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 [...]
Imperial Metals Corp. reports quarterly copper and gold production from Mount Polley and Red Chris mines. Imperial's production was 10,155,001 pounds copper and 13,129 ounces gold, with 6,678,094 pounds copper and 9,980 ounces gold coming from Mount Polley and 3,476,907 pounds copper and 3,149 ounces gold from its 30% share of Red Chris mine production. Mount Polley metal production for the first quarter of 2023 was [...]
Imperial Metals Corp. reports financial results for its fiscal year ended December 31, 2022. Select Annual Financial Information Years Ended December 31 expressed in thousands, except share and per share amounts 2022 2021 2020 Operations: Total revenues $172,797 $133,591 $148,097 Net loss $ $ $ Net loss per share $ $ $ Diluted loss per share $ $ $ Adjusted net loss $ $ $ Adjusted net loss per share $ $ $ Adjusted EBITDA [...]
Imperial Metals Corp. announces significantly enhanced East Ridge Exploration Target at Red Chris, indicating the potential of additional block cave mining. Imperial holds a 30% interest in the Red Chris mine. The enhanced Exploration Target, as of March 6, 2023, has increased to between 400 million tonnes at 0.49% copper and 0.42 g/t gold and 500 million tonnes at 0.47% copper and 0.39 g/t gold. This represents a [...]
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 $30,000,000 on a non-brokered private placement basis . The Debentures have a maturity date of March 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 September 1, 2023. The proceeds from the [...]
Imperial Metals Corp. reports that 2022 metals production from all operations totalled 26.49 million pounds copper and 31,176 ounces gold, up from the 19.63 million pounds copper, 18,048 ounces gold produced in 2021. Production in 2022 includes production at Mount Polley and Imperial's 30% allocation from Red Chris operations. Red Chris Mine Copper and gold production in 2022 was 67.6 million pounds copper and 63.7 [...]
Imperial Metals Corp. is pleased to announce that, further to its news release dated December 9, 2022, the Company has closed its non-brokered private placement of unsecured non-convertible debentures with an aggregate principal amount of $53 million. The Company issued unsecured non-convertible debentures of an aggregate principal amount of $48,450,000 which have a maturity date of four years from the date of issuance [...]
Imperial Metals Corp. announces its intention to secure additional financing for ongoing operations at the Mount Polley mine and continued exploration and feasibility study work at the Red Chris mine by way of a non-brokered private placement of up to $53 million aggregate principal amount of non-convertible Debentures . The Debentures will have a 4 year term ending December 16, 2026. The Company intends to issue [...]