02:13 PM EDT, 06/30/2025 (MT Newswires) -- Imperial Metals ( IPMLF ) on Monday said the Supreme Court of British Columbia reserved judgment on the judicial review petition and injunction application filed by the Xatuull First Nation challenging two provincial decisions that authorized a four-meter raise of the tailings storage facility embankment at the Mount Polley mine.

The court is expected to issue its reasons on August 6.

Construction of the four-meter raise can continue as planned. Mount Polley Mining provided a voluntary undertaking to refrain from depositing tailings that rely on the TSF Raise until August 7, to allow the court time to consider the matter.

"We appreciate the Court taking its time to carefully consider this matter and await its decision on the interlocutory injunction application and petition. We are committed to working collaboratively with Xatuull and other Indigenous communities to address their concerns," said Brian Kynoch, President of Imperial. "Our goal is to ensure that all operations at Mount Polley mine are conducted in an environmentally responsible manner that respects the rights of Indigenous peoples."

Imperial Metals ( IPMLF ) was last seen up $0.01 to $4.88 on the Toronto Stock Exchange.

Price: 4.88, Change: +0.01, Percent Change: +0.21