Inomin Mines

Overview

Global initiatives to lower carbon emissions to fight climate change and pollution is creating a paradigm shift across sectors. Among the changes decarburization and a greening world is creating, is a greater need for critical minerals. The International Energy Agency estimates the demand for critical minerals will increase six-fold by 2040. Except in China, almost all critical minerals are in critically short supply. As a consequence of rising demand amid supply constraints, some of these minerals, including lithium, magnesium and nickel, have increased considerably in price.

In spring 2022, Inomin Mines (TSXV:MINE) announced a major magnesium-nickel-cobalt discovery at the company’s Beaver property located in south-central, British Columbia, Canada. Inomin’s inaugural drilling program intersected long intervals of these critical minerals, including 252.1 metres (827 feet) grading 20.6 percent magnesium, 0.16 percent nickel, and 0.33 percent chromium. Drilling also discovered other important commodities including chromium, copper and silver.

The company identified previously unreported significant magnesium (Mg) grades from historical 2014 drilling on the Beaver property. Highlights include BN14-23 which reported 100.6 meters at an average grade of 21.5 percent Mg with 0.14 percent nickel. These holes were drilled in the Skelton and Ring zones - not drill tested by Inomin in the 2021 drilling campaign - as well as the North Lobe zone. Inomin also has staked 1,516 hectares of mineral claims to enlarge the Beaver-Lynx critical minerals project to 22,436 hectares. The new claims were acquired to cover prospective magnetic targets identified by airborne surveys.

Like Inomin’s Canadian projects, in Mexico the company has acquired highly prospective properties where initial exploration has found extensive areas of gold and silver mineralization. A 43-101 technical report summarizing exploration at the La Gitana property – including drilling – states that La Gitana hosts a significant gold-silver deposit open to expansion.

"I doubt you could find another junior explorer on the Canadian junior stock exchanges with a lower valuation that has properties of this caliber. Inomin belongs in everyone's junior exploration portfolio."

Ron Struthers of Struthers' Resource Stock Report

Company Highlights

• Inomin has advanced critical minerals and precious metals exploration projects hosting large mineral systems with excellent potential to delineate significant resources.
• Inomin’s inaugural drilling at Beaver property made a major magnesium-nickel- chromium-cobalt discovery. Further drilling is planned to test the large 5- to 6-kilometer-long discovery area.
• The Beaver and Lynx properties leverage excellent infrastructure including hydropower, paved roads, and leading mining regulations, providing a preferred clean source of critical minerals.
• Inomin reported positive initial test results carried out by the researchers at the University of British Columbia demonstrating the potential for carbon capture and storage at its Beaver critical minerals project (magnesium-nickel-chromium-cobalt) in south-central British Columbia.
• The company’s La Gitana gold-silver project leverages a drill discovery made by past joint property owners Chesapeake Gold and Goldcorp (now Newmont Corporation).
• Inomin has a strong management team dedicated to creating value for shareholders and the communities where the company operates.