OTC Bulletin Board S & P Company Insight for INFRASTRUCTURE MATRL
Profile
	Business Summary: Infrastructure Materials Corp. engages in the acquisition, exploration, and development of mineral resource properties in the United States. It seeks to explore and, if warranted, develop its limestone, precious and base metal mineral claims located in Nevada and Idaho.   Address   1135 Terminal Way   Suite 207B   Reno , NV 89502   Phone: 866-448-1073   Fax: 866-786-6415   Website: http://www.infrastructurematerialscorp.com Auditor   SCHWARTZ LEVITSKY FELDMAN, LLP   Toronto Transfer Agent   Olde Monmouth Stock Transfer Co., Inc. ShareHolders:  591 Founded:  1999 Domicile:  Delaware
Background
	Infrastructure Materials Corp., in the exploration stage as of June 30, 2009, engages in the acquisition, exploration, and development of mineral resource properties in the United States. It seeks to explore and, if warranted, develop its limestone, precious and base metal mineral claims located in Clark County, Elko County, Esmeralda County, Humboldt County, Lincoln County, Mineral County, Nye County and Pershing County in Nevada, and Caribou County in Idaho. In addition to its mineral claims, the company owns a milling facility, buildings and related milling equipment located in Mina, Nevada. In November 2008, the company substantially changed its business focus to the exploration and, if warranted, development of cement grade limestone properties located in Nevada and Idaho. The company, formerly known as Silver Reserve Corp., was founded in 1999 and is headquartered in Reno, Nevada. History:  INCORPORATED in Delaware June 3, 1999 as 54836 Corp. Name changed to Silver Reserve Corp. Apr. 11, 2006, and to Infrastructure Materials Corp. Dec. 1, 2008. August 31, 2006, issued 3,540,600 Common shares to Mojave Silver Company of Nevada, for the purchase of its 100% right, title and interest in certain mineral claims in Nevada State, for a total consideration of $885,150. Also on that date, the company issued 6,975,000 Common shares to International Energy Resources Inc. of Nevada for the purchase of its 100% right, title and interest in a mill facility and equipment for a total consideration of $1,743,750; issued 1,850,000 Common shares to Anglo Gold Mining Inc. for 100% right, title and interest in certain mineral claims in Nevada; and issued 88,500 Common shares to Nevada Refinery Inc. to purchase 100% of its right, title and interest in a refinery and equipment.   Subsidiaries: Infrastructure Materials Corp. US Silver Reserve Corp.
Management
	Management Officers Position  Joseph  Montgomery Chairman  Mason  Douglas President  Todd  Montgomery Chief Executive Officer  Rakesh  Malhotra Chief Financial Officer  Anne  Macko Secretary Directors  Mason  Douglas  Randall  Ludwar  Joseph  Montgomery  Todd  Montgomery  Brent  Walter
Annual Report
	Annual Report   Income Statement   2009 2008 Expenses: General and administrative 3,125,351 1,782,706 Project expenses 2,409,468 1,836,077 Amortization 214,204 249,842 Total Expenses 5,749,023 3,868,625 Loss from Operations (5,749,023) (3,868,625) Interest income 50,219 98,422 Interest expense -- (20,839) Net Loss (5,698,804) (3,791,042) Loss per Weighted Average Number of Shares Outstanding- Basic and Fully Diluted (0.11) (0.09) Weighted Average Shares 53,763,595 40,987,468   Balance Sheet   2009 2008 ASSETS Current Cash and cash equivalents 420,266 1,553,855 Short-term investments 3,116,803 -- Prepaid expenses 205,482 155,546 Total Current Assets 3,742,551 1,709,401 Plant and Equipment, net 1,141,920 1,340,836 Total Assets 4,884,471 3,050,237 LIABILITIES Current Accounts payable 187,000 157,516 Accrued liabilities 83,901 192,886 Total Current Liabilities 270,901 350,402 Common stock, $0.0001 par value 6,020 4,379 Additional Paid-in Capital 17,224,699 10,738,801 Deficit Accumulated During the Exploration Stage (12,429,649) (6,730,845) Other Stockholders' Equity (187,500) (1,312,500) Total Liabilities and Stockholders' Equity 4,884,471 3,050,237
