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Imperial Metals Corp (III.TO)

III.TO on Toronto Stock Exchange

2.52CAD
18 Apr 2019
Change (% chg)

$-0.06 (-2.33%)
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Volume
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$3.50
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Latest Key Developments (Source: Significant Developments)

Imperial Extends Credit Facilities
Saturday, 16 Feb 2019 

Feb 15 (Reuters) - Imperial Metals Corp ::IMPERIAL EXTENDS CREDIT FACILITIES.SENIOR CREDIT FACILITY MATURITY DATE HAS BEEN EXTENDED FROM FEBRUARY 15, 2019 TO MARCH 7, 2019.SECOND LIEN CREDIT FACILITY MATURITY DATE HAS BEEN EXTENDED FROM FEBRUARY 15, 2019 TO MARCH 11, 2019.BRIDGE LOAN MATURITY DATE HAS BEEN EXTENDED FROM FEBRUARY 28, 2019 TO MARCH 13, 2019.JUNIOR CREDIT FACILITY MATURITY DATE HAS BEEN EXTENDED FROM MARCH 12, 2019 TO MARCH 15, 2019.  Full Article

Imperial's Board Establishes Special Committee for Strategic Alternatives
Monday, 17 Sep 2018 

Sept 17 (Reuters) - Imperial Metals Corp ::IMPERIAL COMMENCES FINANCIAL AND BUSINESS RESTRUCTURING PROCESS.IMPERIAL METALS CORP - EXTENSION OF DUE DATE OF COMPANY'S SECURED REVOLVING SENIOR CREDIT FACILITY OF $200 MILLION FROM OCTOBER 1, 2018 TO FEBRUARY 15, 2019.IMPERIAL METALS CORP - SECURED REVOLVING SENIOR CREDIT FACILITY IS NOW SUPPORTED BY A GUARANTEE FROM EDCO CAPITAL CORPORATION.IMPERIAL METALS CORP - BOARD OF DIRECTORS OF COMPANY HAS ALSO ESTABLISHED A SPECIAL COMMITTEE.IMPERIAL METALS - SPECIAL COMMITTEE IS AUTHORIZED TO IDENTIFY, CONSIDER, NEGOTIATE, POTENTIALLY IMPLEMENT ALL STRATEGIC ALTERNATIVES.IMPERIAL METALS CORP - HAS HAD PRELIMINARY DISCUSSIONS WITH A POTENTIAL JOINT VENTURE PARTNER.IMPERIAL METALS CORP - EXTENSION OF DUE DATE OF COMPANY'S SECOND LIEN CREDIT FACILITY OF $50 MILLION FROM DECEMBER 1, 2018 TO FEBRUARY 15, 2019.IMPERIAL METALS - STRATEGIC ALTERNATIVES INCLUDE SALES OF SOME OF CO'S ASSETS, JOINT VENTURES, A RECAPITALIZATION, AND A SALE OR MERGER OF CO.IMPERIAL METALS - STEPS TO IMPROVE OPERATIONS AT BOTH OF CO'S OPERATING MINES EXPECTED TO HAVE POSITIVE OPERATIONAL IMPACT IN Q4 OF 2018.  Full Article

Imperial Announces Normal Course Issuer Bid
Thursday, 22 Mar 2018 

March 22 (Reuters) - Imperial Metals Corp ::IMPERIAL ANNOUNCES NORMAL COURSE ISSUER BID.IMPERIAL METALS - ‍CO MAY PURCHASE UP TO 525,864 SHARES, WHICH REPRESENTS 0.45% OF TOTAL 116,858,746 SHARES OF CO ISSUED & OUTSTANDING AS OF MARCH 21​.  Full Article

Imperial Reports ‍Q4 Production Totaled 4.02 Mln Pounds Copper And 10,252 Ounces Gold At Mount Polley Mine​
Friday, 12 Jan 2018 

Jan 11 (Reuters) - Imperial Metals Corp ::IMPERIAL REPORTS 2017 PRODUCTION AND 2018 PRODUCTION TARGETS.IMPERIAL METALS CORP - ‍Q4 PRODUCTION TOTALED 23.23 MILLION POUNDS COPPER AND 13,020 OUNCES GOLD AT RED CHRIS MINE​.IMPERIAL METALS - ‍2018 PRODUCTION TARGET FOR RED CHRIS IS 72-77 MILLION POUNDS COPPER & 31,000-33,000 OUNCES GOLD​.IMPERIAL METALS CORP - 2018 PRODUCTION TARGET FOR MOUNT POLLEY IS 17-19 MILLION POUNDS COPPER AND 44-47 THOUSAND OUNCES GOLD.IMPERIAL METALS CORP - ‍Q4 PRODUCTION TOTALED 4.02 MILLION POUNDS COPPER AND 10,252 OUNCES GOLD AT MOUNT POLLEY MINE​.IMPERIAL METALS - ‍MINING IN CARIBOO PIT WILL BE COMPLETED IN MID-2018 RESULTING IN TEMPORARY REDUCTION IN MINE OPERATIONS STAFF IN 2018 & 2019​.  Full Article

