Using a mesh colander, rinse and drain rice well, and set aside.
Set the pressure cooker to sauté and add butter or oil to the pot. Once the pot is ready, add the wild rice and sauté the rice for 3 minutes. Press cancel to end sauté.
Add broth or water to rice and stir to mix and deglaze the pot. Close and seal the lid, and turn or press the vent lever to seal (if needed). Set pot to high pressure for 18 minutes.
Once the pressure cooking cycle is complete, do a natural pressure release (leave the pot undisturbed) for 10 minutes, then initiate a quick release by carefully turning or pressing the pressure release button (refer to your pot's instructions). Fluff the brown rice by stirring before serving.
Notes
Store leftover brown rice in the fridge for up to four days in an airtight container. Reheat the leftovers in the microwave or stovetop (add 1 tablespoon of water) and cover the dish with a damp paper towel before microwaving.To meal prep or make ahead, cook a big batch (by doubling or tripling the recipe) then portion it out into individual containers. Use the same ratios of 1 cup of water or broth to 1.2 cups of wild rice. The cooking times remain the same.