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Industrial Metals Minerals
I would be happy to help you find some general information about the public company Industrial Metals Minerals (I Minerals), which trades on the OTCQB Venture Market under the stock symbol "IAGD."
Firstly, it is important to note that IAMG is a mineral exploration and development company focused on the mining of industrial minerals, particularly those used in the glass, ceramic, and construction industries. The company controls several mineral leases in Idaho, USA, with the potential for barite, bentonite, and diatomite deposits.
Regarding financials, IAMG reported a loss of $1.6 million for the year ended December 31, 2021, compared to a loss of $1.9 million in 2020. The company's revenue for the year ended December 31, 2021, was $1.2 million, compared to $1.3 million in 2020. While the company has yet to turn a profit, it is important to note that these figures represent a decrease in net losses year-over-year.
In terms of growth, IAMG has been focused on advancing its mineral exploration and development projects in Idaho. The company recently announced positive preliminary results from its 2021 drilling program at its flagship Helmer-Bentonite property, which is located in eastern Idaho. These results suggest the potential for the property to become a significant source of high-quality bentonite and diatomite deposits.
Another area of growth for IAMG is its recent acquisition of the Fairford Bentonite property in central Utah. The acquisition expands IAMG's presence in the industrial minerals industry, and the company plans to conduct further exploration and development work on the property in the coming years.
Finally, it is worth noting that IAMG has a relatively small market capitalization, which makes it a higher-risk investment. However, investors who believe in the potential of the industrial minerals sector and IAMG's exploration and development projects may find the company an attractive investment opportunity. As with any investment, potential investors should conduct thorough research and due diligence before making any investment decisions.