I-Minerals Inc. is pleased to announce that the amended Operations and Reclamation Plan announced in the news release of September 1, 2020 has been accepted by Idaho Department of Lands . The filing of the amended ORP was triggered by changes to the mining plan to focus operations on zones of the primary clay containing higher concentrations of kaolinite and halloysite in keeping with the company's pre-feasibility study [...]
I-Minerals Inc. is pleased to announce that it has submitted its amended Operations and Reclamation Plan for its halloysite - kaolin Bovill Project to the Idaho Department of Lands for approval. I-Minerals mineral tenure is through State of Idaho Mineral leases administered through the IDL and accordingly the IDL is the primary permitting agency. As announced in the Company's press release of March 3, 2020, the [...]
I-Minerals Inc. announces that it has negotiated an extension to its existing loan agreement with a company controlled by its Chairman Allen Ball, pursuant to which an additional $1,200,000 US will be advanced in tranches through December 2020, with the monthly advances from September through December 2020 being conditional upon the Company having completed its Operations and Reclamation Plan for its Bovill Kaolin [...]
I-Minerals Inc. announces that the repayment date for loans from a company controlled by its Chairman Allen Ball amounting to approximately $$29,310,809, together with all accrued and unpaid interest thereon, has been extended until December 15, 2020. About I-Minerals Inc. I-Minerals is a Canadian based exploration and development company that is advancing the Helmer-Bovill kaolin-halloysite property in north central [...]
I-Minerals Inc. is pleased to announce that it has received the results of the Pre-Feasibility Study for its Bovill halloysite and metakaolin project. The Bovill Project is strategically located within five miles of state highways with commercial distributions of electricity and natural gas already near the property boundary. The PFS was led by Millcreek Engineering , who were responsible for overall project management [...]
I-Minerals lnc. is pleased to provide a status update on its ongoing pre-feasibility study on the Bovill Kaolin halloysite & metakaolin project. Millcreek Engineering of Salt Lake City, UT, has completed the site layout, processing plant design and is in the final stages of estimating the operating and capital costs. Mine Development Associates has completed the mine plan optimized for kaolin and halloysite clays which in [...]
I-Minerals Inc. announces that it has issued an additional 1,054,097 bonus shares to a company controlled by Allen Ball, the Chairman and a Director of the Company, in respect of cash advances totaling $2,500,000 U.S. made pursuant to a loan agreement. The bonus shares were issued at deemed prices ranging from $0.095 Cdn. to $0.19 Cdn. per share. All of the bonus shares are subject to a hold period in Canada until April [...]
I-Minerals Inc. announces, further to its November 4, 2019 news release, that it has withdrawn its application to the TSX Venture Exchange in respect of the potential issuance of bonus shares pursuant to its new loan agreement negotiated with a company controlled by its Chairman, Allen Ball pursuant to negotiations with the Lender. About I-Minerals Inc. I-Minerals is a Canadian based exploration and development company [...]
I-Minerals Inc. announces that it has negotiated a new loan agreement with a company controlled by its Chairman Allen Ball , pursuant to which up to an additional $700,000 U.S. will be advanced to the Company by the Lender in tranches, such advances to be considered secured loans accruing interest at the rate of 14% per annum calculated and paid semi-annually from the date of each advance, such interest also to be [...]
I-Minerals lnc. is pleased to provide a status update on its ongoing halloysite & metakaolin project and pre-feasibility study. Pilot plant production of halloysite and clay at Ginn Mineral Technologies is nearing completion. As noted in the Company's press release of January 15, 2019, 60 tons of primary clay were shipped to GMT for processing. Once all the product is dried, a total of approximately 5 tons of halloysite [...]
I-Minerals lnc. announces that further to the Company's press release of March 7, 2019, Millcreek Engineering Company of Salt Lake City, Utah has provided preliminary Capital Cost and Operating Cost estimates for an initial clay-only mine capable of producing up to 20,000 tons per annum of metakaolin and up to 10,000 tpa of halloysite. Estimation of the OPEX and CAPEX was generally based upon factoring of prior economic [...]
I-Minerals Inc. provides an update on the industrial mineral market related to its Bovill Kaolin Project. A re-evaluation of the industrial mineral markets by a specialist market research organization indicates that the current market is unlikely to support a new operation of the size envisaged in the previously filed feasibility study dated March 17, 2016 . The Bovill Kaolin Project will be reoriented towards [...]