Copper Quest Exploration Inc. reports developments tied to a copper-gold mineral exploration portfolio in North America, with common shares principally listed on the Canadian Securities Exchange under CQX and quoted on OTCQB under IMIMF. Company news centers on project acquisitions, claim activity, exploration work, and technical targeting across its land holdings in Canada and the United States.
Recurring updates include the 100%-owned Kitimat Copper-Gold Project in northwestern British Columbia, AI-driven geological analysis, conductive porphyry target generation, historical mineralization context, and partnerships supporting exploration technology. The company also announces financing arrangements, securities-for-debt settlements, related-party transaction disclosures, and working-capital actions connected to its exploration programs.
Interra Copper Corp. (CSE:IMCX)(OTCQB:IMIMF) has launched its 2021 summer exploration program at the Thane property in British Columbia, covering 206.58 square kilometers. This includes a 2,400-meter drill program targeting high-priority areas identified from previous surveys. Drilling is set to start by July 15 and is expected to take about 40 days. The company is also enhancing geochemical analysis with portable XRF technology. Dave McMillan, Interim CEO, emphasized the strong cash position and the team's commitment to maximizing the exploration window for potential copper-gold mineralization.
IMC International Mining Corp. (CSE:IMCX, OTCQB:IMIMF) has appointed Jason Nickel and David McAdam as new independent Directors. Nickel brings 25 years of mining experience, having recently served as Mine Manager for a Canadian producer. McAdam has over 30 years in finance, including raising over $250 million in equity and leading more than 90 acquisitions. The Company is set to commence its 2021 exploration program in July and has engaged marketing firms for a campaign costing CDN $233,000 to enhance investor awareness.
IMC International Mining Corp. has successfully completed the second and final tranche of a private placement offering, raising $1,253,828.90 from 2,386,870 flow-through units and 5,176,366 units at prices of $0.20 and $0.15 respectively. The total proceeds from both tranches amount to $2,676,452. Funds will be allocated for exploration on the Thane Property in British Columbia and general working capital. The offering involved related party transactions, with a director purchasing 100,000 flow-through units.
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.