Last C$0.07 CAD
Change Today -0.005 / -6.67%
Volume 44.5K
As of 10:31 AM 09/30/14 All times are local (Market data is delayed by at least 15 minutes).

inspiration mining corp (ISM) Snapshot

Open
C$0.07
Previous Close
C$0.08
Day High
C$0.07
Day Low
C$0.06
52 Week High
05/27/14 - C$0.22
52 Week Low
10/21/13 - C$0.04
Market Cap
5.7M
Average Volume 10 Days
191.6K
EPS TTM
C$-0.09
Shares Outstanding
82.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for INSPIRATION MINING CORP (ISM)

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inspiration mining corp (ISM) Details

Inspiration Mining Corporation acquires, explores, and develops mineral properties in Canada, the United States, and Chile. The company primarily explores for nickel, gold, copper, and molybdenum. The company owns a 100% interest in the Langmuir property comprising 28 unpatented and 2 patented contiguous claims covering an area of approximately 1,130 hectares, located in Ontario; and holds a 100% interest in the Dry Fork property consisting of 31 contiguous lode claims covering 246 hectares located in Salt Lake and Tooele counties, Utah. It also owns interests in the Desrosiers property, which comprises 6 claim units located in the Desrosiers Township, Ontario; and the Cleaver Douglas properties consisting of 19 mining claims covering an area of approximately 11,000 acres in Ontario. The company was formerly known as Consolidated Taywin Resources Ltd. and changed its name to Inspiration Mining Corporation in April 1996. Inspiration Mining Corporation is headquartered in Toronto, Canada.

inspiration mining corp (ISM) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

inspiration mining corp (ISM) Key Developments

Inspiration Mining Corporation Provides Update on Current Operations of its Langmuir Property

Inspiration Mining Corporation provided an update as to its current operations at its Langmuir property. The corporation continues to move towards converting its claims in to a lease and is in the final phase of such process. Once the claims have been converted into leases, the claims will be treated as real estate wholly owned by the corporation and will no longer be subject to any payments to the Government of Ontario. In addition, the corporation intends to begin the process of dewatering the existing ramp to the Langmuir No. 1 mine. The Langmuir No. 1 mine was actively producing until such time that it was closed in 1992 as a result of Timmins Nickel filing for bankruptcy. Prior to its closure, the Langmuir No. 1 mine produced in excess of 100,000 tones, grading over 2.2% nickel. The Langmuir Property consists of a number of generally continuous claim groups covering well over 11 square kms. The extensive nickel mineralization identified to date occurs at various zones, separated by in distances and in depth. To date the corporation has completed approximately 90,000 meters of drilling. Although additional zones of nickel mineralization of significance have been identified, the Corporation's exploration activities were focused on preparing its National Instrument 43-101 - Standards of Disclosure for Mineral Projects compliant resource estimate report for the Langmuir North Deposit and the Langmuir No. 1 Deposit. The Langmuir North deposit lies in the extreme north-eastern area of what is referred to as the Langmuir Claims. An aggregate of 34,000 meters of drilling was completed in 170 drill holes at the Langmuir North location to a depth of 340 meters from surface. As the mineralization was still open at that depth, only the mineralization to that depth was considered in the technical reports published to this time. Notwithstanding that, the Micon Report notes that the full resource of the Langmuir North strike is not yet fully determined.

Inspiration Mining Corporation Approves Amendment to By-Laws

Inspiration Mining Corporation announced that on March 4, 2014, the board of directors approved and adopted an amendment to its by-laws to include advance notice provisions, the purpose of which is to require advance notice to the Corporation in circumstances where nominations of persons for election to the Board are made by shareholders of the Corporation other than pursuant to a requisition of a meeting of Shareholders made pursuant to the provisions of the Business Corporations Act or a shareholder proposal made pursuant to the provisions of the Act. The Policy fixes a deadline by which Shareholders must submit director nominations to the secretary of the Corporation prior to any annual or special meeting of Shareholders and sets forth the specific information that a Shareholder must include in the written notice to the secretary of the Corporation for an effective nomination to occur. No person will be eligible for election as a director of the Corporation unless nominated in accordance with the provisions of the Policy. The Board believes that the amendments provide a clear and transparent process for all Shareholders to follow if they intend to nominate directors. In that regard, the amendments provide a reasonable time frame for Shareholders to notify the Corporation of their intention to nominate directors and require Shareholders to disclose information concerning the proposed nominees that is mandated by applicable securities laws. The Board will be able to evaluate the proposed nominees' qualifications and suitability as directors, and respond as appropriate in the best interests of the Corporation. The amendments are also intended to facilitate an orderly and efficient meeting process. In the case of an annual meeting of Shareholders, notice to the Corporation must be made not less than 30 nor more than 65 days prior to the date of the annual meeting; provided, however, that in the event that the annual meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual meeting was made, notice may be made not later than the close of business on the 10th day following such public announcement. In the case of a special meeting of Shareholders (which is not also an annual meeting), notice to the Corporation must be made not later than the close of business on the 15th day following the day on which the first public announcement of the date of the special meeting was made. The Policy is effective immediately and will be placed before Shareholders for ratification at the upcoming annual general and special meeting of Shareholders to be held on April 4, 2014. If the Policy is not confirmed at the Meeting by resolution of Shareholders, the Policy will terminate and be of no further force and effect following the termination of the Meeting.

Inspiration Mining Corporation, Board Meeting, Mar 04, 2014

Inspiration Mining Corporation, Board Meeting, Mar 04, 2014. Agenda: To approve amendment to its by-laws to include advance notice provisions, the purpose of which is to require advance notice to the corporation in circumstances where nominations of persons for election to the Board are made by shareholders of the corporation other than pursuant to a requisition of a meeting of Shareholders made pursuant to the provisions of the Business corporations Act or a shareholder proposal made pursuant to the provisions of the Act.

 

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