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 > Imperial Reports Third Quarter 2023 Financial Results

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Comment by miningfundion Nov 21, 2023 5:28pm

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Post# 35747323

RE:Imperial Reports Third Quarter 2023 Financial Results

Just for clarity, III has had positive cash flow from oprations since Q1, 2023, thanks to Mount Polley. But III is not cash flow positive. For example, after deducting interest payments and property exploration and development, it is massively cash flow negative, which is why it regulary needs additional financing.

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