Imperial to Surrender Giant Copper Property to the Province of British Columbia
Retrieved on:
Wednesday, January 19, 2022
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VANCOUVER, British Columbia, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the Imperial) (TSX:III) reports that an agreement has been reached with the Province of British Columbia (Province) for the surrender of Imperials Giant Copper mineral claims located 37km east of Hope, BC, Canada.
Key Points:
- VANCOUVER, British Columbia, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the Imperial) (TSX:III) reports that an agreement has been reached with the Province of British Columbia (Province) for the surrender of Imperials Giant Copper mineral claims located 37km east of Hope, BC, Canada.
- The decision to now surrender all remaining claims recognizes the challenges of obtaining mineral exploration and development permits in this area.
- The consideration payable to Imperial for the surrender, covering all prior investment in the Giant Copper claim area, is C$24 million.
- Imperial also holds a portfolio of 23 greenfield exploration properties in British Columbia.