Imperial Metals Corp T.III

Alternate Symbol(s): IPMLF

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

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Post by miningfundion Sep 04, 2017 6:11pm

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Post# 26654212

Mine & financing plans coming up

The next several weeks will be very interesting according the company's 08/14/17 release:

"The company is reviewing its mine plans and its capital requirements as a result of lower-than-expected metal production in the first half of 2017."

"The company has obtained a waiver from the senior credit facility lenders ... that covers the period to Sept. 30, 2017, and requires the company to deliver a financing plan to the senior credit facility lenders for their approval prior to Sept. 30, 2017."

Best case is higher grades, recoveries, and metal prices resulting in a long-term refinancing of debt on reasonable terms with minimal share dilution. We can only hope ...

Bullboard Posts

Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle