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Imperial Reports Mount Polley Operations and Construction Activities Continue
IIIInformation Services Group(III) GlobeNewswire·2025-05-09 22:55

Core Viewpoint - Imperial Metals Corporation confirms that no injunction has been granted regarding the construction and operation of the tailings storage facility at the Mount Polley mine, allowing normal operations to continue [1][3]. Group 1: Legal Proceedings - An application for an interim injunction was heard on May 8, 2025, by Mr. Justice Weatherill of the Supreme Court of British Columbia, concerning the approval of a four-metre raise of the tailings storage facility by Xatśūll First Nation [2]. - The court has adjourned the application until June 24, 2025, when both the underlying petition and the injunction will be decided [2]. - Mount Polley Mining Corporation, a wholly-owned subsidiary of Imperial, stated that it does not expect to utilize the four-metre raise until at least July 1, 2025, and has agreed to provide an undertaking to the court regarding this timeline [2]. Group 2: Company Overview - Imperial Metals Corporation is based in Vancouver and is involved in exploration, mine development, and operations, with holdings including the Mount Polley mine (100%), Huckleberry mine (100%), and Red Chris mine (30%) [4]. - The company also holds a portfolio of 23 greenfield exploration properties in British Columbia [4].