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Imperial Metals (T.III) in court bid to remove blockade at B.C. mine

Stockhouse Editorial
0 Comments| October 8, 2014

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Imperial Metals Corp. (TSX: T.III, Stock Forum) has filed a lawsuit against individuals that are blocking access to its Red Chris copper-gold mine in Northern British Columbia, according to a Stockwatch report.

In a lawsuit filed in the Supreme Court of British Columbia, the company said that two groups are preventing it from moving people or equipment to the site.

The roadblocks are active despite previous agreements the company said it had with the Tahltan Central Council and Iskut First Nation, according to the Stockwatch report.

According to a statement of claim filed on October 3, 2014, the defendants include Rhoda Quock, a Tahltan member who heads a group called the Klabona Keepers. Also named in the suit is Kanahus Manuel, a member of the Secwepemc First Nation, Stockwatch said.

“An enforcement order is required as the RCMP have taken the position that they will not enforce a court order for an injunction without an enforcement order,’’ Imperial said.

Stockhouse was unable to reach Imperial Metals for comment on the blockade.

Imperial Metals shares were off 0.25% to $8.12 on Wednesday, leaving a market cap of $608.7 million, based on 75 million shares outstanding.

That’s down from around $17 prior to a tailings breach at the company’s Mount Polley mine in B.C., where millions of cubic metres of waste water and silt spilled into nearby river systems on August 4, 2014.


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