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Imperial and SOQUEM Close the Transaction to Exchange Quebec Base Metal and Gold Property Interests
MONTREAL, April 16, 2021 - Imperial Mining Group Ltd. ("Imperial") (TSX VENTURE: IPG; OTCQB: IMPNF) is pleased to report that it has closed the transaction announced on March 21, 2021 with SOQUEM Inc., a Quebec Crown Corporation (“SOQUEM”) (the “Transaction”).
As part of the Transaction, Imperial Mining has sold its 100% undivided interest in the Carheil-Brouillan copper-zinc-silver property in Quebec to SOQUEM in exchange for a cash payment of $450,000. Imperial will retain a two per cent (2%) Net Smelter Royalty (“NSR”) on the property, which can be acquired by SOQUEM for an additional cash payment of $2.0 million. In addition, SOQUEM has transferred its 50% Joint Venture interest in the La Roncière gold property, giving Imperial a 100% interest, in exchange for a one and one quarter per cent (1.25%) NSR, which can be acquired by Imperial for $1.25 million in cash at any future date.
Carheil-Brouillan Property
As reported on March 21, 2021, Imperial is selling its 100% interest in the Carheil-Brouillan Project, located 120 km north of the town of La Sarre, Quebec and 5 km southwest of the former Selbaie Mine and consisting of 114 contiguous mining claims covering 5,425.2 ha. The Project can be accessed via Highway 393 going from La Sarre to Villebois and then north to the former Selbaie Mine.
La Roncière Gold Property
As part of the Transaction, SOQUEM has transferred its 50% JV interest to Imperial in the La Roncière gold property to give Imperial a 100% undivided interest in the property. The project is located 35 km east of Desmaraisville, Quebec and consists of 45 contiguous claims covering 2,509.95 ha and is accessible via Highway 113 going from Val d’Or to Chibougamau, Quebec.
ABOUT IMPERIAL MINING GROUP LTD.
Imperial is a Canadian mineral exploration and development company focused on the advancement of its technology metals projects in Québec. Imperial is publicly listed on the TSX Venture Exchange as “IPG” and on the OTCQB Exchange as “IMPNF” and is led by an experienced team of mineral exploration and development professionals with a strong track record of mineral deposit discovery in numerous metal commodities.
ABOUT SOQUEM
SOQUEM, a subsidiary of Investissement Québec, is dedicated to promoting the exploration, discovery and development of mining properties in Quebec. SOQUEM also contributes to maintaining strong local economies. A proud partner and ambassador for the development of Quebec’s mineral wealth, SOQUEM relies on innovation, research and strategic minerals to be well-positioned for the future.
Imperial Mining Group to present at the Quebec Critical and Strategic Minerals Investment Conference on Thursday, April 22 at 1:30 PM EST
On Thursday, April 22 at 1:30 PM EST, President and CEO of Imperial Mining Group (OTCQB: IMPNF) (TSX.V: IPG) Peter Cashin will be presenting at the Critical and Strategic Minerals Investment Opportunities In Quebec virtual conference. The conference hosted by OTC Markets Group has been organized by the Quebec Government through the Quebec Mining Ministry and will feature ten select companies approved by a special committee.
Peter Cashin will be discussing the unique Crater Lake Scandium Project the Company has been advancing and how IPG can contribute to the province's and the country's critical metals supply chain. The presentation will be live and feature a question-and-answer period.
"ethically responsible funds"...lol. Sorry, that's like Military Intelligence and including Barney's name in the same sentence with any variant of "ethics" is comical at best. Don't mean to be a downer on this, as I am and have been an investor for well over a year now, but these guys have been partying on our backs for well over a year now with nothing to show for it but a few dozen hangovers.
NST- I was thinking the same. Low trust if Bobby and Frank are still involved. Their concern is padding their own pockets.. shareholders be damned. We'll see...
Beyond disgusting, the "I'll pat your back (and pad your wallet) if you pat mine" that happens in our sellout government. Hopefully we can all make some money before they drive the country into an all out Race War of epic proportions. It's sad so many sheep are believing the media narrative. I remember when folks didn't trust anything the government said. Now that they own the media half the country believes everything they're putting down. (face palm)
Wealth redistribution. Those with the money do not want, those without the money, to have the money. Hopefully the masses can help apply sufficient pressure to maintain this momentum.
