Idaho Strategic Resources Inc.

07/01/2025 | Press release | Distributed by Public on 07/01/2025 12:10

Proxy Results (Form 8-K)

ITEM 5.07. Submission of Matters to a Vote of Security Holders.

On June 30, 2025, Idaho Strategic Resources, Inc. (the "Company") held an annual meeting of shareholders (the "Annual Meeting") for consideration of the following proposals:

Proposal - 1.

The election of the nominees to the Company's Board of Directors to serve until the Company's 2026 Annual Meeting of Shareholders or until successors are duly elected and qualified; the following are nominees for re-election as Directors: John Swallow, Grant Brackebusch, Kevin Shiell, Rich Beaven and Carolyn Turner;

Proposal - 2.

Ratification of the appointment of the Company's independent registered public accounting firm, Assure, CPA, LLC;

Each of the foregoing proposals is described in more detail in the Company's Definitive Proxy Statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on May 20, 2025.

As of the record date, May 2, 2025, there were 14,052,872 shares of the Company's common stock outstanding. At the Annual Meeting, there were present in person or by proxy 10,076,652 shares of the Company's common stock, representing 71.70% of the Company's total outstanding common stock. The results for each proposal submitted to a vote of shareholders at the Annual Meeting are as follows:

Proposals

Votes For

Votes

Withheld

Broker

Non-Vote

Proposal 1 - Election of Directors

John Swallow

5,609,239

45,055

4,422,358

Grant Brackebusch

5,390,569

263,725

4,422,358

Kevin Shiell

5,164,738

489,556

4,422,358

Richard Beaven

5,470,135

184,159

4,422,358

Carolyn Turner

5,436,991

217,303

4,422,358

Votes For

Votes

Against

Abstentions

Broker

Non-Vote

Proposal 2 - Ratification of Company's independent registered public accounting firm for the ensuing year

9,960,697

76,207

39,748

0

Based on the above voting results, (i) the director nominees, John Swallow, Grant A. Brackebusch, Kevin Shiell, Rich Beaven and Carolyn Turner were elected directors, each for a term expiring at the 2026 annual meeting of shareholders, (ii) Assure, CPA, LLC was ratified as the Company's independent registered accounting firm for the ensuing year.

2

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