Copper Quest Stock Price, News & Analysis

IMC International Mining Corp. (CSE:IMCX)(OTCQB:IMIMF) announces its 2021 exploration program on the Thane property, including a 2,400-meter drilling initiative targeting copper-gold zones. The company plans to change its name to Interra Copper Corp. to align with its focus on copper. A marketing revamp will enhance its online presence. Drilling is scheduled to start in early July, contingent upon permit approval for a haul road. The company remains dedicated to exploring high-priority areas identified through past surveys.

IMC International Mining Corp. has successfully closed the first tranche of a private placement, issuing 6,486,870 flow-through units at $0.20 and 835,000 units at $0.15, raising $1,422,624. The proceeds will fund exploration on the Thane Property in British Columbia and support general working capital. Related party transactions occurred during the offering, with insiders purchasing a total of 700,000 units. The company has relied on exemptions from formal valuation requirements as the transaction did not exceed 25% of market cap.

IMC International Mining Corp. (OTCQB: IMIMF) has upgraded its U.S. ticker symbol to trade on the OTCQB Venture Markets, enhancing liquidity and trading experience for U.S. shareholders. The OTCQB showcases companies committed to high-quality trading standards, requiring current financial reporting and annual verification. CEO Dave McMillan emphasized the upgrade's potential to boost investor exposure. Additionally, IMC has issued 400,000 stock options to employees and consultants, exercisable at $0.25 over 18 months. IMC is focused on advancing its mining projects in British Columbia and Arizona.

IMC International Mining Corp. has initiated startup procedures for its 2021 work program at the Thane Property in BC, encompassing diamond drilling, geological mapping, and IP surveying. The program aims to follow up on previous exploration results, identifying six areas with significant mineralization. Notable findings include copper-gold samples up to 13.90% Cu and 6.85 g/t Au. The company anticipates new discoveries through targeted drilling and plans to keep investors updated on progress.

IMC International Mining Corp. announced a non-brokered private placement offering of up to 15,000,000 flow-through units at $0.35 CDN each, targeting gross proceeds of $5,250,000 CDN. The funds will be allocated for exploration on its Thane Property in British Columbia. Each unit comprises one flow-through share and half a share purchase warrant, which can be exercised at $0.50 CDN within 24 months. The offering is subject to accelerated expiry conditions based on share price performance. The company emphasizes compliance with Canadian securities laws.

IMC International Mining Corp. has signed a Letter of Intent to acquire the Chuck Creek Property in British Columbia. The property spans 33.57 square kilometers and is known for significant alluvial gold anomalies, with historical samples showing up to 78,600 ppb Au. The acquisition will involve a payment of CDN$50,000 and a 1% Net Smelter Return. CEO David McMillan emphasized the strategic importance of the acquisition, citing prime location and access to infrastructure, which will complement IMC’s existing projects, particularly the Thane Property.

IMC International Mining Corp. (OTC PINK: IMIMF) announced the ongoing analysis of summer work program results from the Thane Property. The company is financially stable, with no debt and access to up to $8M in equity funding. It has appointed Dave McMillan as Interim CEO following Brian Thurston's resignation. McMillan brings over 40 years of experience in mining and finance. Additionally, IMC granted 1M stock options to directors. The Thane Property, located in British Columbia, covers 206 km² and is strategically situated between two major mines.

IMC International Mining Corp. (OTC:IMIMF) announced the appointment of Dave McMillan as a Director and Interim President. Having previously served on the Board, McMillan brings over 40 years of mining and financial market experience. His notable contributions include financing junior exploration companies that discovered resources for significant mines in British Columbia. The Board expresses confidence in McMillan's leadership to drive growth and enhance shareholder value.

IMC International Mining Corp. (CSE:IMCX, OTC:IMIMF, FRA:3MX) has successfully completed a 10-week summer work program at its Thane Property in British Columbia. This program included ground geophysics and sampling, with 194 rock samples and 467 soil samples collected. Weather delays pushed the geophysical survey start to August 9th, covering 11.6 kilometers. A new mineral showing was discovered in the Cathedral Area, enhancing exploration potential. CEO Brian Thurston expressed satisfaction with the progress and emphasized the importance of the data for upcoming drilling plans.