Idaho Strategic Resources reports Q3 net loss $1.9M; revenue down 17% YoY; guides Q4 rev $2.5-2.7M

Idaho Strategic Resources, Inc.

Q3 revenue $1.745M vs $2.099M YoY; gross loss $228,760; net loss $1.909M vs $238K loss prior year.
Processed 10,024 dmt at 4.59 gpt head grade, 89.8% recovery; 354 more oz YTD than 2021.
Q4 revenue guidance $2.5-2.7M; management expects improvement after cost structure adjustments.
Initiated first REE drill program at Diamond Creek; Murray Gold Belt drilling discovered new gold zone (AG22-2: 0.566 g/t over 24m).
Tailings facility expansion completed, providing ~4 yrs capacity; paste backfill could extend to 7 yrs.

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