INCEPTION MINING INC. (OTCMKTS:IMII) Files An 8-K Other EventsItem 8.01 Other Events
Joint Venture Agreement with Corpus Mining and Exploration
On October 16, 2017, Inception Mining, Inc. (“Inception”), a Nevada corporation, entered into a joint venture agreement (the “Agreement”) and subsequent amendment with Corpus Mining and Exploration, LTD., (“Corpus”) a Turks and Caicos Islands company that is effective as of October 1, 2017.
Corpus is a mineral exploration company that desires to locate and quantify precious metals in Honduras and is willing to provide the necessary funds to carry out this objective. Inception’s various mineral concessions located in Honduras and desire to locate the capital necessary to explore and determine the precious metals content on such concession prove the ideal opportunity for the Parties to form a joint venture.
The Parties shall form a jointly owned joint venture company to facilitate the exploration, drilling, and evaluation of the mineral resources in the Concessions. Under the Agreement, Inception will provide management services to direct the exploration and drilling of the mineral resources and will introduce and negotiate with drilling companies to complete the investigations and evaluations of the Concessions, among other things. Corpus will provide the capital necessary to complete the exploration and drilling of the Concessions.
The foregoing description of the Agreement is a summary and is qualified in its entirety by the terms of the Joint Venture Agreement, a copy of which is filed as Exhibit 99.1 to this report.
Item 9.01 Financial Statements and Exhibits.
The exhibit listed in the following Exhibit Index is filed as part of this report:
| 99.1 | Joint Venture Agreement, as amended |
INCEPTION MINING INC. ExhibitEX-99.1 2 ex99-1.htm JOINT VENTURE AGREEMENT This Joint Venture Agreement (the “Agreement”) is entered into October 16,…To view the full exhibit click here
About INCEPTION MINING INC. (OTCMKTS:IMII)
Inception Mining, Inc. is a mining exploration-stage company. The Company is engaged in the acquisition, exploration, and development of mineral properties, primarily for gold, from owned mining properties. The Company is in the exploration stage at U.P. and Burlington Gold Mine (UP & Burlington). UP & Burlington consists of approximately two Federal patented mining claims located near Salmon, Idaho. The Company is focused on an exploration project in Northern Nevada. In addition, the Company owns and operates the Clavo Rico mine. The Clavo Rico mine is located on approximately 200 hectares Clavo Rico Concession, located in southern Honduras.
