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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].
Imperial Announces Normal Course Issuer Bid
Globenewswire· 2025-05-23 21:26
Core Viewpoint - Imperial Metals Corporation has announced its intention to initiate a Normal Course Issuer Bid to repurchase up to 814,089 common shares, representing 0.5% of its total outstanding shares, as part of its strategy to manage capital and fulfill obligations under its share plans [1][2]. Group 1: Bid Details - The company plans to commence the share repurchase on May 28, 2025, and it will conclude no later than May 27, 2026 [2]. - Daily purchases will be limited to 12,792 common shares or 25% of the average daily trading volume of 51,168 common shares on the TSX [2]. - The shares repurchased will be allocated to satisfy obligations under the Non-Management Directors' Plan and Amended and Restated Share Purchase Plan [2]. Group 2: Historical Context - In the past 12 months, the company repurchased 217,504 common shares at a volume-weighted average price of $2.37 [2]. - The maximum number of shares approved for repurchase in the previous bid was 809,357 [2]. Group 3: Company Overview - Imperial Metals is based in Vancouver and is involved in exploration, mine development, and operations, with ownership of the Mount Polley mine, Huckleberry mine, and a 30% stake in the Red Chris mine [3]. - The company also holds a portfolio of 23 greenfield exploration properties in British Columbia [3].
Imperial Announces Voting Results for the Election of Directors
Globenewswire· 2025-05-22 23:08
Group 1 - Imperial Metals Corporation held its virtual Annual and Special Meeting of Shareholders on May 21, 2025, where nominees listed in the management information circular dated April 4, 2025, were elected as directors [1] - A total of 116,456,204 common shares were voted, representing approximately 71.86% of the issued and outstanding common shares of the Company [2] - The election results showed high approval rates for the directors, with Carolyn D. Anglin receiving 99.97% of votes for, and J. Brian Kynoch receiving 99.99% [2] Group 2 - Imperial 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%) [3] - The Company also has a portfolio of 23 greenfield exploration properties located in British Columbia [3]
Imperial Reports Mount Polley Operations and Construction Activities Continue
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].