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 > Fed Action

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Comment by miningfundion Dec 10, 2024 2:51pm

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Post# 36355176

RE:Fed Action

Thanks, very interesting! So, it seems that the Feds have taken over 10 years to take action regarding the impact of the 2014 breach on fisheries. The good news is that this new action should not affect current Mount Polley production. Also, blame for the breach was placed on the two engineering firms who designed the dam, and III recovered its costs from those firms. In that context, since a different engineering firm has now been charged by the Feds, it is fair to assume that the firm will be liable for any costs incurred by III and and will refund III for its costs.

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