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Enter Symbol
or Name
USA
CA



Imperial Metals Corp (2)
Symbol C : III
Shares Issued 74,946,268
Close 2014-08-01 C$ 16.80
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Imperial Metals puts Mount Polley on care, maintenance

2014-08-05 09:41 ET - News Release

Mr. Brian Kynoch reports

IMPERIAL UPDATE ON TAILINGS STORAGE FACILITY BREACH AT MOUNT POLLEY MINE

The tailings dam breach that caused a water and tailings discharge at Imperial Metals Corp.'s Mount Polley mine early Monday morning has stabilized.

The company's first priority is the health and safety of its employees and neighbours, and it is relieved no loss of life or injury have been reported. The company is deeply concerned, and is working to mitigate immediate effects and understand the cause.

Exact quantities of water and tailings discharged have yet to be determined. The tailings are alkaline with an average pH of 8.5 and are not acid generating.

The cause of the breach is unknown at this time. The dam is an independently engineered structure that operated within design limits and specifications. Monitoring instruments and on-site personnel had no indication of an impending breach.

The Mount Polley mine has been placed on care and maintenance, and business interruption and physical damage insurers have been notified. While the damaged area is relatively small compared with the overall size of the dam, it is not known at this time how long it will take to restore operations.

The company is working closely with provincial ministries, local agencies and emergency response officials. Further updates will be provided as more information becomes available.

We seek Safe Harbor.

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