IMA. i-minerals inc.

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 March 2020 Prefeasibility Study on the Bovill Property envisaging annual production of 20,000 tons of kaolin and 10,000 tons of halloysite estimated initial CAPEX at US$48 million with a 20% pre-tax, 18% after tax IRR and a US$ 48 million pre-tax, US$34 million after tax NPV10%.

I-Minerals Inc.

per: “John Theobald

John Theobald,
President & CEO

Contact: I-Minerals Inc.

Barry Girling
877-303-6573 or 604-303-6573
Email:
Or visit our website at

Paul J. Searle, Investor Relations
877-303-6573 or 604-303-6573
Email:

NEITHER THE 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 NEWS RELEASE.

This News Release includes certain "forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. Actual results could differ materially from those projected as a result of the following factors, among others: changes in the world wide price of mineral market conditions, risks inherent in mineral exploration, risk associated with development, construction and mining operations, the uncertainty of future profitability and uncertainty of access to additional capital.

To view the source version of this press release, please visit

EN
15/04/2021

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on i-minerals inc.

 PRESS RELEASE

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 March 2020 Prefeasibility Study on the Bovill Property envisaging annual production of 20,000 tons of k...

 PRESS RELEASE

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 March 2020 Prefeasibility Study on the Bovill Property envisaging annual production of 20,000 tons of k...

 PRESS RELEASE

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 March 2020 Prefeasibility Study on the Bovill Property envisaging annual production of 20,000 tons of...

 PRESS RELEASE

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 Idaho. A March 2020 Pre-feasibility Study on the Bovill Property envisaging annual production of 20,000 ton...

 PRESS RELEASE

I-Minerals Receives Acceptance of Amended Operations and Reclamation P...

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 and halloysite in keeping with the company's pre-feasibility study announced in the news release of March ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch