Idaho Strategic samples over 17.6% TREO at Mineral Hill project

Idaho Strategic (IDR) Resources has sampled greater than 17.6% total rare earth oxides at the Company’s Mineral Hill project – IDR’s northernmost rare earth project in the Idaho REE-Th Belt. The Company also recently completed a drone-based magnetics survey flown over the entirety of the Mineral Hill project which has aided in the Company’s knowledge of known carbonatite outcrops and the potential identification of additional carbonatites at Mineral Hill. Idaho Strategic’s President and CEO, John Swallow commented, “I think most would agree the DoD partnership announcement by MP on July 10th marks a step change in the rare earth industry. We view a market going forward where results matter and the context around a project also matter. At Mineral Hill, the overall desirability of high grade REE surface samples and the complimentary nature of having multiple carbonatite occurrences in distinct areas (Lower Lee Buck, Roberts, Cardinal) is something that sets it apart. This includes the added benefit of having monazite-based mineralization, Idaho jurisdiction, and IDR’s operational track record as an Idaho company. With this field work underway, we are also advancing first phase drill plans as we work toward resource definition, making this an exciting time for our company.”