I-Minerals Inc. Negotiates Repayment of Outstanding Indebtedness
Vancouver, British Columbia--(Newsfile Corp. - July 16, 2021) - I-Minerals Inc. (TSXV: IMA) (OTC Pink: IMAHF) announces that the repayment date for loans from a company controlled by its Chairman Allen Ball amounting to approximately $33,943,063 together with all accrued and unpaid interest thereon, has been extended until August 15, 2021. In addition, B V Lending has agreed to advance the company a further $225,000 for a term of 30 days an interest rate 0f 0.13% and all...
2021-07-16 9:24 AM EDT
I-Minerals Inc. Negotiates Repayment of Outstanding Indebtedness
Vancouver, British Columbia--(Newsfile Corp. - June 14, 2021) - I-Minerals Inc. (TSXV: IMA) (OTC Pink: IMAHF) announces that the repayment date for loans from a company controlled by its Chairman Allen Ball amounting to approximately $34,149,993 together with all accrued and unpaid interest thereon, has been extended until July 15, 2021.About I-Minerals Inc. I-Minerals is an exploration and development company that is advancing the Bovill kaolin-halloysite property in north central Idaho. A...
2021-06-14 5:01 PM EDT
I-Minerals Inc. Negotiates Repayment of Outstanding Indebtedness
Vancouver, British Columbia--(Newsfile Corp. - May 14, 2021) - I-Minerals Inc. (TSXV: IMA) (OTC Pink: IMAHF) announces that the repayment date for loans from a company controlled by its Chairman Allen Ball amounting to approximately $33,792,324 together with all accrued and unpaid interest thereon, has been extended until June 15, 2021. About I-Minerals Inc. I-Minerals is an exploration and development company that is advancing the Bovill kaolin-halloysite property in north central Idaho. A...
2021-05-14 5:00 PM EDT
I-Minerals Inc. Negotiates Repayment of Outstanding Indebtedness
Vancouver, British Columbia--(Newsfile Corp. - April 15, 2021) - I-Minerals Inc. (TSXV: IMA) (OTC Pink: IMAHF) announces that the repayment date for loans from a company controlled by its Chairman Allen Ball amounting to approximately $33,488,312, together with all accrued and unpaid interest thereon, has been extended until May 15, 2021. About I-Minerals Inc. I-Minerals is an exploration and development company that is advancing the Bovill kaolin-halloysite property in north central Idaho. A...
2021-04-15 5:15 PM EDT
I-Minerals Inc. Negotiates Repayment of Outstanding Indebtedness
Vancouver, British Columbia--(Newsfile Corp. - March 12, 2021) - I-Minerals Inc. (TSXV: IMA) (OTC Pink: IMAHF) announces that the repayment date for loans from a company controlled by its Chairman, Allen Ball amounting to approximately $31,829,474, together with all accrued and unpaid interest thereon, has been extended until April 15, 2020. About I-Minerals Inc. I-Minerals is an exploration and development company that is advancing the Bovill kaolin-halloysite property in north central...
2021-03-12 4:00 PM EST
I-Minerals Receives Acceptance of Amended Operations and Reclamation Plan
Vancouver, British Columbia--(Newsfile Corp. - January 5, 2021) - I-Minerals Inc. (TSXV: IMA) (OTC Pink: IMAHF) (the "Company") is pleased to announce that the amended Operations and Reclamation Plan (the "ORP") announced in the news release of September 1, 2020 has been accepted by Idaho Department of Lands (the "IDL).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...
2021-01-05 8:30 AM EST
I-Minerals Submits Amended Operations and Reclamation Plan to Idaho Department of Lands
Vancouver, British Columbia--(Newsfile Corp. - September 1, 2020) - I-Minerals Inc. (TSXV: IMA) (OTC Pink: IMAHF) ("the Company") is pleased to announce that it has submitted its amended Operations and Reclamation Plan (the "ORP") for its halloysite - kaolin Bovill Project to the Idaho Department of Lands (the"IDL") 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...
2020-09-01 9:00 AM EDT
I-Minerals Inc. Negotiates Additional Funding Pursuant to Loan Agreement
Vancouver, British Columbia--(Newsfile Corp. - July 2, 2020) - I-Minerals Inc. (TSXV: IMA) (OTC Pink: IMAHF) 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...
2020-07-02 4:19 PM EDT
I-Minerals Inc. Negotiates Repayment of Outstanding Indebtedness
Vancouver, British Columbia--(Newsfile Corp. - June 5, 2020) - I-Minerals Inc. (TSXV: IMA) (OTCQB: IMAHF) 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...
2020-06-05 5:09 PM EDT
I-Minerals Completes Pre-Feasibility Study of its Halloysite - Metakaolin Project NPV(10%) US$48 million and IRR 20% (Before Tax)
Vancouver, British Columbia--(Newsfile Corp. - March 3, 2020) - I-Minerals Inc. (TSXV: IMA) (OTCQB: IMAHF) ("the Company") is pleased to announce that it has received the results of the Pre-Feasibility Study ("PFS") 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...
