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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.


TSX:III - Post by User

Comment by miningfundion Feb 06, 2023 2:27pm
119 Views
Post# 35269849

RE:RE:RE:RE:RE:Newmont possible bid for Newcrest

RE:RE:RE:RE:RE:Newmont possible bid for NewcrestImperial has a zero role in the potential takeover of NCM by Newport - III is completely passive. It's only potential indirect role is if NCM, very soon, decides to buy out III's 30% interest in Big Red which is growing into a hugely valuable gold/copper asset in a stable country like Canada (unlike the troubles First Quantum is facing in Panama). This could help sweeten Newmont's bid price for NCM.

Alternatively, if NCM does not buy out III's Big Red interest and the Newport bid for NCM succeeds, it is almost inevitable that Newport will buy III's Red Chris interest rather than having a junior partner in a massive project - refer to the TRQ / Rio Tinto deal.
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