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

Imperial Metals Corp

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Post by Bravohiton Oct 09, 2020 7:58am

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Post# 31694550

Some good news in the short term (today)

https://ca.finance.yahoo.com/news/lundin-copper-miners-begin-strike-125346824.html

Usually I point out the shortcomings of III. However the company with its ownership of RC (30%) has some upside.

One of them is stabiitliy of supply. Currently Chile is seeing another strike and blockades - part of the reason why Cu spiked last night.

However, III itself has some supply problems over the last two years (forest fires, strike last year..etc). Still, better positioned to supply US and China than some third world nations. Hopefully a big jump today.

BH

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