced with placement funds, drilling expected mid-summer.

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