Imperial Announces Rights Offering

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May 20, 2022

VANCOUVER, British Columbia, May 19, 2022 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the "Company") (TSX:III, Financial) announces that it will conduct a rights offering (the "Rights Offering") to raise gross proceeds of up to approximately C$53,730,456 through the issuance of rights ("Rights") to subscribe for an aggregate of 17,674,492 common shares of the Company ("Common Shares") at a subscription price of C$3.04 per Common Share.