Mr. Brian Kynoch reports

REPAYMENT OF SENIOR UNSECURED NON-CONVERTIBLE DEBENTURES

Imperial Metals Corp. has fully repaid all outstanding senior unsecured non-convertible debentures due Nov. 1, 2025.

The company has repaid the principal amount of $34.47-million, along with accrued interest, under the senior unsecured non-convertible debentures issued by the company on June 30, 2023, and amended in June 2024. The 2023 debentures carried an interest rate of 12.0 per cent per annum.

Additionally, the company has repaid the principal amount of $45-million, along with accrued interest, under the senior unsecured non-convertible debentures issued by the company on March 1, 2024. The 2024 debentures also carried an interest rate of 12.0 per cent per annum.

Further information about the debentures can be found in the news releases dated June 16, 2023, Feb. 6, 2024, and June 24, 2024.

About Imperial Metals Corp.

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