en.Wedoany.com Reported - Imperial Metals announced that the Canadian federal government has committed CAD 500 million to support the Red Chris block cave mine project under the Canada-British Columbia Cooperation Prosperity Agreement. As the Red Chris joint venture advances to the final investment decision stage, this commitment strengthens the project's business case, supporting the development of the proposed block cave copper-gold mine.

Imperial Metals' joint venture partner, Newmont Corporation, is completing the final feasibility study for the project. The Red Chris block cave mine is expected to create over 1,800 jobs during construction and sustain approximately 1,500 jobs at peak operations. The project plans to extend the existing Red Chris mine's service life by approximately 14 years and lay the foundation for decades of future mining, providing a significant opportunity to create long-term value for Imperial Metals shareholders, strengthen critical mineral supply chains, and deliver long-term benefits to local communities, Indigenous partners, British Columbia, and Canada.

Imperial Metals is a Vancouver-based exploration, mine development, and operating company with interests in the Mount Polley mine (100%), Huckleberry mine (100%), and Red Chris mine (30%), as well as a portfolio of 23 greenfield exploration projects in British Columbia.