AIM Exploration Inc.
Henderson, NV 89012, US
Aim Exploration Inc. (AEXE) is a Henderson, NV headquartered company and operates as a junior mining company focusing on global mining, exploration and production. Aim’s current focus in on exploration of Feldspar, Anthracite Coal and Silica Sand.
The company currently has two existing projects, a 40% interest in a Feldspar mine located in the Philippines and an Anthracite Coal project located in Peru. The Feldspar mine is currently producing and is undergoing upgrades for expanded production. The operation is controlled in a Joint Venture with Paladino Management & Development Corp. The Anthracite Coal project Aim owns and/or controls through its wholly owned subsidiary, Aim Exploration SA. Furthermore, Aim is close to acquiring the rights to a Silica sand mine located in Kanab, UT.
Anthracite is the highest-ranking coal because it is older, harder, contains more carbon, has lower moisture content, and produces more energy than all other types of coal (World Coal Association). It is used industrially for metallurgy, coal gasification and liquefaction, power generation, water purification and filtration, and also for manufacturing of carbon composite materials. Anthracite is highly desirable, yet comprises less than 1% of global coal reserves. Its high carbon content of 82% to 86% makes it more cost-efficient than gas, oil or wood. Its low sulphur and volatile content makes it the cleanest-burning solid fossil fuel (Resource-Net).
Aim is currently working with a firm from India (Prina Energy) that has issued a Letter of Intent (LOI) to purchase 500,000 MT of our anthracite annually for a five-year period. Representatives from Prina Energy have viewed the mine site, and met with key players in our logistics program and officials at the Port of Salaverry. The agreement with Prina Energy is coming at a very advantageous time. The Indian government has ambitious plans to expand the manufacturing sector, where coal is the lowest-cost base load option. India will become the second-largest coal consumer in the world, bypassing the United States, and the largest import of thermal coal.
Products / Services
PERU: ANTHRACITE COAL PROPERTY
AIM owns and/or controls three anthracite mining concessions in Peru, covering 1,000 adjoining
hectares in a region approximately four hours from the city of Trujillo. The company obtained
these assets from Percana Mining Corp in June 2014. Percana had obtained mining rights in the
area based on indications of high-grade anthracite coal. Artisan miners have been operating
approximately 20 mines on the property, which supports the presence and mining capabilities of
PHILIPPINES: FELDSPAR PROPERTY
AIM owns 40% of Paladino Management & Development Corp. Paladino owns 100% of the Ravel
mining claim in Pasuquin, in the province of Ilocos Norte. The claim covers 24 acres of land rich
with feldspar, quartz and limestone deposits, and the site has been producing feldspar for sale
since the 1960s. During the past year, AIM in collaboration with Paladino has been working
diligently to increase its concession holdings to include adjoining properties that have in excess of
600 acres. These acquisitions would have the effect of increasing production substantially.
Currently, the local mining authorities have given preliminary approval and Paladino is awaiting
formal federal approval.
UTAH, USA: SILICA SAND PROPERTY
In addition to the current holdings, AIM is very close to consummating an agreement to acquire
100% ownership of a private company known as Crystal Sands LLC . The details of the expected
acquisition are AIM will be paying part in cash and part in shares. Through the Crystal Sands LLC
acquisition, AIM would own the 10-year metallic and non-metallic mining licenses associated
with this property. The site is located near Kanab city, UT in Kane County. As part of its due
diligence, the company used Stim Labs Inc. to test sand samples from the property. The results
show high quartz content (97%), which is an important factor in the marketability of the sand to
different customer groups. The sand is also suitable for fracking and as oil prices rebound, AIM
could become a supplier of fracking sand.
Chief Executive Officer
James Robert Todhunter
Mr. Todhunter has been our President, Chief Executive Officer and a Director since September 18, 2014. He joins AIM from Percana Mining Corp., where he has worked for the past 8 years as a director and in a number of senior executive roles including President. During his involvement with Percana the company made significant advancements with the company’s presence in Peru.
Mr. Todhunter brings over 35 years experience in corporate finance, business consulting and marketing with both private and public corporations in North America and internationally, including as President of Amerirep Northwest Inc. in Seattle, Vice President of Penn Capital in Seoul, and Director of Finance and Marketing for E-Com Technologies. Mr. Todhunter was formerly with the Royal Bank of Canada (20+ years) where he held managerial positions in both retail and business operations. Bob completed his formal education studies through the Institute of Canadian Bankers at the University of British Columbia.
Chief Financial Officer
Mr. Formoso has been our sole officer and a director since our inception on February 18, 2010. Mr. Formoso is an Industrial Management Engineer with extensive experience in supply chain management and business analysis and development. He has worked in a variety of industries that include food, beverage, packaging, business process outsourcing, mining, and medical diagnostics.
Mr. Formoso currently holds the position of President of Paladino Management and Development Corporation, which manages a feldspar mining and processing operation in northern Philippines. He is also the Vice President (VP) of Operations and Treasurer of PharmaCanada, Inc.—a medical diagnostics company specializing in early cancer detection. He has held key roles that include: Director of Sherpa Global Supply Chain Solutions Center, Inc., President and Chief Operating Officer of Asialink Business Process Outsourcing, Inc., and various management positions with San Miguel Corporation (a Filipino conglomerate).
Mr. Rivera has been a director since our inception on February 18, 2010. Mr. Rivera has extensive experience in the fields of investment, stock market operations, e-commerce and mining. He is currently President and CEO of Global Filipino Solutions, Inc. (GFSI), Chairman and President of Paladino Mining and Development Corporation; and Vice Chairman of Pharmacanada, Inc.
From 1977 to 1987, Mr. Rivera established trading operations involving commodity futures and currency trading in the Philippines, Saudi Arabia, Australia, Singapore and Hong Kong. In 1987, he co-founded Equiti-World Stockbrokers, Inc., and Supreme Stockbrokers, Inc. Both companies are still active in the Makati Stock Exchange. In 2005 he established the Canadian operations of Paystone Technologies Inc. and Banco De Oro (Philippines). He was also responsible for founding the first Quantitative Cytology Technology in the Philippines, in partnership with PMI Lab of Vancouver, Canada.
Director Counsel/Legal Officer
Dr. Carlos Arias Eguiguren
Dr. Arias has a long, distinguished career in the mining industry. He received a law degree in 1989 and a doctorate in law in 2000 in Ecuador, and a Master’s in International Business Legal Studies in 1993 from the University of Exeter in the U.K. He also earned a diploma in transactional contracts from the International Development Law Institute in Rome in 1993.
Dr. Arias is a former Director of the Ecuadorian Chamber of Mines. He has served with several mining companies and been responsible for important mining projects, including serving as President of Ecuadorian Minerals Corporation (1993-1995), General Manager of Aurelian Resources (2001-2004), and General Manager of Avalanche Resources (2000-2008).
Currently, Dr. Arias serves as VP and Director of Fort St. James Nickel Corp. of British Colombia; GM of Lateegra Ecuador S.A.; Associate of Investbank Corp.; and Executive Director for the Andean Region of OIS & Associates. He also maintains a busy legal practice.