Imperial Mining : Presentation August 2023

THE CANADIAN

SCANDIUM LEADER

Green Energies

EV Batteries

Aviation, Aerospace & Defence

Quebec:

The most effective Aluminum ecosystem in the world

$ 1.72 B

32,8%

PLAN NORD

BEST

75 %

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of Aluminum Production

Infrastructures Program

PROJECT

PROJECT

-

Roads

NPV

IRR

QUEBEC,

Market

-

Rails

With lowest CO2 footprint

(AFTERTAX)

(AFTERTAX)

top mining jurisdictions

-

Power

2

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-

Infrastructures

What is Scandium ?

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Scandium: is a chemical element with the symbol Sc and atomic number 21. It is a silvery- white metal that belongs to the transition metals group of the periodic table. Scandium is relatively rare in nature and is considered a rare earth element.

Metal Properties: Scandium is a lightweight metal with a density similar to aluminum. It has a high melting point and is relatively soft, making it easy to shape. Scandium is also a good conductor of electricity and heat. The Aluminium allows provide lightweight, high- strength and corrosion resistant equipment parts.

Applications: Scandium-aluminum alloys are utilized in the manufacturing of high- performance component for aerospace, aircraft, missiles, and satellites. The green energy technology is also requiring these alloys in EV frames and battery kits as well as wind turbine technology.

EV Batteries

Defense - Space

Aeronautic

Green-Energy

Multiple Market Drivers - Scandium Market Severely Undersupplied

•---

Source: Internal EY Internal Market Study 2022

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Scandium demand projections show a very significant need for new mining capacity

To meet 2040

demand, current capacity needs to increase by a factor of over 50

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Strategic Plan and Milestones

1- Exploration: Geology, Geophysics and Drilling. This milestone is completed and proved an important

upside for the project as only 10% of the property has been explored.

2- Mineral Resources & PEA : WSP Canada, calculated that the project has an aftertax

NPV(10%) of C$1.7-billion and an IRR of 32.8%, operate for 25 years, generating C$608-million a year in revenue from the sale of scandium-Aluminum master alloy (ScAl) and rare earth element (REE) hydroxide concentrate

3- Strategic Partners : Canadian and US government agencies, Aluminum ecosystem, EV, Space &

Aeronautics, Defense, etc.. will increase market certainty and reduce shareholders exposure to risks and dilution

4- Product Development : Marketing, specific product demand and offtake will increase the certainty of the financial model and at the same time improve the financing conditions

5- Detail Engineering : Detail engineering of the mining facilities as well as the processing facilities with the Strategic Partners will be important to optimize CAPEX and OPEX.

6- Financing + Construction + Production

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Disclaimer

Imperial Mining Group Ltd. published this content on 17 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 August 2023 19:33:05 UTC.