Idaho Strategic Resources raises $2.7M via private placement at $7.50/share

Idaho Strategic Resources, Inc.

Total of 360,134 restricted common shares sold at $7.50 each for $2,701,000 in a non-brokered private placement.
Proceeds will double the rare earth element drill program and fund Klondike area underground mine development.
Management expects Klondike to roughly double production from the Golden Chest Mine once fully completed.
No warrants issued; exemption claimed under Rule 506(b) of Regulation D and Regulation S for foreign subscriber.

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