Security

Type

Security

Class

Title

Fee

Calculation

Amount

Registered

Proposed Maximum Offering

Price Per

Unit ⁽²⁾

Maximum

Aggregate

Offering

Price

Fee

Rate

Amount of

Registration

Fee

Fees to be paid

Equity

Common Stock, having no par value

Rule 457(c) and 457(h)

1,225,600

$10.24

$12,550,144

0.00015310

$1,921.43

Total Offering Amount/Registration Fee

$12,550,144

$1,921.43

Net Fee Due

$1,921.43

(1)

Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), this registration statement shall also cover any additional shares of common stock of Idaho Strategic Resources, Inc. (the “Company”) that become issuable under the Idaho Strategic Resources, Inc. 2023 Equity Incentive Compensation Plan by reason of any stock split, stock dividend, or similar transaction effected that results in an increase in the number of outstanding shares of common stock of the Company.

(2)

The estimated price of $10.24 per share, which is the average of the high and low prices of the Registrant’s common stock as reported on the NYSE American market on January 8, 2025, is set forth solely for the purpose of calculating the fee pursuant to Rule 457(c) under the Securities Act.