Idaho Strategic expects continuation of recent production profile in 2024

Idaho Strategic Resources providesits 2023 year in review via a President’s Letter to Stakeholders, which read in part, “2023 was an exciting year for the Company on all fronts. Perhaps the biggest and most obvious change has been the Company’s shift to profitability, which began in the fourth quarter of 2022 and has continued throughout the three reported quarters of 2023. Coinciding with the Company’s increased revenue and profitability, I witnessed an extreme increase in ownership mentality amongst our team members at all levels of the organization. With an almost battlefield-like cohesiveness, the cooperation in our team is a trait rarely seen in business these days. It is very rewarding to see some of the seeds planted long ago that are now bearing fruit. Achieving profitability while building exploration upside is a goal that we have had since we began mining operations and it is only one differentiating factor that sets us apart from much of our junior mining peers…We anticipated and are cognizant of the long-term cycles that have reversed and while we may all be traversing the same seas, not all of us are in the same boat. Looking ahead to 2024, with all the caveats in place that are necessary for a junior producing mining company, I expect a continuation of the recent production profile of the Company as we look to maintain profitability. I also expect that 2024 will be another year where we are reinvesting our profits and cash flow – specifically into increased exploration of both the greater Murray Gold Belt District and our rare earth elements landholdings. From a macro perspective, we are positioned in a recognized store of value to help withstand and possibly benefit from both a devaluation of the U.S. Dollar and its lessening status as the World’s reserve currency. Additionally, increased tensions with the U.S.’ global adversaries and an increasing importance of securing domestic sources for minerals necessary for decarbonization and national security will make for a challenging year for our country and an interesting and potentially transformational 2024 for Idaho Strategic.”