Interim Report
	Interim Report    07/01/2009  -  03/31/2010   Income Statement   2010 Operating Expenses: General and administrative 1,127 Project expenses 1,720 Amortization 133 Loss from Operations (2,980) Interest income 28 Other income 239 Net income (2,713) Share earns. basic ($0.04) Share earns. diluted ($0.04) Avge. com. shs. (Thou.) 60,389   Balance Sheet   2010 Assets: Cash & equiv. 103 Short-term investments 986 Prepaid expenses and other 179 Tot. curr. assets 1,268 Plant and Equipment, net 1,016 Mineral Property Interests 514 Total assets 2,798 Liabilities: Accts. pay. 164 Accrued liabilities 81 Tot. curr. liabs. 245 STOCKHOLDERS' EQUITY: Com. stk. p.$0.0001 6 Paid-in cap. 17,690 Retained earns. (15,143) Total liabs. 2,798 Common Shares (Thou.) 61,220
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2009   1 Nil   2009   2 Nil   2009   3 Nil   2008   1 Nil   2008   2 Nil   2008   3 Nil   2008   4 Nil   2008   Full Year Nil   2007   3 Nil   2007   Full Year Nil   2006   Full Year Nil     Quarterly Net Income, US$ Year Quarter Revenue   2010   1 (1,270,000)   2010   2 (1,020,000)   2010   3 (420,000)   2009   1 (1,410,000)   2009   2 (1,720,000)   2009   3 (1,060,000)   2009   4 (1,520,000)   2009   Full Year (5,700,000)   2008   1 (590,000)   2008   2 (960,000)   2008   3 (930,000)   2008   4 (1,320,000)   2008   Full Year (3,790,000)   2007   3 (380,000)   2007   Full Year (2,850,000)   2006   Full Year (90,000)     Quarterly EPS, US$ Year Quarter Revenue   2010   1 (.02)   2010   2 (.02)   2010   3 (.01)   2009   1 (.03)   2009   2 (.03)   2009   3 (.02)   2009   4 (.02)   2009   Full Year (.11)   2008   1 (.02)   2008   2 (.02)   2008   3 (.02)   2008   4 (.03)   2008   Full Year (.09)   2007   1 (.07)   2007   2 (.01)   2007   3 (.01)   2007   4 (.01)   2007   Full Year (.09)   2006   3 Nil   2006   4 Nil   2006   Full Year (.05)
Stock Data
	Capitalization as of 06/30/2009:     Authorized Shares Outstanding Shares Class A Convertible Preferred $0.0001 par 50,000,000 None Common $0.0001 par 100,000,000 60,198,500   LONG TERM DEBT: None.   Common $0.0001 par   COMMON SOLD PRIVATELY: During the quarter ended Sept. 30, 2006, the company issued through a private placement 3,395,739 Common shares at $0.25 per share, for a total cash consideration of $848,935, including a $300,000 stock subscription previously received. UNITS SOLD PRIVATELY: August 22, 2008, the company completed private placements of 7,040,000 Units at $0.50 per Unit. Each Unit consisted of one Common share and one-half a Common share purchase warrant. Each full warrant entitles the holder to purchase one Common share at $0.75 on or before Sept. 1, 2010. The private placement was conducted entirely outside the U.S. pursuant to an exemption from registration under the Securities Act of 1933, as amended, provided by Regulation S. The company paid a commission of $147,000 and issued 294,000 broker warrants to purchase Units at $0.50 per Unit in connection with the private placement.   Stockholders:  06/30/2009, 591. PRINCIPAL STOCKHOLDERS: June 30, 2009, Pinetree Capital Ltd. owned or controlled 12.5% of the Common, NPT Fund 7.3%, Todd D. Montgomery 7.0% and Agosto Corp. Ltd. 5.2%.   Transfer Agent:  Olde Monmouth Stock Transfer Co., Inc.   Atlantic Highlands , NJ   OTC Bulletin Board( Primary): IFAM   Exchange Year High Low OTC Bulletin Board 2009 0.5200 0.1500 OTC Bulletin Board 2008 0.7500 0.0600 OTC Bulletin Board 2007 0.8800 0.0500   DIVIDENDS: Common $0.0001 par: None.