Company has been doing well with comms; unlike some of the other ones waiting on SEC filings. Confident this one beanstalks for us especially once Scandium mining kicks off.
Stimulus check? What's that?! I thought you had to be here illegally to get those. My 'stimulus check' will be XFLS if this thing deploys its wings. lol
Without a doubt. I thought you may enjoy this one. It will go exoatmospheric and will never look back. Hold on and enjoy the ride!
Rio Tinto Makes First Sale of Aluminium-Scandium Alloy for 3D Printing
Dear Investor,
Rio Tinto has signed an agreement to provide a first commercial batch of high-performance aluminium-scandium alloy from its North American operations to Amaero, a leader in metal additive manufacturing. Amaero, having recently closed a A$9,000,000 financing and continuing to raise up to A$3,000,000 more, is poised to capture the potential of high-tech metals market that has advanced applications in the defence industry.
Rio Tinto's announcement is a stepping stone for the wider adoption of scandium and scandium-aluminum alloys. The market is still lacking in appreciation as there is not enough reasonably priced and sustainable sources of scandium production. This is where we believe Imperial and its Crater Lake Scandium Project come to play as it could provide the market with a long-term, high-purity bedrock scandium source at a disruptive price. CA$2,000,000 is allocated to advance the Crater Lake project in the next phase of development, including a definition drilling program, 43-101 resource estimate and 43-101 PEA.
ABOUT IMPERIAL MINING GROUP LTD.
Imperial is a Canadian mineral exploration and development company focused on the advancement of its technology metals projects in Québec. Imperial is publicly listed on the TSX Venture Exchange as “IPG” and on the OTCQB Exchange as “IMPNF” and is led by an experienced team of mineral exploration and development professionals with a strong track record of mineral deposit discovery in numerous metal commodities.
For further information, please contact:
Peter J. Cashin, President & CEO
Phone: +1 (514) 360-0571
Email: info@imperialmgp.com
CHF Capital Markets
Iryna Zheliasko
Manager, Corporate Communications
Phone: +1 (416) 868-1079 x229
Email: iryna@chfir.com
This press release may contain forward-looking statements relating to the Company’s operations or to its business environment. Such statements are based on the Company’s operations, estimates, forecasts, and projections, but are not guarantees of future performance and involve risks and uncertainties that are difficult to predict or control. Several factors could cause actual outcomes and results to differ materially from those expressed. These factors include those set forth in the corporate filings. Although any such forward-looking statements are based upon what management believes to be reasonable assumptions, the Company cannot guarantee that actual results will be consistent with these forward-looking statements. In addition, the Company disclaims any intention or obligation to update or revise any forward-looking statements, for any reason. We also do not commit in any way to guarantee that we will continue reporting on items or issues that arise. Investors are cautioned that this press release contains quoted historical exploration results. These are derived from filed assessment reports and compiled from governmental databases. The Company and a QP have not independently verified and make no representations as to the accuracy of historical exploration results: these results should not be relied upon. Selected highlight results may not be indicative of average grades.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Imperial and SOQUEM Sign LOI to Exchange Quebec Base Metal and Gold Property Interests
https://www.otcmarkets.com/stock/IMPNF/news/Imperial-and-SOQUEM-Sign-LOI-to-Exchange-Quebec-Base-Metal-and-Gold-Property-Interests?id=293143
Looking forward to this one growing some big boy legs!
Pretty common I think. Pretty much everything I own are set above short term pricing. Want to protect the shares and help mitigate borrowing opportunities.
Miners have been taking a beating for quite some time. I believe that pendulum will be swinging back our way given the Supply and Demand requirements across the board. Welcome aboard!
Imperial Begins Trading on the OTCQB Venture Market
https://www.otcmarkets.com/stock/IMPNF/news/Imperial-Begins-Trading-on-the-OTCQB-Venture-Market?id=292586
Pretty typical screwing of the retail investor. Would love MM insiders to do the same...
bata... SELL, SELL, SELL so I may BUY, BUY, BUY. It doesn't take a smart person to realize this stock is undervalued and haters gonna hate. Shorties gonna short. INKW will bounce like a hooker in church.
