Imperial Metals Corp. is providing additional details of the Rights Offering completed June 25, 2021. To the knowledge of the Company, no person became an insider as a result of the Rights Offering. Existing insiders acquired an aggregate of 5,834,477 shares pursuant to the Basic Subscription Privilege and 1,453,337 shares pursuant to the Additional Subscription Privilege. About Imperial Imperial is a Vancouver based [...]
Imperial Metals Corp. is pleased to announce the successful completion of its previously announced rights offering , which expired at 2:00 p.m. today. The Company will issue a total of 12,853,267 common shares in the Rights Offering for gross proceeds of approximately $60.4 million. The Company will issue a total of 10,992,281 common shares under basic subscription privileges in the Rights Offering and a total of [...]
Imperial Metals Corp. reports expanded high grade mineralization in the newly discovered East Ridge zone. Results from East Ridge drill hole RC688, located 100 metres east of hole RC684, returned 344 metres of 0.70 g/t gold and 0.75% copper from a depth of 776 metres including 170 metres of 1.1 g/t gold and 1.1% copper. Brian Kynoch, President of Imperial Metals, said, "This exciting new discovery at the East Ridge is [...]
Imperial Metals Corp. reports, in accordance with the policies of the Toronto Stock Exchange, that the nominees listed in the management information circular dated April 1, 2021 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 26, 2021 in Vancouver, British Columbia are: Nominee Votes For % Votes Withheld [...]
Imperial Metals Corp. announces that it will conduct a rights offering to raise net proceeds of up to approximately C$60.2 million, through the issuance of rights to subscribe for an aggregate of 12,853,267 common shares of the Company at a subscription price of C$4.70 per Common Share. The Rights Offering is being made to all existing shareholders in eligible jurisdictions, as disclosed in the Company's rights offering [...]
Imperial Metals Corp. reports financial results for the three months ended March 31, 2021, as summarized in this 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 increased to $33.1 [...]
Imperial Metals Corp. reports Red Chris metal production for the first quarter of 2021 was 15.9 million pounds copper and 15,850 ounces gold, compared to 17.2 million pounds copper and 16,251 ounces gold produced during the fourth quarter of 2020. In February, a major power outage during an extreme winter weather event caused some mill infrastructure to freeze. The freezing conditions resulted in damage to a regrind mill [...]
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 642,632 common shares, which represents 0.5% of the total 128,526,424 common shares of the Company issued and outstanding as of April 23 [...]
Imperial Metals Corp. reports that Newcrest Mining Ltd. has released a Mineral Resource estimate for the Red Chris mine. Red Chris is operated by Newcrest under a Joint Venture Agreement with Imperial. Since becoming operator in August 2019, Newcrest has embarked on an extensive work program to define the potential of block cave mining beneath the existing open pit operation. Activities have included: additional [...]
Imperial Metals Corp. reports financial results for its fiscal year ended December 31, 2020. Select Annual Financial Information Years Ended December 31 expressed in thousands, except share and per share amounts 2020 2019 2018 Continuing Operations: Total revenues $ 148,097 $ 71,823 $ 104,437 Net loss $ $ $ Net loss per share $ $ $ Diluted loss per share $ $ $ Adjusted net loss $ $ $ Adjusted net loss per share [...]
Imperial Metals Corp. announces acquisition of a 30% interest in the GJ Property for $3.04 million from its Joint Venture partner Newcrest Red Chris Mining Limited . The GJ Property will be included as part of the Red Chris Joint Venture. The GJ Property includes known copper-gold porphyry mineralization and is located approximately 30 kilometres southwest of the Red Chris mine. The property covers the south west extent [...]
Imperial Metals Corp. reports Red Chris drilling has discovered new zones of higher grade mineralization to the south of the South Boundary Fault and east of the East zone. This is a significant development at Red Chris, as historically the South Boundary Fault was assumed to act as the limit of the Porphyry Deposit to the south and east. An important new zone of higher grade mineralization has been discovered within what [...]
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