reports
Imperial Drilling Intersects 270 Metres Grading 0.65% Copper and 0.48 ...
Imperial Drilling Intersects 270 Metres Grading 0.65% Copper and 0.48 g/t Gold at Mount Polley VANCOUVER British Columbia, April 29, 2024 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports partial diamond drill results from the Mount Polley 2024 exploration program, including a notable interval of 270 metres grading 0.65% copper and 0.48 g/t gold from 22.5 metres in diamond drill hole SD-24-179. Drilling is ongoing with 4,983 metres in 20 holes completed to date. The 2024 program is designed to follow up on last year’s successful drilling in th...
Imperial Reports Production Update for 2024 First Quarter
Imperial Reports Production Update for 2024 First Quarter VANCOUVER, British Columbia, April 25, 2024 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial”) (TSX:III) reports quarterly copper and gold production from Mount Polley and Red Chris mines. Imperial’s production was 12.353 million pounds copper and 12,861 ounces gold, with 7.355 million pounds copper and 10,009 ounces gold coming from Mount Polley and 4.998 million pounds copper and 2,852 ounces gold from its 30% share of Red Chris mine production. Mount Polley metal production (100%) for the first quarter of 2024 was 7.3...
Imperial Reports Red Chris and Mount Polley Drilling Update
Imperial Reports Red Chris and Mount Polley Drilling Update VANCOUVER, British Columbia, March 25, 2024 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports drill results from Red Chris since the last update on July 24, 2023 and Mount Polley. At Red Chris, drill hole RC875 was drilled south to north into the East Ridge, the opposite direction to most of the drilling to date, to confirm the down-dip continuity of mineralization in the East Ridge zone. The initial results from hole RC875 (previously reported in the July 24, 2023 news release) retu...
Imperial Reports 2023 Financial Results
Imperial Reports 2023 Financial Results VANCOUVER, British Columbia, March 14, 2024 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company”) (TSX:III) reports financial results for its fiscal year ended December 31, 2023. Select Annual Financial InformationYear Ended December 31 expressed in thousands, except share and per share amounts2023 2022 2021 Operations: Total revenues$344,455 $172,797 $133,591 Net loss$(36,715)$(75,975)$(26,070)Net loss per share$(0.23)$(0.51)$(0.19)Diluted loss per share$(0.23)$(0.51)$(0.19)Adjusted net loss(1)$(36,092)$(95,598)$(23,181)Adjusted net...
Imperial Provides Red Chris Update
Imperial Provides Red Chris Update VANCOUVER, British Columbia, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial”) (TSX:III) reports that Newmont Corporation (Newmont) has updated its mineral reserves and resources estimates for the Red Chris project. The Newmont mineral reserve and resource statement for Red Chris mine will be reported in line with SEC mining reporting standards, rather than National Instrument 43-101 (“NI 43-101”) standards, due to Newmont’s primary listing as a US-listed issuer. Newmont used the previous Newcrest mineral reserve and resource ...
Imperial Plans to Issue up to $45 Million of Non-Convertible Debenture...
Imperial Plans to Issue up to $45 Million of Non-Convertible Debentures VANCOUVER, British Columbia, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company” or “Imperial”) (TSX:III) is pleased to announce that it plans to issue unsecured non-convertible debentures (the “Debentures”), with an aggregate principal amount of up to $45,000,000 on a non-brokered private placement basis (the “Private Placement”). The Debentures have a maturity date of November 1, 2025 and bear interest at a rate of 12.0% per annum, with interest paid semi-annually in cash, with the first p...
Imperial Provides Update on Mount Polley 2023 Production
Imperial Provides Update on Mount Polley 2023 Production VANCOUVER, British Columbia, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial”) (TSX:III) reports that 2023 metal production from Mount Polley was 30.145 million pounds of copper and 41,834 ounces of gold. The mine achieved the low end of its target of 30–33 million pounds for copper production and exceeded the high end of its target of 35-40 thousand ounces for gold production. Red Chris production will be released when the reconciled information is received from Newmont Corporation (“Newmont”). ...
Imperial Reports Third Quarter 2023 Financial Results
Imperial Reports Third Quarter 2023 Financial Results VANCOUVER, British Columbia, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports financial results for the three and nine months ended September 30, 2023, 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 (“IFRS”). The reporting currency of the Company is the Canadian (“CDN”) Dollar. QUARTER HIGHLIGHTS FINANCIAL Total ...
Imperial Drilling Intersects 162.5 Metres Grading 0.33% Copper and 1.6...
Imperial Drilling Intersects 162.5 Metres Grading 0.33% Copper and 1.64 g/t Silver at Whiting Creek VANCOUVER, British Columbia, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports drill results of the final four holes of the 2,031 metres diamond drilling program at Whiting Creek. The drill results include an intercept of 162.5 metres grading 0.33% copper and 1.64 g/t silver in hole CW-23-3B. Ongoing surface exploration and this year’s results have extended the Creek Zone mineralization 450 metres to the west. The mineralization re...
Imperial Reports Production Update for 2023 Third Quarter
Imperial Reports Production Update for 2023 Third Quarter VANCOUVER, British Columbia, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports quarterly copper and gold production from Mount Polley and Red Chris mines. Imperial’s production for the third quarter was 12,182,493 pounds copper and 14,335 ounces gold, of which 8,056,570 pounds copper and 11,321 ounces gold were produced at Mount Polley and 4,125,923 pounds copper and 3,014 ounces gold from Imperial’s 30% share of Red Chris mine production. In the previous quarter 11,181,59...
