Each one in plain English, with the numbers worked through for a shareholder.
9 June 2022material agreement▲ GoodMajor
Set up an at-the-market equity sales facility with Roth Capital Partners to sell up to $10 million of stock over time as needed. Now trading as Idaho Strategic Resources on NYSE American under ticker IDR, reflecting the company's rebrand and uplisting from the OTC market since its Golden Chest turnaround.
This is a correction to the February 2022 report of the $2.7 million private placement: a typo had misstated the number of shares sold, and the right figure is 360,134 restricted shares at $7.50 each (US$2,701,000, no warrants). The amendment changes nothing else; the money is still earmarked, in part, to roughly double the rare earth drill program and to develop the Klondike area at Golden Chest.
15 Feb 2022capital raising announcement▲ GoodMajor
Raised $2.7 million (at $7.50/share) to roughly double the Diamond Creek rare-earth drill program and fund underground development of the Klondike area at Golden Chest, which management expects could double the mine's production.
Idaho Strategic Resources, Inc. Vice President Grant A Brackebusch acquired 17,619 shares and disposed of 17,857 in a set of related equity transactions.
18 Oct 2021capital raising announcement▲ GoodMajor
Raised $1.98 million to fund a 10-hole drill program at the Diamond Creek rare-earth-element property and equipment upgrades at Golden Chest - the earliest cached mention of the company's rare-earth-element exploration effort.
Bought 508 acres of patented claims (McComber Gulch, aka "Ward Land West") in Shoshone County for $1.699 million, funded by $1.75 million in new 8%-interest convertible notes from eleven investors maturing in three years - continuing the same land-plus-debt pattern as the 2020 Ward Land purchase.