Imperial Mining and Albecour Strike an Agreement to Develop Scandium-Aluminum Alloys in Québec
Imperial Mining and Albecour Strike an Agreement to Develop
Scandium-Aluminum Alloys in Québec
MONTRÉAL, QUÉBEC – July 13 , 2023 – Imperial Mining Group Ltd. ("Imperial") (TSX
VENTURE: IPG; OTCQB: IMPNF ) and partner Albecour Inc. (“Albecour” and, collectively with
Imperial, the “Parties), are pleased to announce that they have signed a Memorandum of Understanding
(“MOU”) to investigate the potential of producing specialty Scandium -Aluminum alloys in the Province
of Québec.
Under the terms of the MOU, the Parties intend to evaluate, and if deemed commercially viable, enter into
a commercial agreement for the manufacturing of Scandium-Aluminum master alloys with an aluminum
production plant to be identified by the Parties (the “Project”).
“We are pleased to be working with Albecour to develop specialty Scandium-Aluminum alloys using
scandium products from our flagship Crater Lake Scandium-Rare Earth development project,” said Imperial
interim CEO Alain Bureau. “Albecour’s leadership in the production and sale of primary aluminum metal
through its partnership at the Aluminerie Alouette aluminium plant in Sept-Iles, Québec will contribute to
open global marketing channels for our alloy products. The Parties will cooperate as a team for the purpose
of pursuing the Project, including evaluating project viability, determining necessary technological steps to
alloy production, and execution of the Project.”
“Albecour is excited to be working with Imperial on this Project to further develop value-added products
using scandium for low-carbon aluminium production within Québec’s ecosystem.” said Nicolas Dalmau,
Albecour Vice-President Operations & General Manager.
TIMELINE AND TARGET MARKETS
The Parties plan to execute the Project as soon as commercially viable and will require 18 to 24 months to
complete. The electric vehicle, aeronautic, space, offshore wind, and defence sectors are the target markets
for Scandium-Aluminium alloy products.
ABOUT IMPERIAL MINING GROUP LTD.
Imperial is a Canadian mineral exploration and development company focused on the advancement of its
technology metals projects in Québec. Imperial is publicly listed on the TSX Venture Exchange as “IPG”
and on the OTCQB Exchange as “IMPNF” and is led by an experienced team of mineral exploration and
development professionals with a strong track record of mineral deposit discovery in numerous metal
commodities.
ABOUT ALBECOUR INC.
Albecour Inc. is a 100%-owned subsidiary of Investissement Québec, a Provincial Crown Corporation with
the role to support businesses with their development in Québec, by providing guidance through every
phase of their project. Albecour Inc., a 6.67% owner of the Aluminerie Alouette Inc. in Sept-Iles, Québec,
purchases raw material (alumina), supervises alumina transport logistics, sells its share of aluminum
produced and ships it to customers in Québec and globally.
For further information please contact:
Alain Bureau
Interim Chief Executive Officer
Phone: +1 (514) 944-9544
Email: [email protected]
CHF Capital Markets
Iryna Zheliasko, Manager-Corporate Communications
Phone: +1 (416) 868-1079 x229
Email: [email protected]
Website: www.imperialmgp.com Twitter: @imperial_mining Facebook: Imperial Mining Group
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.