secwatch.observer — SEC 8-K summary
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Issuer:     Idaho Strategic Resources, Inc. (IDR)
CIK:        0001030192
Form:       8-K
Filed at:   2022-02-15T23:59:59+00:00
Accession:  0001052918-22-000027
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1030192/000105291822000027/0001052918-22-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1030192/000105291822000027/njmc8kfeb15-22.htm
  HTML page:      https://secwatch.observer/filing/0001052918-22-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer