http://www.proactiveinvestors.com Proactiveinvestors RSS feed en Tue, 20 Feb 2018 02:42:55 -0500 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - IBC wins $1.3 mln order from Asian manufacturer; shares hit 5-month high ]]> http://www.proactiveinvestors.com/companies/news/106361/ibc-wins-13-mln-order-from-asian-manufacturer-shares-hit-5-month-high-61064.html IBC Advanced Alloys (CVE:IB) rose to the highest in five months after the advanced alloys and precision castings company said its copper alloys division won received a $1.3 million order from a new multinational manufacturing customer based in Asia.

Shares gained 17 percent to C$0.135 at 2:20 p.m. in Toronto after touching C$0.14, the highest intraday price since December 11.

Delivery of the finished products is expected to begin in the first quarter of fiscal 2016, the Vancouver, British Columbia-based company said in a statement today.

IBC is expanding its business development initiatives to meet the growing global demand for specialty high performance copper alloy products.

IBC said today that it will continue to leverage its expertise in Asian markets.

IBC's new customer has contracted for specialized engineered copper alloy products to improve their production line efficiency, operating margins and yields.

The customer identity has not been disclosed for competitive reasons, IBC said.

"IBC's business development initiatives focus on improving margins and expanding our product line with semi-finished products,” IBC Copper Alloys' President Mark Wolma said in the statement. 

“While Copper Alloys has accounts generating similar annual revenues, this $1.3 million single order is an important validation of our expanded business strategy. This order also supports," Wolma added.

"Copper Alloys' focus on value-added, higher-margin growth opportunities where we have a sustainable competitive advantage."

IBC Copper Alloys operates plants in Royersford, Pennsylvania, New Madrid, Missouri and Franklin, Indiana, which is the hub for IBC's Copper Alloys operations.

IBC Copper Alloys manufactures and distributes high-performance copper alloys such as castings and forgings serving domestic and international customers in the plastic injection mold, automotive, oil and gas and advanced manufacturing industries.

The division's core alloys include beryllium copper, chrome copper and aluminum bronze in plate, block, bar and rings. IBC is growing its business with additional focus on value-add semi-finished products, which significantly improve quality control and lead times for customers while improving IBC's margins and profitability.

"IBC is building a strong reputation as a materials solutions provider and continues to build momentum with both our Copper Alloys division and our Beralcast alloys produced at our Engineered Materials facility in Wilmington, MA,” Anthony Dutton, CEO of IBC Advanced Alloys said.

“We are focused on supporting our customers and their commitment to manufacturing excellence."

 

 

 

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Mon, 20 Apr 2015 15:01:00 -0400 http://www.proactiveinvestors.com/companies/news/106361/ibc-wins-13-mln-order-from-asian-manufacturer-shares-hit-5-month-high-61064.html
<![CDATA[News - IBC Advanced unveils assay results from Juab County, no ore-grade beryllium found ]]> http://www.proactiveinvestors.com/companies/news/88366/ibc-advanced-unveils-assay-results-from-juab-county-no-ore-grade-beryllium-found-32755.html IBC Advanced Alloys (CVE:IB) (OTCQX: IAALF)  late Tuesday announced assay results from 22 drill holes at its 5,265-metre drilling program on its Juab County properties in Utah.

The company said the latest assay results to date have not encountered ore-grade beryllium mineralization.

IBC noted that the average of all returned samples shows anomalous beryllium content approximately 5.6 times the concentration in average crustal rocks, but no interval with ore-grade beryllium content.

The company said drill holes IBC11-05, IBC11-08, IBC11-11, IBC11-17, and IBC11-24 showed the highest beryllium intercepts, "but appear to show poor continuity of high beryllium zones".

The exploration program consisted of 35 drill holes on 100-metre spacing along the Fish Springs Valley and completely traversed the company's 361-claim southern claim block adjacent to Materion Corp.’s (NYSE:MTRN) Spor Mountain beryllium mine.

The rare metals and beryllium-based alloys maker's Utah properties include 371 claims, totalling approximately 3,102 hectares

As reported at the end of May, IBC acknowledged that there were backups at the testing labs and logistical issues which resulted in delays for the drill sample results.

“Although we are still awaiting final lab results for several additional holes in the target zone, we felt that it was important to release these results prior to the end of July as promised,” said IBC's president and CEO Anthony Dutton.

“If the results from the remaining drill holes are material, we will announce them as soon as they become available.”

Beryllium has a number of qualities that include being very light, extremely stiff and stronger than steel, x-ray transparent, non-magnetic and non-sparking, and melts at 2,307°C, which is extremely high when compared with aluminum that melts at a much lower 660.32 °C.

Pure beryllium plays a strategic role in the nuclear, aerospace and defense industries, and is widely utilized as an alloy in telecom, computing, electronics, medical, oil and gas, and automotive industries.

IBC makes and distributes rare metal alloys that are used in a variety of industries, including nuclear energy, automotive, telecommunications, and a range of industrial application. It has 80 employees, with production facilities in Indiana, Massachusetts, Pennsylvania and Missouri.

Additionally, the company owns prospective beryllium properties in the western U.S., covering approximately 7,640 hectares.

Looking ahead, as a part of its ongoing upstream initiatives, IBC said it is examining its current strategy and various exploration options within its 371 Juab County claims, as well as other third party alternatives in North America.

At the end of June, the company announced it signed an exclusive supply contract to provide a proprietary copper alloy to a “global leader in the design and manufacture of high performance products” for the aerospace industry.

No minimum ordering requirements are stipulated under the supply agreement, but IBC said it is confident the agreement has the potential to generate from $6 million to $8 million in revenues over the three-year life of the contract.

In its last corporate report, at the end of May, IBC reported that its third quarter sales were up by five per cent, with $2.9 million cash on hand and working capital of $3.7 million.

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Wed, 01 Aug 2012 08:46:00 -0400 http://www.proactiveinvestors.com/companies/news/88366/ibc-advanced-unveils-assay-results-from-juab-county-no-ore-grade-beryllium-found-32755.html
<![CDATA[News - IBC Advanced Alloys receives update from Fundamental Research ]]> http://www.proactiveinvestors.com/companies/news/81942/ibc-advanced-alloys-receives-update-from-fundamental-research-22047.html Fundamental Research has kept its $0.17 stock price fair value estimate and "hold" rating on IBC Advanced Alloys (CVE:IB)(OTCQX:IAALF).

In a research note, Fundamental Research analyst Siddharth Rajeev said ratings were being kept on hold "as the refinancing of the company’s debt remains uncertain."

The vertically integrated rare metals-based alloys and advanced cast product maker issued fiscal 2011 earnings for the period that ended June 30, announcing an 87 percent increase in gross profit and a 37 percent boost in sales from the prior year.

IBC makes and distributes rare metal alloys that are used in a variety of industries, including nuclear energy, automotive, telecommunications, and a range of industrial application. It has 80 employees, with production facilities in Indiana, Massachusetts, Pennsylvania and Missouri.

Gross profit for the year jumped a whopping 87 percent to $3.93 million, from $2.10 million, in fiscal 2010, on increased sales and improved operating practices, the company said.

Losses for 2011 were wider, however, at $4.66 million, or $0.02 per share, up 13 percent from the previous year, reflecting both business expansion and one-time expenses related to plant re-location.

Fundamental Research's Rajeev expects the company to report a net loss of $3.17 million, or loss of $0.01 per share for the 2012 fiscal year and a loss of $2.99 million, or loss of $0.01 per share, for 2013.

The capital markets firm maintained its 2012 revenue estimate at $24.0 million and pegged 2013 revenues at $25.7 million.

In late August, IBC's shares began trading on the OTCQX. Rajeev said: "We believe this is a good development for IBC and its shareholders as the cross listing will allow US investors easier access to the company's shares."

Recently, the company also signed a memorandum agreement with Ulba Metallurgical Plant, under which they intend to renew and extend their multi-year binding supply agreements for both beryllium metal and beryllium master alloys.

The report noted: "We believe this is a key strategic move in securing consistent beryllium supplies and expanding their complementary businesses."

In addition to its manufacturing division, the company also owns prospective beryllium properties in Juab County, Utah, to which the company has received permits, and approvals, starting a drilling program that targets the high interest zones identified in a previous airborne geophysical survey conducted in 2010.

The final lab results are expected to be complete in early 2012. The properties incorporate 371 claims, totaling about 7,630 acres and are located  next to the large Spur Mountain beryllium mine.

Meanwhile, the company is also involved in an agreement with Ceramic Tubular Products to jointly develop and advance their nuclear fuel technologies.

Rajeev said: "The research is complementary to IBC’s research on beryllium oxide enhanced fuel. Both research initiatives are aimed at improving the economics and safety of light water nuclear reactors...We believe, with the recent accident at the Fukushima light water reactor in Japan, there will be increased government support and initiatives for the commercialization of safer nuclear fuels."

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Mon, 05 Dec 2011 13:50:00 -0500 http://www.proactiveinvestors.com/companies/news/81942/ibc-advanced-alloys-receives-update-from-fundamental-research-22047.html
<![CDATA[News - IBC completes first phase drill program at Juab County beryllium properties ]]> http://www.proactiveinvestors.com/companies/news/81873/ibc-completes-first-phase-drill-program-at-juab-county-beryllium-properties-21915.html IBC Advanced Alloys (CVE:IB) (OTCQX: IAALF) said Thursday it has completed the first phase of the drilling program at its Juab County fluorite-bertrandite project located in western Utah.

The rare metals and beryllium-based alloys maker's Utah properties include 371 claims, totalling approximately 3,102 hectares and are located immediately next to the large Spor Mountain beryllium mine owned by Materion Corp.
 
President and CEO of IBC, Anthony Dutton, said: "Our drilling and sampling program has now been completed on time and on budget and will give us additional information towards the preparation of a compliant National Instrument 43-101 report."

"In addition, we will gain a deeper and technically sound understanding of the geology, host mineralization and main structures as we prepare for additional drilling and ultimately a resource estimate."

The drill program consisted of 35 holes totalling 5,500 metres of reverse circulation drilling to test target zones in the volcanic tuff and in the underlying Bell Hill Dolomite unit, in the claim area just south of Starvation Canyon Wash, the company said. 

The work was completed ahead of schedule, IBC said, and tested several target zones identified in previous field work and a 2010 geophysical survey of the area.

The campaign also saw the collection of 5,250 rock chip samples at 1-metre vertical intervals. The 252 short tons of sampled rock is being dried and split into 250-gram portions, to be shipped to the ALS Minerals lab in Elko, Nevada, where it will be oven-dried and then pulverized.

The "pulps" will then be shipped to Vancouver, BC, to test for beryllium, uranium, thorium, and rare earths elements content, in addition to several other elements.

All results will be used to begin quantifying the beryllium resource within the claim block. The company said it expects to receive lab results from the first phase of the drill program in early 2012.

Reclamation of the roads and drill pads has already begun, and reseeding of the entire disturbed area is scheduled for completion this month.

IBC's VP of exploration, Lee Rice, added: "IBC is hopeful that the results from this drill program will help quantify the potential beryllium mineralization and to provide a strategic resource underpinning continued downstream manufacturing growth, as well as to support our R&D efforts such as our nuclear fuels initiative.

"IBC's vertically integrated business model is constantly evaluating new opportunities, such as nuclear fuels, which have the potential to drive significant future beryllium consumption."

IBC makes and distributes rare metal alloys that are used in a variety of industries, including nuclear energy, automotive, telecommunications, and a range of industrial application. It has 80 employees, with production facilities in Indiana, Massachusetts, Pennsylvania and Missouri.

Operationally, IBC has made significant progress during the year, including the construction of a new factory in Massachusetts, and the closing of an $8.2 million financing to fund its mineral exploration program in Utah, as well as other new business development initiatives.

In May, IBC opened a new 63,000 square foot manufacturing facility in Wilmington, MA to support the growth of the company's Engineered Materials division and its ultra-lightweight cast alloys.

A month later, the company also inked a memorandum of understanding with its Kazakh suppliers, Ulba Metallurgical Plant, to further advance its relationship and to continue to target emerging opportunities in the global beryllium and rare metals market.
 
Earlier in the year, the alloys manufacturer also renewed its collaborative research agreement with Purdue and Texas Engineering Experiment Station, a member institution of the Texas A&M University, with regards to their commitment to develop a beryllium-enhanced nucleur fuel.

IBC said in October that it signed a preliminary agreement with Ceramic Tubular Products to jointly develop their respective nuclear fuel technologies. The two technologies, which will be advanced to address operational and performance issues with light water reactor fuel systems, are complementary, the companies said, and have the ability to deliver "significant" fuel performance improvements and safety benefits.

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Thu, 01 Dec 2011 12:46:00 -0500 http://www.proactiveinvestors.com/companies/news/81873/ibc-completes-first-phase-drill-program-at-juab-county-beryllium-properties-21915.html
<![CDATA[News - IBC Advanced Alloys appoints Alastair Neill to help with mineral projects ]]> http://www.proactiveinvestors.com/companies/news/81420/ibc-advanced-alloys-appoints-alastair-neill-to-help-with-mineral-projects-21047.html Rare metals maker IBC Advanced Alloys (CVE:IB) appoints Alastair Neill to its board to help guide the development of upstream mineral projects and processing sites, the company said Monday.

Neill, who began on November 1, replaces Denis Brady on the board of directors. Neill is a former vice president of sales and general manager of rare earth division for Neo Material Technologies (TSE:NEM).

He holds over 15 years worth of direct rare earth elements experience with downstream end-users in Korea, Japan, Europe and North America. 

Currently, Neill is executive vice president of Dacha Strategic Metals and serves on the advisory board of Rare Earth Element World – an international organization that provides industry leadership in the rare earths, rare metals and critical metals sector.

In a statement, IBC chief executive, Anthony Dutton, said: "Alastair is an acknowledged international rare earths and rare metals expert, and has an impressive history of business and technical expertise and success.

"We believe IBC will benefit tremendously from Alastair’s deep market knowledge and industry experience.  We look forward to his guidance and leadership as IBC continues its growth and develops its business strategy in North America and abroad."

IBC Advanced Alloys, formerly known as International Beryllium Corporation, makes and develops beryllium copper, chrome zirconium copper, chromium copper alloys, nickel aluminum bronze, and other alloys of copper.

IBC’s rare metal alloys are used in a number of industries, including nuclear energy, automotive, telecommunications and a range of industrial applications.

It has production facilities in Indiana, Massachusetts, Pennsylvania and Missouri. The company also owns prospective beryllium properties in the Western U.S. covering about 9,500 hectares.

The Vancouver-based company’s stock rose 1.29 percent to 16 cents a share Monday on the junior venture exchange.

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Mon, 14 Nov 2011 15:02:00 -0500 http://www.proactiveinvestors.com/companies/news/81420/ibc-advanced-alloys-appoints-alastair-neill-to-help-with-mineral-projects-21047.html
<![CDATA[News - IBC ADVANCED ALLOYS SEES A VERY BRIGHT FUTURE IN BERYLLIUM ]]> http://www.proactiveinvestors.com/companies/news/81087/ibc-advanced-alloys-sees-a-very-bright-future-in-beryllium-20481.html IBC Advanced Alloys (CVE:IB, OTCQX:IAALF) is a unique vertically integrated manufacturer and distributor of a range of advanced beryllium alloys and innovative beryllium aluminum castings that are in high demand across a spectrum of industries. The Company also owns a number of mineral properties, and is actively exploring their Juab County properties in Western Utah, adjacent to the world’s largest beryllium mine at Spor Mountain.

Beryllium has a number of qualities that include being very light, extremely stiff and stronger than steel, x-ray transparent, non-magnetic and non-sparking, and melts at 2,307°C, which is extremely high when compared with aluminum that melts at a much lower 660.32 °C. Pure beryllium plays a strategic role in the nuclear, aerospace and defense industries, and is widely utilized as an alloy in telecom, computing, electronics, medical, oil and gas, and automotive industries.

IBC has 80 employees at four production facilities located in Indiana, Massachusetts, Pennsylvania and Missouri and has its head office in Vancouver, Canada. Sales revenues for the 2011 fiscal year released October 31st , 2011 were $20.45 million, which is an increase of 37% over 2010.

The business is still evolving, and remains in a high growth mode that has been fueled by equity injections of $11.50 million in 2011, and $10.5 million in 2010.

The Company currently obtains its beryllium metal through an agreement with Ulba Metallurgical Plant, a subsidiary of Kazatomprom, the National Atomic Energy Company of Kazakhstan. Ulba is one of the largest beryllium processers in the world and IBC is one of their largest customers. IBC is also exploring and developing its properties in Utah, Colorado, and Brazil, for the production of beryllium ore and concentrates, which may one day ultimately be processed by Ulba.

The first property being developed is the Juab County fluorite and bertrandite project which is located in western Utah, and lies along strike from open pits at Spor Mountain, a location known for its world class beryllium resources. The Juab County project covers 7,630 acres, encompassing an ancient caldera that could potentially be a significant beryllium resource.

Fugro Airborne Surveys flew a detailed 7,495 line kilometre, low altitude airborne radiometric and magnetic survey, which identified several high interest target zones that occupy a very large area within the property.

The Company has configured targets across these high interest zones, and is now undertaking 5,250 metres of Reverse Circulation drilling in 35 holes that will test target zones below the volcanic tuff, and explore concentrations of fluorite, and bertrandite in the underlying Bell Hill Dolomite. 

In June of 2011, IBC signed a strategic Memorandum of Understanding for the continued supply of beryllium metal and beryllium master alloys with Ulba, which is one of only three fully integrated beryllium producers in the world today. The IBC and Ulba partnership will also examine other technological and business development initiatives that include beryllium, other rare metals and their alloys as well as new opportunities in resource exploration, development, and production.


Management believes that this fragmented market produces $2 billion in annual sales worldwide for beryllium, beryllium alloys and non-ferrous alloys, and presents an excellent opportunity for IBC to continue to consolidate smaller businesses and generate ongoing growth.


This supply partnership with Ulba will benefit IBC’s Engineered Materials Division, which has positioned the Company as a global leader in the beryllium aluminum castings market, and together with the beryllium copper alloys business, has dramatically increased the product range and market depth. 


In May of 2011, IBC opened a new state of the art 63,000 square foot manufacturing and advanced casting facility in Wilmington, Massachusetts. The plant is capable of producing advanced investment castings manufactured from the Company’s high performance, and lightweight Beralcast family of alloys.


The facility was established to satisfy a growing worldwide demand for castings, and has sufficient production capacity to hire an additional 40 high tech manufacturing, and engineering personnel over the next three years. 
Recent contracts include a global leader in the design and manufacture of high technology assembly equipment that inked a contract for one to three years, for provision of advanced investment castings. This agreement is expected to generate a minimum of $4 million per year.


Another agreement was signed with the U.S. Military Army Research Laboratory, and Naval Air Systems Command to work together to develop, evaluate, and test the use of Beralcast beryllium and aluminum alloys for the United States Armed Forces Fire Scout program, and other unmanned aerial vehicles or UAV drone initiatives.


IBC has also retained Chris Huskamp who is an internationally recognized high performance auto-sports materials and metallurgical consultant to assist with development aimed at the auto-sports market, where IBC materials have great potential to penetrate the motorsports community and worldwide automotive markets.


The Company's range of alloys and composites has a consistently high stiffness to weight ratio, as well as other important materials characteristics, which will allow automotive engineers greater design flexibility and more options to achieve significant performance gains.


IBC is also mounting a very bold attempt to penetrate the nuclear fuel market, which is estimated to produce $35 billion in world-wide sales in 2020, with an innovative new fuel product that contains a blend of uranium and beryllium oxide. 


It is hoped that this new fuel blend will be suitable for current and future nuclear reactors, providing an energy source that is more efficient and safer than existing nuclear fuels. The beryllium oxide enhanced nuclear fuel provides a significant reduction of fission gas release, which allows for a higher fuel burn up that contributes to the reduction of energy stored in the fuel pins. These factors become very relevant in a post Fukushima nuclear environment and have the potential to both improve the safety of the nuclear industry but also the economics.


The Company recently signed a Memorandum of Understanding with Ceramic Tubular Products to jointly advance, and develop fuel performance improvements, and operational safety benefits for nuclear light water reactor fuel systems.


IBC`s research and development of beryllium oxide enhanced nuclear fuel is complementary to CTP's cladding technology, which has already received acclaim from a variety of government and industry sources. Development and validation studies that combine the two technologies will be completed at Perdue, and Texas A&M universities.


A Memorandum of Understanding is also in place with Global Nuclear Fuels, which is a joint venture between General Electric (NYSE: GE), Hitachi (TYO: 6501, NYSE: HIT), and Toshiba (TYO: 6502, LSE: TOS) who are undertaking a study on the application of beryllium oxide technology to a boiling water reactor. 


Jim Malone, who is IBC’s President of Nuclear Fuels, was appointed as Chairman of the World Nuclear Association's recently initiated Fuel Technology Working Group. The working group's objective is to explore evolutionary fuel technologies with a view to developing, supporting and commercializing alternative fuel-types for the nuclear industry. This appointment tends to validate the potential of IBC’s nuclear fuel technology with major players in the industry.

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Wed, 02 Nov 2011 11:51:00 -0400 http://www.proactiveinvestors.com/companies/news/81087/ibc-advanced-alloys-sees-a-very-bright-future-in-beryllium-20481.html
<![CDATA[News - IBC Advanced Alloys posts 37% higher 2011 sales, increased gross profit ]]> http://www.proactiveinvestors.com/companies/news/81007/ibc-advanced-alloys-posts-37-higher-2011-sales-increased-gross-profit-20367.html IBC Advanced Alloys Corp. (CVE:IB) released Monday results from its fiscal 2011 fiscal year ending June 30, announcing an 87 percent increase in gross profit and a 37 percent boost in sales from the prior year.

The vertically integrated rare metals-based alloys and advanced cast product maker said that sales for the year came in at $20.46 million, versus $14.93 million a year earlier.

