Highcliff Metals Profile
I-Minerals Inc. engages in the acquisition, exploration, and development of mineral properties.
The company engages in the exploration, evaluation and development of its Helmer-Bovill industrial minerals property (the ‘Helmer-Bovill Property’). The Helmer-Bovill Property, in which the company holds a 100% interest, includes 11 mineral leases totaling 5,140.64 acres located approximately 6 miles northwest of Bovill, Latah County, Idaho.
Principal Projects
The company’s activities at the Helmer-Bovill Property are focused on developing the Bovill Project.
Helmer-Bovill Property
The company owns a 100% interest in its principal mineral project called the Helmer-Bovill Property. Its activities at the Helmer-Bovill Property are focused on developing the Bovill Project and the WBL Tailings Project, which are located within the Helmer-Bovill Property. The Helmer-Bovill Property is a development stage open pit mining operation, which would produce sand, kaolinite clay and halloysite clay.
The Helmer-Bovill Property hosts four different deposit types. These include primary Na-feldspar deposits, residual K-spar-quartz-kaolinite+/-halloysite deposits, transported clay deposits and K-spar-quartz tailings deposits (which are located at the WBL Tailings Project).
The Bovill Project
The company’s major project, the Bovill Project, is a long term resource of quartz, potassium feldspar, halloysite and kaolinite formed through weathering of a border phase of the Idaho Batholith causing all minerals to be contained within a fine white clay-sand mixture referred to as ‘primary clay.’ The Bovill Project is located within 3 miles of state highways with electricity and natural gas already at the property boundary. In March 2020, the company announced a pre-feasibility study of its metakaolin and halloysite operation.
Patents and Trademarks
As of June 16, 2017, the United States Patent and Trademark Office issued the company Certificates of Registration for various marks, including FortisparÒ (K feldspar), TrueQÒ (quartz), HalloPureÒ (standard halloysite), ULTRA HalloPureÒ (high purity halloysite) and I-MineralsÒ.
Government Regulations
The company’s exploration activities are regulated by the Idaho Department of Lands pursuant to the Idaho Rules Governing Exploration Surface Mining and Closure of Cyanidation Facilities pursuant to the Idaho Administrative Procedure Act.
History
I-Minerals Inc. was incorporated under the laws of British Columbia, Canada in 1984. In 2004, the company changed its corporate jurisdiction from a British Columbia company to a Canadian corporation.
