UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
August 9, 2016
Date of Report
(Date of earliest event reported)
INCEPTION MINING INC.
(Exact name of Registrant as specified in its Charter)
| Nevada | 000-55219 | 35-2302128 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
5330 South 900 East, Suite 280, Murray, Utah 84107
(Address of Principal Executive Offices)
801-312-8113
(Registrant’s Telephone Number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see general instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14-a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 7.01 REGULATION FD DISCLOSURE
On August 9, 2016, Inception Mining Inc. (the “Company”) announced its production for the first two fiscal quarters via a press release, a copy of which is attached as Exhibit 99.1.
In accordance with General Instruction B.2 of this Current Report on Form 8-K, the information presented in Item 7.01 of this Current Report on Form 8-K and Exhibit 99.1 shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, unless the Company specifically states that the information is to be considered “filed” under the Exchange Act or incorporates it by reference into a filing under the Securities Act of 1933, as amended, or the Exchange Act.
Item 9.01 Exhibits
| 99.1 | Press Release dated August 9, 2016. |
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.
| INCEPTION MINING INC. | ||||
| Date: | August 9, 2016 | By: | /s/ Michael Ahlin | |
| Name: | Michael Ahlin | |||
| Title: | Chief Executive Officer | |||
INCEPTION MINING INC.
Announces 2016 Production for its First Two Quarters
SALT LAKE CITY, UTAH. August 9,2016— INCEPTION MINING INC. (OTC QB: IMII) (“Inception” or the “Company”) today announced the production results for its first two fiscal quarters from its Cerros Del Sur operation in Honduras. The Cerros Del Sur operation is the principal operation of Clavo Rico Ltd., a wholly-owned subsidiary of the Company.
Production for the first two fiscal quarters (from January, 1 2016 through June 30, 2016) was 2,927 oz. (gold equivalent was calculated using the June 30, 2016 closing price for Gold of $1330.60 and Silver of $19.18), while physical shipments and sales through that same period were 2,638 oz. (gold equivalent). During this period, the average recovery rate for gold was 1.67 grams per ton. The Company processed over 48,962 tons of ore from historical tailings and several open pit ore bodies, utilizing its 650,000-ton membrane lined leach system and ADR recovery plant.
Clavo Rico Ltd.’s principal mining operations in Honduras, Central America operate via a majority-owned subsidiary having positive revenue and significant resources. Its mining concessions include several historical underground operations dating back to the early Mayan and Spanish occupation.
Since merging with this operation in October 2015, the Company has secured additional acreage and embarked on a drilling program designed to develop a resource analysis and profile the reserves. Core samples are being delivered to an independent lab in Reno, Nevada for evaluation. The Company is confident that owned and profiled reserves are sufficient to maximize the existing leach pad and support the planned exploration program with an expanded NI 43-101.
Michael Ahlin, the Company’s CEO stated, “While our extensive historical data can be the basis for an acquisition and continued operations, we believe that new data is necessary for the continued progression of the project. We are very fortunate to have found a project that has proven production with targeted margins extensive resource potential.”
About Inception Mining Inc.
We are a minerals resource company engaged in the production of precious metals, primarily gold. Our activities include acquisition, exploration, and development of gold- related properties. Our primary target projects are those that have been the subject of historical exploration and have significant supporting data.
Forward-Looking Statements
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements with respect to the potential mineralization and geological merits of the Company properties. There can be no assurance statements will prove to be accurate and actual results and future events could differ materially from anticipated in such statements.
Inception Mining Inc. disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events except as required by applicable securities legislation.
SOURCE: Inception Mining Inc.
(OTC QB: IMII)
5330
South, 900 E. Suite 280
Salt Lake City, Utah 84117
Michael Ahlin, CEO
(801) 312-8113 Ext. 102
www.inceptionmining.com