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Infrastructure Materials Corp. is a United States exploration stage mining company incorporated under the laws of the State of Delaware and trading publicly on the NASDAQ OTC BB exchange (Symbol "IFAM") Fiscal Year End: June 30th. The Company is focused on exploration and development of cement grade limestone resources in the United States. The Company has 9 claim groups in the states of Nevada and Idaho covering 682 claims with potential for the development of significant cement grade limestone resources, and 14 silver, base metal claim groups in the State of Nevada covering 556 claims. Infrastructure Materials Corp. is well positioned to develop several significant ore bodies with cement grade limestone and silver, base metal potential that could be brought to production in the foreseeable future.
In December 2008, Infrastructure Materials Corp. (IMC) went through a name change and restructuring and has redirected its focus to the development of cement grade limestone. In accomplishing the restructuring, the Company acquired Infrastructure Materials Corp. US (IMC US) as a wholly owned subsidiary that hold limestone projects. It then incorporated Silver Reserve Corp. (SRC) as a wholly owned subsidiary to retain the name and hold the silver, base metal projects, as well as our 250 ton a day mill facility at Mina, Nevada as is illustrated in the chart below. |
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Infrastructure Materials Corp. has a strong management group led by Todd Montgomery with an exceptional track record of successfully acquiring and developing mineral properties in advance of the peak demand for the minerals. Mr. Montgomery was the founder and former President and CEO of Anglo Potash Ltd., a Canadian mining company, formally Anglo Minerals Ltd. This company was purchased by BHP in 2008. Mr. Montgomery founded Anglo Minerals Ltd. in 1994. In 1999, Mr. Montgomery founded and served as President and Chief Operating Officer of SynEnco Energy Inc., an oil sands development corporation. Prior to 1999, Mr. Montgomery also provided the oil sands properties to Oil Sands Quest an AMEX listed company. Now with Infrastructure Materials Corp. Mr. Montgomery believes cement grade limestone is another commodity with expanding demand.
Mr. Montgomery and his team have a firm belief the United States' market for cement and lime will be favorable moving forward. Regardless of the forecast increase in demand, Nevada and California currently have a significant shortfall in cement production and import a major percentage of the cement they use. Added to this is the fact that existing infrastructure in the United States has age-deteriorated and politicians are promising infrastructure expansion which will require a significant increase in cement demand.
It is management's position that the Federal and State governments in the United States will embark on major infrastructure expenditures in the near future to assist in economic recovery. This will expand the demand for materials in the limestone and cement categories. In anticipation of a robust market, the Company plans to proceed with the systematic exploration and development of its limestone projects. Management also believes that precious and base metal prices will recover in the foreseeable future warranting the maintenance of their silver/base metal projects.
Infrastructure Materials Corp. is well positioned to develop several significant ore bodies in limestone and silver and base metals that could be brought to production in the foreseeable future. The Company plan is to move one or more limestone projects to feasibility in the near future and will also seek out potential partner to assist in the development of these projects. |
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