The Company completed negotiations and is approaching to close the following deals with the investors to start mining on Kamushanovskoye U deposit:
1. Off–take contract with a Metal Trader from the UK to buy minimum 30% of the produced U with $200K paid by the end of August and a commitment to raise $7M for CAPEX/OPEX. The deal is at the final stage with our UK lawyers, to be executed before the end of August.
2. MOU and offer from a UK/Swiss investor to acquire 49% of the project for $10M. Due diligence should commence, at the latest, in mid September. DD period 3-4 months. Closing planned date March-April 2018.
3. Opened negotiations with a planned new listed vehicle to invest in uranium projects, with IMC targeted as their first investment. Time scale 3rd-4th Quarter 2017. Several investors interested in a listed vehicle for an investment in IMC.
The NPV of the project is $24M with the current low U price. Production planned in 18-24 months. U market analyses forecast price to grow to $60/lb by 2020.
January 2016 - company news
February 2014 - company news
January 2011 - company news
January 2009. Company news.
August 2008. Company operations report, U exploration
July 2007. IMC Invest is pleased to announce the major and very prositive
Exploration results of its Kamyshanovskoe Uranium licinse area.
JORC Indicated resources were confirmed. Please, see attached Snowden
March 2007. IMC Invest is pleased to announce the major and very positive Production and
Exploration Results of its Kyrqyz projects. Please, see attached Snowden Site Visit and
Technical Review for 2006.
April - June 2006. IMC Invest is pleased to announce the major and positive Production, Exploration and
Development news of its Kyrgyz projects.
Kyrgyzstan Exploration: 2005 Season - results
Kyrgyzstan Exploration: Season 2004 – results
Season 2005 – plan of works
International Mining Company
Invest participated in the International
Convention, Trade Show & Investors Exchange.
IMC has participate in the international convention held on
2 February 2005 in the capital of Kyrgyz Republic, Bishkek,
which focused on "Application of Methods of
Visualization of Fine Physical Fields for the Purposes
of Geological Exploration".