IBC Advanced Alloys – Beryllium, exploration to market

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IBC Advanced Alloys – Beryllium, exploration to market

Overview:

IBC Advanced Alloys Corp. (IBC) is a manufacturer and world-wide supplier of advanced materials and other intermediate products with a focus on rare metals (beryllium) related alloys as well as non-ferrous alloys for a broad range of industrial applications including nuclear power, oil and gas, defense, electronics and automotive.

IBC is focused on every step of the exploration to market value chain, and is participating in leading research on the possible use of beryllium combined with uranium oxides to form a new source of fuel for nuclear power reactors. The Company has three 100% owned manufacturing divisions including Beralcast Corporation, Freedom Alloys Inc., and Nonferrous Products Inc., all based in the United States. IBC also owns 100% of several mineral properties located in Utah, Colorado and Brazil.

What We Like about IBC Advanced Alloys:

  • IBC is a revenue producing growth business.
  • IBC has blue sky and discovery potential in its exploration properties, with the investigation of a new source of fuel for nuclear power reactors through its funding of research, with Purdue and Texas A & M universities.
  • IBC is involved with every step of the exploration to market value chain.
  • Increasing demand for advanced alloys – new applications in a wide variety of rapidly growing industries.

Chief Properties:

USA

Spor Mountain – Juab County, Utah

IBC holds 371 mineral claims near Spor Mountain in Juab County, Utah, covering approximately 31 Km². The area has known beryllium deposits, as categorized in the U.S. Geological Survey and by the U.S. Bureau of Mines. Current production rates at Spor Mountain of approximately 48,000 tons of bertrandite ore annually grading 0.35% beryllium constitute nearly 60% of world production.
Beryllium was discovered in the area in the late 1950s, and for the next 40 years the region was the major source of the metal in the western world. The Spor Mountain property is adjacent to the world’s biggest beryllium mine operated by Brush Wellman.

IBC holds 371 mineral claims near Spor Mountain in Juab County, Utah, covering approximately 31 Km². The area has known beryllium deposits, as categorized in the U.S. Geological Survey and by the U.S. Bureau of Mines. Current production rates at Spor Mountain of approximately 48,000 tons of bertrandite ore annually grading 0.35% beryllium constitute nearly 60% of world production.

Beryllium was discovered in the area in the late 1950s, and for the next 40 years the region was the major source of the metal in the western world. The Spor Mountain property is adjacent to the world’s biggest beryllium mine operated by Brush Wellman.

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Boomer Mine – Park County, Colorado

Located within the Lake George beryllium area, the Boomer mine property is about 82 Km², and comprised of two mining claims (the Boomer and East Boomer lodes). From 1948-1963, the Boomer Mine was one of the largest producing beryllium mines in the USA. Mining operations were discontinued in the early 1970s due to a legal dispute between the operating partners. It is thought that the property still retains 50% of its mineable reserves. Historical estimates will be confirmed through systematic drilling, geochemical sampling, and by geophysical and geological evaluations.

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Brazil

Santa Maria de Itabira – Minas Gerais State, Brazil

The 643.74 hectare property is located in a historically prolific mining region of Brazil, known for gem varieties of beryl, emerald, aquamarine, morganite as well as associated species, topaz, tourmaline and chrysoberyl. This property sits adjacent to properties producing Gem quality beryl. The Santa Maria de Itabira pegmatites have been explored up to 100 metres horizontally and 30 metres vertically in tunnels and an underground shaft, and a total of approximately 400 metres in five of seven tunnels have been mapped.

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Coronel Murta – Minas Gerais State, Brazil

This undeveloped license area covers 342.65 hectares. The gems commonly found in the region are topaz, tourmaline and morganite (pink beryl). There is mine activity to the south of the license where feldspar, lepidolite, and some beryl crystals and morganite have been found.

Management:

Anthony Dutton – President, Chief Executive Officer and Director
Anthony is a seasoned business executive and entrepreneur with a successful track record as an early stage investor and business founder. His areas of expertise are corporate finance, business development and strategic management. He is regularly engaged in developing strategic and financial plans for early stage and high growth companies. Anthony holds a BA in Economics from the University of British Columbia and a MBA from the Cranfield School of Management in the United Kingdom. Anthony is a principal at Primary Capital Group and is also a director of several public and private companies, both in Canada and the United States.

