Imperial Metals Corp. reports continued expansion of high grade mineralization at the newly discovered East Ridge zone at the Red Chris mine. East Ridge drill hole RC705 returned 254 metres of 1.0g/t gold and 1.1% copper from a depth of 718 metres, including 80 metres of 1.6g/t gold and 1.4% copper. This hole is located 100 metres above RC678 and [...]
Imperial Metals Corp. reports financial results for the three and six months ended June 30, 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 [...]
Imperial Metals Corp. reports Red Chris metal production for the second quarter of 2021 was 17.6 million pounds copper and 15,451 ounces gold, compared to 15.9 million pounds copper and 15,850 ounces gold produced during the first quarter of 2021. Improved throughput and recovery for the quarter were offset by lower head grades of 0.40% copper and [...]
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 [...]
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 [...]
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 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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]