IBC ADVANCED ALLOY CP ORD - IAALF STOCK NEWS

IBC Advanced Alloys Corp. (TSXV:IB, OTCQB:IAALF) reported a 5.2% increase in consolidated sales year-over-year, totaling $7.495 million for Q4 2022. The Copper Alloy division saw a remarkable 76.2% sales surge, marking its fifth consecutive quarter of growth. Despite this success, the Engineered Materials division faced challenges, with a 54% decline in sales year-over-year. The company recorded a net loss of $395,000, compared to a profit of $344,000 from the same quarter last year. Operating income improved to $202,000. IBC's Copper Alloys delivered adjusted EBITDA growth of 1,041.9% year-over-year.

IBC Advanced Alloys Corp. (TSX-V:IB; OTCQB:IAALF) has successfully closed a non-brokered private placement, raising approximately C$1,217,100 through the issuance of 11,269,444 units. Each unit includes one common share and one warrant, which can be exercised at C$0.135 until December 30, 2024. The Lind Global Fund II LP led the investment, contributing C$750,000 by purchasing 6,944,444 units. Proceeds will support working capital and corporate purposes, while the company anticipates increased demand in its specialty alloy markets.

IBC Advanced Alloys Corp. (TSXV:IB; OTCQB:IAALF) plans to issue 1,186,786 common shares at a price of C$0.1289 per share to satisfy approximately C$152,978.75 in interest payable to holders of its unsecured debentures on December 31, 2022. This decision follows a previous press release and is contingent upon requisite approvals, including from the TSX Venture Exchange. The pricing reflects the shares' volume-weighted average trading price over the preceding 20 trading days. IBC continues to serve various industries with its innovative alloy products.

IBC Advanced Alloys Corp. (OTCQB: IAALF) has announced an increase in its non-brokered private placement to raise up to C$1.2 million. The offering consists of up to 11,111,112 units priced at C$0.108 per unit. Each unit includes one common share and one purchase warrant, which allows the purchase of additional shares at C$0.135 within two years. Closing is expected by December 21, 2022, pending regulatory approvals. Proceeds will be allocated for working capital and corporate purposes.

IBC Advanced Alloys Corp. (OTCQB:IAALF) plans to conduct a non-brokered private placement of up to 9,259,260 units at C$0.108 each, totaling up to C$1.0 million. Each unit includes one common share and a warrant, allowing purchase of additional shares at C$0.135 for two years post-offering. The placement is expected to close on December 14, 2022, pending regulatory approvals. Proceeds will be allocated to working capital and corporate purposes. All issued securities are subject to a four-month hold period.

IBC Advanced Alloys Corp. (OTCQB:IAALF) has announced the issuance of common shares to satisfy approximately C$152,978.75 in interest payments due on its debentures on December 31, 2022. This action pertains to its 9.50% and 8.25% unsecured debentures due June 6, 2023. The share price will be based on the average trading price over the 20 days leading up to the payment date, ensuring it meets minimum market price requirements. This decision is subject to the approval of the TSX Venture Exchange.

IBC Advanced Alloys Corp. (OTCQB:IAALF) reported its Q3 2022 financial results, revealing a 16.4% decline in consolidated sales, primarily due to decreased demand for its Engineered Materials division's beryllium-aluminum products, which had previously reached historic highs. Conversely, the Copper Alloy division experienced a 25.1% sales increase year-over-year and a 21.6% sequential rise, marking its fourth consecutive quarter of growth. The company posted a net loss of $2 million ($0.02 per share), worsening from a loss of $581,000 in the prior year.

IBC Advanced Alloys Corp. (OTCQB:IAALF) has secured a contract to supply beryllium-aluminum alloy components to L3Harris Technologies for an undisclosed aerospace application. The company's Engineered Materials Division will produce these components using proprietary investment casting technology, allowing for efficient and cost-effective manufacturing. This contract marks a significant collaboration, tapping into IBC's expertise in providing high-performance materials for demanding operational environments, thereby contributing to savings in national defense procurement.