Imperial Mining Adds Mine Building Expertise Nominates Alain Bureau to the Board

Rhea-AI Summary

Imperial Mining Group Ltd. has appointed Mr. Alain Bureau, P.Eng., to its Board of Directors. With over 20 years of experience in the mining sector, Bureau previously served as President & CEO of Pershimco Resources and President of Atico Mining Corporation. He has garnered awards for exploration achievements and has significant insight into logistical challenges in the industry. To incentivize his role, Imperial has granted him 300,000 stock options at $0.125 per share. This strategic move aims to bolster the development of the Crater Lake scandium-rare earth project.

Positive

• Appointment of Alain Bureau to the Board of Directors, enhancing expertise.
• Bureau's extensive experience in mining projects may facilitate the Crater Lake project.
• Granting 300,000 stock options encourages alignment with shareholder interests.

Negative

• None.

MONTREAL, May 03, 2022 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. ("Imperial") (TSX VENTURE: IPG; OTCQB: IMPNF) is pleased to announce that it has nominated Mr. Alain Bureau, P.Eng., to the Board of Directors.

Alain Bureau, P.Eng., Director

We are pleased to announce that Alain Bureau has accepted to join Imperial Mining Group’s Board of Directors.

Mr. Alain Bureau is a Canadian professional engineer with over 20 years of experience in the mining and construction sector, having worked in 11 countries across the Americas. Mr. Bureau brings to the company significant experience in the junior mining industry through his roles as President & CEO of Pershimco Resources and President of Atico Mining Corporation. He also received numerous important industry acknowledgements, including TSX’s Top 10 exploration companies award in 2012 and the prestigious PwC’s Top performing mining explorers award in 2013. As a third-generation miner, his early career led him to be involved in numerous large construction projects including the Glencore’s Raglan Mine located in the extreme limit of Northern Quebec.

While with Agnico Eagle, he was the plant construction manager for the Pino’s Alto mine in the remote Mexican mountains as well as in the Atacama desert working on BHP’s Escondida mine expansion, currently the largest copper producer in the world. His exploration and construction abilities as well as his M&A experience and understanding of the capital markets allowed him to successfully deliver growth through the development of logistically challenging projects by providing technical solutions and financial alternatives to create value for shareholders.

Alain graduated with high honours in Mechanical Engineer from the Royal Military College of Canada and is a member of the OIQ "Ordre des Ingénieurs du Quebec". He also currently serves on the Mining Chamber of Ecuador Board of Directors.

“I am very pleased that Alain Bureau has agreed to join us,” said Peter J. Cashin, Imperial’s President & CEO. “Alain has a track record of successfully building mines throughout the Americas, particularly in areas with challenging logistics. His experience will provide Imperial with valuable guidance and input in the efficient design and execution of our Crater Lake scandium-rare earth project development plans. Please join me in welcoming Alain to the Team Imperial. I look forward to his contribution in supporting Imperial’s intention of being North America’s first pure scandium provider.”

The Corporation also announces it has granted 300,000 incentive stock options of the Corporation to Alain in accordance with the Corporation’s stock option plan. The options are exercisable at a price of $0.125 per share for a period of five years from the date of grant in accordance with the Plan’s vesting provisions. The options are subject to the approval of the TSX Venture Exchange.

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 and Chief Executive Officer
Phone: +1 (514) 360-0571
Email: info@imperialmgp.com

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.

 

FAQ

Who is Alain Bureau, and what is his experience related to IMPNF?

Alain Bureau is a newly appointed board member of Imperial Mining Group with over 20 years of experience in the mining industry, having held leadership positions in various mining companies.

What is the significance of Alain Bureau's appointment for IMPNF?

Bureau's appointment is significant as it brings valuable industry expertise that can aid in developing Imperial's Crater Lake scandium-rare earth project.

What incentives were provided to Alain Bureau upon his appointment to IMPNF?

Alain Bureau was granted 300,000 stock options at an exercise price of $0.125 per share as part of his appointment.

What are Imperial Mining Group's main projects?

Imperial Mining Group is focused on advancing its technology metals projects, notably the Crater Lake scandium-rare earth project.

What is the role of the Board of Directors in IMPNF?

The Board of Directors oversees the company's strategic direction and ensures that it adheres to corporate governance and shareholder interests.