Business
Idaho Strategic Resources Provides 2022 Year in Review, Including Record 4th Quarter Revenue in Excess of $3m
COEUR D'ALENE, ID / ACCESSWIRE / January 3, 2023 / Idaho Strategic Resources (NYSE American:IDR) ("IDR" or the "Company") is pleased to provide the following re
About this update from Idaho Strategic Resources, Inc.
[{"type":"text","content":" COEUR D'ALENE, ID / ACCESSWIRE / January 3, 2023 / Idaho Strategic Resources (NYSE American:IDR) (\"IDR\" or the \"Company\") is pleased to provide the following review of 2022 and objectives for 2023. Corporate Developments Early in 2022 Idaho Strategic added Rich Beaven to its Board of Directors and completed its up listing onto the New York Stock Exchange American in March. In celebration of IDR's up listing, the company rang the opening bell of the NYSE from underground at the Golden Chest Mine, becoming the first company in history to do so. Following the up listing, Idaho Strategic's management participated in the \"Idaho Mining, Critical Minerals, and Water Resources\" panel discussion in Boise, ID, appeared as a guest on the Planet MicroCap Due Diligence Podcast, and attended the 18th Annual International Rare Earth Elements Conference. The panel, the podcast, and the conference were all indicative of the growing interest in domestic critical minerals, namely rare earth elements, amongst nontraditional stakeholders within the mining industry. IDR's operating history, proven track record of stewardship, and willingness to give all stakeholders a seat-at-the-table has proven to be both appreciated and beneficial (Figure 1). Throughout 2022 there were several announcements/executive orders/bills proposed to President Biden and the U.S. Government with the goal of showing support for domestic critical mineral production in order to reduce the U.S.' reliance on foreign sources. The most notable of which were the Inflation Reduction Act, the recent expansion of the Defense Production Act, the Thorium Energy Security Act, the 2023 Omnibus Appropriations Bill, and the Industrial Base Policy Consortium. While many of these have been aimed at the processing and permitting of domestic critical minerals, the shift toward domestic mining has begun. IDR continues to advance its Diamond Creek, Roberts, and Lemhi Pass rare earth elements projects and continued expanding its partnerships with local stakeholders like Idaho National Labs, the University of Idaho, and the Idaho Geological Survey to potentially appeal to larger Government programs. At the closing of 2022, IDR also announced a business combination proposal to Westwater Resources' Stakeholders. For a more comprehensive overview of IDR's offer, please read our press release da...