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 [...]
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 [...]
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 [...]
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 [...]
Imperial Metals Corp. reports diamond drill results from the final hole of the Mount Polley 2020 exploration program. Drill results from the first five holes were released February 8, 2021. A total of six drill holes, totalling 3,792 metres in length, were completed in the 2020 fourth quarter. Drill hole SD-20-162 was drilled in the Springer zone [...]
Imperial Metals Corp. reports that construction has commenced on the portal site for an exploration decline into the deep East zone at Red Chris. Brian Kynoch, President of Imperial Metals said, "The beginning of work to develop an underground mine at Red Chris is a key moment in the mine's life. This is the first step in the development of an [...]
Imperial Metals Corp. reports results from diamond drilling at its Mount Polley mine. Six drill holes totalling 3,792 metres in length were completed in the 2020 fourth quarter. The drilling campaign had two objectives. The first objective was to improve drill hole data density of mineralization near historic mining areas where the use of [...]
Imperial Metals Corp. reports that the total 2020 metals production for the Red Chris mine was 88.3 million pounds copper and 73,787 ounces gold. Copper and gold production increased 22.9% and 102.9% respectfully, compared to 71.9 million pounds copper and 36,471 ounces gold produced in 2019. The increased 2020 metal production was driven mainly by [...]
