NOTIFICATION OF LATE FILING

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 12b-25

                           NOTIFICATION OF LATE FILING


(Check one):  [ ] Form 10-K   [  ] Form 20F  [  ] Form 11-K  [X] Form 10-Q
              [ ] Form N-SAR  [  ] Form N-CSR

                         For Period Ended: June 30, 2007

                       [  ]  Transition Report on Form 10-K
                       [  ]  Transition Report on Form 20-F
                       [  ]  Transition Report on Form 11-K
                       [  ]  Transition Report on Form 10-Q
                       [  ]  Transition Report on Form N-SAR

      For the Transition Period Ended: ___________________________________

Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.If the notification relates to a
portion of the filing checked above, identify the Item(s) to which the
notification relates:

PART I - REGISTRANT INFORMATION

INDUSTRIAL MINERALS, INC.
- --------------------------------------------------------------------------------
Full Name of Registrant

N/A
- --------------------------------------------------------------------------------
Former Name if Applicable

2500 One Dundas Street West, Toronto, Ontario, Canada M5G 1Z3
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Address of Principal Executive Office (Street and Number)






PART II - RULES 12b-25 (b) AND (c)

If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b) [Section 23,047], the
following should be completed.
(Check box if appropriate)

     [X]  (a) The reason described in reasonable detail in Part III of this form
          could not be eliminated without unreasonable effort or expense;

     [X]  (b) The subject annual report, semi-annual report, transition report
          on Form 10-K, Form 20F, 11-K, Form N-SAR or Form N-CSR, or portion
          thereof, will be filed on or before the fifteenth calendar day
          following the prescribed due date; or the subject quarterly report or
          transition report on Form 10-Q, or portion thereof, will be filed on
          or before the fifth calendar day following the prescribed due date;
          and

     [ ]  (c) The accountant's statement or other exhibit required by Rule
          12b-25(c) has been attached if applicable.

PART III - NARRATIVE


The unaudited financial statements as, and for the six months ended, June 30,
2007, will not be available until approximately August 20, 2007.


PART IV - OTHER INFORMATION

     (1) Name and address of person to contact in regard to this notification:

          Robert Dinning
          Industrial Minerals, Inc.
          2500 One Dundas Street West
          Toronto, Ontario, Canada M5G 1Z3


     (2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s).

[X] Yes [ ] No

     (3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subjectreport or portion thereof?

[ ] Yes [X] No

If so, attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.

     Industrial Minerals, Inc. has caused this notification to be signed on
its behalf by the undersigned thereunto duly authorized.


Date:  August 14, 2007         By:  /s/ Robert Dinning
                                    ----------------------
                                    Robert Dinning, Chief Financial Officer,
                                    Secretary and Director