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 > News release - updated mineral resource

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Comment by miningfundion Jan 09, 2024 7:51pm

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Post# 35818472

RE:RE:News release - updated mineral resource

Hi Temeraire, other value indicators:

Way back in August 2019, NC bought 70% of RC from III, which valued III's 30% interest in excess of $3.00 per share.

Back in June 2021, NC's RC open pit/block cave Feasibility Study valued III's 30% interest at about $4.30 per share.

Since those events, the mineral resouce has increased enormously, and the block cave Feasibilty Study is certain to value RC significanly higher.

Another positive factor is that insiders, including ME, currently own well above 50% of III.

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