IBC makes and distributes rare metal alloys that are used in a variety of industries, including nuclear energy, automotive, telecommunications, and a range of industrial application. It has 80 employees, with production facilities in Indiana, Massachusetts, Pennsylvania and Missouri.

"Over the last four years, IBC has developed and implemented an advanced alloys business to support its mine-to-market business strategy," said CFO, Simon Anderson.

"Our fiscal 2011 revenue growth is clear proof that IBC's vertically integrated model is sound and that the business has a strong foundation. We have successfully integrated our operating facilities, introduced a range of new high performance alloys and begun business development efforts into several new markets."

Indeed, gross profit for the year jumped a whopping 87 percent to $3.93 million, from $2.10 million, in fiscal 2010, on increased sales and improved operating practices, the company said.

Losses for 2011 were wider, however, at $4.66 million, or $0.02 per share, up 13 percent from the previous year, reflecting both business expansion and one-time expenses related to plant re-location.

"While the company as a whole is not yet profitable, we were very encouraged by our 2011 financial performance and expected the increased costs in fiscal 2011, which relate to the expansion and upgrading of our manufacturing base to support future revenue growth," added Anderson.

Operationally, IBC made significant progress during the year, including the construction of a new factory in Massachusetts, and the closing of an $8.2 million financing to fund a mineral exploration program at its beryllium properties in Utah, as well as other new business development initiatives.

In May, IBC opened a new 63,000 square foot manufacturing facility in Wilmington, MA to support the growth of the company's Engineered Materials division and its ultra-lightweight cast alloys.

A month later, the company also inked a memorandum of understanding with its Kazakh suppliers, Ulba Metallurgical Plant, to further advance the company's relationship and to continue to target emerging opportunities in the global beryllium and rare metals market.
 
Earlier in the year, the alloys manufacturer also renewed its collaborative research agreement with Purdue and Texas Engineering Experiment Station, a member institution of the Texas A&M University, with regards to their commitment to develop a beryllium-enhanced nucleur fuel.

Moreover, IBC said last Thursday that it signed a preliminary agreement with Ceramic Tubular Products to jointly develop their respective nuclear fuel technologies. The two technologies, which will be advanced to address operational and performance issues with light water reactor fuel systems, are complementary, the companies said, and have the ability to deliver "significant" fuel performance improvements and safety benefits.

Aside from its alloys manufacturing facilities, and nuclear fuels initiative, Vancouver-based IBC owns prospective beryllium properties that consist of 371 claims, totalling about 7,630 acres, and are adjacent to the large Spor Mountain beryllium mine.

The first phase drill campaign at its Juab County project in western Utah will consist of up to 35 holes, totalling 5,250 metres of reverse circulation drilling to test target zones in the volcanic tuff and in the underlying Bell Hill Dolomite unit, in the claim area south of the Starvation Canyon Wash.

The company ended the year with cash and equivalents of $7.51 million.

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Mon, 31 Oct 2011 12:00:00 -0400 http://www.proactiveinvestors.com/companies/news/81007/ibc-advanced-alloys-posts-37-higher-2011-sales-increased-gross-profit-20367.html
<![CDATA[News - IBC signs agreement with Ceramic Tubular to develop nuclear fuels technologies ]]> http://www.proactiveinvestors.com/companies/news/80945/ibc-signs-agreement-with-ceramic-tubular-to-develop-nuclear-fuels-technologies-20269.html IBC Advanced Alloys Corp. (CVE:IB) (OTCQX: IAALF) said Thursday it has signed a memorandum of understanding agreement with Ceramic Tubular Products to jointly develop their respective nuclear fuel technologies.

The two technologies, which will be advanced to address operational and performance issues with light water reactor fuel systems, are complementary, the companies said, and have the ability to deliver "significant" fuel performance improvements and safety benefits.

Ceramic Tubular has been developing an advanced nuclear fuel ceramic cladding, known as silicon carbide triplex cladding, primarily for existing Light Water Reactors (LWRs), which aims to improve the economics of the nuclear industry by increasing safety margins and overall fuel performance.

The company has been awarded multiple grants, including one from the US Department of Energy, to further research, identify and evaluate complementary fuel forms, such as IBC's beryllium-enhanced fuel that could contribute by facilitating the cladding to achieve full potential in commercial service, IBC said.
 
"We look forward to working with IBC and their advanced nuclear fuel R&D program," said CEO of Ceramic Tubular, Herb Feinroth.

"Our respective technologies not only complement each other from a technological and commercial perspective, but are also very timely, given recent developments in the nuclear industry after the accident of the Fukushima LWR reactors in Japan."  
 
Under the terms of the agreement, IBC and Cermaic will collaborate to develop, test and potentially commercialize their combined respective technologies.

IBC, with Purdue and Texas A&M universities, will assist in analyzing how IBC's beryllium oxide-enhanced responds and performs in LWRs. IBC's beryllium-enhanced fuel is being developed as a high thermal conductivity nuclear fuel that is more efficient and safer, for use in both current and future nuclear power reactors.

IBC's president and CEO, Anthony Dutton, said: "IBC is excited to develop and collaborate with CTP on alternative nuclear fuel technologies that directly address economic performance and industry safety.

"IBC's objective is to commercialize its BeO enhanced fuel and to position itself as an essential part of the nuclear industry's supply chain. Our work with CTP will provide both parties with an opportunity to contribute to improved margins and cost efficiencies for the nuclear industry."

Aside from its prospective beryllium properties, Vancouver, BC-based IBC makes and distributes rare metal alloys that are used in a variety of industries, including nuclear energy, automotive, telecommunications, and a range of industrial application. It has 80 employees, with production facilities in Indiana, Massachusetts, Pennsylvania and Missouri.

IBC announced in February that it had completed the first phase of its research and development project on nuclear fuels - with positive results.

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Thu, 27 Oct 2011 15:08:00 -0400 http://www.proactiveinvestors.com/companies/news/80945/ibc-signs-agreement-with-ceramic-tubular-to-develop-nuclear-fuels-technologies-20269.html
<![CDATA[News - IBC hires consultant Chris Huskamp for autosports initiatives ]]> http://www.proactiveinvestors.com/companies/news/80498/ibc-hires-consultant-chris-huskamp-for-autosports-initiatives-19557.html Rare metals maker IBC Advanced Alloys Corp. (CVE:IB) said on Wednesday it has engaged metallurgical consultant Chris Huskamp to help the company develop and implement a range of growth initiatives in the autosports market.

Huskamp, an associate technical fellow at Boeing (NYSE:BA), develops high performance materials strategies and solutions for military and commercial aerospace projects.

Also, Huskamp is the owner and president at Huskamp Motorsports where he provides consulting services to Formula One, Grand-Am Daytona prototypes, IndyCar and Formula One prop boat teams.

IBC Advanced Alloy’s chief executive, Anthony Dutton said: "While IBC's automotive strategy will initially focus on high performance racing, the company's work also holds great promise for the commercial automotive sector which is already adopting ultra-light weight and alternative materials solutions for its current and next generation designs." 

IBC's ultra-light family of advanced alloys and metal composites could have huge benefits for auto racing and performance automotive applications, especially those where rotational mass and unsprung weight is critical, the company said in a statement.

The company's range of alloys and composites has a consistently high stiffness-to-weight ratio, and other important materials characteristics, which would permit automotive engineers greater design flexibility and more options to attain significant performance gains.

IBC’s rare metal alloys are used in a number of industries, including nuclear energy, automotive, telecommunications and a range of industrial applications.
It has production facilities in Indiana, Massachusetts, Pennsylvania and Missouri. The company also owns prospective beryllium properties in the Western US covering about 9,500 hectares.

Shares of IBC traded higher Wednesday afternoon up 2.94 percent to 17 cents on the junior Toronto Stock Exchange.

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Wed, 12 Oct 2011 12:32:00 -0400 http://www.proactiveinvestors.com/companies/news/80498/ibc-hires-consultant-chris-huskamp-for-autosports-initiatives-19557.html
<![CDATA[News - IBC Advanced Alloys increases bought deal financing to $3.0 million ]]> http://www.proactiveinvestors.com/companies/news/80234/ibc-advanced-alloys-increases-bought-deal-financing-to-30-million-19118.html IBC Advanced Alloys (CVE:IB) announced Friday it increased its previously announced bought deal financing with Euro Pacific Canada, from $2.5 million to $3.0 million.

Under the terms of the deal, Euro Pacific will now purchase an additional 2.5 million "equity units" for a total of five million equity units at a purchase price of $0.20 each, and a total of 10 million "units" at a purchase price of $0.20 each.

This adds $500,000 to the financing, for a total of $3.0 million, the company said.

Each equity unit consists of one unit, one-half of one subscription right, with each whole right entitling the holder to purchase one unit for $0.20 on a date that is 30 days from closing, and a one-half of a subscription right that, in full, can be redeemed for one unit for $0.20 at a date that is 60 days from closing.

Meanwhile, each unit consists of one common share of IBC, and one-half of one common share purchase warrant. Each whole warrant entitles the owner to acquire one common share of IBC for $0.25 for a period of two years from closing.

IBC has also proportionally increased the over-allotment option that was originally granted to Euro Pacific, which now has an option to purchase an additional 2.25 million "equity units" for another 30 days following the close of the financing, expected on October 24.

This over-allotment option can add gross proceeds of $450,000, IBC said.

The manufacturer of rare metals-based alloys said it will use the proceeds from the financing to strengthen its balance sheet by paying down its notes payable. If any additional funds exist, IBC said it will also use the proceeds to add inventory, and for general working capital purposes.

IBC's alloys serve a variety of industries including nuclear energy, automotive, telecommunications and a range of industrial applications.

The company, which is headquartered in Vancouver, Canada with production facilities in Indiana, Massachusetts, Pennsylvania and Missouri, also owns prospective beryllium properties in the Western US covering approximately 9,500 hectares.

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Fri, 30 Sep 2011 13:40:00 -0400 http://www.proactiveinvestors.com/companies/news/80234/ibc-advanced-alloys-increases-bought-deal-financing-to-30-million-19118.html
<![CDATA[News - IBC Advanced Alloys inks drilling contract for 2011 program at Utah properties ]]> http://www.proactiveinvestors.com/companies/news/80127/ibc-advanced-alloys-inks-drilling-contract-for-2011-program-at-utah-properties-18923.html IBC Advanced Alloys (CVE:IB) reported on Tuesday that it has hired Layne Christensen Drilling to carry out a first phase drill program at its Juab County fluorite-bertrandite project in western Utah.

IBC said that drilling is scheduled to start with a single rig in the fourth week of this month, pending rig mobilization. The planned drill program is expected to cost $1 million.

The drill campaign will consist of up to 35 holes, totalling 5,250 metres of reverse circulation drilling to test target zones in the volcanic tuff and in the underlying Bell Hill Dolomite unit, in the claim area south of the Starvation Canyon Wash.

The mineral explorer also said these holes will test for "the presence and concentration of fluorite-bertrandite replacement of dolomite fragments" near the Materion Spor Mountain mine pits, and penetrate the volcanic tuff layer to test the underlying Bell Hill Dolomite.

Recently, IBC received approval from the U.S. Bureau of Land Management and the Utah Division of Oil, Gas and Mining to initiate the drill program.

