Imperial Metals Corporation reported Red Chris metal production (100%) for the first quarter of 2021 was 15.9 million pounds copper and 15,850 ounces gold, compared to 17.2 million pounds copper and 16,251 ounces gold produced during the fourth quarter of 2020. In February, a major power outage during an extreme winter weather event caused some mill infrastructure to freeze. The freezing conditions resulted in damage to a regrind mill and adversely impacted recovery during the period. Imperial’s 30% portion of the first quarter production was 4.8 million pounds copper and 4,755 ounces gold. The Red Chris Mineral Resource update, which was released on March 30, 2021, is a key input into the Pre-Feasibility Study (“PFS”) being prepared on the development of a high margin underground block cave mine at Red Chris. The PFS is scheduled to be released by the end of September 2021. It is expected that an ore reserve estimate, that for the first time will include a block cave operation at Red Chris, will be released within the same timeframe as the PFS. The construction of the portal site and surface infrastructure for the exploration decline into the East Zone is progressing well and an underground contractor has been selected and is mobilizing to the site.