Imperial Metals Corp.

Imperial Metals is providing additional details of the Rights Offering, which expired at 2:00 p.m. Friday, June 24, 2022. To the knowledge of the Company, no person became an insider as a result of the Rights Offering. Existing insiders acquired an aggregate of 8,066,157 shares pursuant to the Basic Subscription Privilege and 2,451,001 shares pursuant to the Additional Subscription Privilege.

Imperial Metals is pleased to announce the completion of its previously announced rights offering, which expired at 2:00 p.m. Friday, June 24, 2022. The Company will issue a total of 13,475,400 common shares in the Rights Offering for gross proceeds of approximately $41.0 million. The Company will issue a total of 9,948,611 common shares under basic subscription privileges in the Rights Offering and a total of 3,526,789 [...]

Imperial Metals would like to remind its shareholders of the upcoming deadlines and essential details of its previously announced rights offering made to the holders of common shares of the Company of record at the close of business on May 31, 2022. The rights will expire at 2:00 p.m. (Pacific Time) on June 24, 2022, after which time unexercised rights will be void and of no value.

Imperial Metals reports, in accordance with the policies of the Toronto Stock Exchange, that the nominees listed in the management information circular dated April 1, 2022 were elected as directors of the Company at the Annual General Meeting of Shareholders. Results of the vote for the election of directors held at the Meeting on May 25, 2022 in Vancouver, British Columbia are:

Imperial Metals announces that it will conduct a rights offering to raise gross proceeds of up to approximately C$53,730,456 through the issuance of rights to subscribe for an aggregate of 17,674,492 common shares of the Company at a subscription price of C$3.04 per Common Share. The Rights Offering is being made to all existing shareholders in eligible jurisdictions, as disclosed in the Company's rights offering circular [...]

Imperial Metals reports financial results for the three months ended March 31, 2022, as summarized in this news release and discussed in detail in the Management’s Discussion & Analysis. The Company’s financial results are prepared in accordance with International Financial Reporting Standards. Total revenue was $33.1 million in the March 2022 quarter compared to $33.1 million in the 2021 comparative quarter.

Imperial Metals Corp. announces the Toronto Stock Exchange has accepted the Company's Notice of Intention to make a Normal Course Issuer Bid to be transacted through the facilities of the TSX or alternative Canadian market places. Pursuant to the Bid, the Company may purchase up to 706,980 common shares, which represents 0.5% of the total 141,395,941 common shares of the Company issued and outstanding as of April 27 [...]

Imperial Metals Corp. reports Red Chris metal production for the first quarter of 2022 was 13.3 million pounds copper and 12,088 ounces gold, compared to 14.7 million pounds copper and 13,610 ounces gold produced during the fourth quarter of 2021. Imperial's 30% portion of the Red Chris first quarter production was 4 million pounds copper and 3,626 ounces gold. Metal production was lower by 9.6% for copper and 11% for [...]

Imperial Metals Corp. is pleased to report that Mount Polley Mining Corporation and the Williams Lake First Nation have signed a Revised Participation Agreement, renewing the Participation Agreement which was initially signed in December 2011 and updated in 2016. Imperial looks forward to working together to enhance Mount Polley, the T'exelcemc and the community. Brian Kynoch, President of Imperial Metals, expressed his [...]

Imperial Metals Corp. reports that eight drill rigs are now operating at Red Chris with five focusing on East Ridge exploration and three gathering geotechnical information for infrastructure related to the development of a block cave. Hole RC750W was drilled in the East Ridge zone. The East Ridge zone is outside of the current Mineral Resource estimate. Hole RC750W, which is located approximately 100 metres beneath [...]