Vancouver-based IBC's properties include 371 claims, totalling about 7,630 acres, and are adjacent to the large Spor Mountain beryllium mine.

IBC’s vice president of exploration, Lee Rice, said: "The focus now is to quantify the potential beryllium mineralization we hope will provide a strategic upstream resource underpinning continued downstream manufacturing growth, as well as to support our research and development efforts, such as our nuclear fuels initiative, which has the potential to drive significant future beryllium consumption.”

Aside from its prospective beryllium properties, Vancouver, BC-based IBC makes and distributes rare metal alloys that are used in a variety of industries, including nuclear energy, automotive, telecommunications, and a range of industrial application. It has 80 employees, with production facilities in Indiana, Massachusetts, Pennsylvania and Missouri.

The company, together with Purdue Univeristy and Texas Engineering Experiment Station (TEES), a member institution of the Texas A&M University System, has also been engaged in a mission to develop a nuclear fuel enhanced with beryllium oxide, a rare metal, for commercial use in nuclear power reactors.

In an effort to improve the efficiency and safety of the nuclear industry, IBC announced in February that it had completed the first phase of its research and development project on nuclear fuels - with positive results.

Shares of IBC rose 5.13% to trade at 21 cents a share Tuesday afternoon on the Toronto Stock Exchange.

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Tue, 27 Sep 2011 13:19:00 -0400 http://www.proactiveinvestors.com/companies/news/80127/ibc-advanced-alloys-inks-drilling-contract-for-2011-program-at-utah-properties-18923.html
<![CDATA[News - IBC Advanced Alloys pulls planned financing ]]> http://www.proactiveinvestors.com/companies/news/79898/ibc-advanced-alloys-pulls-planned-financing-18502.html Rare metals alloy maker and distributor IBC Advanced Alloys (CVE:IB) withdrew Monday its recently announced planned short-form prospectus financing, saying that any financing at current indicated pricing would not be in the best interests of the company and its shareholders.

On September 12, the company filed paperwork with the BC securities regulator to raise between $5 and $8 million, with the proceeds to be used to strengthen the company's balance sheet including paying down debt, adding inventory, funding future corporate development initiatives and for general working capital purposes.

IBC said that the decision to cancel the financing was taken by the company and its investment banking advisors, Euro Pacific Canada.

In June, IBC successfully completed a gross $8 million prospectus financing, and said it is fully funded well into 2012.

President and CEO of IBC Advanced Alloys, Anthony Dutton, said: "The primary use of proceeds of the offering was to pay down existing debt and strengthen IBC's balance sheet.

"However, IBC's management, board and advisors concluded that recent irregular trading activity and the resulting drop in share price does not represent a fair and reasonable value for the company."

"We have consistently demonstrated that we have a strong and growing company with enormous potential. Any financings the company may entertain will only be done in this context and in the best interests of the company and its shareholders."

Vancouver-based IBC, with facilities in Indiana, Massachusetts, Pennsylvania and Missouri, manufactures and distributes rare metals-based alloys for a wide range of industries including nuclear energy, automotive, telecommunications and a number of other industrial applications.

The company also owns prospective beryllium properties in the Western US covering approximately 9,500 hectares.

Earlier this year, IBC unveiled encouraging results from the first phase of a research and development project on nuclear fuels.

The company, together with Purdue Univeristy and Texas Engineering Experiment Station, part of Texas A&M University, have been engaged in a mission to develop a nuclear fuel enhanced with beryllium oxide, a rare metal, for commercial use in nuclear power reactors. The benefit of the enhanced fuel, according to IBC, is that it features a cooler temperature than conventional fuels, meaning the new fuel can be operated at a lower temperature without sacrificing power output. This results in both safety and environmental benefits, as less uranium is required to produce the same amount of power.

This could lead to decreased fuel operating costs, through increased efficiency, as well as reduced fuel consumption.

IBC's president of nuclear fuels, Jim Malone, was recently appointed as chairman of the World Nuclear Association's Fuel Technology Working Group to explore alternative fuel types for the nuclear industry. Malone has over 40 years of senior experience in the nuclear industry and is currently chairman of the board of uranium company Hathor Exploration (TSE:HAT), which recently receved a $520 million takeover offer from uranium giant Cameco (TSE:CCO).

Monday morning, IBC shares were up 6% at 17.5 cents.

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Mon, 19 Sep 2011 10:10:00 -0400 http://www.proactiveinvestors.com/companies/news/79898/ibc-advanced-alloys-pulls-planned-financing-18502.html
<![CDATA[News - IBC's Jim Malone appointed chairman of World Nuclear Association's new fuel technology group ]]> http://www.proactiveinvestors.com/companies/news/79764/ibcs-jim-malone-appointed-chairman-of-world-nuclear-associations-new-fuel-technology-group-18254.html Maker of specialty alloys, IBC Advanced Alloys (CVE:IB), announced on Monday that its president of nuclear fuels, Jim Malone, has been appointed as chairman of the World Nuclear Association's recently initiated Fuel Technology Working Group to explore alternative fuel types for the nuclear industry.

Malone, who brings over 40 years of senior experience in the nuclear industry, recently held the position of vice president for Nuclear Fuels at Exelon Corp (NYSE:EXC), where he was responsible for their nuclear fuel cycle activities.

He is also the chairman of the board of junior uranium exploration and development company Hathor Exploration (TSE:HAT), which recently receved a $520 million takeover offer from uranium giant Cameco (TSE:CCO).

The Association's fuel technology working group will investigate and measure the viability of commercializing a number of fuel-type variants, including high thermal conductivity beryllium oxide fuel, being developed by IBC with Purdue and Texas A&M Universities.

IBC said the first meeting of the fuel technology working group will be held Sept. 12, 2011 in London, England at the Annual World Nuclear Association Symposium.

In a statement, IBC's Chief Executive, Anthony Dutton, said: "Jim's role as Vice President of Nuclear Fuels for IBC has led to significant developments of our company's beryllium oxide nuclear fuel development program."

Dutton added that Malone’s role with the nuclear association would foster a better grasp of alternative fuel technologies, including potential cost efficiencies and safety improvements for the exisiting industry.

IBC’s rare metal alloys are used in a number of industries, including nuclear energy, automotive, telecommunications and a range of industrial applications. It has production facilities in Indiana, Massachusetts, Pennsylvania and Missouri.

The company also owns prospective beryllium properties in the Western U.S. covering about 9,500 hectares.

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Mon, 12 Sep 2011 16:03:00 -0400 http://www.proactiveinvestors.com/companies/news/79764/ibcs-jim-malone-appointed-chairman-of-world-nuclear-associations-new-fuel-technology-group-18254.html
<![CDATA[News - IBC Advanced Alloys receives State permits to begin drilling on Utah properties ]]> http://www.proactiveinvestors.com/companies/news/79679/ibc-advanced-alloys-receives-state-permits-to-begin-drilling-on-utah-properties--18117.html Rare metals-based alloys manufacturer IBC Advanced Alloys (CVE:IB) (OTCQX:IAALF) said Thursday it has received permits and approvals from the Utah State Office to begin its planned drill program at its beryllium-prospective properties in Juab County, Utah.

The claims hailed from the state's office of the US Bureau of Land Management and the Utah Division of Oil, Gas, and Mining.

The company's properties in Juab County cover 371 claims totaling around 7,630 acres, and are located right next to the large Spor Mountain beryllium mine.

The proposed drill program, to consist of up to 35 holes, is due to begin later this month, once a contractor is assigned to complete the work and rig mobilization. Drilling is expected to be concluded within 90 days, with results following shortly after.

IBC previously completed a detailed 7,495-line kilometre airborne geophysical survey of these properties in 2010, which identified several high-priority target zones. These areas will be the focus of the exploration program. 

"The Company's focus is to quantify the potential beryllium mineralization," said vice president of exploration, Lee Rice, "which we hope will underpin continued downstream manufacturing growth, as well as provide a strategic upstream resource to support our R&D efforts, such as our nuclear fuels initiative, which has the potential to drive future consumption."

The upcoming drill campaign will comprise of holes in the Topaz Mountain West and Sand Pass quadrangles, totalling as much as 5,250 metres of reverse circulation drilling.
 
Vancouver, BC-based IBC's rare metal alloys are used in a variety of industries, including nuclear energy, automotive, telecommunications, and a range of industrial application. It has 80 employees, with production facilities in Indiana, Massachusetts, Pennsylvania and Missouri.

Additionally, IBC owns prospective beryllium properties in the Western US, covering approximately 9,500 hectares.

The company, together with Purdue Univeristy and Texas Engineering Experiment Station (TEES), a member institution of the Texas A&M University System, has also been engaged in a mission to develop a nuclear fuel enhanced with beryllium oxide, a rare metal, for commercial use in nuclear power reactors.

In an effort to improve the efficiency and safety of the nuclear industry, IBC announced in February that it had completed the first phase of its research and development project on nuclear fuels - with positive results.

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Thu, 08 Sep 2011 12:27:00 -0400 http://www.proactiveinvestors.com/companies/news/79679/ibc-advanced-alloys-receives-state-permits-to-begin-drilling-on-utah-properties--18117.html
<![CDATA[News - IBC Advanced Alloys begins trading on OTCQX ]]> http://www.proactiveinvestors.com/companies/news/79392/ibc-advanced-alloys-begins-trading-on-otcqx-17637.html IBC Advanced Alloys (CVE:IB), a maker of rare metal alloys, said on Friday it has started trading on US-based exchange OTCQX International, under the symbol "IAALF".

The Vancouver-based company, which owns beryllium properties in the Western U.S. that covers about 9,500 hectares, said Ladenburg Thalmann Financial Services (AMEX:LTS) will serve as IBC’s American liason, and is responsible for providing guidance on OTCQX requirements.

The OTC Exchange is a financial information and technology services company that provides a platform for broker-dealers to trade unlisted stocks, electronically.

IBC's alloys are used in a number of industries, including nuclear energy, automotive, telecommunications and a range of industrial applications. The company has production facilities in Indiana, Massachusetts, Pennsylvania and Missouri.

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Fri, 26 Aug 2011 10:02:00 -0400 http://www.proactiveinvestors.com/companies/news/79392/ibc-advanced-alloys-begins-trading-on-otcqx-17637.html
<![CDATA[News - IBC renews partnership with Kazakhstan's Ulba, extends supply terms, to explore new opportunities ]]> http://www.proactiveinvestors.com/companies/news/78358/-ibc-renews-partnership-with-kazakhstans-ulba-extends-supply-terms-to-explore-new-opportunities-15863.html Vancouver-based IBC Advanced Alloys (CVE:IB) said Wednesday that it has signed an agreement with Kazakhstan's Ulba Metallurgical Plant to further advance opportunities in the global beryllium and rare earth metals market, strengthening the existing relationship between the two entities.

The memorandum of understanding (MOU) was signed in May in Kazakhstan. Ulba is one of the largest beryllium processing and rare metal manufacturing facilities in the world, and a subsidiary of Kazatomprom, the National Atomic Company of Kazakhstan.

Under the terms of the agreement, Ulba and IBC intend to renew and and extend their multi-year supply agreements for both beryllium metal and beryllium alloys.

