Imperial Mining Group Ltd. (IPG.V)

Imperial just released plans for '2021 $2M Program For Crater Lake Scandium & REE Project;

Definition diamond drilling on the TG Zone deposit
Completion of the metallurgical process flowsheet for known mineralization
Delivery of a 43-101 compliant Resource Estimate
Completion of a 43-101 Preliminary Economic Assessment (PEA) for the TG Zone Resource.

We should see steady and significant growth in share price as their activities progress throughout '2021.

It's being reported that in November, 2020 there were significant price increases in the Rare Earth Elements ("REEs"). In their Oxide form ("REO"), the largest price increases have been in the costliest top six Oxides ranging from over 16% to over 47% by month end. The six include Neodymium, Holium, Neodymium-Praseodymium, Terbium, Praseodymium and Dysprosium.

On December 1, China announced the imposition of export controls, widely seen to be in retaliation for recent actions taken by the USA restricting the supply of electronic materials to China and for the ban on Huawei's G5 broadband equipment.

Imperial Mining Group Ltd. and partner FusiA Groupe are pleased to announce that they have been awarded funding, as a Consortium, for a scandium-aluminum material R&D project valued at CAN$2,600,520 from a Federally-funded not-for-profit institution. The project will focus on the industrialization and the development of a vertically integrated supply chain for a scandium-aluminum alloy for 3D printing. The project funding support will be distributed on a 70:30 basis between Imperial and FusiA, respectively.

The project submission process and selection criteria are extremely rigorous, including a detailed financial review, extensive documentation, and assessment by a panel of five independent experts. By being awarded this funding, the Consortium has shown that it is poised to promote job growth, spur on new innovations and support Canada’s industrial landscape.

I have compared the PEA with other miners and have come to the conclusion that the marketcap should be just over the 100 million mark. We would need a stock price of .55 which is extremely consevative as they have considerable discounted commodity price assumptions. So the upside could be great. Also there are further zones that further add to their resource. We just need to wait for their inferred resource to join the indicated with some tighter drilling. I feel that 100m is fair price curently, with higher potential with becoming the lead scandium producer in North America. Rio Tinto is showing that a major is interested in the scandium market, even with their small output. A steady supply will do wonders for this future market. Taking the shares while they are cheap. This will probably get a buy out or joint venture... great jurisdiction and in these times supply close to home matters. PEA should be a wake up call, now should fastrack the drilling. My call is for .55 based on their PEA.

That recent low at 13 cents was a perfect chance to buy into IPG at a discount. We are creeping back up the charts now. And without any surprises! Their Crater Lake Scandium & Rare Earth Elements property is a gem!! Just check the recent developments and what they already announced is coming in 2021. Easy to see that SP will only rise. Might explode - I think there is a very good change that this might be the case;

1. March 18, 2021 $IPG is awarded a $90,000 Federal Grant for Scandium Material Research with McMaster University. When the Federal Government gets involved you know that good things are coming. Cooperation with McMaster is a very welcome development.
2. Then on May 18, 2021 it was announced that $IPG and Eck Industries Executed a Letter of Intent for Collaborative Scandium Material Research & Development.
3. June 9, 2021 - Imperial Mining Develops High-Recovery Extraction Process for Scandium and Rare Earth Elements for Crater Lake Mineralization.
4. Then June 23, 2021 Imperial Mining Receives Final Crater Lake Drill Results: Data Sent to Engineers for 43-101 Resource Estimation on TG Zone.

Now we are waiting for the big news on 43-101 Resource Estimate. This alone could send SP soaring. It should be done by the end of July. With the resource estimation in hand, likely in July, and completion of the metallurgical flowsheet, $IPG will commence work on delivering a Preliminary Economic Assessment (PEA) for the project some time this fall, as originally scheduled.

When the PEA comes in $IPG should be anywhere between 50 cents to $1.00. This is a golden opportunity!! I've been increasing my position accordingly. I think there is time to do that until the 43-101 comes in and then we will see high SP. On the other hand this is a virtually zero risk bet. No way this will slide. Only upside here. Only question is how high will this go and within what period of time.