Imperial Metals Corp IPMLF

Primary Symbol: T.III

Imperial Metals Corporation is a Canada-based exploration, mine development and operating company. The Company’s holdings include the Mount Polley mine (100%), the Huckleberry mine (100%), the Red Chris mine (30%). The Company also holds a portfolio of about 23 greenfield exploration properties in British Columbia. The Mount Polley copper/gold mine in south-central British Columbia is owned 100% by Mount Polley Mining Corporation, a wholly owned subsidiary of the Company. The property encompasses about 24,096 hectares (ha) consisting of seven mining leases and 52 mineral claims. The Huckleberry copper mine in west-central British Columbia is 100% owned by Huckleberry Mines Ltd., a wholly owned subsidiary of the Company. The property encompasses about 25,767 ha, consisting of two mining leases and 49 mineral claims. Red Chris Development Company Ltd., a subsidiary of the Company, owns a 30% beneficial interest in the Red Chris copper/gold mine in northwest British Columbia.

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Imperial Metals Corp > Earnings release!!!

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Comment by miningfundion Mar 18, 2024 12:32pm

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Post# 35938527

RE:RE:RE:RE:RE:Earnings release!!!

Hi McDuck, better to temporarily finance with debt at 12% interest than take a 50% dilution by equity financing. Also, once III receives the very robust Red Chris feasibility study, it will easily raise cheaper project financing for its 30% Red Chris share, which will also repay the current ME debt. (Assuming Newport hasn't acquired III's 30% Red Chris at a generous price before then).

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