Imperial Metals says rights offering to raise upto about C$42.4 mln
Tuesday, 21 Nov 2017 

Nov 20 (Reuters) - Imperial Metals Corp -:Imperial announces rights offering.To conduct rights offering to raise net proceeds of up to approximately C$42.4 million.Issues rights to subscribe for an aggregate of 19.1 million common shares of company at a subscription price of C$2.25 per common share​.  Full Article

Imperial Metals reports Q3 loss per share of C$0.02
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Imperial Metals Corp -:Imperial reports third quarter 2017 financial results.Q3 adjusted loss per share C$0.20.Q3 loss per share C$0.02.Q3 revenue fell 7 percent to C$90.2 million.Q3 earnings per share view C$-0.08 -- Thomson Reuters I/B/E/S.‍Capital expenditures were C$22.2 million in September 2017 quarter, down from C$27.5 million in 2016 comparative quarter.Sees 2017 ‍metal production between 96-102 million pounds copper and 84-92 thousand ounces gold..‍Metal production for 2017 is not expected to meet targets set in July​.  Full Article

IMPERIAL ANNOUNCES DETAILS OF FINANCING PLAN
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Imperial Metals Corp :IMPERIAL ANNOUNCES DETAILS OF FINANCING PLAN.‍IT HAS CONCLUDED ITS DISCUSSIONS WITH ITS SENIOR CREDIT FACILITY AND SECOND LIEN CREDIT FACILITY LENDERS​.SENIOR CREDIT & SECOND LIEN LENDERS AGREED TO PERMANENTLY WAIVE BREACH OF EBITDA COVENANT RELATED TO QUARTER ENDED JUNE 30.SENIOR CREDIT FACILITY AND SECOND LIEN CREDIT FACILITY​ WILL BE EXTENDED TO OCT 1, 2018 AND DEC 1, 2018 RESPECTIVELY.‍BOARD ALSO APPROVED ESTABLISHMENT OF NEW $10 MILLION UNSECURED DEBT FACILITY TO BE PROVIDED BY AN AFFILIATE OF EDWARDS​.‍APPROVED OFFERING FOR HOLDERS OF COMMON SHARES BY ISSUE OF RIGHTS ENTITLING THEM TO SUBSCRIBE FOR ABOUT $40 MILLION OF SHARES​.  Full Article

Imperial Q2 earnings per share C$0.68
Tuesday, 15 Aug 2017 

Aug 14 (Reuters) - Imperial Metals Corp :Imperial reports second quarter 2017 financial results & covenant waiver under senior credit facility.Q2 adjusted loss per share C$0.24.Q2 earnings per share C$0.68.Q2 revenue fell 8 percent to C$106.7 million.Q2 earnings per share view C$-0.17 -- Thomson Reuters I/B/E/S.  Full Article

Mount Polley Mine operations temporarily suspended
Tuesday, 18 Jul 2017 

July 17 (Reuters) - Imperial Metals Corp ::Mount polley mine operations temporarily suspended.Says ‍due to continuing forest fire situation, Cariboo regional district issued evacuation order for city of Williams Lake, surrounding areas​.Says mine is not under any immediate threat from forest fires.Says as result of evacuation order, increased restrictions on highway use in area, Mount Polley mine operations suspended on July 15.  Full Article

Imperial Metals Corp says Mount Polley mine operations impacted by forest fires
Tuesday, 11 Jul 2017 

July 10 (Reuters) - Imperial Metals Corp ::Mount Polley mine operations impacted by forest fires.Says reorganizing crews and adjusting charter flights into Dease Lake to maintain staffing levels at Red Chris mine.Forest fires in south central British Columbia impacting operations at Mount Polley mine site, located 56 km northeast of Williams Lake.Should critical supplies such as fuel not be available due to road closures, mine may be forced to suspend operations.  Full Article

PRESS DIGEST- Canada-March 11

March 11 The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.