Idea Drilling Receives Entrepreneurial Award
April 25, 2012

April 25, 2012 – IDEA Drilling received the Mature Entrepreneur Award as a part of the 20th Annual Joel Labovitz Success Awards Banquet held by the University of Minnesota Duluth Center for Economic Development. The award was presented to Pam and Dick Backstrom, founders of IDEA Drilling, by Tony Sertich, Commissioner of the Iron Range Resources & Rehabilitation Board. This award acknowledges a company with 15 years or more of demonstrated initiative, success, and creativity in developing, growing and sustaining a business that continues to have a significant impact on the community or region. Dick Backstrom expressed gratitude for the recognition and commented on the importance of mining to our region of the state and the great support IDEA has received from the IRRRB.

The Backstroms', along with Brian McCabe (Vice President of Operations), have teamed together to build IDEA Drilling, a diamond core drilling and services company that has successfully grown to approximately 150 employees. Backstrom states the success of IDEA Drilling has been built on a steadfast commitment to customer service and reliability, delivered through a dedicated team of employees who provide the technical expertise and who thrive on the Company's culture of continuous improvement, innovation and integrity. Backstrom says the Company expects to continue to grow in 2012 and has significant long-term growth opportunities when the nonferrous mineral exploration projects in Minnesota are able to successfully go forward.

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