Imperial Announces Suspension of Operations at Mount Polley Mine
imperialmetals.com
News Release
Imperial Announces Suspension of Operations at Mount Polley Mine
Vancouver | January 7, 2019 | Imperial Metals Corporation (the “Company”) (TSX:III) reports that due to declining copper
prices, operations at the Mount Polley mine will be suspended. The suspension plan includes milling of low grade stockpiles
which is targeted to extend operations to the end of May 2019. There will be no impact to the mine’s ongoing environmental
monitoring and remediation program. Full operations will resume once the economics of mining at Mount Polley improve.
Mount Polley mine is located in south-central British Columbia, 56 kilometres northeast of Williams Lake. The Mount Polley
mine is owned and operated by Mount Polley Mining Corporation, a subsidiary of the Company.
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About Imperial
Imperial is a Vancouver exploration, mine development and operating company. The Company, through its subsidiaries, owns
the Red Chris, Mount Polley and Huckleberry copper mines in British Columbia. Imperial also holds a 50% interest in the Ruddock
Creek lead/zinc property.
Company Contacts
Brian Kynoch | President | 604.669.8959
Andre Deepwell | Chief Financial Officer | 604.488.2666
Sabine Goetz | Shareholder Communications | 604.488.2657 | [email protected]
Cautionary Note Regarding Forward-Looking Statements
Forward-looking stateme nts relate to future events or future pe rformance and reflect Company management's expectations or beli efs
regarding future events and include, but are not limited to, specific statements regarding the planned suspension of operations pending an
improvement in the economics of mining at Mount Polley, the ant icipated extension of such operations to the end of May 2019 th rough
measures such as the milling of low grade stockpiles, and the continuation of the mine’s ongoing environmental monitoring and remediation
program. By their very nature forward-looking statements involv e known and unknown risks, uncertainties and other factors whic h may
cause the actual results, perform ance or achievements of the Co mpany to be materially different from any future results, perfo rmance or
achievements expressed or implied by the forward-looking statements. Such factors include, among others, risk factors detailed from time
to time in the Company's management's discussion and analysis o f the interim and annual financial reports, all of which are fi led and
available for review on sedar.com. Although the Company has attemp ted to identify important fact ors that could cause actual actions,
events or results to differ materi ally from those described in forward-looking statements, there may be other factors that cau se actions,
events or results not to be as anticipated, estimated or intend ed. There can be no assurance that forward-looking statements w ill prove to
be accurate, as actual results and future events could differ m aterially from those anticipated in such statements. Accordingl y, readers
should not place undue reliance on forward-looking statements.