Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.





Election of Director

Effective January 12, 2022, the Board of Directors of Idaho Strategic Resources, Inc. (the "Company") appointed Richard Beaven as a member of the Company's Board of Directors. Mr. Beaven is Lead Portfolio Manager and Principal at Signia Capital. Signia is a small-cap value asset manager with a largely institutional (pension fund) client base. Prior to co-founding Signia Capital Management in 2002, Rich was the Assistant Director of Research and a Portfolio Manager for a $2B Pacific Northwest asset management firm. Mr. Beaven holds a BA in business administration from the University of Kentucky and an MBA from Gonzaga University. In addition, he is a CFA charter holder and has served as President of the CFA Society of Spokane.

Mr. Beaven is not related by blood or marriage to any of the Company's directors or executive officers or any persons nominated by the Company to become directors or executive officers. The arrangement with Mr. Beaven is as an uncompensated director of the Company.

Item 9.01. Financial Statements and Exhibits




d) Exhibits
99.1     Press Release  , dated January 12, 2022, entitled "Idaho Strategic

Resources adds to its Board of Directors."*

*The foregoing exhibit relating to Item 7.01 is intended to be furnished

to, not filed with, the SEC pursuant to Regulation FD.

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