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Inception Mining Inc   (IMII)
Other Ticker:  
 
    Sector  Basic Materials    Industry Metal Mining
   Industry Metal Mining
   Sector  Basic Materials
 
Price: $0.0017 $0.00 30.769%
Day's High: $0.0017 Week Perf: 41.67 %
Day's Low: $ 0.00 30 Day Perf: 6.25 %
Volume (M): 45 52 Wk High: $ 0.00
Volume (M$): $ 0 52 Wk Avg: $0.00
Open: $0.00 52 Wk Low: $0.00



 Market Capitalization (Millions $) 4
 Shares Outstanding (Millions) 2,495
 Employees 95
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 13
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Inception Mining Inc

We are a mining company that was formed in Nevada on July 2, 2007. As a mining company, we are engaged in the production of precious metals. Our activities are not limited to production and they also include production, acquisition, exploration, and development of mineral properties, primarily for gold, from owned mining properties. Inception Mining has acquired two projects, as described below. Our target properties are those that have been the subject of historical exploration. We have generated revenue from mining operations.

On January 11, 2016, the Company authorized a 5.5:1 reverse stock split on its shares of common stock with a record date of January 11, 2016. On May 25, 2016, FINRA approved the Reverse Split, with a market effective date of May 26, 2016.

On October 2, 2015, the Company consummated a merger with Clavo Rico Ltd. (“Clavo Rico”). Clavo Rico is a privately held Turks and Caicos company with principal operations in Honduras, Central America. Clavo Rico operates the Clavo Rico mining concession through its subsidiaries Compañía Minera Cerros del Sur, S.A de C.V. and Compañía Minera Clavo Rico, S.A. de C.V. and holds other mining concessions. Its workings include several historical underground mining operations dating back to the early Mayan and Spanish occupation.

On February 25, 2013, the Company acquired certain real property and the associated exploration permits and mineral rights commonly known as the U.P. and Burlington Gold Mine (“UP and Burlington”) pursuant to that certain asset purchase agreement entered between the Company, its majority shareholder (the “Majority Shareholder”), and its wholly-owned subsidiary, Inception Development Inc. (the “Subsidiary”) on one hand, and Inception Resources on the other hand, dated February 25, 2013 (the “Asset Purchase Agreement”). We are presently in the exploration stage at UP and Burlington. UP and Burlington contains two Federal patented mining claims which Inception Resources acquired for the purpose of the exploration and potential development of gold on the 40 acres which comprises UP and Burlington.

As part of our initial Plan of Operations for UP and Burlington, we have two-phases. During Phase I, we have obtained the necessary permitting to make an additional access road and surface improvements. We have implemented a bulk sample project on the surface of a 2,500 foot per day-lighted vein to depths of 40-60 feet. We plan to implement a Confirmatory Core Drilling Program that will be (NI43-101) compliant, with Vein Definition and Valuations. In Phase II, we plan to contract with an underground miner or mining company, develop an operational plan, expand portal development leveraging existing underground access and implement underground mining to a depth based on optimizing costs versus processed ore value. There is no guarantee that we will be successful in implementing either Phase I or Phase II.

The Company and its independent consultants are developing a detailed exploration-drilling program to confirm and expand mineralized zones in these mines and collect additional environmental and technical data. The first phase of confirmation and expansion was initiated in 2015 and the Company continued evaluation of the project, metallurgical testing, engineering, environmental programs and studies during 2016. The Company plans to continue to update the historic feasibility study and environmental permit applications.



   Company Address: 5330 South 900 East Murray 84117 UT
   Company Phone Number: 312-8113   Stock Exchange / Ticker: IMII
   IMII is expected to report next financial results on April 16, 2024.


Customers recorded net loss Customers recorded net loss



• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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• View Complete Report
   



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