Business & Investment

Red Chris NI43-101 Technical Report Submitted

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Vancouver, British Columbia, November 29, 2021 (GLOBE NEWSWIRE) — Imperial Metals Corporation (“Company”) (TSX: III) reports that RedChris’s NI43-101 Technical Report was submitted by Newcrest Mining Limited. A copy of the report is available at imperialmetals.com and the Canadian Securities Manager’s Electronic Document Analysis and Search System (SEDAR).

The technical report is produced in accordance with the National Instruction 43-101 – Canadian Securities Administrators Mining Project Disclosure Standards (NI 43-101) and the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards. May 2014 Mineral Resources and Reserves for Submission to SEDAR (CIM Definition Criteria).

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Estimates of mineral resources and mineral reserves in the technical report are produced using accepted industry practices under the direction of qualified personnel as defined in NI 43-101.

Mineral resources and mineral reserves were initially classified using the 2012 edition of the Australasia Joint Ore Reserves Commission Code (JORC Code). The trust categories assigned based on the JORC code have been adjusted to the trust categories of the CIM definition standard. The trust category definition was the same, so there was no need to change the trust category. Please note that NI 43-101 does not allow the addition of estimated mineral resources to other mineral resource categories.

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Mineral resources and reserves in the technical report are reported in accordance with CIM definition standards. The difference in term is that the term “ore reserves” in the JORC code is reported as “mineral reserves” using the CIM definition criteria, and the term “proven ore reserves” in the JORC code is the CIM definition standard.

About Imperial

Imperial is a Vancouver-based exploration, mining development and operating company. Through its subsidiaries, we own a 30% stake in the Red Chris Mine and a 100% stake in both the Mount Pauly Copper Mine and the Huckleberry Copper Mine in British Columbia.

Company contact information

Brian Kinock | President | 604.669.8959
Derve Dillon | CFO | 604.488.2658
Jim Miller-Tate | Vice President for Exploration | 604.488.2676

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Precautions regarding forward-looking statements

The specific information contained in this news release is not a statement of historical facts, but a statement of “future prospects”. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of the company’s management regarding future events.

In some cases, forward-looking statements are “planning,” “expecting,” “not expecting,” “expected,” “forecast,” “budget,” “planning,” “estimate,” and “forecasting.” , “Intention”, “Expectation”, “Unexpected”, “Believe”, or a specific action, event, result is “possible”, “possible”, “do”, “possible” , “Take”, “occur”, “achieved”, or the denial of these or equivalent terms. Forward-looking statements, by their nature, involve known and unknown risks, uncertainties, and other factors that represent our actual results, performance, or performance in terms of future results, performance, or performance. Or it can be very different from what is implied. The statement you are looking for.

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In our forward-looking statements for this release, we have applied the information currently available to us, as well as certain factors and assumptions based on our current beliefs and assumptions. These factors and assumptions and beliefs and assumptions include risk factors as detailed from time to time in our interim and annual financial statements, as well as discussions and analysis by management of those financial statements, all of which are www. Submitted to SEDAR in .sedar for review. .com. We have sought to identify significant factors that may cause actual actions, events or outcomes to differ materially from those described in our forward-looking statements, but the actions, events or outcomes are expected, estimated, or results. It is intended and many are beyond our ability to manage or predict. Actual results and future events may differ materially from those expected in such statements, so there is no guarantee that forward-looking statements will be proven to be accurate. Therefore, the reader should not be overly reliant on forward-looking statements, and all forward-looking statements in this news release are subject to these notes. Such information is provided only as of the date of this news release. We undertake no obligation to update any forward-looking information to reflect new information, subsequent events, etc., except as required by law.

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Red Chris NI43-101 Technical Report Submitted

https://financialpost.com/globe-newswire/red-chris-ni-43-101-technical-report-filed Red Chris NI43-101 Technical Report Submitted

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