Vancouver's Imperial Metals Corp. (TSX:III) has won an appeal in the Federal Court of Appeal that sets aside a lower court decision that challenged the environmental assessment of the Red Chris copper-gold project in northwestern B.C.
The decision reconfirmed the Federal environmental assessment of the Red Chris project, which concluded that the project was unlikely to cause significant, adverse environmental effects.
Environmental group MiningWatch Canada had previously challenged environmental approvals that Imperial Metals received in 2006. Imperial Metals share price range during the past week: between $7.88 and $8.45; 52-week high: $19.37; 52-week low: $7.82.