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Judicial Review Petition Dismissed, Mount Polley to Continue Constructing TSF Raise
Globenewswire· 2025-08-06 19:55
Core Viewpoint - The Supreme Court of British Columbia dismissed the Xatśūll First Nation's application for an injunction and judicial review regarding the construction of a tailings storage facility lift at the Mount Polley Mine, affirming the reasonableness of provincial approvals and adequate consultation with the Xatśūll [1][2]. Group 1: Court Decision and Implications - The Court found that the decisions made by provincial authorities regarding the TSF lift were reasonable and fairly executed, with sufficient consultation with the Xatśūll [2]. - The dismissal of the petition provides certainty for the region and local businesses, as stated by the Chief of the Williams Lake First Nation, highlighting the mine's importance to the regional economy [5]. Group 2: Company Commitment and Operations - The company emphasizes its commitment to transparent engagement with Indigenous communities and environmental responsibility, maintaining a meaningful relationship with both the Xatśūll and Williams Lake First Nation [3]. - Mount Polley Mine employs over 390 individuals, serving as a significant economic driver in the region [3]. Group 3: Future Operations and Permitting - Although the mine can proceed with the TSF construction, it may face operational challenges if the pending Mines permit amendment is not expedited, potentially leading to significant revisions in operational plans or cessation of operations [4]. - The company acknowledges the challenges in project advancement in British Columbia, emphasizing the need for timely permit approvals to reduce risks and uncertainties for operators and their workforce [5]. Group 4: Company Overview - Imperial Metals Corporation is based in Vancouver and operates the Mount Polley mine (100%), Huckleberry mine (100%), and holds a 30% interest in the Red Chris mine, along with 23 greenfield exploration properties in British Columbia [6].
Imperial Reports the Safe Return of Workers to Surface at Red Chris Mine
Globenewswire· 2025-07-25 17:43
Incident Overview - A fall of ground incident occurred at the Red Chris mine, isolating three workers underground [1] - The mine operator, Newmont, reported that the workers were safely brought to the surface after approximately two days [1][2] Worker Safety and Health - All three workers, Kevin Coumbs, Darien Maduke, and Jesse Chubaty, were found to be in good health and spirits after the incident [2] - They had consistent access to food, water, and ventilation while in a refuge chamber [2] Rescue Efforts - The rescue operation involved around-the-clock efforts, with a specialized scoop clearing the fallen debris from the access tunnel [3] - The Emergency Response Team utilized equipment with a Falling Object Protective System to ensure safety during the rescue [3][4] - The workers were returned to the surface in stable condition, highlighting the collaboration and technical expertise of the rescue teams [4] Company Background - Imperial Metals Corporation is based in Vancouver and has a 30% ownership stake in the Red Chris mine, along with full ownership of the Mount Polley and Huckleberry mines [5] - The company also holds a portfolio of 23 exploration properties in British Columbia [5]
Imperial Provides Update on Fall of Ground Incident and Reports Production for 2025 Second Quarter at Red Chris Mine
Globenewswire· 2025-07-25 00:15
Core Viewpoint - Imperial Metals Corporation provides an update on incidents at the Red Chris mine, highlighting ongoing rescue efforts and production performance [1][4]. Group 1: Incident Update - Two fall of ground incidents occurred at the Red Chris mine, which is 30% owned by Imperial [1]. - Mine operator Newmont has deployed specialized drones to assess the underground geotechnical conditions, with debris estimated to be 20 to 30 metres long and 7 to 8 metres high [2]. - A remote-controlled scoop from the Brucejack mine is being used to remove debris and restore access, while efforts are underway to re-establish communication with workers [3][4]. - Workers are sheltering in a MineARC refuge chamber designed for 16 people, with additional chambers available nearby [4]. Group 2: Production Performance - For Q2 2025, Red Chris mine produced 23.479 million pounds of copper and 22,624 ounces of gold, compared to 20.731 million pounds of copper and 12,531 ounces of gold in Q2 2024 [5]. - Copper production increased by 13% year-over-year due to a 17% rise in copper grade (0.547% vs 0.466%), despite a slight decrease in throughput [6]. - Gold production surged by 81% year-over-year, attributed to higher gold grades and better recovery, offset by slightly lower throughput [6]. - For the first half of 2025, copper production rose by 25% and gold production increased by 101% compared to the same period in 2024 [7]. Group 3: Development Activities - The Red Chris Block Cave Feasibility Study is progressing, along with permitting activities and early-stage underground development work [8]. - As of June 30, 2025, approximately 11,727 metres of development have been completed on both the Nagha and conveyor declines [8].
Imperial Reports Fall of Ground Incident at Red Chris Mine
Globenewswire· 2025-07-24 01:58
Core Points - Imperial Metals Corporation reported two fall of ground incidents at the Red Chris Mine in British Columbia on July 22, 2025, where the company holds a 30% interest [1] - Three contractor employees were working beyond the affected zone and were safely relocated to a refuge station equipped with food, water, and ventilation [2] - Communication was restricted after the second incident, prompting a standdown of operations at Red Chris [3] - Emergency response protocols were activated, and Newmont, the mine operator, is assessing methods to restore communication and safely bring the workers to the surface [4] Company Overview - Imperial Metals is based in Vancouver and operates the Mount Polley mine (100%), Huckleberry mine (100%), and holds a 30% interest in the Red Chris mine, along with 23 exploration properties in British Columbia [5]
Information Services Group: The Signs Are Trending Upwards
Seeking Alpha· 2025-07-16 13:31
I'd say that ISG, Information Services Group, Inc. (NASDAQ: III ) is in an interesting phase right now. Margins are growing, we have recurring revenue on the rise, and there's a lot of promise within the AI-assisted advisory market. At the same time, though, theI’m Emmanuel Onwusah—a financial analyst, writer, and recovering engineer. I hold FMVA® and BIDA® certifications from the Corporate Finance Institute, and I spend most of my time creating pitch decks, building models, analyzing companies, and trying ...
