VANCOUVER, British Columbia, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Imperial”) (TSX:III) reports that an agreement has been reached with the Province of British Columbia (“Province”) for the surrender of Imperial’s Giant Copper mineral claims located 37km east of Hope, BC, Canada. The claim area hosts two mineral deposits containing copper, silver and gold and a recently discovered gold showing. In 1995, following a public review process, the Province designated almost 30,000 hectares as the Skagit Valley Provincial Park, while allowing mineral exploration in the 2,500 hectare claim area. The decision to now surrender all remaining claims recognizes the challenges of obtaining mineral exploration and development permits in this area. Accordingly, readers should not place undue reliance on forward-looking statements and all forward-looking statements in this news release are qualified by these cautionary statements.

Source: New York Times January 19, 2022 22:05 UTC