2020-03-03 8:00 AM EST
I-Minerals Provides Pre-Feasibility Study Update
Vancouver, British Columbia--(Newsfile Corp. - January 22, 2020) - I-Minerals lnc. (TSXV: IMA) (OTCQB: IMAHF) (FSE: 61M) (the "Company") is pleased to provide a status update on its ongoing pre-feasibility study ("PFS") 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 (MDA) has completed...
2020-01-22 8:00 AM EST
I-Minerals Inc. Issues Additional Bonus Shares Pursuant to a Loan Agreement
Vancouver, British Columbia--(Newsfile Corp. - December 17, 2019) - I-Minerals Inc. (TSXV: IMA) (OTCQB: IMAHF) (the "Company") 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...
2019-12-17 4:00 PM EST
I-Minerals Inc. withdraws application to issue bonus shares pursuant to new loan agreement
Vancouver, British Columbia--(Newsfile Corp. - November 22, 2019) - I-Minerals Inc. (TSXV: IMA) (OTCQX: IMAHF) (the "Company") 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 (the "Lender") pursuant to negotiations with the Lender.About I-Minerals Inc.I-Minerals is a...
2019-11-22 4:04 PM EST
I-Minerals Inc. Negotiates New Loan Agreement and Renegotiates Repayment of Outstanding Indebtedness
Vancouver, British Columbia--(Newsfile Corp. - November 4, 2019) - I-Minerals Inc. (TSXV: IMA) (OTCQB: IMAHF) (the "Company") announces that it has negotiated a new loan agreement with a company controlled by its Chairman Allen Ball (the "Lender"), 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...
2019-11-04 12:48 PM EST
I-Minerals Operations Update
Vancouver, British Columbia--(Newsfile Corp. - September 18, 2019) - I-Minerals lnc. (TSXV: IMA) (OTCQB: IMAHF) (FSE: 61M) (the "Company") 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 (GMT) 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...
2019-09-18 8:30 AM EDT
I-Minerals Commences Pre-Feasibility Study for a Halloysite - Metakaolin Operation
Vancouver, British Columbia--(Newsfile Corp. - June 6, 2019) - I-Minerals lnc. (TSXV: IMA) (OTCQB: IMAHF) (FSE: 61M) (the "Company") announces that further to the Company's press release of March 7, 2019, Millcreek Engineering Company of Salt Lake City, Utah ("Millcreek") has provided preliminary Capital Cost (CAPEX) and Operating Cost (OPEX) estimates for an initial clay-only mine capable of producing up to 20,000 tons per annum ("tpa") of metakaolin and up to 10,000 tpa of halloysite....
2019-06-06 10:22 AM EDT
I-Minerals Amends Bovill Kaolin Project Development Plans
Vancouver, British Columbia--(Newsfile Corp. - March 7, 2019) - I-Minerals Inc. (TSXV: IMA) (OTCQB: IMAHF) (FSE: 61M) (the "Company") 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 ("FS"). The Bovill...
2019-03-07 9:00 AM EST
I-Minerals Inc. Announces Debt Settlement and Issues Additional Bonus Shares and Bonus Warrants Pursuant to a Loan Agreement
Vancouver, British Columbia--(Newsfile Corp. - January 15, 2019) - I-Minerals Inc. (TSXV: IMA) (OTCQB: IMAHF) (the "Company") announces that it has agreed to issue 1,882,503 common shares at an average deemed price of $0.1507 per share in settlement of the payment of principal and interest in the aggregate amount of $283,698.77 pursuant to a loan agreement with an arm's-length creditor, subject to regulatory acceptance. About I-Minerals Inc.I-Minerals is developing multiple deposits of high...
2019-01-15 6:11 PM EST
I-Minerals Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - January 15, 2019) - I-Minerals lnc. (TSXV: IMA) (OTCQB: IMAHF) (FSE: 61M) (the "Company") is pleased to provide a status update on its ongoing project optimization activities.Alternate technologies have resulted in the production of an exceptional metakaolin product similar to high priced Georgia clay belt productsPilot plan work at Mineral Research Laboratory, North Carolina State University ("MRL"), has continued to demonstrate the potential...
2019-01-15 8:30 AM EST
I-Minerals Provides Operations update
Vancouver, British Columbia--(Newsfile Corp. - October 10, 2018) - I-Minerals lnc. (TSXV: IMA) (OTCQB: IMAHF) (FSE: 6IM) (the "Company") announces it has commenced a series of pilot plants and product optimization procedures for final product definition and to test on a pilot scale process improvement techniques including the use of hydrocyclones in the initial clay sand separation and jet mill grinding of the metakaolin products. Sand pilot plantProcessing of 17 tons of quartz / potassium...
2018-10-10 4:00 AM EDT