(Exact name of registrant as specified in its charter)

Minnesota		000-25727		41-0730027
(State or other jurisdiction		(Commission File Number)		(IRS Employer
of incorporation)				Identification No.)

4832 Grand Avenue
Duluth, Minnesota		55807
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code (218) 628-2217

     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

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Item 2.06. Material Impairments.

     On September 30, 2009, an authorized officer of IKONICS Corporation (the “Company”) concluded that a material charge for impairment to the Company’s equity investment in imaging Technology international (“iTi”) is required under generally accepted accounting principles applicable to the Company due to iTi’s recent financial results. The Company’s equity investment in iTi is currently carried on the Company’s books at its cost of $919,000. The impairment will not require an additional cash outlay by the Company. The amount of the impairment will be determined at a later date and reflected in the Company’s 2009 third quarter financial results to be filed on its upcoming Quarterly Report on Form 10-Q.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.