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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 Temeraire2on Dec 10, 2024 1:28pm
123 Views
Post# 36354992

Fed Action

Fed ActionAfter thinking on it further am guessing our Federal "civil servants" have decided to act ahead of a change in Govt which they might be guessing might have held off given their growth agenda and that their was no intent nor negligence by the company but rather a legacy structural problem.   A conclusion reached by the Province....


Before the provincial statute of limitations expired in 2017, the government of British Columbia did not file charges under provincial law related to the 2014 Mount Polley tailings dam failure. Chris Doyle, the deputy chief of the BC Conservation Officer Service, stated that while the investigation was ongoing, no charges were laid as the investigation was not completed by the deadline. However, federal charges under the Fisheries Act remained a possibility, as the penalties associated with federal violations could be more significant.

The government stated that the incident had led to regulatory changes to strengthen mining safety, including revisions to the mining code and enhanced compliance measures. Still, the lack of provincial charges raised concerns about accountability and regulatory oversight among critics, including environmental organizations and local residents, who emphasized the long-term impacts of the disaster on the community and environment. The provincial government maintained that the investigation and enforcement actions would continue under federal jurisdiction

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