Rio Tinto Makes First Sale of Aluminium-Scandium Alloy for 3D Printing
Dear Investor,
Rio Tinto has signed an agreement to provide a first commercial batch of high-performance aluminium-scandium alloy from its North American operations to Amaero, a leader in metal additive manufacturing. Amaero, having recently closed a A$9,000,000 financing and continuing to raise up to A$3,000,000 more, is poised to capture the potential of high-tech metals market that has advanced applications in the defence industry.
Rio Tinto's announcement is a stepping stone for the wider adoption of scandium and scandium-aluminum alloys. The market is still lacking in appreciation as there is not enough reasonably priced and sustainable sources of scandium production. This is where we believe Imperial and its Crater Lake Scandium Project come to play as it could provide the market with a long-term, high-purity bedrock scandium source at a disruptive price. CA$2,000,000 is allocated to advance the Crater Lake project in the next phase of development, including a definition drilling program, 43-101 resource estimate and 43-101 PEA.
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.
For further information, please contact:
Peter J. Cashin, President & CEO
Phone: +1 (514) 360-0571
Email: info@imperialmgp.com
CHF Capital Markets
Iryna Zheliasko
Manager, Corporate Communications
Phone: +1 (416) 868-1079 x229
Email: iryna@chfir.com
This press release may contain forward-looking statements relating to the Company’s operations or to its business environment. Such statements are based on the Company’s operations, estimates, forecasts, and projections, but are not guarantees of future performance and involve risks and uncertainties that are difficult to predict or control. Several factors could cause actual outcomes and results to differ materially from those expressed. These factors include those set forth in the corporate filings. Although any such forward-looking statements are based upon what management believes to be reasonable assumptions, the Company cannot guarantee that actual results will be consistent with these forward-looking statements. In addition, the Company disclaims any intention or obligation to update or revise any forward-looking statements, for any reason. We also do not commit in any way to guarantee that we will continue reporting on items or issues that arise. Investors are cautioned that this press release contains quoted historical exploration results. These are derived from filed assessment reports and compiled from governmental databases. The Company and a QP have not independently verified and make no representations as to the accuracy of historical exploration results: these results should not be relied upon. Selected highlight results may not be indicative of average grades.
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AI
