Crater Lake

Imperial Mining Announces Closing of an Additional $300,000 Private Placement of Flow-Through Shares

Retrieved on: 
Thursday, December 29, 2022

“I am very thankful of the continued financial support we have received from WCPD to advance the development of the Crater Lake scandium-rare earth project,” said Imperial President & CEO, Peter Cashin.

Key Points: 
  • “I am very thankful of the continued financial support we have received from WCPD to advance the development of the Crater Lake scandium-rare earth project,” said Imperial President & CEO, Peter Cashin.
  • “This financing added important, new high-net worth international investors into the Imperial Mining fold.
  • The Shares were issued as part of a charity flow-through arrangement.
  • No commission or finders’ fee was paid by the Corporation in connection with this Offering.

Imperial Mining Strikes Collaborative Agreement with Développement Economique Sept-îles in Support of the Crater Lake Processing Complex

Retrieved on: 
Thursday, December 29, 2022

Imperial’s President & CEO, Mr. Peter Cashin, “DESI is proving to be an exceptional facilitator with local stakeholders.

Key Points: 
  • Imperial’s President & CEO, Mr. Peter Cashin, “DESI is proving to be an exceptional facilitator with local stakeholders.
  • Communicate and favor of the integration of project in the Plan Nord and integration of logistical partners necessary for the Project.
  • Support the efforts of Imperial in accessing the different resources and government support of the region.
  • Support Imperial mainly by suggesting strategic and operational directions to obtain social acceptability and environmental licence to operate.

Imperial Mining Intersects 378 g/t Sc2O3 over 24.68 m in a New High-Grade Zone at Crater Lake, Quebec

Retrieved on: 
Wednesday, December 14, 2022

MONTREAL, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. ("Imperial") (TSX VENTURE: IPG; OTCQB: IMPNF) is pleased to announce that it has received the remaining results from the Crater Lake Summer 2022 drilling program on the TG scandium-rare earth mineralized zone. Assay results continue to return substantial intersection widths of scandium-bearing olivine rich ferrosyenite and a new, higher-grade scandium bearing pyroxene-rich ferrosyenite zone (Tables 1 and 2) reported earlier (see Imperial Press release - NOV 17-22). With all of the results in, Imperial plans to undertake an updated 43-101 Mineral Resource Estimate with the goal of converting all of the Inferred Mineral Resources into the Indicated or Measured Mineral Resources category (see Imperial Mining Press Release - SEP 23, 2021).

Key Points: 
  • Elevated levels of total rare earth oxides plus yttrium (TREO+Y) of up to 0.506% characterize this new scandium-bearing horizon.
  • At a gold price of $1,790US/oz and a scandium oxide price of $1,500US/kg, the intersections represent a gold-equivalent value of 7.5 to 9.9 g/t Au.
  • MONTREAL, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. ("Imperial") (TSX VENTURE: IPG; OTCQB: IMPNF) is pleased to announce that it has received the remaining results from the Crater Lake Summer 2022 drilling program on the TG scandium-rare earth mineralized zone.
  • Individual drill assay grades of up to 602 g/t Sc2O3 were returned from this new system.

Dasera’s Crater Lake Release Further Automates Data Governance and Security Operations

Retrieved on: 
Wednesday, September 7, 2022

Dasera , the leader in helping organizations operationalize their data governance and data security programs, announced its newest Crater Lake release.

Key Points: 
  • Dasera , the leader in helping organizations operationalize their data governance and data security programs, announced its newest Crater Lake release.
  • View the full release here: https://www.businesswire.com/news/home/20220907005414/en/
    Daseras Crater Lake Release Further Automates Data Governance and Security Operations (Graphic: Business Wire)
    Crater Lake is the deepest lake in the United States.
  • Crater Lake fosters more effective data governance and data security to address one of the main problems companies are facing - lack of data ownership and cross-functional collaborations.
  • Since data governance is a shared responsibility, it requires a significant level of collaboration across Security, Data, and Compliance teams.

Imperial Mining Files Preliminary Economic Assessment Technical Report for The Crater Lake Project On SEDAR

Retrieved on: 
Thursday, July 28, 2022

MONTREAL, July 28, 2022 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. ("Imperial") (TSX VENTURE: IPG; OTCQB: IMPNF) is pleased to announce that, further to its news release dated June, 13, 2022, the Company has filed a technical report detailing the Preliminary Economic Assessment of the Crater Lake Scandium-Rare Earth Project east of Schefferville, Quebec (the "PEA").

Key Points: 
  • MONTREAL, July 28, 2022 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. ("Imperial") (TSX VENTURE: IPG; OTCQB: IMPNF) is pleased to announce that, further to its news release dated June, 13, 2022, the Company has filed a technical report detailing the Preliminary Economic Assessment of the Crater Lake Scandium-Rare Earth Project east of Schefferville, Quebec (the "PEA").
  • The technical report was independently prepared for Imperial Mining Group Ltd. by WSP Canada.
  • The report, titled "CRATER LAKE SCANDIUM PROJECT, PRELIMINARY ECONOMIC ASSESSMENT: NATIONAL INSTRUMENT(NI) 43-101 REPORT" has been filed on the Company's profile on SEDAR at www.sedar.com as at July 28, 2022 and is also available on Imperial Mining Groups website on the Crater Lake Project Page .
  • ABOUT IMPERIAL MINING GROUP LTD.
    Imperial is a Canadian mineral exploration and development company focused on the advancement of its technology metals projects in Qubec.

