Business
New Jersey Mining Company Announces Grant of Stock Options
100,000 stock options to each employee - regardless of position COEUR D'ALENE, ID / ACCESSWIRE / February 10, 2021 / New Jersey Mining Company (OTCQB:NJMC) ("NJ
About this update from Idaho Strategic Resources, Inc.
[{"type":"text","content":" 100,000 stock options to each employee - regardless of position COEUR D'ALENE, ID / ACCESSWIRE / February 10, 2021 / New Jersey Mining Company (OTCQB:NJMC) (\"NJMC\" or the \"Company\") announces the grant of 4,200,000 stock options to employees and directors of the Company, pursuant to the terms of the Company's Stock Option Plan. The options are exercisable at $0.40 per share and expire three years from the date of grant. NJMC President and CEO John Swallow stated, \"The NJMC board of directors consciously made a decision to take a conservative approach during the last three consecutive years, awarding stock option grants to employees that work at the mine and mill, and deferring any grants to officers or directors. We feel that this conservative approach has supported our efforts to grow the company as we raised capital for asset acquisition, accelerated exploration and expanded underground operations. Based on this success and consistent with our desire to support employees as shareholders in the Company we are pleased to announce the grant of stock options to each of our employees - regardless of position. In addition to the stock options granted to employees of 100,000 options each, the board also approved a stock option grant to each Director or Officer that has not received stock options for the preceding three years of 200,000 options each. All stock options granted will be exercisable for a period of three years at an exercise price of $0.40 per share. About New Jersey Mining Company Headquartered in North Idaho, New Jersey Mining Company is the rare example of a vertically integrated, operating junior mining company. NJMC produces gold at the Golden Chest Mine and recently consolidated the Murray Gold Belt (MGB) for the first time in over 100-years. The MGB is an overlooked gold producing region within the Coeur d'Alene Mining District, located north of the prolific Silver Valley. In addition to gold, the Company maintains a presence in the Critical Minerals sector and is focused on identifying and exploring for Critical Minerals (Rare Earth Minerals) important to our country's defensive readiness and a low-carbon future. New Jersey Mining Company possesses the in-house skillsets of a much larger company while enjoying the flexibility of a smaller and more entrepreneurial corporate structure. Its production-based str...