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MONTREAL, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. ("Imperial") (TSX VENTURE: IPG; OTCQB: IMPNF) is pleased to share its work plan to mark the eighth week of office of President and CEO Pierre Neatby as the first of regular updates.

MONTREAL, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. ("Imperial" or the “Company”) (TSX VENTURE: IPG; OTCQB: IMPNF) is pleased to announce that it has started work on the optimization of its mineral processing and hydrometallurgical flowsheet for scandium and rare earths, at SGS Lakefield, to support the preparation of a Prefeasibility Study of the Crater Lake Project in northeastern Québec. The work is supported by a $500,000 grant from Le Consortium de recherche et d'innovation en transformation métallique (CRITM), which is one of the nine industrial research sector groups (RSRIs) in Québec. CRITM is funded by the Ministère des Ressources Naturelles du Québec. It is a network dedicated to industrial research and offers companies strategic support and financial assistance to carry out their research projects. In December 2022, Imperial applied for funding under CRITM's Critical and Strategic Minerals program.

MONTREAL, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. ("Imperial" or the “Company”) (TSX VENTURE: IPG; OTCQB: IMPNF) is pleased to report it has been spotlighted in a recently published scandium industry report by eResearch in a document titled “Scandium – A Metal for a Green Future; Your Guide to Understanding and Investing in Scandium Companies.”—click here for the report. The document reviews scandium uses, current supply and demand, and presents an overview of 15 other companies engaged in the scandium industry.

MONTREAL, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. ("Imperial") (TSX VENTURE: IPG; OTCQB: IMPNF) is pleased to announce that it is sponsoring a 3-year research project at McGill University to better understand the unique genesis of the scandium/Rare Earths deposit formation at Imperial's Crater Lake Project in northeastern Quebec for which a 43-101-compliant Preliminary Economic Assessment (PEA) was issued in July 2022. An updated resource estimate was issued on September 14, 2023. Imperial will benefit from this research by better understanding how to target high scandium concentrations within its deposit with high predictability and increase the profitability of its mining operations.

Highlights: Imperial's independent qualified persons report updated Indicated Resources of 11.8 million tonnes grading 275.9 g/t Sc 2 O 3 and Inferred Resources of 15.9 million tonnes grading 268.4 g/t Sc 2 O 3 for the Northern Lobe of the TG Scandium Zone. The updated Mineral Resource Estimate represents a 58% increase in total scandium tonnage for the Indicated Resources category and a 22% increase in total scandium tonnage for the Inferred Resources category.

MONTRÉAL, Sept. 08, 2023 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. (“Imperial” or the “Corporation”) (TSX VENTURE: IPG) announces its intent to extend the expiry dates of a total of 8,976,666 share purchase warrants (the “Warrants”), by 6 months to March 13 and 15, 2024 (the “Warrants Extension”). The Warrants were issued pursuant to a private placement which closed in two tranches on September 13 and 15, 2021. Each Warrant entitles the holder thereof to acquire one common share of the Corporation at a price of $0.20 per common share and all other terms of the Warrants, including exercise price, will remain the same. The Warrants Extension is subject to acceptance by the TSXV.

MONTRÉAL, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. (“Imperialˮ or the “Corporation”) (TSX VENTURE: IPG) announces that it has granted today an aggregate of 1,500,000 incentive stock options (the “Options”) to Mr. Pierre Neatby, President and Chief Executive Officer of the Corporation in accordance with the Corporation's stock option plan. The appointment of Mr. Neatby was previously announced in Imperial's news release on August 9, 2023. The Options are exercisable at a price of $0.10 per share for a period of five years from the date of grant. The Options shall vest according to the following vesting schedule: 25% shall vest immediately upon issue; 25% shall vest upon the date that is 6 months from the date of issue; 25% shall vest upon the date that is 12 months from the date of issue; and the remaining 25% shall vest upon the date that is 18 months from the date of issue.

MONTREAL, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. (“Imperial” or the “Corporation”) (TSX VENTURE: IPG) is pleased to announce the appointment of Mr. Pierre Neatby as President and Chief Executive Officer of Imperial, effective August 15, 2023.
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