secwatch.observer — SEC 8-K summary
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Issuer:     Idaho Strategic Resources, Inc. (IDR)
CIK:        0001030192
Form:       8-K/A
Filed at:   2022-04-22T23:59:59+00:00
Accession:  0001654954-22-005273
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1030192/000165495422005273/0001654954-22-005273-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1030192/000165495422005273/njmc_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-005273

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