17. Subsequent Events	9 Months Ended
Sep. 30, 2021
Notes
17. Subsequent Events	`17.Subsequent Events` The Company closed a private placement in October 2021. Under the private placement, the Company sold 6,600,000 units at $0.30 per unit for net proceeds of $1,980,000. Each unit consisted of one share of the Company’s stock and one half of one stock purchase warrant with each whole warrant exercisable for one share of the Company’s stock at $0.40 for 24 months. A special meeting of the Company’s shareholders was held October 6, 2021, at which two proposals were presented. The first proposal was for an amendment and restatement of the Company’s Articles of Incorporation to effect a reverse stock split of outstanding Common Stock at a ratio of one for fourteen. The second proposal was for an amendment and restatement of the Company’s Articles of Incorporation to change the Company’s name from New Jersey Mining Company to Idaho Strategic Resources, Inc. Both proposals were approved by shareholders and are awaiting Financial Industry Regulatory Authority “FINRA” approval. On October 20, 2021 the Board of Directors granted 2,550,000 stock options to officers, board members, and employees. These options vested immediately and are exercisable at $0.40 for 3 years.

17. Subsequent Events

9 Months Ended

Sep. 30, 2021

17.Subsequent Events

The Company closed a private placement in October 2021. Under the private placement, the Company sold 6,600,000 units at $0.30 per unit for net proceeds of $1,980,000. Each unit consisted of one share of the Company’s stock and one half of one stock purchase warrant with each whole warrant exercisable for one share of the Company’s stock at $0.40 for 24 months.

A special meeting of the Company’s shareholders was held October 6, 2021, at which two proposals were presented. The first proposal was for an amendment and restatement of the Company’s Articles of Incorporation to effect a reverse stock split of outstanding Common Stock at a ratio of one for fourteen. The second proposal was for an amendment and restatement of the Company’s Articles of Incorporation to change the Company’s name from New Jersey Mining Company to Idaho Strategic Resources, Inc. Both proposals were approved by shareholders and are awaiting Financial Industry Regulatory Authority “FINRA” approval.

On October 20, 2021 the Board of Directors granted 2,550,000 stock options to officers, board members, and employees. These options vested immediately and are exercisable at $0.40 for 3 years.