Business
New Jersey Mining Company to Voluntarily Delist from the CSE
COEUR D'ALENE, ID / ACCESSWIRE / March 25, 2020 / New Jersey Mining Company (CSE:NJMC),(OTCQB:NJMC) ("NJMC" or the "Company") today announced it has applied to
About this update from Idaho Strategic Resources, Inc.
[{"type":"text","content":" COEUR D'ALENE, ID / ACCESSWIRE / March 25, 2020 / New Jersey Mining Company (CSE:NJMC),(OTCQB:NJMC) (\"NJMC\" or the \"Company\") today announced it has applied to voluntarily delist its common shares from the CSE. NJMC President and CEO, John Swallow stated, \"This decision is something we have been evaluating for a while - and more so after our recent experience and attendance at the Vancouver Resource Investment Conference (see NJMC press release dated 2/18/20 and titled ‘New Jersey Mining Company Discusses \"Production-based Exploration\" and Participation in the Vancouver Resource Investment Conference'). During the last few years, we have kept a close eye on what the next decade holds from the perspective of a growing gold producer (as eluded to in NJMC press release dated 7/23/19 and titled ‘New Jersey Mining Company Releases President's Letter'). In addition, over that time frame, we have observed a shift away from mining and mining stocks in Canada. As the largest NJMC shareholder (and employee), I firmly believe this decision is in the best interest of our shareholders and employees. And as demonstrated in our recently announced 2019 financial and consolidated results, our teams have continued to demonstrate exploration and operational success as NJMC has evolved into a gold producer - making it important for us to be fishing in the right pond at this time. Recent global challenges, in our opinion, will support a focus toward hard assets demonstrating an underlying store of value, therefore we feel it only makes sense to be listed in the same jurisdiction as our operations going forward. Canada has a great mineral endowment and a history of understanding and supporting our industry, which was instrumental in our original thinking a few years ago. And one day we may entertain a future listing on a higher Canadian exchange, however, the current cost/benefit analysis does not support a continued north of the border presence by NJMC. Yet still subject to final approval of the CSE, it is expected that the delisting will be effective March 26, 2020. Subsequent to delisting, the Company will continue to be a reporting issuer in certain jurisdictions in Canada and USA and will remain subject to continuous disclosure requirements. However, the Company intends to apply to the applicable Canadian securities regulatory authoritie...