News & Videos - IMPERIAL METALS IPMLF - Page 2

VANCOUVER, British Columbia, May 08, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) announces the Toronto Stock Exchange (the “TSX”) has accepted the Company’s Notice of Intention to make a Normal Course Issuer Bid (the “Bid”) to be transacted through the facilities of the TSX or alternative Canadian marketplaces. Pursuant to the Bid, the Company may purchase up to 774,357 common shares, which represents 0.5% of the total...

VANCOUVER, British Columbia, April 26, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial”) (TSX:III) reports quarterly copper and gold production from Mount Polley and Red Chris mines. Imperial’s production was 10,155,001 pounds copper and 13,129 ounces gold, with 6,678,094 pounds copper and 9,980 ounces gold coming from Mount Polley and 3,476,907 pounds copper and 3,149 ounces gold from its 30% share of Red Chris mine production. Mount Polley metal production (100%) for the...

VANCOUVER, British Columbia, March 14, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company”) (TSX:III) reports financial results for its fiscal year ended December 31, 2022. Select Annual Financial Information Years Ended December 31 expressed in thousands, except share and per share amounts 2022 2021 2020 Operations: Total revenues $172,797 $133,591 $148,097 Net loss $(75,975 ) $(26,070 ) $(4,892 ) Net loss per share $(0.51 ) $(0.19 ) $(0.04 ) Diluted loss per share $(0.51 )...

VANCOUVER, British Columbia, March 13, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Imperial” or the “Company”) (TSX:III) announces significantly enhanced East Ridge Exploration Target at Red Chris, indicating the potential of additional block cave mining. Imperial holds a 30% interest in the Red Chris mine. The enhanced Exploration Target, as of March 6, 2023, has increased to between 400 million tonnes at 0.49% copper and 0.42 g/t gold and 500 million tonnes at 0.47%...

VANCOUVER, British Columbia, March 01, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company” or “Imperial”) (TSX:III) is pleased to announce that it is planning to issue unsecured non-convertible debentures (the “ Debentures ”), with an aggregate principal amount of up to $30,000,000 on a non-brokered private placement basis (the “ Private Placement ”). The Debentures have a maturity date of March 1, 2024 and bear interest at a rate of 12.0% per annum, with interest...

VANCOUVER, British Columbia, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Imperial”) (TSX:III) reports that 2022 metals production from all operations totalled 26.49 million pounds copper and 31,176 ounces gold, up from the 19.63 million pounds copper, 18,048 ounces gold produced in 2021. Production in 2022 includes production at Mount Polley (with first production in late June 2022) and Imperial’s 30% allocation from Red Chris operations. Red Chris Mine Copper and...

VANCOUVER, British Columbia, Dec. 28, 2022 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company” or “Imperial”) (TSX:III) is pleased to announce that, further to its news release dated December 9, 2022, the Company has closed its non-brokered private placement (the “ Private Placement ”) of unsecured non-convertible debentures (the “ Debentures ”) with an aggregate principal amount of $53 million. The Company issued unsecured non-convertible debentures (the “ A...

VANCOUVER, British Columbia, Dec. 09, 2022 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) announces its intention to secure additional financing for ongoing operations at the Mount Polley mine and continued exploration and feasibility study work at the Red Chris mine by way of a non-brokered private placement of up to $53 million aggregate principal amount of non-convertible Debentures (the “Debentures”). The Debentures will have a 4 year term...

VANCOUVER, British Columbia, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company”) (TSX:III) reports financial results for the three and nine months ended September 30, 2022, as summarized in this news release and discussed in detail in the Management’s Discussion & Analysis. The Company’s financial results are prepared in accordance with International Financial Reporting Standards (“IFRS”). The reporting currency of the Company is the Canadian (“CDN”)...

VANCOUVER, British Columbia, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company”) (TSX:III) reports Red Chris metal production (100%) for the third quarter of 2022 was 19.2 million pounds copper and 17,513 ounces gold, down 13% and 10% respectively from the 22.0 million pounds copper and 19,540 ounces gold produced during the second quarter of 2022. Gold production of 17,513 ounces was lower than the prior period due to lower recovery and lower throughput. Recovery...

