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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

Post by miningfundion Feb 22, 2024 5:43pm
175 Views
Post# 35894481

Near useless news release today!

Near useless news release today!III's news release today may be factual but is virtually useless for Imperial shareholders. Red Chris, a Canadian mining project, is owned by a Canadian joint venture which is owned by a Canadian subsidiary of III and a Canadian subsidiary of Newcrest/Newmont. Surely the joint venture legally demands that Red Chris technical reports will be prepared in accordance with NI 43-101. In that context, it should be incumbent on III management to demand that the updated Mineral Resource and Block Cave Feasibility be prepared in accordance with NI 43-101 as usual and as expected. Newmont's reporting requirements should be irrelevant to III.
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