Imperial Metals Corp.

Imperial Metals Corp. reports Red Chris metal production for the third quarter of 2022 was 19.2 million pounds copper and 17,513 ounces gold, down 13% and 10% respectively from the 22.0 million pounds copper and 19,540 ounces gold produced during the second quarter of 2022. Gold production of 17,513 ounces was lower than the prior period due to lower recovery and lower throughput. Recovery is expected to improve in the [...]

Imperial Metals Corp. is pleased to announce that further to its news release dated August 5, 2022, the Company has closed its non-brokered private placement of unsecured convertible debentures with an aggregate principal amount of $47 million, up from the $45 million previously announced. Each $3.20 of the principal amount of the Convertible Debentures is convertible into one common share of the Company. The Convertible [...]

Imperial Metals reports financial results for the three and six months ended June 30, 2022, 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 IFRS. Total revenue increased to $36.4 million in the June 2022 quarter compared to $34.2 million in the 2021 comparative quarter, an increase of $2.2 million.

Imperial Metals announces its intention to secure additional financing for the restart of the Mount Polley Mine by way of a non-brokered private placement of $45 million aggregate principal amount of convertible debentures. The Mount Polley mine is currently operating at targeted production rates. However, the restart took longer than planned due to difficulties in hiring operating personnel, supply chain challenges and [...]

Imperial Metals reports Red Chris metal production (100%) for the second quarter of 2022 was 22.0 million pounds copper and 19,540 ounces gold, up 65% and 62% respectively from the 13.3 million pounds copper and 12,088 oz gold produced during the first quarter of 2022. The improved production was a result of higher throughput, higher head grades (0.48% copper and 0.39 g/t gold compared to 0.41% copper and 0.36g/t gold [...]

Imperial Metals is providing additional details of the Rights Offering, which expired at 2:00 p.m. Friday, June 24, 2022. To the knowledge of the Company, no person became an insider as a result of the Rights Offering. Existing insiders acquired an aggregate of 8,066,157 shares pursuant to the Basic Subscription Privilege and 2,451,001 shares pursuant to the Additional Subscription Privilege.

Imperial Metals is pleased to announce the completion of its previously announced rights offering, which expired at 2:00 p.m. Friday, June 24, 2022. The Company will issue a total of 13,475,400 common shares in the Rights Offering for gross proceeds of approximately $41.0 million. The Company will issue a total of 9,948,611 common shares under basic subscription privileges in the Rights Offering and a total of 3,526,789 [...]

Imperial Metals would like to remind its shareholders of the upcoming deadlines and essential details of its previously announced rights offering made to the holders of common shares of the Company of record at the close of business on May 31, 2022. The rights will expire at 2:00 p.m. (Pacific Time) on June 24, 2022, after which time unexercised rights will be void and of no value.

Imperial Metals reports, in accordance with the policies of the Toronto Stock Exchange, that the nominees listed in the management information circular dated April 1, 2022 were elected as directors of the Company at the Annual General Meeting of Shareholders. Results of the vote for the election of directors held at the Meeting on May 25, 2022 in Vancouver, British Columbia are:

Imperial Metals announces that it will conduct a rights offering to raise gross proceeds of up to approximately C$53,730,456 through the issuance of rights to subscribe for an aggregate of 17,674,492 common shares of the Company at a subscription price of C$3.04 per Common Share. The Rights Offering is being made to all existing shareholders in eligible jurisdictions, as disclosed in the Company's rights offering circular [...]