Well stated! Most will not have the staying power and from their weakness will come our fortune. Steady hands will prevail. $$$
Company has great potential to become the price disruptor in the Scandium market. Peter Cashin made a comment that production, specifically related to Scandium, could be in hand by 2024 based on their survey results. Very rapid turn time for rare element mining. As word gets out this could move nicely. Truly appreciate your setting this up!
Mining Scandium in Quebec Canada has a significant positive Supply Chain impact for US Defense and Green Energy initiatives
Rare Earth Metals
Some additional videos to help describe the benefits of Scandium
The Future of Scandium as a Technology Metal:
Scandium as a Technology Metal
Gianni Kovacevic, renowned expert on incumbent energy systems and CEO of Copperbank, describes Scandium benefits (@ around 4mins):
Green New Deal
If you want to help curb the MMs from attenuating the OTC market one very simple way is to lock all of your shares into a high SELL so they can't borrow against them. Other boards are doing this with greater success.
Biden is not only insufficiently sharp enough to pull off something of this magnitude but welds little power to do so. The "Office" of the President has become a facade for greater powers. The significant manipulation in the metals market is very telling of our economic future. Hopefully we can all make some $$$ before the crash. Just be sure to convert a portion of this paper TP into physical to protect yourselves. Best of luck to all!
What’s the ticker for the other lithium company chart you’re referencing?
Are your OTC trades free? I did one no-AON trade and paid commission on three different fills. Since, I haven't done anything but AON. Not interested in giving the brokers anymore money than is absolutely necessary.
Heads up to any investors looking at a potential high riser.
Ticker: IMPNF
Heads up to any investors looking at a potential high riser.
Ticker: IMPNF
I’ve been thinking the same thing for well over a year now. You’ve got to be a dumb MF’er to not rock water nowadays. Clean drinking water is running at an all time low around the world and this Bevis can’t make a solid deal to save his butt.
They should have paid a hand model to do the photo op.
Soooo this one's gone silent but still struggling to not think these guys have big plans once things settle down. Thoughts?
Yep.... leave it to the lefty’s to make it political. That and saying “the administration” is inactive when they’ve been forced to play defense against a retarded HoRs. Whatever! Can’t fix stupid gets proven time and time again. I say buy up KGKG and go long. This OTC is one of the more solid prospects. In closing to..... its “facts” not “fax”. Continue to set the bar low “nuttinbuttdafax”
lipfart
"and is now actively seeking and negotiating...." what the hell have you been doing for the last 6mths? Always the same thing with this pathetic company. Almost there! Getting close!! Now doing something really big!!! Any day now!!!! Patience pays off!!!!! Liquidating Lenny is laughable.
Does anyone know why the brokers charge a “mandatory reorganization fee” for company activities (reverse split) that do not require shareholder approval?
OTC or not why can't charges be filed against these folks for what truly appears to be criminal activity against shareholders? And Bobby should be at the top of the list as CEO. Although everyone seems to want to blame Maxim Bobby is ultimately responsible for the companies performance. Ignorance is not an acceptable answer and is often why many find themselves behind bars.
That makes no sense. Donald Trump makes money. Folks inventing in INKW are losing money. I'd bet a years worth of paychecks Donald would NEVER invest in this garbage company. But wait.... "CEO is really smart", and we just "need to be patient" to make money on this sinker.
That makes no sense. Donald Trump makes money. Folks inventing in INKW are losing money. I'd bet a years worth of paychecks Donald would NEVER invest in this garbage company. But wait.... "CEO is really smart", and we just "need to be patient" to make money on this sinker.
Water follows the path of least resistance (aka: Support). This company fails to break resistance over and over and therefore the motto is VERY fitting.
On June 19th this company announced it was "Now 99% Complete at 60,000 sq. ft. Bottling Plant, Ready to Enter $93.68 Bln Functional Drinks Market".
I work in industry and I can tell you that successful companies run parallel efforts to insure timely success. EVERYTHING this company seems to do is serial in effort; not an efficient mode of operation. Given how minor the FDA findings were there should already be contracts in queue ready to go assuming FDA approval was at hand. Back to back PR released to give shareholders confidence that the "CEO is REALLY smart".
To say I am disappointed with my investment here is quite the understatement.
BTW... I am not short on this position. Just a very disappointed shareholder.