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World Biofuels Symposium
November 13-15, 2005
Beijing, China

2nd Annual Canadian Renewable Fuels Summit
December 13-15, 2005
Toronto, Ontario, Canada
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February 5-8, 200
San Diego, California
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February 20-22, 200
Las Vegas, Nevada, USA
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June 20-23, 200
Milwaukee, Wisconsin, USA

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Posted on  

April 4, 2002

Iron Mask Mining Company Announces Plans to Penetrate the Ethanol Market

Iron Mask Mining Company (OTCBB:IMKG) today announced its interest to design, build and operate an ethanol facility in Southern Idaho.

Dr. Dennis D. Keiser, the President and CEO announced that "the feasibility studies for the plant have been nearly completed and that several locations are now under consideration, with a decision on the location to be forthcoming." Iron Mask Mining Company, soon to be renamed Intrepid Technology and Resources, Incorporated, is currently in discussions / negotiations with several partner companies on forming a Limited Liability Company for the purpose of financing, owning and operating the facility. With the State of California banning the gasoline oxygenation additive MTBE starting January 1, 2004 there will be a significant increase in ethanol (which acts as a clean oxygenation additive). "We believe that Idaho is strategically positioned both as an agricultural state and its proximity to California to position itself as a major supplier for the demands of ethanol that will soon exist in California and surrounding states," says Dr. Keiser.

In addition, President Bush's energy plan will require an increase in the amount of ethanol that must be blended in the nations gasoline consumption from 2% up to 5%, helping to reduce the country's dependency on foreign oil.

The Western U.S. market for ethanol consumption is anticipated to grow from the current 25-50 million gallons per annum to 2-2.5 billion gallons in the next several years. The Company believes Idaho and Montana are strategically positioned due to rail access, location to the West Coast and their strong agricultural base (in grain production) to capitalize on this emerging market for ethanol. Idaho and Montana could provide upwards of 25% of this Western demand (500 million gallons per year), equating to approximately ten plants in the two states. The company intends to position itself to prove a significant portion of that 25%.


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