Imperial Metals Corp. reports diamond drill results for hole CW-23-01B, the first of five drill holes from the Whiting Creek 2023 exploration program. The drill results include an intercept of 52.6 metres grading 0.45% copper and 1.29 g/t silver starting from the top of bedrock at a depth of 67.4 metres. The Whiting Creek prospect forms part of the Huckleberry property and is located approximately 8.5 km north of the [...]
Imperial Metals Corp. is pleased to announce that it has closed its previously announced non-brokered private placement of 7,000,000 common shares of the Company at a price of $2.40 per Share for gross proceeds of $16,800,000 . The proceeds from the Private Placement are intended to be used to fund the operation and development at the Company's Red Chris mine and for general working capital purposes. N. Murray Edwards [...]
Imperial Metals Corp. is pleased to announce a non-brokered private placement of up to 7,000,000 common shares of the Company at a price of $2.40 per Share for gross proceeds of up to $16,800,000 . The proceeds from the Private Placement are intended to be used to fund the operation and development at the Company's Red Chris mine and for general working capital purposes. Closing of the Private Placement is anticipated to [...]
Imperial Metals Corp. reports diamond drill results from the final five holes of the second phase of the Mount Polley 2023 exploration program, including a notable interval of 230.1 metres grading 0.31% copper and 0.50 g/t gold starting from a depth of 7.4 metres in hole SD-23-172. The second phase of drilling was completed in June to follow up on the significant results obtained in the first phase of drilling. Both [...]
Imperial Metals Corp. reports financial results for the three and six months ended June 30, 2023, as summarized in this news release and discussed in detail in the Management's Discussion & Analysis. The Company's financial results are prepared in accordance with International Financial Reporting Standards . The reporting currency of the Company is the Canadian Dollar. QUARTER HIGHLIGHTS FINANCIAL Total revenue was $85.8 [...]
Imperial Metals Corp. reports quarterly copper and gold production from Mount Polley and Red Chris mines. Imperial's production for the second quarter was 11,181,595 pounds copper and 14,289 ounces gold, of which 7,062,836 pounds copper and 10,185 ounces gold were produced at Mount Polley and 4,118,759 pounds copper and 4,104 ounces gold from Imperial's 30% share of Red Chris mine production. Total production increased [...]
Imperial Metals Corp. reports diamond drill results from the Mount Polley 2023 exploration program. A second phase of drilling was completed in June to follow up on the excellent results obtained in the first phase of drilling. Both phases were conducted in an underexplored area between the Springer and Cariboo mineralized zones. Results from five of the ten holes drilled in the second phase have been received and include [...]
Imperial Metals Corp. is pleased to announce that it is planning to issue unsecured non-convertible debentures , with an aggregate principal amount of up to $35,000,000 on a non-brokered private placement basis . The Debentures have a maturity date of July 1, 2024 and bear interest at a rate of 12.0% per annum, with interest paid semi-annually in cash, with the first payment due January 1, 2024. The proceeds from the [...]
Imperial Metals Corp. reports, in accordance with the policies of the Toronto Stock Exchange, that the nominees listed in the management information circular dated March 30, 2023, were elected as directors of the Company at the Annual General and Special Meeting of Shareholders . Results of the vote for the election of directors held at the Meeting on May 24, 2023 in Vancouver, British Columbia are: Name Votes For % Votes [...]
Imperial Metals Corp. reports diamond drill results from the Mount Polley 2023 exploration program. Five diamond drill holes totalling 2,720 metres were successful in intercepting mineralization in an underexplored area between the Springer and Cariboo mineralized zones. All the holes intersected mineralization in the undrilled area between the Springer and Cariboo zones. The results included some higher grade intervals [...]
Imperial Metals Corp. reports financial results for the three months ended March 31, 2023, as summarized in this news release and discussed in detail in the Management's Discussion & Analysis. The Company's financial results are prepared in accordance with International Financial Reporting Standards . The reporting currency of the Company is the Canadian Dollar. QUARTER HIGHLIGHTS FINANCIAL Total revenue was $92.7 million [...]
Imperial Metals Corp. announces the Toronto Stock Exchange has accepted the Company's Notice of Intention to make a Normal Course Issuer Bid to be transacted through the facilities of the TSX or alternative Canadian marketplaces. Pursuant to the Bid, the Company may purchase up to 774,357 common shares, which represents 0.5% of the total 154,871,341 common shares of the Company issued and outstanding as of May 8, 2023 [...]