- Imperial Metals (OTCPK:IPMLF +15.6%), the company behind last week's major spill of mine waste in western Canada, is raising C$100M in debt to cover cleanup costs and finish building its newest mine.
- The tailings dam burst at Imperial's Mount Polley copper and gold mine in British Columbia, an accident analysts say could cost anywhere between C$50M and C$500M to clean up.
- Whatever the costs, Imperial says it believes they can be managed over time, given the underlying value of the company's assets and by the resources provided by the additional financing.