The agreements will provide IBC, which manufactures and distributes rare metals and beryllium-based alloys, with a consistent and reliable supply of the metals to meet increasing customer demand and to grow its alloys business.

The two companies have also outlined terms for examining technological and business development initiatives that will strengthen their respective businesses, and have agreed to explore new opportunities with complementary rare metals, such as tantalum, niobium and others.

Specifically, both Ulba and IBC will look towards resource exploration, development and production, as well as downstream manufacturing and distribution opportunities.

"We are very pleased to have signed this very important MOU," said president and CEO of IBC, Anthony Dutton, "and look forward to expanding our excellent relationship with Ulba."

"The 2010 acquisition of Beralcast, now called Engineered Materials Division, has positioned IBC as a global leader in the beryllium aluminum castings market and, together with our beryllium copper alloys business, has dramatically increased IBC's product range and market depth."

IBC's alloys are used in a number of industries, including nuclear energy, automotive, telecommunications and a range of industrial applications.The company, which also owns 9,500 hectares of prospective beryllium properties in the Western US, has production facilities in Indiana, Massachusetts, Pennsylvania and Missouri.
 
"Our strong relationship with Ulba," continued Dutton, "is a cornerstone of our growth and we are excited by the long term potential of our relationship and our mutual rare metals business."

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Wed, 29 Jun 2011 11:18:00 -0400 http://www.proactiveinvestors.com/companies/news/78358/-ibc-renews-partnership-with-kazakhstans-ulba-extends-supply-terms-to-explore-new-opportunities-15863.html
<![CDATA[News - IBC Advanced Alloys closes $8m financing ]]> http://www.proactiveinvestors.com/companies/news/78230/ibc-advanced-alloys-closes-8m-financing-15679.html IBC Advanced Alloys Corp. (CVE:IB) said Wednesday it has closed its previously announced offering, raising C$8.05 million.

The manufacturer and distributor of rare metals-based alloys sold 38.89 million units of IBC at a price of C$0.18 each, with Euro Pacific Canada and Raymond James acting as agents for the placement.

Each unit consists of one common share of IBC and one half of one share purchase warrant, with each whole warrant entitling the holder to purchase one additional share at C$0.25 each until June 22, 2013.

In addition, the company granted the agents an over-allotment option, for up to an additional 15% of the units actually sold at closing, increasing the number of units issued to 44.72 million.

Brokers were also paid a cash commission and warrants in connection with the financing.

IBC provides its special alloys to a variety of industries including nuclear energy, automotive, telecommunications and a range of industrial applications. The company is headquartered in Vancouver, Canada, with production facilities in Indiana, Massachusetts, Pennsylvania and Missouri.

It also owns prospective beryllium properties in the Western US, covering approximately 9,500 hectares.

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Wed, 22 Jun 2011 13:24:00 -0400 http://www.proactiveinvestors.com/companies/news/78230/ibc-advanced-alloys-closes-8m-financing-15679.html
<![CDATA[News - IBC Advanced Alloys signs exclusive supply deal for Beralcast alloys ]]> http://www.proactiveinvestors.com/companies/news/77886/ibc-advanced-alloys-signs-exclusive-supply-deal-for-beralcast-alloys-15111.html IBC Advanced Alloys (CVE:IB) announced Thursday it has signed an exclusive supply agreement to supply its engineered components to an undisclosed manufacturer of high-tech assembly equipment.

The terms of the exclusive agreement ensure supply and revenue certainty for between one and three years, IBC said.

IBC's Engineered Materials division, which it acquired from Beralcast Corp. last March in a cash and share deal, will provide the customer with advanced investment-castings made from the company's Beralcast family of alloys.

The alloys are well-suited to assembly equipment and aerospace applications, mainly due to their light weight, their low level of thermal expansion, and their strength. The primary Beralcast alloy is over three times as stiff as, and 22% lighter than aluminum.

"This is a very significant business development for IBC and we are pleased to be recognized as an essential and high-quality member of our customer's supply chain," said IBC president and CEO, Anthony Dutton.

"This exclusive supply agreement validates IBC's technology and business model and demonstrates our commitment to providing advanced alloys and materials solutions to our global customers."

While there is no minimum ordering requirement, the rare metals-based manufacturer and distributor said it is confident that if existing and historical ordering levels are maintained, the deal will generate a minimum of $4 million in annual revenues for IBC's Engineered Materials unit.

Vancouver, B.C.-based IBC, whose stock on the TSX Venture Exchange was trading at $0.185 per share as of Thursday afternoon, has manufacturing facilities throughout the U.S., including Indiana, Massachusetts, Pennsylvania and Missouri.

It also owns prospective beryllium properties across the Western U.S., covering approximately 9,500 hectares.

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Thu, 02 Jun 2011 15:37:00 -0400 http://www.proactiveinvestors.com/companies/news/77886/ibc-advanced-alloys-signs-exclusive-supply-deal-for-beralcast-alloys-15111.html
<![CDATA[News - IBC Advanced Alloys appoints new member to board of directors ]]> http://www.proactiveinvestors.com/companies/news/77806/ibc-advanced-alloys-appoints-new-member-to-board-of-directors-14995.html Vancouver-based IBC Advanced Alloys (CVE:IB) announced Monday that it has appointed retired U.S. Marine Corps Major General David Heinz to its board of directors, effective last week.

Heinz has replaced Lee Rice, who will continue to work with IBC on the company's mineral exploration projects.

Heinz has a background in computer sciences and engineering, having earned degrees in systems engineering, artificial intelligence and national security from the U.S. Naval Academy and the Naval Warfare College, among others.

He is also vice president of Maritime Systems for iRobot (NASDAQ:IRBT), a Durham, North Carolina-based provider of robotics solutions to governmental, commercial and military industries.

"Heinz brings a profound understanding of military and defense operations, a strong network, and excellent leadership qualities to the company; all of which are invaluable to IBC as we expand our operations and product distribution, specifically with our Engineered Materials division," said president and CEO, Anthony Dutton.

Indeed, Heinz's appointment will become especially valuable following IBC's announcement in March that the company will jointly develop its line of lightweight beryllium aluminium alloys for aerospace applications with the U.S. Military's Army Research Laboratory and the Naval Air Systems Command.

The family of beryllium alloys, known as Beralcast, will be tested for use in the U.S. Armed Forces' fire scout program and other unmanned air vehicle initiatives. The joint venture will look to identify component and substructures for commercial scale manufacturing to improve the sensors on board aircrafts, IBC said.

Unmanned air vehicles can fly by themselves, or be piloted remotely, and are becoming an increasingly important part of the U.S.'s airborne military capacity.

The Beralcast alloy is more than three times stiffer than aluminum, with 22% less weight, and is lower cost.

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Mon, 30 May 2011 12:38:00 -0400 http://www.proactiveinvestors.com/companies/news/77806/ibc-advanced-alloys-appoints-new-member-to-board-of-directors-14995.html
<![CDATA[News - IBC Advanced Alloys opens new manufacturing plant in Eastern US ]]> http://www.proactiveinvestors.com/companies/news/77627/ibc-advanced-alloys-opens-new-manufacturing-plant-in-eastern-us-14680.html IBC Advanced Alloys (CVE:IB) announced Tuesday the opening of its new engineered-materials manufacturing facility in Wilmington, Massachusetts. The 63,000 square foot space is intended to support the company's strong international growth.

The new facility represents a major investment by IBC, which makes alloys from rare earth materials, and is an attempt to increase the company's production capacity for ultra-lightweight alloys.

IBC's primary Beralcast alloys are used in the manufacturing of various components for a number of industries, including nuclear energy, automotive, aerospace and other commercial applications. They are three times stiffer than aluminium, weigh 22% less and can be precision-cast to both simple and complex configurations.

This re-ocation will streamline the production process and will improve production efficiency through additional equipment, the company said.

"This new facility has been designed specifically to meet our customers' increasingly technical requirements and high quality standards, while accommodating faster and more demanding delivery schedules," said president Ray White.

"We are looking forward to satisfying the increasing global demand for our castings and to fulfilling the needs of our growing aerospace and high tech customer base."

IBC currently employs approximately 80 people,with hopes to employ another 40 at its Wilmington plant within three years.

The Vancouver, B.C.-based company also has production facilities in Indiana, Massachusetts, Pennsylvania and Missouri, in addition to several beryllium properties across the Western US.

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Tue, 17 May 2011 14:28:00 -0400 http://www.proactiveinvestors.com/companies/news/77627/ibc-advanced-alloys-opens-new-manufacturing-plant-in-eastern-us-14680.html
<![CDATA[News - IBC Advanced Alloys to begin drill program at Juab County beryllium properties ]]> http://www.proactiveinvestors.com/companies/news/77388/ibc-advanced-alloys-to-begin-drill-program-at-juab-county-beryllium-properties-14242.html IBC Advanced Alloys Corp. (CVE:IB) said Tuesday that following an analysis of an airborne geophysical survey on its Juab County beryllium properties in Utah, the company has developed an exploration drill program to target a number of priority zones identified.

The Juab County project is located next to the Spor Mountain Mine, and the drilling program, which will consist of up to 35 holes, will be designed to test the target zones in the northern portion of the company's claim block.

The first phase of the drilling campaign is expected to start during this year's field season pending permit approval, after which the company can begin to quantify its upstream beryllium mineralization.

Vancouver-based IBC, with facilities in Indiana, Massachusetts, Pennsylvania and Missouri, manufactures and distributes rare metals-based alloys for a wide range of industries including nuclear energy, automotive, telecommunications and a number of other industrial applications.

"We are excited to be planning our summer drill program and to quantify our upstream assets which may be a vitally important component of IBC's vertically integrated mine to market business strategy," said president and CEO Anthony Dutton.

Indeed, the company hopes to use the beryllium from its Juab County property to manufacture alloys.

"IBC hopes that this property will not only support our downstream manufacturing initiatives, but also our R&D efforts in areas such as alloy development and beryllium oxide enhanced nuclear fuels."

In an effort to improve the efficiency and safety of the nuclear industry, IBC has been working with Purdue and Texas Engineering Experiment Station (TEES), a member institution of the Texas A&M University System, since 2008 to improve nuclear fuel by adding beryllium oxide, a rare metal, for commercial use in nuclear power reactors.

Tests have already shown that the new fuel is longer lasting, more efficient and that it "provides a larger safety margin than current nuclear fuels" in light water reactor systems.

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Tue, 03 May 2011 12:18:00 -0400 http://www.proactiveinvestors.com/companies/news/77388/ibc-advanced-alloys-to-begin-drill-program-at-juab-county-beryllium-properties-14242.html
<![CDATA[News - IBC Advanced Alloys announces extension for IEA beryllium workshop submissions ]]> http://www.proactiveinvestors.com/companies/news/77372/ibc-advanced-alloys-announces-extension-for-iea-beryllium-workshop-submissions-14217.html IBC Advanced Alloys (CVE:IB) said Monday that the deadline for abstract submissions for the 10th IEA International Workshop on Beryllium Technology has been extended.

The workshop, hosted by IBC in association with the IEA and the International Organizing Committee, will be held from October 23 to 26 in Vancouver, Canada. Submissions for potential presentation and publication will now be accepted until June 15.

