NJMC - NJMC STOCK NEWS

Idaho Strategic Resources (OTCQB:NJMC) has received approval to list its common stock on the NYSE American, with trading expected to start on March 11, 2022, under the ticker symbol IDR. This transition will see the company cease trading on OTC Markets, requiring no action from shareholders. Company officials expressed optimism about the NYSE platform supporting growth, highlighting the integration of rare earth elements and gold production in their strategy. The firm notably owns significant land in Idaho's mining region and participates in national REE initiatives.

Idaho Strategic Resources (OTCQB:NJMC) announced plans to expand underground development at the Klondike Shoot of the Golden Chest Mine following successful drilling results. The company closed a $2.7 million oversubscribed private placement to fund this development and advance the Diamond Creek Rare Earth Element project. A budget of approximately $1 million has been set for the 2022 drilling program at Diamond Creek. Significant high-grade gold intercepts were reported, including 31.7 g/t gold over 0.8 meters. The company aims for 20,000 ounces of annual gold production.

Idaho Strategic Resources (OTCQB:NJMC) has released a positive update on its 2021 drilling program at the Golden Chest mine. A highlight includes drilling results from hole GC 21-186, which intercepted 16.4 g/t gold over 1.2 meters. The drilling successfully advanced the Paymaster area towards pre-development, with 25 diamond core holes totaling 6,602 meters drilled throughout the year. The company is enhancing resource planning and will continue its exploration efforts in 2022, focusing on the Klondike area.

Idaho Strategic Resources (OTCQB:NJMC) announces the appointment of Rich Beaven, CFA, as an independent board member. Beaven, the Lead Portfolio Manager at Signia Capital, brings extensive experience from a $2B asset management firm. CEO John Swallow emphasizes Beaven's resilience and analytical skills, aligning with their value-added board approach. Beaven expressed enthusiasm about joining the company, acknowledging its growth potential in gold production and rare earth assets. Idaho Strategic, based in Idaho, focuses on gold mining and U.S. critical minerals.

Idaho Strategic Resources, Inc. (OTCQB:NJMC) announced new exploration results from its 2021 drill program at the Golden Chest mine. Key highlights include:

• GC 21-208: 20.66 g/t gold over 1.3 meters and 29.64 g/t gold over 2.7 meters, featuring a peak of 793 g/t Au over 0.1 meters.
• GC 21-209: 1.06 g/t gold over 50 meters, with higher-grade intervals including 4.79 g/t over 7.3 meters.

The company plans further drilling to expand resource estimates and production options, building on the successful 2021 program.

New Jersey Mining Company (OTCQB:NJMCD) has completed a 1-for-14 reverse stock split and officially changed its name to Idaho Strategic Resources, Inc., effective December 6, 2021. The post-split trading will continue under the symbol NJMCD for 20 days before reverting to NJMC. The reverse split reduces outstanding shares from approximately 150.6 million to about 10.7 million. CEO John Swallow highlighted ongoing initiatives to up-list to the NYSE American and the company's focus on gold production and rare earth elements as key areas for growth.

New Jersey Mining Company (OTCQB:NJMC) announced the closing of a $600,000 private placement with a long-term investor on November 12, 2021. The funds will primarily enhance inventory redundancy to mitigate supply chain risks affecting operations. CEO John Swallow highlighted plans for operational advancements, including adding a new Purchasing/Inventory Manager role to improve efficiency. Each unit in the placement consists of one share of restricted common stock and a warrant, exercisable at $0.50 for 24 months. NJMC aims to list on NYSE Amex, reflecting its Idaho-based operations.

New Jersey Mining Company (OTCQB:NJMC) reported significant operational advancements in Q3 2021, achieving revenues of $2,098,849, up from $1,556,070 in Q3 2020, due to higher gold grades and production. Gross profit also increased to $278,010 compared to $107,237 year-over-year. Core drilling yielded high-grade gold intercepts, with the best results in company history. However, the company posted a net loss of $237,761, attributed to increased exploration activities. The company is advancing its Rare Earth Element projects, emphasizing domestic sourcing amidst rising national interest.

New Jersey Mining Co. (OTCQB:NJMC) has issued a President's Letter to Shareholders, highlighting its strategic positioning in gold production and rare earth elements. The company plans to evolve its identity to Idaho Strategic Resources and aims for 20,000 oz/year gold production, along with an up-listing to NYSE Amex. NJMC emphasizes the importance of jurisdiction and its established operations in Idaho. The letter reflects ongoing changes in the market and the company's commitment to adapt, ensuring they remain aligned with the demands for low-carbon materials.