Imperial Announces Normal Course Issuer Bid

VANCOUVER, British Columbia, May 23, 2025 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) announces the Toronto Stock Exchange (the “TSX”) has accepted the Company’s Notice of Intention to make a Normal Course Issuer Bid (the “Bid”) to be transacted through the facilities of the TSX or alternative Canadian trading systems.

Pursuant to the Bid, the Company may purchase up to 814,089 common shares, which represents 0.5% of the total 162,817,841 common shares of the Company issued and outstanding as of May 22, 2025. Purchases will be made, at the discretion of the Company, at prevailing market prices, commencing May 28, 2025 and ending no later than May 27, 2026. Pursuant to TSX policies, daily purchases made by the Company will not exceed 12,792 common shares or 25% of the Company’s average daily trading volume of 51,168 common shares on the TSX, subject to certain prescribed exceptions.   The common shares acquired under the Bid will be used to satisfy the Company’s obligations under its Non-Management Directors’ Plan and Amended and Restated Share Purchase Plan (the “Plans”). The funding for any purchase pursuant to the Bid will be financed out of the working capital of the Company. In the previous 12 months, the Company has repurchased 217,504 of its outstanding common shares at a volume weighted average price per share of $2.37 through the facilities of the TSX. The maximum number of common shares sought and approved by the TSX under the terms of the previous Bid was 809,357. The common shares have or will be allocated to satisfy the Company’s obligations under the Plans. A copy of the Company’s Notice filed with the TSX may be obtained by any shareholder, without charge, by contacting the Company’s Chief Financial Officer.    

About Imperial

Imperial is a Vancouver-based exploration, mine development and operating company with holdings that include the Mount Polley mine (100%), the Huckleberry mine (100%), and the Red Chris mine (30%). Imperial also holds a portfolio of 23 greenfield exploration properties in British Columbia.

Company Contacts

Brian Kynoch | President | 604.669.8959
Darb Dhillon | Chief Financial Officer | 604.669.8959

Cautionary Note Regarding Forward-Looking Statements

Certain information contained in this news release are not statements of historical fact and are “forward-looking” statements. Forward-looking statements relate to future events or future performance and reflect Company management’s expectations or beliefs regarding future events and include, but are not limited to, statements regarding the Company’s intentions with respect to the Bid; the price, volume and timing of purchases and funding of such purchases thereunder; the use of shares acquired under the Bid; and the allocation of shares to satisfy the Company’s obligations under the Plans.