The objective of the workshop is to disseminate the results of research in areas relevant to the use of beryllium in nuclear power systems, both fission and fusion. A wide range of presentation topics are encouraged for submission, IBC said.

Vancouver-based IBC, with facilities in Indiana, Massachusetts, Pennsylvania and Missouri, manufactures and distributes rare metals-based alloys for a wide range of industries including nuclear energy, automotive, telecommunications and a number of other industrial applications.

All abstracts for the workshop should be submitted electronically through the web-based submission platform, which is available at www.bews10.com. Submissions will be reviewed by the workshop's program committee, and should focus on one of the following topics:

--  Production, forming and joining
--  Chemical compatibility and corrosion
--  Irradiation effects
    --  Neutron, He and H-Isotope effects
    --  Microstructural evolution
    --  Mechanical & physical property degradation
--  Composition control and characterization
--  Modeling and experimental validation
--  Thermal and mechanical properties
--  Monitoring, disposal and recycling
--  Health and safety issues
--  High heat flux performance
--  Plasma/tritium interactions
--  Beryllide applications
--  Beryllium oxide

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Mon, 02 May 2011 15:01:00 -0400 http://www.proactiveinvestors.com/companies/news/77372/ibc-advanced-alloys-announces-extension-for-iea-beryllium-workshop-submissions-14217.html
<![CDATA[News - IBC signs agreements for next phase of beryllium-enhanced nuclear fuels research ]]> http://www.proactiveinvestors.com/companies/news/77125/ibc-signs-agreements-for-next-phase-of-beryllium-enhanced-nuclear-fuels-research-13782.html IBC Advanced Alloys Corp. (CVE:IB) said Tuesday it has agreed to terms for the next research phase of its beryllium-enhanced nuclear fuels project, together with Purdue University and Texas A&M University.

In an effort to improve the efficiency and safety of the nuclear industry, IBC has been working with Purdue and Texas Engineering Experiment Station (TEES), a member institution of the Texas A&M University System, since 2008 to improve nuclear fuel by adding beryllium oxide, a rare metal, for commercial use in nuclear power reactors.

In early February, IBC announced the successful completion of the group's first phase of research for the project, which showed that the new fuel is indeed longer lasting, more efficient and that it "provides a larger safety margin than current nuclear fuels" in light water reactor systems. Initial testing involved nuclear engineering simulations and thermal modeling.

The objective of the next phase of the project will be to commercialize the intellectual property for the fuel.

Under the terms of the new agreement, IBC has an option to enter into an exclusive royalty-bearing license to the intellectual property with both Purdue and Texas A&M universities. Also, the current research and development phase cannot exceed 24 months, with a budget to be paid by IBC on a quarterly basis.

The benefit of the enhanced fuel, according to IBC,  is that it features a cooler temperature than conventional fuels. While the surface temperature remains the same, the centerline temperature is significantly lowered, meaning the new fuel can be operated at a lower temperature without sacrificing power output. This results in both safety and environmental benefits, as less uranium is required to produce the same amount of power.

This could lead to decreased fuel operating costs, through increased efficiency, as well as reduced fuel consumption.

"The events in Japan graphically illustrate why IBC remains committed to nuclear technology and to supporting efforts to improve the safety and efficiency of the nuclear industry," said IBC's vice president of nuclear fuel, Jim Malone.

"IBC's enhanced BeO fuel could have been beneficial in Japan, as its high thermal conductivity would have allowed a more efficient mechanism for heat dissemination thereby reducing stresses on fuel cladding and providing more response time for reactor operators."

IBC said it plans to irradiate fuel specimens within the next research and development period, tests which will be used to evaluate the fuel's behaviour under various conditions.

In February, IBC signed an agreement with Global Nuclear Fuel America (GNF), a joint venture between GE (NYSE:GE), Hitachi and Toshiba, to complete a study on the application of the beryllium oxide technology to boiling water reactor fuel.

Global Nuclear Fuel America is one of the nuclear industry's largest fabricators and suppliers of boiling water reactor fuel and services.

Vancouver-based IBC, with facilities in Indiana, Massachusetts, Pennsylvania and Missouri, manufactures and distributes rare metals-based alloys for a wide range of industries including nuclear energy, automotive, telecommunications and a number of other industrial applications.

The company also owns prospective beryllium properties in the Western US covering approximately 9,500 hectares.

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Tue, 12 Apr 2011 09:07:00 -0400 http://www.proactiveinvestors.com/companies/news/77125/ibc-signs-agreements-for-next-phase-of-beryllium-enhanced-nuclear-fuels-research-13782.html
<![CDATA[News - IBC signs development deal with US Army for beryllium alloys ]]> http://www.proactiveinvestors.com/companies/news/76680/ibc-signs-development-deal-with-us-army-for-beryllium-alloys--12967.html IBC Advanced Alloys (CVE:IB) said Tuesday it has signed an agreement with the US Military's Army Research Laboratory and the Naval Air Systems Command to jointly develop the company's line of lightweight beryllium aluminum alloys for aerospace applications.

The family of beryllium alloys, known as Beralcast, will be tested for use in the US Armed Forces' fire scout program and other umanned air vehicle initiatives. The joint venture will look to identify component and substructures for commercial scale manufacturing to improve the sensors on board aircrafts, IBC said.

Unmanned air vehicles can fly by themselves, or be piloted remotely, and are becoming an increasingly important part of the US's airborne military capacity.

The Beralcast alloy is more than three times stiffer than aluminum, with 22% less weight, and is lower cost.
 
"IBC EngineeredMaterials has a strong aerospace background with a US Military Handbook approved product for advanced aerospace applications," said IBC Engineered Materials president, Ray White.

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Tue, 15 Mar 2011 14:57:00 -0400 http://www.proactiveinvestors.com/companies/news/76680/ibc-signs-development-deal-with-us-army-for-beryllium-alloys--12967.html
<![CDATA[News - Beryllium: enjoying a renaissance ]]> http://www.proactiveinvestors.com/companies/news/76869/beryllium-enjoying-a-renaissance-13339.html China's recent move to cut supplies of rare earth metals has put a spotlight on the importance of rare metals in modern society. Beryllium is a rare metal with unique properties that is enjoying a renaissance; its lightweight, strength, rigidity, high melting point, efficient heat conduction, resistance to corrosion, and lack of ionizing radiation (including x-ray) absorbance, is spurring a growing number of applications for the metal.

With an atomic number of 4, it is the second lightest metal, heavier only than lithium. Beryllium crystals, colored by slight impurities form the gemstones aquamarine and emerald. The metal was widely used in early nuclear weapons as a neutron generator and is used in a similar function today in nuclear reactors as a neutron moderator and reflector, bouncing scattered neutrons back into the core.

It is commonly used as alloys of copper or aluminum, imparting high strength and low warp even at high temperatures. Beryllium's high strength to weight ratio makes it an ideal for use in aerospace structural materials, where reducing weight is a constant goal. It is now found in electronics and solar cells. Ceramics made from beryllium have a multitude of uses including heat sinks due to its superb heat conducting ability. Beryllium is being used in mirrors for new space telescopes because it contracts and deforms less than glass at extreme temperatures, allowing astronomers to see farther than ever before. In a report in Nature published on February 23, physicists at the National Institute of Standards and Technology (NIST) used two beryllium atoms to demonstrate the feasibility of a quantum computer.

Impressive as the metal is, it is still a niche commodity- only about 620 metric tons of material are estimated to have been used in 2010, although that is nearly double the 2005 level. Beryllium prices have increased as well from $128/pound in 2006 to $230/pound in 2010. New research by Vancouver based IBC Advanced Alloys in collaboration with Purdue University and Texas Engineering Experiment Station (TEES) has the potential to significantly increase demand for beryllium.

In a study that began in 2008, the researchers have developed a method to improve the performance of uranium fuel for nuclear reactors through the addition of beryllium oxide. Modern reactors use pellets of uranium dioxide containing mostly uranium-238, enriched with 3-5% uranium-235- the isotope that reacts to generate energy. The pellets are contained in long tubes called fuel rods. Although highly stable, fuel pellets can suffer from premature cracking and degradation, requiring replacements before all the fuel can be consumed. This is due to the poor heat conductance of uranium, causing high temperature differences between a pellets core and its surface.

Researchers sought to improve the heat conductivity of uranium fuel pellets through the addition of various materials. Beryllium turned out to be the perfect material with its very high heat conductivity and low reactivity to uranium dioxide, even at temperatures up to 21,000 degrees Celsius. A co-sintering method was developed to produce the new beryllium enhanced fuel, forming pellets of uranium oxide interlaced with beryllium, which acts to transfer heat from a pellet’s center to its surface. However, work still ongoing to develop methods for industrial scale manufacturing of the new fuel.

Experiments have shown this new, beryllium impregnated material is able to increase heat conduction by 50%, a considerable amount, efficiently cooling the center of the fuel pellet, lowering the temperature differences between the surface and the core. This is sufficient to increase the life of each fuel rod, resulting in greater efficiency and less waste. In extreme cases, the greater heat conductivity may help prevent the proverbial “meltdown” by maintaining lower temperatures at the rod center as it heats up during use.

This novel fuel is still in the developmental stage. Results so far are very promising, but it has yet to be tested under irradiation. IBC is now looking for industry partners to conduct these critical tests. Results are likely a couple years away, but if positive, will give a huge boost to beryllium demand. Consider that while about 50,000 tons of uranium was produced in 2009 alone, known worldwide beryllium reserves as estimated by the USGS are only around 80,000 tons.

Until recently, much of the beryllium supply had come from selling down of Cold-War era nuclear stockpiles, although it is now considered a strategic material by the US Department of Defense. In a turnaround, the US has built its own beryllium production facility in collaboration with the country’s largest beryllium producer, Brush Wellman, with a capacity of 150,000 pounds per year that was just completed in 2010. Two-thirds of that output will go to the defense department.

Unlike rare earth metals, which are mainly produced in China, about 90% of mined beryllium comes from the US, according to the USGS. The US is also home to 65% of worldwide deposits, with the Gold Hill and Spor Mountain areas in Utah and the Seward Peninsula area in Alaska accounting for most of the total. About one-quarter of US consumption is imported from Kazakhstan, the largest source of beryllium outside the United States.

Due to its small market there are relatively few players in the field. Besides Brush Wellman, IBC (CVE:IB) may be the only other fully integrated beryllium producer in North America. BE Resources (CVE:BER), a beryllium focused exploration company is evaluating a property just 50 miles from its headquarters in New Mexico; it at the exploration stage.

Beryllium demand looks to continue rising, driven by continuing growth in applications, new market penetration, and now, government stockpiling.

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Fri, 04 Mar 2011 10:49:00 -0500 http://www.proactiveinvestors.com/companies/news/76869/beryllium-enjoying-a-renaissance-13339.html
<![CDATA[News - IBC Advanced Alloys detects significant target zones on Juab County claims ]]> http://www.proactiveinvestors.com/companies/news/76405/ibc-advanced-alloys-detects-significant-target-zones-on-juab-county-claims--12527.html IBC Advanced Alloys (CVE: IB) said Wednesday it has identified several high priority target zones at its beryllium claims in Juab County, Utah, following an airborne survey completed last year.