Imperial to Redeem Senior Unsecured Convertible Debentures due August 30, 2027
Globenewswire· 2025-07-14 23:34
Core Points - Imperial Metals Corporation intends to redeem all outstanding $47,000,000 principal amount of Senior Unsecured Convertible Debentures on August 18, 2025 [1][2] - The redemption will occur at 100% of the principal amount, along with accrued and unpaid interest up to the redemption date [2] - Holders of the Debentures can convert their Debentures into common shares at a conversion price of $3.20 per share until five business days prior to the redemption date [3] Company Overview - Imperial Metals is based in Vancouver and is involved in exploration, mine development, and operations [4] - The company owns 100% of the Mount Polley and Huckleberry mines, and 30% of the Red Chris mine [4] - Imperial also holds a portfolio of 23 greenfield exploration properties in British Columbia [4]
Information Services Group: The Growth Doesn't Match The Hype
Seeking Alpha· 2025-07-14 19:01
Core Viewpoint - Information Services Group, Inc. (NASDAQ: III) is recommended as a Hold for long-term investors despite its management promoting the company as an AI-centric investment opportunity [1] Company Analysis - ISG's management has positioned the company as focused on artificial intelligence, which may attract investor interest [1] Investment Recommendation - The recommendation for a Hold rating suggests a cautious approach for long-term investors, indicating that while there may be potential, current conditions do not warrant a buy or sell [1]
Information Services Group, Inc. (III) Q2 2025 ISG Global Index Call Transcript
Seeking Alpha· 2025-07-10 16:53
Core Insights - The ISG Global Index Call provides insights into the IT and business services industry, influencing approximately $200 billion in technology spending annually [2][4]. - The index measures the health and growth of the technology industry, focusing on managed technology services and cloud-based software and infrastructure services [4]. Company Overview - Information Services Group, Inc. (ISG) has been hosting index calls for over 20 years, showcasing its expertise in the industry [2]. - The current call marks the 91st consecutive ISG Index Call, indicating the company's long-standing presence and commitment to industry analysis [4]. Industry Analysis - The index tracks and analyzes annual contract value (ACV) as a leading indicator of revenue trends within the technology sector [4].
Imperial Reports Mount Polley Production Update for 2025 Second Quarter
Globenewswire· 2025-07-09 21:22
Production Overview - Imperial Metals Corporation reported quarterly production from the Mount Polley mine, achieving 9.496 million pounds of copper and 11,061 ounces of gold in Q2 2025, an increase from 9.281 million pounds of copper and 10,009 ounces of gold in Q2 2024 [1][2] - Mill throughput increased by 2.6% in Q2 2025, with 1.759 million tonnes treated compared to 1.714 million tonnes in Q2 2024, contributing to higher copper and gold production [3] Year-to-Date Performance - For the first half of 2025, copper production rose by 10.6% and gold production increased by 8.3% compared to the same period in 2024, driven by improvements in throughput, grades, and recoveries [4] Detailed Production Metrics - In Q2 2025, the ore milled was 1,759,093 tonnes, with a daily milling rate of 19,331 tonnes. The copper grade was 0.295%, and the gold grade was 0.286 g/t. Copper recovery was 83.0%, while gold recovery was 68.4% [5] - For the first six months of 2025, the total ore milled was 3,480,862 tonnes, with a copper grade of 0.288% and a gold grade of 0.280 g/t. The copper recovery was 83.2%, and the gold recovery was 69.1% [5] Mining Operations - Mining activities continued in the lower Springer Pit in Phase 4, with ongoing stripping for Phase 5 pushback on the east wall of the pit during the quarter [5] Company Profile - Imperial Metals Corporation is based in Vancouver and operates the Mount Polley mine (100% ownership), the Huckleberry mine (100% ownership), and holds a 30% interest in the Red Chris mine, along with a portfolio of 23 exploration properties in British Columbia [7]
Court Reserves Judgement on both Judicial Review Petition and Injunction Application Relating to Mount Polley Tailings Storage Facility
Globenewswire· 2025-06-30 17:20
Core Viewpoint - The Supreme Court of British Columbia has reserved judgment on the judicial review petition and injunction application filed by the Xatśūll First Nation regarding the tailings storage facility embankment raise at the Mount Polley mine, with a decision expected on August 6, 2025 [1][2]. Group 1: Legal Proceedings - The petition and injunction were heard from June 24-27, 2025, with arguments presented by Mount Polley Mining Corporation (MPMC) and the Province of British Columbia asserting the validity of the decisions made [3]. - MPMC is allowed to continue construction of the four-metre raise as planned, while operations at the mine proceed under existing permits [2]. Group 2: Company Commitment - The company emphasizes its commitment to transparent engagement with Indigenous communities and environmental responsibility, particularly with the Xatśūll and Williams Lake First Nation [4]. - The President of Imperial stated the importance of addressing Indigenous concerns and ensuring environmentally responsible operations at the Mount Polley mine [5]. Group 3: Company Overview - Imperial Metals Corporation is based in Vancouver and operates the Mount Polley mine (100% ownership), the Huckleberry mine (100% ownership), and the Red Chris mine (30% ownership), along with 23 greenfield exploration properties in British Columbia [6].