INDUSTRIAL MINERALS INC. ANNOUNCES ENGAGEMENT OF AGENT FOR UP TO US $10 MILLION FUNDING
Toronto, Ontario, Canada — May 13th, 2008 — Industrial Minerals Inc. (IMI) -OTCBB: IDSM - (or “the Company”) today announced it has engaged a placement agent (the “Agent”) to conduct a brokered private placement of special warrants (“Special Warrants”) to
INDUSTRIAL MINERALS INC. (IMI) PLANS EXPANDED 2008 DRILL PROGRAM ON BISSETT CREEK
Toronto, Ontario, Canada — April 15th, 2008 — Industrial Minerals Inc. (IMI) -OTCBB: IDSM - (or “the Company”) is pleased to announce that it has developed plans for an expanded exploratory and confirmation drill program on its Bissett Creek large-flake g
INDUSTRIAL MINERALS INC. (IMI) PURSUING HIGH-PURITY, HIGH VALUE GRAPHITE MARKETS
Toronto, Ontario, Canada — April 10th, 2008 — Industrial Minerals Inc. (IMI) -OTCBB: IDSM - (or “the Company”) is pleased to provide its shareholders with this update on developing market opportunities for its Bissett Creek large-flake graphite property i
INDUSTRIAL MINERALS RECEIVES LOI FROM GRAPHITE CUSTOMER
TORONTO, Ontario, Canada — January 23, 2008 — Industrial Minerals Inc. (OTCBB: IDSM - or "the Company") today announced that it has received a letter of intent (LOI) from ACC Resources Corp LP (ACC), one of the world’s largest refined graphite suppliers,
Industrial Minerals Inc. Provides Corporate Update
TORONTO, Ontario,— (December 20, 2007) — Industrial Minerals Inc. -OTCBB: IDSM - (or “the Company”) today announced it has deferred its previously announced private placement, intended to raise up to US $5.0 million, due to current volatile capital market
Industrial Minerals Receives Positive Results From Preliminary Economic Assessment on Bissett Creek
Toronto, Ontario, Canada — November 21, 2007 — Industrial Minerals Inc. -OTCBB: IDSM - (or “the Company”) is pleased to announce that it has received a draft technical report that was prepared under, and is compliant with, National Instrument 43-101 – St
Industrial Minerals Inc. Executes Licensing Agreement With Hydro Quebec
TORONTO, Ontario, Canada — November 8, 2007 — Industrial Minerals Inc. (OTCBB: IDSM - or "the Company") today announced the licensing of five specific patents related to Lithium (Li)-ion battery technology with Hydro Québec. The term of the agreement is f
Industrial Minerals, Inc., (IDSM OTC:BB) is currently developing a new pilot plant at its Bissett Creek property to evaluate existing and novel technologies that can be used to not only extract graphite from the ore body, but also to preserve the very large flake as much as possible. Sufficient product will be produced by this pilot plant for market and customer evaluation. A full scale mine and mill is being designed based on current lab scale and the upcoming piloting work. The proposed plan is to sell Graphite in North America and Internationally in purity of up to 95% carbon content and in particle sizes ranging from 12 mesh and finer.
National Instrument 43-101 Compliant. The Company has now received a positive preliminary assessment on its Bissett Creek property (see press release Nov. 21, 2007.)
Resource containing 327,700 tonnes indicated and 397,900 tonnes inferred flake graphite based on NI 43-101 resource estimated on only 10% of the property.
With a projected plant capacity of 2,500 TPD (metric tonnes per day), mine life estimated at 35+ years.
Open pit recoverablies will approximate 91% of the above resources.
Approximately 70% (by weight) of product classifies at +48 mesh and larger. (Jumbo Flake)
Bissett Creek Graphite has one of the largest and purest graphite flake deposits in the world.
“On demand delivery” — 90% of the North American market is within 16 hours by truck or rail with ports nearby for international shipping.
Canada provides a politically and economically stable environment such that supply will not be threatened.
Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission limits disclosure for the U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce. We use certain terms on this web site, such as "reserves," "resources," "geological resources," "proven," "probable," "measured," "indicated," or "inferred," which may not be consistent with the reserve definitions established by the SEC. U.S. investors are urged to consider closely the disclosure in out Form 10 - KSB, File No. 000-30651. You can review and obtain copies of these filings from the SEC's website at http://www.sec.gov/edgar.shtml.
