Changes in Registrant’s Certifying Accountant. (a) Resignation of Independent Registered Public Accounting Firm. On June 3, 2026, we were notified that Assure CPA, LLC, which served as the independent registered public accounting firm of Idaho Strategic Resources, Inc. (the “Company”), merged into Sadler, Gibb & Associates, LLC pursuant to an asset purchase agreement. As a result of the transaction, Assure CPA, LLC ceased operations as a public accounting firm and resigned as the Company’s in…

Entry into a Material Definitive Agreement. On September 29, 2025, Idaho Strategic Resources, Inc. (the “Company”), entered into a Sales Agreement (the “Agreement”) with Roth Capital Partners, LLC (the “Sales Agent”) that reduced the commission to the Sales Agent from 3% to 2.5%. In accordance with the terms of the Agreement, the Company may offer and sell from time to time through or to the Sales Agent, as agent or principal, the Company’s Common stock having an aggregate offering price of u…

The filing describes a stock option grant to employees, directors, and officers as part of the company's equity incentive plan.

Entry into a Material Definitive Agreement. On October 10, 2024, Idaho Strategic Resources, Inc. (the “Company”), entered into a Sales Agreement (the “Agreement”) with Roth Capital Partners, LLC (the “Sales Agent”). In accordance with the terms of the Agreement, the Company may offer and sell from time to time through or to the Sales Agent, as agent or principal, the Company’s Common stock having an aggregate offering price of up to $15,000,000 (the “Placement Shares”). The Placement Shares w…

Creation of a Direct Financial Obligation. Simultaneously, on February 8, 2024, the Company entered into a promissory note (the “Note”) in the principal amount of Six Hundred and Fifty Thousand Dollars ($650,000) at an interest rate of 5% to be paid to Bell Run. The Note is secured by the Butte Gulch Claims through the Mortgage recorded on February 8, 2024. The Company is required to pay equal monthly interest-only payments in the amount of Two Thousand Seven hundred and Fifty Dollars ($2,750…

Termination of a Material Definitive Agreement. Simultaneously with the closing of the Agreement on February 8, 2024, the Company and Bell Run terminated the Royalty Deed between the Company (formerly known as New Jersey Mining Company) and West Materials, Inc., entered into on May 2, 2018 (the “Royalty Deed”) and subsequently assigned to Bell Run on June 10, 2019. The Royalty Deed granted a total production royalty of two percent (2%) of the Net Smelter Returns of all ores or concentrates of…

Entry into a Material Definitive Agreement. On February 8, 2024, Idaho Strategic Resources, Inc. (the “Company”) executed and entered into a Purchase and Sale Agreement (the “Agreement”), a promissory note (“Note”), a Mortgage (“Mortgage”), and a Termination of Royalty Deed (“Royalty Termination”) with Bell Run Properties, L.L.C. (the “Bell Run”). In accordance with the terms of the Agreement, the Company purchased Bell Run’s surface rights and alluvial minerals of seven patented mining claim…

Completion of Acquisition or Disposition of Assets. On February 8, 2024, with the full execution and the entry into the Agreement, Note, Mortgage, Royalty Termination, and the warrant deed from Bell Run, recorded on February 8, 2024 (“Warranty Deed”), the Company acquired the surface and alluvial deposits of the Butte Gulch Claims from Bell Run for One Million Dollars ($1,000,000), giving the Company a 100-percent fee simple ownership of all of the mineral and surface rights of the Butte Gulc…

Other Events. On October 12, 2023, Idaho Strategic Resources, Inc. (the “Company”) amended and restated warrants issued in private placements completed in October and November of 2021. The amended and restated warrants reflected the change of the Company’s name to Idaho Strategic Resources, Inc., adjusted the amount of the warrants and exercise price to reflect the 14-for-1 reverse stock split, and extended the exercise period of the warrants for an additional one (1) year. The October 2021 p…

Director — Carolyn Turner: Appointment of Carolyn Turner as an independent member of the Board of Directors.

Unregistered Sales of Equity Securities. On February 6, 2023, Idaho Strategic Resources, Inc. (the “Company”) closed subscriptions of US$878,500.00 in a non-brokered private placement (the “Private Placement”) with a small group of investors which included one affiliate, John Swallow, President & CEO. Proceeds from the private placement will be used for general working capital. The Private Placement consisted of shares issued at US$5.50 per common share of restricted common stock to non-affil…