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 > Earnings release!!!

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Comment by miningfundion Mar 17, 2024 9:06pm

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Post# 35937579

RE:RE:RE:Earnings release!!!

The positive side of the delayed release of the two Red Chris technical reports is that further exploration at Red Chris, particularly at East Ridge, should significantly increase the value of Red Chris as measured by the pending Feasibility Study. For a comparative reference, the 2021 Pre-Feasibility Study valued III's 30% of Red Chris at about C$690 million when III's issued share capital was about 141 million shares i.e. about C$4.90 per share.

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