Imperial Metals seeks to raise $45m to bridge Mount Polley restart revenue shortfall
Vancouver-headquartered Imperial Metals Corporation is seeking to secure additional funds for restart activities at its Mount Polley copper and gold mine by way of a nonbrokered private placement of $45-million in convertible debentures. The company notes that the mine is operating at targeted production rates as the restart progresses; however, the restart took longer than planned owing to difficulties in hiring operating personnel, supply chain challenges and unanticipated electrical and mechanical work.