Imperial Mining Increases Scandium and Rare Earth Recoveries on Its Crater Lake Development Project, Quebec

Retrieved on: 
Tuesday, July 12, 2022

The program is partially financed from a $245,355 grant from the Quebec Ministry of Energy and Natural Resources ( see Imperial Mining Press Release - FEB 8, 2022 ).

Key Points: 
  • The program is partially financed from a $245,355 grant from the Quebec Ministry of Energy and Natural Resources ( see Imperial Mining Press Release - FEB 8, 2022 ).
  • The greatly improved metal recoveries will positively impact the financial model presented in Imperials recent PEA announcement ( see Imperial Mining Press Release - JUN 13-22 ).
  • In addition to the improved scandium and rare earth recoveries, the programs objectives are to lower project operating and capital costs and reduce carbon footprint of the metallurgical process.
  • Imperial Mining work will be geared towards work required to move the Crater Lake scandium-rare earth project towards Definitive Feasibility Study activities.

Imperial Mining Receives Positive Results for the Preliminary Economic Assessment (PEA) for Crater Lake

Retrieved on: 
Monday, June 13, 2022

MONTREAL, June 13, 2022 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. ("Imperial") (TSX VENTURE: IPG; OTCQB: IMPNF) is pleased to announce that it has received results of a positive Preliminary Economic Assessment (PEA) for the Crater Lake TG Zone Scandium-Rare Earth Element (Sc-REE) deposit from Imperial’s independent consultants, WSP Canada (“WSP”). The results show positive cash-flow, strong Internal Rate of Return (IRR) and Net Present Value (NPV) metrics at discount rates of up to 15% for a potential mining operation at the Crater Lake, Quebec (Table 1). The Crater Lake property is in northeastern Québec, approximately 200 km east northeast of Schefferville, Québec (Figure 1).

Key Points: 
  • We believe that the financial-model estimates used in the PEA are conservative, as they apply discounted and historical average metal pricing.
  • The WSP study utilizes an open-pit mining operation model and a scandium price deemed conservative, below the 2021 USGS trailing five-year average price.
  • These PEA results have demonstrated the economic viability of the project and the projects capability in achieving high Sc and REE recoveries.
  • The definition drilling was completed over the northern half (Northern Lobe) of the magnetic target that defines the TG Zone.

Imperial Mining Provides 2022 Corporate Update

Retrieved on: 
Tuesday, March 15, 2022

The work currently being undertaken with partner Eck Industries ( see Imperial Mining Press Release - SEP 28, 2021 ) is central to this effort.

Key Points: 
  • The work currently being undertaken with partner Eck Industries ( see Imperial Mining Press Release - SEP 28, 2021 ) is central to this effort.
  • In addition, Imperial has been researching the market potential of scandium oxide input Solid Oxide Fuel Cells (SOFCs), currently patented by Bloom Energy ( https://www.bloomenergy.com/ ).
  • The program, which started on January 31, 2022, is partially financed from a $245,355 grant from the Quebec Ministry of Energy and Natural Resources ( see Imperial Mining Press Release - FEB 8, 2022 ).
  • ABOUT IMPERIAL MINING GROUP LTD.
    Imperial is a Canadian mineral exploration and development company focused on the advancement of its technology metals projects in Qubec.

Imperial Mining Awarded $245,355 from the Quebec Government to Optimize its Crater Lake Scandium Recovery Process

Retrieved on: 
Tuesday, February 8, 2022

The optimization work is intended to improve the scandium recovery, lower mine operating costs and reduce carbon footprint of Imperials metallurgical process.

Key Points: 
  • The optimization work is intended to improve the scandium recovery, lower mine operating costs and reduce carbon footprint of Imperials metallurgical process.
  • This award is a key step in Imperials long-term strategic goal of becoming the premier global supplier of scandium.
  • The grant is related to a four-year, $4.25-million financial support program announced by the Quebec Ministry of Energy and Natural Resources in September 2021.
  • Results from the work will aid in the engineering design of Imperials pilot plant for the Crater Lake project.

Imperial Mining Awarded a $100,700 Grant to Undertake a Comprehensive Scandium Market Study

Retrieved on: 
Monday, December 20, 2021

MONTREAL, Dec. 20, 2021 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. ("Imperial") (TSX VENTURE: IPG; OTCQB: IMPNF) is pleased to announce that it has partnered with Investment Quebec and the Baie-Comeau Regional Industrial Development Agency (IDM) to undertake a comprehensive scandium market study.

Key Points: 
  • MONTREAL, Dec. 20, 2021 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. ("Imperial") (TSX VENTURE: IPG; OTCQB: IMPNF) is pleased to announce that it has partnered with Investment Quebec and the Baie-Comeau Regional Industrial Development Agency (IDM) to undertake a comprehensive scandium market study.
  • In July 2021, a collaboration agreement was signed between Imperial Mining Group and Innovation et Dveloppement Manicouagan.
  • The study will be addressing two broad themes, being:
    Conduct market analysis of the potential scandium downstream applications, including identifying key trends, manufacturing techniques emerging market segments, including evaluating each market for cost sensitivity.
  • The market study work commenced on October 22, 2021 and will be completed by the end of Q1 2022.