IMPERIAL MININGGROUP, symbol IPG on TSXV at .07 cents a share is a newly created (2018)Qu?(C)bec?EUR?based exploration and developer of base metal, gold and technology metalsdeposits. Imperial (IPG) was originally a private corporation and acquiredassets of two Canadian exploration companies "Peak Mining" and "NQExploration."
The market for the small capitalization early stage "junior" mining and exploration companies remains sluggish. However, our analysis suggests that could change soon. Since 2015, some mining stocks have experienced substantial price appreciation generally due to events such as confirmation of discoveries and exploration results. We also note that many juniors (small cap mining and exploration companies) display few offerings of size on the stock market screens which can be indicative of price bottoms. In our opinion, a bull market in mining stocks and commodities is set for exceptional upside.
The "Peak Mining Corporation" was a privatecompany that rolled its' Qu?(C)bec technology metals project(scandium-niobium-tantalum-rare earths) into Imperial Mining in exchange for shares in Imperial Mining. Atthe same time, NQ Exploration also spun out its base metal and gold projectsinto the new Imperial Mining Group for shares of Imperial Mining. The bottomline is that Imperial Mining acquired some of the assets of two companies thatit considered undervalued.
OVERALL... The ImperialMining Group's focus is copper, zinc, gold and technology metals explorationwith an initial priority on its Scandium project in northeast Quebec. We hadbeen alerted two years ago as to the potential of Peak Mining'sscandium-niobium-tantalum-rare earth projects. We recognize that Imperial Mining is an early stage junior explorationand developmental company which requires time, patience and explorationresults. We will follow its progress.
SCANDIUM is a hardening element that significantly increases the strength of aluminum and its resistance to corrosion. Scandium is currently used alloyed with aluminum for aerospace industry components and for sports equipment such as bicycle frames, iron golf shafts and baseball bats. Its use is expected to increase substantially on a much larger scale for major industrial uses as confirmation of a readily available long term adequate supply is confirmed.
Despite its obvious advantages, the military, automotive and aerospace industries have been reluctant in the past to commit to scandium on what could eventually be an enormous scale. Why? Because a long term availability of supply in North America could not be confirmed. Simply stated, it has not been used on a large industrial level since there has been no confirmed availability of supply in North America. There is a strong possibility that is about to change.
And? At $2500 per kilo, Scandium was too expensive to compete with titanium as an alloy with aluminum. Today the cost is $1200 per kilo which in the final production of the aluminum alloy is cheaper as well as with the effective improvement in strength, corrosion resistance and lightness.
KEY POINT! What we find of interest is the Crater Lake scandium project which we classify as an exceptionally undervalued asset situation. The scandium project already has exploration results suggesting that the size of the deposit could be substantial. Drilling in 2019 has been ongoing and quite successful.
Explanations of some of the Advantages of Scandium
Weight advantage explained.... using Scandiumalloyed with aluminum decreases theweight by 40% which increases fuel efficiency,
Strength advantaged explained... Scandium alloyed with aluminum increases the strength by 30% to 140%.
Flexibility advantageexplained... the Scandium aluminum alloy increases the flexibilitysubstantially in aluminum, this indicates that the possibility of breakage is farless.
Scandium's COST? The Cost per pound for Scandium is today $1140 per pound ($2.24280 per kilo). Most importantly, a very small percentage of scandium is required when it is alloyed with Aluminum. The total amount required in the scandium/aluminum alloy is less than one half of one percent (