IBC and a team of experts have been working to develop a new, more efficient nuclear fuel, enhanced with beryllium, for the nuclear industry. The company is hoping that its Juab County claims will provide a source of beryllium for this new technology.

The newly identified targets will be the subject of additional drill work in 2011 to quantify the company's upstream resource base.

The airborne survey, which covered IBC's beryllium mineral claims and adjacent areas for a total of 72,380 hectares, revealed four northeast-trending fracture zones extending from previously mined areas on Spor Mountain, the world's largest beryllium mine, to the southwest into IBC's claim block. 

"These fracture zones may have been the source as well as the locus of the ore deposits on Spor Mountain," said the company in a statement.


The intercept lengths of these fracture zones, on IBC's claims, are 930 m, 1,740 m, 3,550 m, and 6,420 m, respectively. The company plans on executing a 30-to-50 hole drill campaign on the target areas this year.


"The property is very large and these targets reinforce our view that the property hosts multiple zones of beryllium mineralization," said IBC's consulting geologist Lee Rice.


"We have the added benefit of our claims being immediately adjacent to the world's largest beryllium mine and were therefore able to complete a detailed comparative analysis for a better understanding of the potential of the Juab County claims."


Vancouver-based IBC manufactures and distributes rare metals-based alloys and related products to the nuclear energy, automotive, telecommunications and industrial markets.

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Wed, 23 Feb 2011 10:40:00 -0500 http://www.proactiveinvestors.com/companies/news/76405/ibc-advanced-alloys-detects-significant-target-zones-on-juab-county-claims--12527.html
<![CDATA[News - IBC Advanced Alloys to develop more efficient nuclear fuel with GE joint venture ]]> http://www.proactiveinvestors.com/companies/news/76336/ibc-advanced-alloys-to-develop-more-efficient-nuclear-fuel-with-ge-joint-venture--12388.html IBC Advanced Alloys (CVE:IB) said Thursday it has signed an agreement with Global Nuclear Fuel America (GNF), a joint venture between GE (NYSE:GE), Hitachi and Toshiba, to develop an enhanced nuclear fuel.

In an effort to improve the efficiency and safety of the nuclear industry, IBC Advanced Alloys has been working with Purdue Univeristy and Texas Engineering Experiment Station (TEES), a member institution of the Texas A&M University System, to improve nuclear fuel by adding beryllium oxide, a rare metal, for commercial use in nuclear power reactors.

The benefit of the enhanced fuel, according to IBC,  is that it features a cooler temperature than conventional fuels. While the surface temperature remains the same, the centerline temperature is significantly lowered, meaning the new fuel can be operated at a lower temperature without sacrificing power output. This results in both safety and environmental benefits, as less uranium is required to produce the same amount of power.

This could lead to decreased fuel operating costs, through increased efficiency, as well as reduced fuel consumption.

Global Nuclear Fuel America is one of the nuclear industry's largest fabricators and suppliers of boiling water reactors (BWR) fuel and services.

"We are excited to work with IBC to help evaluate this innovative advanced oxide process to enhance the thermal performance of our BWR fuel, which in turn would result in fuel cycle benefits for plant operators," said president and CEO of GNF, Nicole Holmes.

Under the terms of the agreement signed between IBC and GNF today, the parties will jointly complete a study on the application of the beryllium oxide technology to BWR fuel.

However, IBC's patent for the technology is still pending. The beryllium oxide nuclear fuel project was announced in August 2008. In early February, IBC, together with Purdue and TEES, announced the successful completion of their first phase of research for the project, which showed that the new fuel is indeed longer lasting, more efficient and that it "provides a larger safety margin than current nuclear fuels".
 
Vancouver-based IBC, with facilities in Indiana, Massachusetts, Pennsylvania and Missouri, manufactures and distributes rare metals-based alloys for a wide range of industries including nuclear energy, automotive, telecommunications and a number of other industrial applications.

The company also owns prospective beryllium properties in the Western US covering approximately 9,500 hectares.

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Thu, 17 Feb 2011 09:00:00 -0500 http://www.proactiveinvestors.com/companies/news/76336/ibc-advanced-alloys-to-develop-more-efficient-nuclear-fuel-with-ge-joint-venture--12388.html
<![CDATA[News - IBC Advanced Alloys successfully completes initial test for enhanced nuclear fuel ]]> http://www.proactiveinvestors.com/companies/news/76074/ibc-advanced-alloys-successfully-completes-initial-test-for-enhanced-nuclear-fuel-11998.html Alternative energy is all the rage these days as the world is consuming more power than ever before. But while countries around the globe are adopting renewable energy policies, the reality is that they remain more expensive than nuclear sources.

In an effort to improve the efficiency and safety of the nuclear industry, IBC Advanced Alloys Corp. (TSX-V:IB) today announced that it has completed the first phase of its research and development project on nuclear fuels - with positive results.

The company, together with Purdue Univeristy and Texas Engineering Experiment Station (TEES), a member institution of the Texas A&M University System, have been engaged in a mission to develop a nuclear fuel enhanced with beryllium oxide, a rare metal, for commercial use in nuclear power reactors.

The benefit of the enhanced fuel, according to IBC,  is that it features a cooler temperature than conventional fuels. While the surface temperature remains the same, the centerline temperature is significantly lowered, meaning the new fuel can be operated at a lower temperature without sacrificing power output. This results in both safety and environmental benefits, as less uranium is required to produce the same amount of power.

This could lead to decreased fuel operating costs, through increased efficiency, as well as reduced fuel consumption.

In a statement released today, IBC said that intial testing of the new fuel shows that it is indeed longer lasting, more efficient and that it "provides a larger safety margin than current nuclear fuels".

"This collaborative nuclear fuels R&D work with Purdue and TEES is developing technology that could positively affect both the nuclear industry and consumers of alternative energy," said president and CEO of IBC, Anthony Dutton.

"This most recent phase of the work confirms our belief that beryllium oxide enhanced fuel will advance global nuclear fuels technology and, as a result, considerably increase demand for beryllium as a rare metal commodity."

The initial testing conducted by the research group included nuclear engineering simulations and thermal modeling, which demonstrated the fuel's potential in Light Water Reactor Systems.

IBC, together with Purdue and TEES, plan to work on developing processing methods in their next phase of research. While the initial results are promising, a significant amount of further work is required before the new fuel can be marketed for commercial use, including prototype irradiation tests.

IBC said it has already filed patents to protect its research efforts, and the company is currently considering industry partners for the next phase of collaboration testing and development.

The beryllium oxide nuclear fuel project was announced in August 2008.
 
Vancouver-based IBC, with facilities in Indiana, Massachusetts, Pennsylvania and Missouri, manufactures and distributes rare metals-based alloys for a wide range of industries including nuclear energy, automotive, telecommunications and a number of other industrial applications.

The company also owns prospective beryllium properties in the Western US covering approximately 9,500 hectares.

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Thu, 03 Feb 2011 10:08:00 -0500 http://www.proactiveinvestors.com/companies/news/76074/ibc-advanced-alloys-successfully-completes-initial-test-for-enhanced-nuclear-fuel-11998.html
<![CDATA[News - IBC's Nuclear Fuels VP appointed as Hathor Exploration's new chairman ]]> http://www.proactiveinvestors.com/companies/news/75990/ibcs-nuclear-fuels-vp-appointed-as-hathor-explorations-new-chairman-11859.html IBC Advanced Alloys (TSX-V:IB) announced Friday that its vice president of nuclear fuel, Jim Malone, has been appointed as chairman of junior uranium explorer Hathor Exploration (TSX-V:HAT), a company sitting on a major discovery in the Athabasca Basin of northern Saskatchewan.

The appointment marks Hathor's transition from a junior explorer to a uranium production and development company, IBC said.

Malone has more than 40 years of experience in the downstream business, most recently as vice-president of nuclear fuels of Exelon Generation Co., the largest generator of nuclear power in North America.

"IBC is very pleased to see Jim's long and highly respected nuclear industry experience acknowledged by Hathor," said president and CEO of IBC, Anthony Dutton.

"Jim...had an immediate and positive impact on our company's beryllium oxide nuclear fuel development program. His understanding of the nuclear fuels industry and uranium cycle has been very helpful to our nuclear fuels R&D program."

Vancouver-based IBC is a manufacturer and distributor of rare metals-based alloys, serving the nuclear energy, automotive, telecommunications and industrial sectors. The company also owns approximately 9,500 hectares of prospective beryllium properties in western US.

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Fri, 28 Jan 2011 17:17:00 -0500 http://www.proactiveinvestors.com/companies/news/75990/ibcs-nuclear-fuels-vp-appointed-as-hathor-explorations-new-chairman-11859.html
<![CDATA[News - IBC Advanced Alloys’ first quarter revenues jump 119% as beryllium alloys demand climbs ]]> http://www.proactiveinvestors.com/companies/news/75133/ibc-advanced-alloys-first-quarter-revenues-jump-119-as-beryllium-alloys-demand-climbs-10463.html A recovery in demand for IBC Advanced Alloys’ advanced alloy products boosted the company’s fiscal first quarter (3 months to September 30) revenues by 119%.


The vertically integrated beryllium exploration and research & development specialist with advanced alloy manufacturing facilities in Indiana, Massachusetts, Pennsylvania and Missouri, reported revenues of US$5.66 million while then net loss for the period reduced by 16% to $0.673 million. 


EBITDA also significantly improved, with a loss of $0.092 million compared to a loss of $0.34 million in the comparable period in 2009.  It is worth noting that the EBITDA loss applies at the corporate level; IBC’s manufacturing operations have generated positive EBITDA for several consecutive quarter.


It was the fourth consecutive quarter of revenue growth reported by the rare earth metals company.


“The increase in revenues and improved financial performance demonstrate a strong sustained recovery in demand for the Company's advanced alloy products,” IBC explained. “The Company continues to invest in growth through the expansion of its manufacturing operations and several business development initiatives.”


IBC was formed in 2007 to tackle the beryllium market from three angles: control of mineral leases that could be developed into mines, consolidation of the highly fragmented beryllium alloys industry and research & development of new applications for beryllium to increase market demand for the mineral.


To date, IBC has done exactly what it set out to do.


The company has established several R&D programs, including a nuclear fuel development partnership is currently in place with Perdue and Texas A&M Universities, which will provide IB with an exclusive license on intellectual property for commercial applications.


On the manufacturing front, it owns Beralcast, which is a specialty manufacturing business that owns proprietary technology for casting beryllium aluminum alloy that is used in a wide variety of aerospace and advanced technology applications. The company also produces moulds and tooling equipment from various alloys in a broad range of shapes, sizes and custom designs for clients in 40 countries that includes the U.S. military.


And finally, on the exploration side of the business, IBC owns three beryllium exploration projects, and recently completed a Fugro Airborne Survey over the Juab County Project which abuts the world’s largest beryllium mine at Spor Mountain.


Beryllium is a “high technology metal” that is very lightweight, strong and can withstand corrosion, high temperatures and extreme stress; it is typically used in the form of an alloy in nuclear, medical, automotive, telecom and defense industries. Russia and the United States are the primary sources of beryllium.

