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Imperial Metals Capital/Financing Update 2022

Jul 7, 2022

45219_rns_2022-07-06_17e6a137-b575-4877-9118-8ab221ace393.pdf

Capital/Financing Update

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News Release

Imperial Provides Additional Details Regarding Rights Offering

Vancouver | July 6, 2022 | Imperial Metals Corporation (the “Company”) (TSX:III) is providing additional details of the Rights Offering, which expired at 2:00 p.m. (Pacific Time) 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.

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About Imperial

Imperial is a Vancouver based exploration, mine development and operating company. The Company, through its subsidiaries, owns a 30% interest in the Red Chris mine, and a 100% interest in both the Mount Polley and Huckleberry copper mines in British Columbia. 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 | 604.488.2658