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 [...]
Imperial Metals reports financial results for the three months ended March 31, 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 International Financial Reporting Standards. Total revenue was $33.1 million in the March 2022 quarter compared to $33.1 million in the 2021 comparative quarter.
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 market places. Pursuant to the Bid, the Company may purchase up to 706,980 common shares, which represents 0.5% of the total 141,395,941 common shares of the Company issued and outstanding as of April 27 [...]
Imperial Metals Corp. reports Red Chris metal production for the first quarter of 2022 was 13.3 million pounds copper and 12,088 ounces gold, compared to 14.7 million pounds copper and 13,610 ounces gold produced during the fourth quarter of 2021. Imperial's 30% portion of the Red Chris first quarter production was 4 million pounds copper and 3,626 ounces gold. Metal production was lower by 9.6% for copper and 11% for [...]
Imperial Metals Corp. is pleased to report that Mount Polley Mining Corporation and the Williams Lake First Nation have signed a Revised Participation Agreement, renewing the Participation Agreement which was initially signed in December 2011 and updated in 2016. Imperial looks forward to working together to enhance Mount Polley, the T'exelcemc and the community. Brian Kynoch, President of Imperial Metals, expressed his [...]
Imperial Metals Corp. reports that eight drill rigs are now operating at Red Chris with five focusing on East Ridge exploration and three gathering geotechnical information for infrastructure related to the development of a block cave. Hole RC750W was drilled in the East Ridge zone. The East Ridge zone is outside of the current Mineral Resource estimate. Hole RC750W, which is located approximately 100 metres beneath [...]
Imperial Metals Corp. reports financial results for its fiscal year ended December 31, 2021. Select Annual Financial Information Years Ended December 31 expressed in thousands, except share and per share amounts 2021 2020 2019 Operations: Total revenues $133,591 $148,097 $71,823 Net loss $ $ $ Net loss per share $ $ $ Diluted loss per share $ $ $ Adjusted net loss $ $ $ Adjusted net loss per share $ $ $ Adjusted EBITDA [...]
Imperial Metals Corp. reports that the total 2021 metals production for the Red Chris mine was 65.4 million pounds copper and 60.2 thousand ounces gold. Copper and gold production decreased 25.9% and 18.5% respectfully, compared to 88.3 million pounds copper and 73.8 thousand ounces gold produced in 2020. The decreased 2021 metal production was a result of lower grades, with the copper grade down 24% and the gold grade [...]
Imperial Metals Corp. reports that an agreement has been reached with the Province of British Columbia for the surrender of Imperial's Giant Copper mineral claims located 37km east of Hope, BC, Canada. Imperial has held Giant Copper since April 1988. The claim area hosts two mineral deposits containing copper, silver and gold and a recently discovered gold showing. The claim area predates the creation of Manning Park and [...]
Imperial Metals Corp. reports further drilling results continue to expand the mineralization at the East Ridge zone at the Red Chris mine. Hole RC739 returned 390 metres at 0.48% copper and 0.63 g/t gold from 1,088 metres, including 44 metres at 1.3% copper and 2.0 g/t gold from 1,402 metres. This hole is located 100 metres east of RC727 . Hole RC745 located a further 100 metres east of RC739, returned 366 metres of 0.57 [...]
Imperial Metals Corp. , has acquired four mineral claims totalling 6,834.47 hectares from Freeport-McMoRan Mineral Properties Canada Inc. for the consideration of claim assessment work expenditures and a 0.5% Net Smelter Return royalty. The acquired claims are contiguous with the Company's Sustut property which is held by Selkirk Metals Corp. , a wholly owned subsidiary. It is located in northcentral British Columbia [...]
Imperial Metals Corp. reports that the NI 43-101 Technical Report for Red Chris has been filed by Newcrest Mining Ltd.. A copy of the report will be available on imperialmetals.com and the Canadian Securities Administrator's "System for Electronic Document Analysis and Retrieval" . The Technical Report has been prepared in accordance with National Instruction 43-101 - Standards of Disclosure for Mineral Projects of the [...]
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