Imperial Agrees to Issue up to $20 Million of Non-Convertible Debentur...
Imperial Agrees to Issue up to $20 Million of Non-Convertible Debentures VANCOUVER, British Columbia, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company” or “Imperial”) (TSX:III) is pleased to announce that it is planning to issue unsecured non-convertible debentures (the “Debentures”), with an aggregate principal amount of up to $20,000,000 on a non-brokered private placement basis (the “Private Placement”). The Debentures have a maturity date of July 1, 2025 and bear interest at a rate of 12.0% per annum, with interest paid semi-annually in cash, with the first...
Imperial Drilling Intersects 52.6 Metres Grading 0.45% Copper and 1.29...
Imperial Drilling Intersects 52.6 Metres Grading 0.45% Copper and 1.29 g/t Silver at Whiting Creek VANCOUVER, British Columbia, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports diamond drill results for hole CW-23-01B, the first of five drill holes from the Whiting Creek 2023 exploration program. The drill results include an intercept of 52.6 metres grading 0.45% copper and 1.29 g/t silver starting from the top of bedrock at a depth of 67.4 metres. The Whiting Creek prospect forms part of the Huckleberry property a...
Imperial Announces Closing of $16.8 Million Private Placement
Imperial Announces Closing of $16.8 Million Private Placement VANCOUVER, British Columbia, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company” or “Imperial”) (TSX:III) is pleased to announce that it has closed its previously announced non-brokered private placement of 7,000,000 common shares of the Company (“Shares”) at a price of $2.40 per Share for gross proceeds of $16,800,000 (collectively, the “Private Placement”). The proceeds from the Private Placement are intended to be used to fund the operation and development at the Company’s Red Chris mine and for gen...
Imperial Announces $16.8 Million Private Placement
Imperial Announces $16.8 Million Private Placement VANCOUVER, British Columbia, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company” or “Imperial”) (TSX:III) is pleased to announce a non-brokered private placement of up to 7,000,000 common shares of the Company (“Shares”) at a price of $2.40 per Share for gross proceeds of up to $16,800,000 (collectively, the “Private Placement”). The proceeds from the Private Placement are intended to be used to fund the operation and development at the Company’s Red Chris mine and for general working capital purposes. Closi...
Imperial Drilling Intersects 230.1 Metres Grading 0.31% Copper and 0.5...
Imperial Drilling Intersects 230.1 Metres Grading 0.31% Copper and 0.50 g/t Gold at Mount Polley VANCOUVER, British Columbia, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports diamond drill results from the final five holes of the second phase of the Mount Polley 2023 exploration program, including a notable interval of 230.1 metres grading 0.31% copper and 0.50 g/t gold starting from a depth of 7.4 metres in hole SD-23-172. The second phase of drilling was completed in June to follow up on the significant results obtained in the...
Imperial Reports Second Quarter 2023 Financial Results
Imperial Reports Second Quarter 2023 Financial Results VANCOUVER, British Columbia, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company”) (TSX:III) reports financial results for the three and six months ended June 30, 2023, 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 (“IFRS”). The reporting currency of the Company is the Canadian (“CDN”) Dollar. QUARTER HIGHLIGHTS FINANCIAL Total revenue was $85.8...
Imperial Reports Production and Red Chris Exploration Update for 2023 ...
Imperial Reports Production and Red Chris Exploration Update for 2023 Second Quarter VANCOUVER, British Columbia, July 24, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports quarterly copper and gold production from Mount Polley and Red Chris mines. Imperial’s production for the second quarter was 11,181,595 pounds copper and 14,289 ounces gold, of which 7,062,836 pounds copper and 10,185 ounces gold were produced at Mount Polley and 4,118,759 pounds copper and 4,104 ounces gold from Imperial’s 30% share of Red Chris mine production. Total...
Imperial Drilling Intersects 115 Metres Grading 0.67% Copper and 0.85 ...
Imperial Drilling Intersects 115 Metres Grading 0.67% Copper and 0.85 g/t Gold at Mount Polley VANCOUVER, British Columbia, July 18, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports diamond drill results from the Mount Polley 2023 exploration program. A second phase of drilling was completed in June to follow up on the excellent results obtained in the first phase of drilling. Both phases were conducted in an underexplored area between the Springer and Cariboo mineralized zones. Results from five of the ten holes drilled in the second p...
Imperial Agrees to Issue up to $35 Million of Non-Convertible Debentur...
Imperial Agrees to Issue up to $35 Million of Non-Convertible Debentures VANCOUVER, British Columbia, June 16, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company” or “Imperial”) (TSX:III) is pleased to announce that it is planning to issue unsecured non-convertible debentures (the “Debentures”), with an aggregate principal amount of up to $35,000,000 on a non-brokered private placement basis (the “Private Placement”). The Debentures have a maturity date of July 1, 2024 and bear interest at a rate of 12.0% per annum, with interest paid semi-annually in cash, with the first...
Imperial Announces Voting Results for the Election of Directors
Imperial Announces Voting Results for the Election of Directors VANCOUVER, British Columbia, May 25, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports, in accordance with the policies of the Toronto Stock Exchange, that the nominees listed in the management information circular dated March 30, 2023, were elected as directors of the Company at the Annual General and Special Meeting of Shareholders (the "Meeting"). Results of the vote for the election of directors held at the Meeting on May 24, 2023 in Vancouver, British Columbia are: Name...
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