Simon J. Anderson – Chief Financial Officer
Simon is a Chartered Accountant with extensive experience in financial reporting, corporate finance and management with public companies. He is a director or officer of several Canadian and US-listed companies ensuring public disclosure meets current standards and planning and implementing acquisitions and divestitures. Previously, Simon was a partner with an international accounting and consulting firm practicing in the areas of business valuation, mergers and acquisitions and business planning services.

Dal S. Brynelsen – Director
With over 30 years of experience in the mining industry, Dal has been the president, CEO and a director of Vangold Resources Ltd. (VAN:TSX.V) for the past 16 years and was instrumental in its restructuring. He was also the Western Manager of corporate finance for a national brokerage firm for four years during the downturn in mining and mineral exploration. He has discovered, financed and brought to production two gold mines in Canada. He is also a founding director of Griffin Mining Ltd., a $700 million company listed on the AIM Exchange in London. Griffin is the first western company to build a mine in China in the last 100 years. Dal is a member of IBC’s audit committee.

Lee Rice – Director
Lee brings significant geological expertise to IBC. He is currently serving as vice president and chief engineer of Data Technology Services, Inc., a private Colorado-based company, which he founded in 1993 and served as its president until 1995. Data Technology provides mapping and deposit evaluation services and develops processing automation and control systems for the mineral and petroleum industries.

Lee is a Registered Professional Engineer in the state of Colorado and is a Registered Member of the Society for Mining, Metallurgy, and Exploration. He worked as an exploration geologist in Humble Oil and Refining Co.’s (Exxon), Western Metals Division in 1970 and then worked for the U.S. Bureau of Mines, leaving in 1985 to found Data Technology. During his career, Lee has served as president of the Colorado Engineering Council, chairman of the Colorado Section of the Society for Mining, Metallurgy, and Exploration (SME), regional vice president and director of SME, and chairman of the Mining and Exploration Division of SME. He is currently a member of the Colorado Engineering Council, the Geological Society of America, Sigma Xi the Scientific Research Society, the Society of Economic Geologists, and the SME. Until 2001, Lee served for 23 years within the National Council of Examiners for Engineers and Surveyors (NCEES) writing and grading the national Mining and Mineral Processing professional engineering examination. He has made numerous technical presentations at professional society meetings and has been a contributing author or editor of several publications. Lee holds a B.Sc. degree in Chemistry from Case Western Reserve University and a M.A. in Geology from South Dakota School of Mines and Technology.

Denis B. Brady – Director
Denis brings an extensive business background with manufacturing operating experience and financial expertise to IBC. In 1992, he purchased Nonferrous Products Inc. and served as its president and CEO until its acquisition by IBC. In 1998, he acquired Mattco Forge, Inc., a California-based manufacturer of specialty metals forged for the global aerospace industry.

Prior to acquiring Nonferrous and Mattco, Denis was CFO and a director of Inspiration Resources Corp,. a former NYSE-listed mining company. Earlier in his career, Denis served as vice president and treasurer of The Hertz Corporation and has held other senior banking and financial positions. He has an MBA from Columbia University and a BA from Fordham University. Denis is a member of IBC’s audit committee.

Ian Slater – Director
Ian is a Chartered Accountant with over 18 years of experience in international finance in the global resource sector. He was CEO and a director of Fortress Minerals (”Fortress”), a publicly trading Canadian gold exploration and development company managed by the Lundin Group of companies and listed on the TSX Venture Exchange.

Prior to his tenure at Fortress, Ian was the Managing Partner of Ernst & Young’s Canadian mining practice. He has substantial financial experience and expertise in regions such as Central Asia and Russia, as he served as a partner with Arthur Andersen LLP where he lead their Central Asian mining practice for six years. Based in Kazakhstan with Arthur Andersen, Ian negotiated with governments at all levels on behalf of some of the resource industry’s largest companies.

Mr. Slater is currently CEO and a founding director of Slater Mining Corporation (SLM.P:TSX.V), an early stage publicly traded international mining venture. Ian is a member of IBC’s audit committee.

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