Imperial Announces Normal Course Issuer Bid

Core Viewpoint - Imperial Metals Corporation has announced its intention to initiate a Normal Course Issuer Bid to repurchase up to 814,089 common shares, representing 0.5% of its total outstanding shares, as part of its strategy to manage capital and fulfill obligations under its share plans [1][2]. Group 1: Bid Details - The company plans to commence the share repurchase on May 28, 2025, and it will conclude no later than May 27, 2026 [2]. - Daily purchases will be limited to 12,792 common shares or 25% of the average daily trading volume of 51,168 common shares on the TSX [2]. - The shares repurchased will be allocated to satisfy obligations under the Non-Management Directors' Plan and Amended and Restated Share Purchase Plan [2]. Group 2: Historical Context - In the past 12 months, the company repurchased 217,504 common shares at a volume-weighted average price of $2.37 [2]. - The maximum number of shares approved for repurchase in the previous bid was 809,357 [2]. Group 3: Company Overview - Imperial Metals is based in Vancouver and is involved in exploration, mine development, and operations, with ownership of the Mount Polley mine, Huckleberry mine, and a 30% stake in the Red Chris mine [3]. - The company also holds a portfolio of 23 greenfield exploration properties in British Columbia [3].