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Last C$0.23 CAD
Change Today +0.045 / 24.32%
Volume 1.5K
IMA On Other Exchanges
Symbol
Exchange
OTC US
As of 9:30 AM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

i-minerals inc (IMA) Snapshot

Open
C$0.23
Previous Close
C$0.19
Day High
C$0.23
Day Low
C$0.23
52 Week High
06/3/14 - C$0.33
52 Week Low
04/20/15 - C$0.14
Market Cap
18.2M
Average Volume 10 Days
11.3K
EPS TTM
C$-0.04
Shares Outstanding
79.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for I-MINERALS INC (IMA)

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i-minerals inc (IMA) Details

I-Minerals Inc., an exploration stage company, is engaged in the exploration and development of mineral properties. The company explores for feldspar, quartz, and kaolinitic clays, primarily kaolinite and halloysite. It holds a 100% interest in the Helmer-Bovill industrial minerals property comprising 11 mineral leases covering an area of 5,140.64 acres located in Latah County, Idaho. I-Minerals Inc. was founded in 1984 and is headquartered in Vancouver, Canada.

Founded in 1984

i-minerals inc (IMA) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $158.0K
Chief Financial Officer
Total Annual Compensation: $20.1K
Compensation as of Fiscal Year 2014.

i-minerals inc (IMA) Key Developments

I-Minerals Inc. Provides Update on Hoodoo Resources, LLC and Brent Thomson Family Trust Complaint

I-Minerals Inc. announced, further that the complaint filed against the company by Hoodoo Resources, LLC, and the Brent Thomson Family Trust (Plaintiffs) was voluntarily amended by the Plaintiffs on May 8, 2015. By this voluntary amendment, the Plaintiffs have withdrawn all claims of fraud and conspiracy against the company. The Plaintiffs have also dismissed with prejudice director Barry Girling from the lawsuit. The only causes of action remaining against the company are based upon an alleged breach of the August 10, 2002 agreement, as amended, between the company and IIM. I-Minerals also announced that it has filed a Counterclaim against the Plaintiffs seeking damages, in part, for tortious interference with contract and tortious interference with prospective economic advantage. The Counterclaim asserts that the company never breached the IIM Agreement and fully complied with its obligations under the IIM Agreement. The Counterclaim further asserts that the Plaintiffs violated the terms of the IIM Agreement by filing the lawsuit. Management of I-Minerals has steadfastly maintained that there is no merit to any of the allegations made by Plaintiffs, including the remaining claims for breach of contract. Plaintiffs' most recent withdrawal of numerous claims against the company supports and vindicates management's position. Management's position is also supported by a number of Court Orders and actions taken by the Plaintiffs that have steadily reduced and narrowed Plaintiffs' claims against the company. Plaintiffs initially filed a complaint in the United States District Court, District of Idaho, on March 4, 2014, that asserted ten separate causes of action against the Company and its former and current officers and directors based upon allegations of breach of the IIM Agreement, fraud, securities laws violations, and breach of fiduciary duties. Subsequent to I-Minerals filing a Motion to Dismiss, on June 6, 2014, the Plaintiffs voluntary dismissed the Federal lawsuit.

I-Minerals Inc. Announces the Feasibility Study of the Bovill Kaolin Project

I-Minerals Inc. announced that December 16, 2014 all contracts with respect to the feasibility study of the Bovill Kaolin Project (the "FS") have been awarded. Firms participating in the FS include: GBM Engineers LLC, HDR Engineering, Tetra Tech Inc., Mine Development Associates and SRK Consulting.GBM is reviewing the flow sheet designed as part of the June 2014 Prefeasibility Study to determine if process changes can improve the product mix and product quality. The final steps of the bulk sample processing at Ginn Mineral Technology (GMT) in Sandersville, Georgia, which include the preparation of a metakaolin product, brightness studies, and the final drying of the halloysite, are nearing completion. At the Minerals Research Laboratory in Asheville, North Carolina, the quartz/K-spar sand screened from the primary clay by GMT is being dried in preparation for bench scale testing to confirm the parameters for the full pilot plant which is expected to start operation around the first week of February.

I-Minerals Inc. Metakaolin Tests Well, Markets Developing

I-Minerals Inc. announced the results from laboratory and field testing of its Metakaolin product. Metakaolin is a natural pozzolan that is used as a partial replacement or an additive for cement in construction where high strength is needed. Testing completed to date according to ASTM Standards include: ASR Reaction, Chemical and Physical Analysis of a Natural Pozzolan, Accelerated Pozzolan Strength Activity, particle size assessment, compressive strength, and Rapid Chloride Ion Permeability test.

 

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