Conversion of Senior Unsecured Convertible Debentures Due August 30, 2027

VANCOUVER, British Columbia, Aug. 18, 2025 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company” or “Imperial”) (TSX:III) announces that all outstanding Senior Unsecured Convertible Debentures (the “Debentures”) due August 30, 2027 will be converted into common shares of the Company (“Debenture Shares”), with 100% of the holders of the Debentures (the “Holders”) electing to exercise their conversion rights prior to the conversion notice deadline (the “Conversion”). As a result, no cash redemption will be made on August 18, 2025 (the “Redemption Date”). The 14,687,500 Debenture Shares issuable upon conversion will be delivered to the Holders on the Redemption Date in lieu of the redemption price.