Imperial Announces Normal Course Issuer Bid

Press Release

Vancouver | May 25, 2026 | Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) announces the Toronto Stock Exchange (the “TSX”) has accepted the Company’s Notice of Intention to make a Normal Course Issuer Bid (the “Bid”) to be transacted through the facilities of the TSX or alternative Canadian trading systems.

Pursuant to the Bid, the Company may purchase up to 890,855 common shares, which represents 0.5% of the total 178,171,166 common shares of the Company issued and outstanding as of May 20, 2026. Purchases will be made, at the discretion of the Company, at prevailing market prices, commencing May 28, 2026 and ending no later than May 27, 2027. Pursuant to TSX policies, daily purchases made by the Company will not exceed 64,567 common shares or 25% of the Company’s average daily trading volume of 258,269 common shares on the TSX, subject to certain prescribed exceptions. The common shares acquired under the Bid will be used to satisfy the Company’s obligations under its Non-Management Directors’ Plan and Amended and Restated Share Purchase Plan (the “Plans”). The funding for any purchase pursuant to the Bid will be financed out of the working capital of the Company. In the previous 12 months, the Company has repurchased 166,500 of its outstanding common shares at a volume weighted average price per share of $6.08 through the facilities of the TSX. The maximum number of common shares sought and approved by the TSX under the terms of the previous Bid was 814,089. The common shares have or will be allocated to satisfy the Company’s obligations under the Plans. A copy of the Company’s Notice filed with the TSX may be obtained by any shareholder, without charge, by contacting the Company’s Chief Financial Officer.

About Imperial

Imperial is a Vancouver based exploration, mine development and operating company with holdings that include the Mount Polley mine (100%), the Huckleberry mine (100%), and the Red Chris mine (30%). Imperial also holds a portfolio of 23 greenfield exploration properties in British Columbia.

Company Contacts

Brian Kynoch | President | 604.669.8959

Darb Dhillon | Chief Financial Officer | 604.669.8959

Steve Robertson | Vice President Corporate Development | 604.669.8959

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