Business
Inomin Sets the Record Straight
Vancouver, British Columbia--(Newsfile Corp. - April 4, 2022) - Inomin Mines Inc. (TSXV: MI...
About this update from Inomin Mines Inc
[{"type":"text","content":"Inomin Sets the Record StraightVancouver, British Columbia--(Newsfile Corp. - April 4, 2022) - Inomin Mines Inc. (TSXV: MINE), (\"Inomin\", \"MINE\" or the \"Company\") is responding to misleading comments and statements made by newsletter writer, John Kaiser (\"Kaiser\"), publisher of Kaiser Research Online. In Mr. Kaiser's blog and podcast of March 31, he made a number of inaccurate and misleading remarks about the Company's March 29th announcement (\"News Release\") reporting drill results from Inomin's Beaver critical minerals property discovery. Mr. Kaiser's remarks contributed to a sell-off in the Company's shares, with the stock closing down 29.5% on March 31.A few of John Kaiser's False and Misleading Remarks:Kaiser implied the Company used the wrong analytical technique for the samples, and off-the-cuff stated what the grades should actually be. Fact of the MatterInomin consulted with SGS Laboratory professionals prior to submitting samples for analysis. SGS's best recommendation was to utilize a mild sodium peroxide digestion to deal with the issue of analyzing for silicate nickel, as stated in the Company's News Release. Kaiser stated the Company presented assay results in ppm instead of percentage to confuse investors.Fact of the MatterReporting assay results in ppm is a common, standard reporting practice. The Company also reported select better grades in percentage in the title and first paragraph of news release. Stating we intended to confuse investors is false.Kaiser inferred that magnesium cannot be extracted from ultramafic rocks containing the mineral serpentine.Fact of the MatterQuebec-based Alliance Magnesium Inc (AMI) and Marubeni Metals and Minerals Canada Ltd. are planning the mining and processing of serpentine ore as an environmentally friendly source for magnesium at their Danville metallurgical site. The magnesium plant currently under construction will process 100 million tons of serpentine rock, the raw material that AMI will use in its production. Kaiser suggested we paid UBC (University of British Columbia) to analyze our samples to participate in the university's carbon sequestration program. Fact of the MatterInomin did not pay UBC for analysis of the Company's samples. Furthermore, UBC specifically requested the Company submit magnesium-rich samples. Kaiser criticized Inomin's reference to mag...