Imperial Metals

Imperial Reports Red Chris and Mount Polley Drilling Update

Retrieved on: 
Monday, March 25, 2024
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VANCOUVER, British Columbia, March 25, 2024 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports drill results from Red Chris since the last update on July 24, 2023 and Mount Polley.

Key Points: 
  • VANCOUVER, British Columbia, March 25, 2024 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports drill results from Red Chris since the last update on July 24, 2023 and Mount Polley.
  • There were four drills working until July when drilling was reduced to a single underground drill, drilling from stations along the exploration decline.
  • At Mount Polley a diamond drilling program of a minimum 5,000 metres drilling started on March 3rd, focusing on two goals.
  • Red Chris samples for the 2022/2023 drilling reported were analysed at Bureau Veritas Mineral Laboratories in Vancouver.

North Bay Resources Announces Exploration at Murex Copper; Targets Historic Drill Holes up to 16m @ 6.1g/t Gold and Surface Samples up to >100g/t Gold

Retrieved on: 
Wednesday, March 13, 2024
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The Company aims to further delineate the mineralized zones and begin the process of bringing the project compliant with modern exploration standards.

Key Points: 
  • The Company aims to further delineate the mineralized zones and begin the process of bringing the project compliant with modern exploration standards.
  • Extensive historical exploration by Standard Oil in the 1970’s and Noranda (Glencore), in the 1980’s, has provided a wealth of detailed data and information.
  • Large intersections of gold in drill core up to 16m @ 6.1g/t gold have also been identified.
  • In addition, historical surface samples from these zones are provided below showing significant gold and copper assays over large areas.

Imperial Provides Red Chris Update

Retrieved on: 
Thursday, February 22, 2024
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VANCOUVER, British Columbia, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial”) (TSX:III) reports that Newmont Corporation (Newmont) has updated its mineral reserves and resources estimates for the Red Chris project.

Key Points: 
  • VANCOUVER, British Columbia, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial”) (TSX:III) reports that Newmont Corporation (Newmont) has updated its mineral reserves and resources estimates for the Red Chris project.
  • When the East Ridge drill results, and associated technical study has been completed, Imperial expects the Red Chris mineral resource to increase.
  • Imperial will update its mineral reserve and resource statement for Red Chris at the time that study is issued.
  • Newmont’s guidance for Red Chris mine production (100%) for 2024 is 85 million pounds of copper and 57 thousand ounces of gold.

Imperial Reports Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 7, 2023
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VANCOUVER, British Columbia, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports financial results for the three and nine months ended September 30, 2023, as summarized in this news release and discussed in detail in the Management’s Discussion & Analysis.

Key Points: 
  • VANCOUVER, British Columbia, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports financial results for the three and nine months ended September 30, 2023, as summarized in this news release and discussed in detail in the Management’s Discussion & Analysis.
  • Total revenue was $78.5 million in the September 2023 quarter compared to $41.7 million in the 2022 comparative quarter.
  • The London Metals Exchange cash settlement copper price per pound averaged US$3.79 in the September 2023 quarter compared to US$3.51 in the 2022 comparative quarter.
  • In CDN Dollar terms the average copper price in the September 2023 quarter was CDN$5.08 per pound compared to CDN$4.59 per pound in the 2022 comparative quarter, and the average gold price in the September 2023 quarter was CDN$2,587 per ounce compared to CDN$2,258 per ounce in the 2022 comparative quarter.

Universal Copper Receives Poplar Exploration Permit for a Further Five Years

Retrieved on: 
Monday, November 6, 2023
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Vancouver, British Columbia, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Universal Copper Ltd. ("Universal Copper" or the "Company") (TSX Venture: UNV) (Frankfurt: 3TA2) is pleased to announce the five-year renewal of its existing exploration permit on the Company’s flagship Poplar Copper Project ("Poplar"), located southwest of Houston, British Columbia.

Key Points: 
  • Vancouver, British Columbia, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Universal Copper Ltd. ("Universal Copper" or the "Company") (TSX Venture: UNV) (Frankfurt: 3TA2) is pleased to announce the five-year renewal of its existing exploration permit on the Company’s flagship Poplar Copper Project ("Poplar"), located southwest of Houston, British Columbia.
  • The Company added a further 80 drill sites within its current permit area, focused on the Poplar deposit.
  • Clive Massey Universal Copper’s CEO and President commented, "We are delighted to have secured the 5-year renewal of the Poplar exploration permit.
  • Our confidence in the strength of copper prices, driven by market demand, further bolsters our commitment to this endeavor."

Imperial Drilling Intersects 162.5 Metres Grading 0.33% Copper and 1.64 g/t Silver at Whiting Creek

Retrieved on: 
Wednesday, November 1, 2023
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The drill results include an intercept of 162.5 metres grading 0.33% copper and 1.64 g/t silver in hole CW-23-3B.

Key Points: 
  • The drill results include an intercept of 162.5 metres grading 0.33% copper and 1.64 g/t silver in hole CW-23-3B.
  • The first four holes CW-23-01, CW-23-02, CW-23-03B, and CW-23-04 tested Creek Zone West located about 450 metres west of Creek Zone.
  • The fifth hole, CW-23-05, was drilled about 75 metres west of the Creek Zone drill hole WC2016-02 and intersected Whiting Creek intrusive for the entire length of the hole.
  • While historic drill holes in the Creek Zone intersected copper and molybdenum within the Whiting Creek Stock, intercepts from 2023 drilling confirm that the surrounding altered volcanics can host significant copper, molybdenum and silver mineralization.