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Tue, 30 Nov 2010 16:41:00 -0500 http://www.proactiveinvestors.com/companies/news/75133/ibc-advanced-alloys-first-quarter-revenues-jump-119-as-beryllium-alloys-demand-climbs-10463.html
<![CDATA[News - IBC's geophyscial survey on Utah properties suggests more beryllium than previously thought ]]> http://www.proactiveinvestors.com/companies/news/74423/ibcs-geophyscial-survey-on-utah-properties-suggests-more-beryllium-than-previously-thought--9400.html Beryllium-based alloy manufacturer and distributor IBC Advanced Alloys (TSX-V: IB) on Thursday released the preliminary results of a geophysical survey completed on the company's beryllium property in Juab County, Utah, during the summer.

Analysis of the survey data revealed several extensive northeast-trending fracture zones that previously had not been identified or mapped because of the volcanic tuffs that blanket the prospect area, the Vancouver-based company said.

The next stage of the exploration program will look to determine whether there is commercially viable beryllium mineralization in the newly discovered fracture zones at surface.

"IBC is keen to progress our Juab County exploration program and this data is an excellent platform to guide the next phase of our field exploration program. A number of new geophysical anomalies were detected during the survey, which are analogous to known areas of economic beryllium mineralization," said president and CEO Anthony Dutton.

IBC said that the extensive fracture systems and geologic structure revealed suggests a greater amount of beryllium mineral deposition than was previously thought to exist.

Further analysis of the survey data is ongoing, and the company anticipates using the information to lay out future drill targets for the next phase of exploration work.

IBC's alloys are used in a number of industries including nuclear energy, automotive, telecommunications, and a range of industrial applications. The company has production facilities in Indiana, Massachusetts, Pennsylvania and Missouri and owns prospective beryllium properties in the Western US, covering approximately 9,500 hectares.

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Thu, 21 Oct 2010 16:54:00 -0400 http://www.proactiveinvestors.com/companies/news/74423/ibcs-geophyscial-survey-on-utah-properties-suggests-more-beryllium-than-previously-thought--9400.html
<![CDATA[News - IBC Advanced Alloys: high tech rare earth minerals play ]]> http://www.proactiveinvestors.com/companies/news/74340/ibc-advanced-alloys-high-tech-rare-earth-minerals-play-9274.html IBC Advanced Alloys (TSX-V:IB) based in Vancouver, Canada,  is an integrated manufacturer and distributor of beryllium alloys and related products, has production facilities in Pennsylvania, Missouri and Indiana, and exploration prospects for beryllium in Utah, Colorado and Brazil.

The company was formed in 2007 to tackle the beryllium market from three angles: control of mineral leases that could be developed into mines, consolidation of the highly fragmented beryllium alloys industry and research & development of new applications for beryllium to increase market demand for the mineral.

IBC currently has just under 245 million fully diluted shares for a market capitalization of C$35.5 million. In 2009, the company recorded revenues of CAD$11.6 million and is anticipating CAD$15 million for calendar 2010, for an increase of 28%.  At the same time, the company has been advancing its exploration ground in Utah and announcing a number of R&D milestones. In other words, IBC has done exactly what it set out to do.

Beryllium is a “high technology metal” that is very lightweight, strong and can withstand corrosion, high temperatures and extreme stress; it is typically used in the form of an alloy in nuclear, medical, automotive, telecom and defense industries. Russia and the United States are the primary sources of beryllium.

Brush Wellman (NYSE: BW) supplies 60% of world output from its Spor Mountain Mine in Utah, and much of the balance comes via the Ulba Metallurgical Plant in Kazakhstan, which processes ore from Russia. IB has signed an agreement with Kazatomprom to obtain beryllium and other alloys from Ulba. There is no spot market for beryllium, but it currently sells for around US$500 per kilogram and feeds into a worldwide market with downstream processing that is estimated at $2 billion and has an annual growth rate of 5% per year.

IB owns Beralcast, which is a specialty manufacturing business that owns proprietary technology for casting beryllium aluminum alloy, and is used in a wide variety of aerospace and advanced technology applications. The company also produces molds and tooling equipment from various alloys in a broad range of shapes, sizes and custom designs for clients in 40 countries that includes the U.S. military. Target markets include next generation transportation, electric cars, aircraft, oil and gas and transportation, requiring advanced materials and high performance alloys.

These manufacturing operations have generated positive EBITDA for several consecutive quarters, and current cash resources stand at $6.7 million offering ample working capital. IB is also currently developing a number of opportunities that could substantially increase sales revenues, and a new application for beryllium oxide within the nuclear power industry that has fired up its exploration efforts to develop its own beryllium resource.   

In addition to manufacturing, the company has established several R&D programs that have the potential to become major revenue sources in the future. A nuclear fuel development partnership is currently in place with Perdue and Texas A&M Universities, which will provide IB with an exclusive license on intellectual property for commercial applications. Provisional patents have just been filed on an enhanced nuclear fuel made up of uranium oxide and beryllium oxide. 

This type of fuel demonstrates significant cost savings and greater operating efficiencies over conventional nuclear fuels, enhances safety and reduces fission gas release allowing higher fuel burn up and less stored energy in the fuel pins. Higher thermal conductivity nuclear fuel is gaining respect from the nuclear power industry and regulators, and the acceptance of this type of fuel would provide access to a nuclear fuel market, which is expected to grow from $25 billion to $35 billion by 2020. An agreement has also been signed with Hydrogen Link to explore opportunities in solid state hydrogen storage cells utilizing beryllium, especially for small scale applications such as laptops and other portable devices, where capacity is critical.

On the exploration side of the business, IBC currently owns three beryllium exploration projects, and has just completed a Fugro Airborne Survey over their Juab County Project, known as the North and South Claim Blocks, which abut the world’s largest beryllium mine at Spor Mountain. These claim blocks cover a caldera that may have been the source of beryllium for the area, as well as extensions of geological features that carry beryllium at the adjoining mine. The recently completed survey will allow plotting of high grade targets for additional reconnaissance, sampling and drilling.  Additional properties cover a historic beryllium mine known as Boomer at Lake George, Colorado and a major pegmatite province carrying beryllium in Minas Gerais State, Brazil.

Brush Wellman is the world’s largest miner and processor of beryllium, with additional investments in the production of alloys and finished products.  Capitalized at $581.6 million, Wellman recorded annualized revenues of $1.03 billion.

Canadian based Neo Material Technologies (TSX: NEM) is a leading global producer of specialty materials and rare metals, and is capitalized at C$632 million. NEM has operations in 10 countries, and produced annualized revenues of $187.5 million.

Both of these companies serve as models for the future development of IB and are indicative of the growth potential of IB if it executes its business plan successfully.

Peer group review clearly point out to an low valuation for this growing, multi-faceted company. News flow from resource drilling, new contracts and development of multiple R&D efforts have the potential to spark a wider following in the market.

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Mon, 18 Oct 2010 13:57:00 -0400 http://www.proactiveinvestors.com/companies/news/74340/ibc-advanced-alloys-high-tech-rare-earth-minerals-play-9274.html
<![CDATA[News - IBC Advanced Alloys Files Patent For Beryllium-Containing Nuclear Fuel ]]> http://www.proactiveinvestors.com/companies/news/74035/ibc-advanced-alloys-files-patent-for-beryllium-containing-nuclear-fuel--8786.html Vancouver-based IBC Advanced Alloys (TSX-V: IB), a manufacturer of beryllium-based alloys, announced today that Purdue University has filed a patent for the design of a high thermal- conductivity nuclear fuel, developed under a research program funded by IBC.

According to research done by Purdue and Texas A&M University, the nuclear fuel, made from a mix of uranium oxide and beryllium oxide, is more efficient, safer, and less costly, compared to conventional nuclear fuels.

Under its research agreement with Purdue and Texas A&M University, IBC has the option for an exclusive license to the nuclear fuel technology.

It seems likely that IBC will exercise the option, since the company has previously expressed that the research program was intended to produce a commercially viable nuclear fuel.

Jim Malone, IBC’s Vice President of the Nuclear Fuels unit, said IBC is looking to partner with another company to continue researching the technology.  According to Mr. Malone, utilities, regulators, and fuel makers have been increasingly receptive to high thermal conductivity nuclear fuels.

Being a manufacturer and distributor of beryllium, a crucial material in the nuclear fuel, IBC stands to benefit significantly if the design is accepted by the nuclear industry.

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Wed, 29 Sep 2010 16:22:00 -0400 http://www.proactiveinvestors.com/companies/news/74035/ibc-advanced-alloys-files-patent-for-beryllium-containing-nuclear-fuel--8786.html
<![CDATA[News - IBC Advanced Alloys and Kazatomprom sign MOU to jointly exploit beryllium market ]]> http://www.proactiveinvestors.com/companies/news/70282/ibc-advanced-alloys-and-kazatomprom-sign-mou-to-jointly-exploit-beryllium-market-1417.html Beryllium related alloys specialist, IBC Advanced Alloys (TSXV: IB) announced that it has entered into a memorandum of understanding (‘MOU’) with Kazakhstan’s national atomic company, Kazatomprom to jointly develop “emerging opportunities in the global beryllium market.”


Kazatomprom is the national operator of the Republic of Kazakhstan for the export of uranium and its compounds, rare metals, nuclear fuel for nuclear power plants, special purpose equipment, technologies and double-use materials.


Under the terms of the MOU, Kazatomprom, IBC Advanced Alloys and Ulba Metallurgical Plant, which is part of Kazatomprom, will develop a plan for “strategic cooperation” in the global beryllium market to foster “market growth and technological development”.


The Ulba Metallurgical plant is one of only three beryllium production facilities in the world with a full production cycle from ore concentrate processing to finished product.


Kazatomprom will also provide IBC Advanced Alloys with beryllium and master alloy long term supply assurances.


“This MOU is an important step in developing a long-term strategic relationship between Kazatomprom, Ulba and IBC and is intended to improve manufacturing and marketing efficiencies while broadening the opportunities for beryllium metal, beryllium-based alloys and other related products,” the company stated.

"We are tremendously excited to be strengthening our relationship with Kazatomprom and Ulba and to be working together to develop opportunities in the global beryllium and beryllium master alloys market," stated Anthony Dutton, president and CEO of IBC. "This MOU is a testament to our shared belief in the future of beryllium and beryllium alloys and underlines the importance of mutual cooperation to realize full market potential. Kazatomprom and Ulba are highly respected world-class companies," continued Mr. Dutton, "and IBC is looking forward to aligning its strategic interests and expanding its global reach in partnership with acknowledged market leaders."

Due to its stiffness, light weight, and stability over a wide temperature range, beryllium is used for lightweight structural components in the defense and aerospace industries in high-speed aircraft, missiles, space vehicles, and communication satellites. Beryllium is also used as an alloying agent in the production of beryllium copper.

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Tue, 05 May 2009 14:34:00 -0400 http://www.proactiveinvestors.com/companies/news/70282/ibc-advanced-alloys-and-kazatomprom-sign-mou-to-jointly-exploit-beryllium-market-1417.html