Collaborative Agreement On The Crater Lake Processing Complex

MONTREAL - Imperial Mining Group Ltd. has entered into a Collaboration Agreement with Development Economique Sept-lles Inc (DESI) to assist with local stakeholders in the Sept Iles area of the Province of Quebec in support of the establishment of Imperial’s scandium, rare earths and scandium-aluminum master alloys facility to be sited within the boundaries of the City of Sept-lles and to be operated by Imperial using feedstock from its planned mining operations at Crater Lake Project.

President & CEO, Peter Cashin, “DESI is proving to be an exceptional facilitator with local stakeholders. We are looking forward to a long and productive relationship.”

DESI’s CEO, Mr. Paul Lavoie, “We are excited to assist Imperial with this project, which fits well within the long-term vision of the region to shift from primary transformation toward value-added opportunities in Critical Minerals. Imperial’s project offers an excellent opportunity to integrate the region’s mineral logistics and aluminum’s smelting expertise.”