Imperial Reports Production Update for 2023 Third Quarter

Retrieved on: 
Tuesday, October 17, 2023
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VANCOUVER, British Columbia, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports quarterly copper and gold production from Mount Polley and Red Chris mines.

Key Points: 
  • VANCOUVER, British Columbia, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports quarterly copper and gold production from Mount Polley and Red Chris mines.
  • Imperial’s production for the third quarter was 12,182,493 pounds copper and 14,335 ounces gold, of which 8,056,570 pounds copper and 11,321 ounces gold were produced at Mount Polley and 4,125,923 pounds copper and 3,014 ounces gold from Imperial’s 30% share of Red Chris mine production.
  • Copper production for the quarter was up 9%, largely from increased production at Mount Polley while gold production was virtually the same compared to the previous quarter with increased production at Mount Polley offsetting lower gold production at Red Chris.
  • Red Chris copper and gold production (100%) for the quarter was 13,753,075 pounds copper and 10,048 ounces gold, compared to 13,729,195 pounds copper and 13,680 ounces gold in the previous quarter.

Imperial Drilling Intersects 52.6 Metres Grading 0.45% Copper and 1.29 g/t Silver at Whiting Creek

Retrieved on: 
Tuesday, September 19, 2023
Quartz, Telkwa Formation, Huckleberry, Chicago Metallic Corporation, Creek, Imperial, Molybdenum, Copper, Imperial Metals, Fracture, TSX, Bulkeley (surname), Granite, Rare-earth element, White Creek (Chattahoochee River tributary)

The drill results include an intercept of 52.6 metres grading 0.45% copper and 1.29 g/t silver starting from the top of bedrock at a depth of 67.4 metres.

Key Points: 
  • The drill results include an intercept of 52.6 metres grading 0.45% copper and 1.29 g/t silver starting from the top of bedrock at a depth of 67.4 metres.
  • Numerous drill targets were identified and in July and August of 2023, Imperial completed 2,031 metres of diamond drilling on the Whiting Creek prospect.
  • This year’s drilling targeted an underexplored area called Creek Zone West located 450 metres west of Creek Zone drill hole WC2016-02, which intersected 222.5 metres at 0.309% copper, 0.017% molybdenum and 1.18 g/t silver in 2016.
  • The hole intersected 316.8 metres grading 0.23% copper, 0.008% molybdenum and 0.89 g/t silver from 67.4 metres, including 52.6 metres grading 0.45% copper 0.006% molybdenum and 1.29 g/t silver starting from the top of bedrock at a depth of 67.4 metres to 120 metres and 37.5 metres of 0.32% copper, 0.005% molybdenum and 1.72 g/t silver from 320.0 metres to 357.5 metres.

Imperial Announces Closing of $16.8 Million Private Placement

Retrieved on: 
Thursday, August 31, 2023
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VANCOUVER, British Columbia, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company” or “Imperial”) (TSX:III) is pleased to announce that it has closed its previously announced non-brokered private placement of 7,000,000 common shares of the Company (“Shares”) at a price of $2.40 per Share for gross proceeds of $16,800,000 (collectively, the “Private Placement”).

Key Points: 
  • VANCOUVER, British Columbia, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company” or “Imperial”) (TSX:III) is pleased to announce that it has closed its previously announced non-brokered private placement of 7,000,000 common shares of the Company (“Shares”) at a price of $2.40 per Share for gross proceeds of $16,800,000 (collectively, the “Private Placement”).
  • N. Murray Edwards purchased 3,500,000 Shares for an aggregate of $8.4 million and directors and officers of the Company purchased 753,000 Shares for an aggregate of $1.8 million.
  • The participation of Mr. Edwards and the directors and officers of the Company (collectively, the "Interested Parties") accounted for 60.8% of the proceeds from the Private Placement.
  • A 2% cash finder’s fee is payable on a portion of the Private Placement to certain parties other than Interested Parties.

Imperial Announces $16.8 Million Private Placement

Retrieved on: 
Tuesday, August 15, 2023
Minority, MI, Private, Toronto Stock Exchange, Kloeckner Metals Corporation, Sale, Private placement, Imperial Metals, TSX, Multilateral, Regulation, Security (finance)

VANCOUVER, British Columbia, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company” or “Imperial”) (TSX:III) is pleased to announce a non-brokered private placement of up to 7,000,000 common shares of the Company (“Shares”) at a price of $2.40 per Share for gross proceeds of up to $16,800,000 (collectively, the “Private Placement”).

Key Points: 
  • VANCOUVER, British Columbia, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company” or “Imperial”) (TSX:III) is pleased to announce a non-brokered private placement of up to 7,000,000 common shares of the Company (“Shares”) at a price of $2.40 per Share for gross proceeds of up to $16,800,000 (collectively, the “Private Placement”).
  • The proceeds from the Private Placement are intended to be used to fund the operation and development at the Company’s Red Chris mine and for general working capital purposes.
  • N. Murray Edwards has agreed to purchase up to $8.40 million (up to 3,500,000 Shares) and directors and officers of the Company have agreed to purchase up to $1.10 million (up to 458,000 Shares).
  • The securities being offered under the Private Placement have not been, nor will they be registered under the United States Securities Act of 1933, as amended (the “U.S.