VANCOUVER, British Columbia, Aug. 31, 2022 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company” or “Imperial”) (TSX:III) is pleased to announce that further to its news release dated August 5, 2022, the Company has closed its non-brokered private placement (the “Private Placement”) of unsecured convertible debentures (the “Convertible Debentures”) with an aggregate principal amount of $47 million, up from the $45 million previously announced. Each $3.20 of the principal...

VANCOUVER, British Columbia, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company”) (TSX:III) reports financial results for the three and six months ended June 30, 2022, as summarized in this news release and discussed in detail in the Management’s Discussion & Analysis. The Company’s financial results are prepared in accordance with International Financial Reporting Standards (“IFRS”). The reporting currency of the Company is the Canadian (“CDN”) Dollar....

VANCOUVER, British Columbia, Aug. 05, 2022 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company”) (TSX:III) announces its intention to secure additional financing for the restart of the Mount Polley Mine by way of a non-brokered private placement of $45 million aggregate principal amount of convertible debentures (the “Convertible Debentures”). The Mount Polley mine is currently operating at targeted production rates. However, the restart took longer than planned due to...

VANCOUVER, British Columbia, July 20, 2022 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company”) (TSX:III) reports Red Chris metal production (100%) for the second quarter of 2022 was 22.0 million pounds copper and 19,540 ounces gold, up 65% and 62% respectively from the 13.3 million pounds copper and 12,088 ounces gold produced during the first quarter of 2022. The improved production was a result of higher throughput (2.6 million tonnes versus 2.0 million tonnes), higher head...

VANCOUVER, British Columbia, July 06, 2022 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company”) (TSX:III) is providing additional details of the Rights Offering, which expired at 2:00 p.m. (Pacific Time) Friday, June 24, 2022. To the knowledge of the Company, no person became an insider as a result of the Rights Offering. Existing insiders acquired an aggregate of 8,066,157 shares pursuant to the Basic Subscription Privilege and 2,451,001 shares pursuant to the Additional...

VANCOUVER, British Columbia, June 27, 2022 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company”) (TSX:III) is pleased to announce the completion of its previously announced rights offering (the “Rights Offering”), which expired at 2:00 p.m. (Pacific Time) Friday, June 24, 2022. The Company will issue a total of 13,475,400 common shares in the Rights Offering for gross proceeds of approximately $41.0 million. The Company will issue a total of 9,948,611 common shares under basic...

VANCOUVER, British Columbia, June 20, 2022 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the "Company") (TSX:III) would like to remind its shareholders of the upcoming deadlines and essential details of its previously announced rights offering (the “Rights Offering”) made to the holders of common shares of the Company (“Common Shares”) of record at the close of business (Pacific Time) on May 31, 2022. The rights (“Rights”) will expire at 2:00 p.m. (Pacific Time) on June 24, 2022...

VANCOUVER, British Columbia, May 26, 2022 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the "Company") (TSX:III) reports, in accordance with the policies of the Toronto Stock Exchange, that the nominees listed in the management information circular dated April 1, 2022 were elected as directors of the Company at the Annual General Meeting of Shareholders (the "Meeting"). Results of the vote for the election of directors held at the Meeting on May 25, 2022 in Vancouver, British Columbia are:...

VANCOUVER, British Columbia, May 19, 2022 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the "Company") (TSX:III) announces that it will conduct a rights offering (the "Rights Offering") to raise gross proceeds of up to approximately C$53,730,456 through the issuance of rights ("Rights") to subscribe for an aggregate of 17,674,492 common shares of the Company ("Common Shares") at a subscription price of C$3.04 per Common Share. The Rights Offering is being made to all existing shareholders in...

VANCOUVER, British Columbia, May 06, 2022 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company”) (TSX:III) reports financial results for the three months ended March 31, 2022, as summarized in this news release and discussed in detail in the Management’s Discussion & Analysis. The Company’s financial results are prepared in accordance with International Financial Reporting Standards. The reporting currency of the Company is the Canadian (“CDN”) Dollar. QUARTER HIGHLIGHTS...