Master alloy development with Albecour StrikeImperial Mining and Albecour Strike an Agreement to Develop Scandium-Aluminum Alloys in Qubec I'm returning again to this press release from July 2023. When and if this will led to positive results the sp is going into the moon and beyond! 14 months are now passed and we shall wait at least until Q1 2025 to hear the good or bad news. Is it now time to take the risk and collect more shares? MONTRAL, July 13, 2023 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. ("Imperial") (TSX VENTURE: IPG; OTCQB: IMPNF) and partner Albecour Inc. (“Albecour” and, collectively with Imperial, the “Parties), are pleased to announce that they have signed a Memorandum of Understanding (“MOU”) to investigate the potential of producing specialty Scandium-Aluminum alloys in the Province of Qubec. Under the terms of the MOU, the Parties intend to evaluate, and if deemed commercially viable, enter into a commercial agreement for the manufacturing of Scandium-Aluminum master alloys with an aluminum production plant to be identified by the Parties (the “Project”). “We are pleased to be working with Albecour to develop specialty Scandium-Aluminum alloys using scandium products from our flagship Crater Lake Scandium-Rare Earth development project,” said Imperial interim CEO Alain Bureau. “Albecour’s leadership in the production and sale of primary aluminum metal through its partnership at the Aluminerie Alouette aluminium plant in Sept-Iles, Qubec will contribute to open global marketing channels for our alloy products. The Parties will cooperate as a team for the purpose of pursuing the Project, including evaluating project viability, determining necessary technological steps to alloy production, and execution of the Project.” “Albecour is excited to be working with Imperial on this Project to further develop value-added products using scandium for low-carbon aluminium production within Qubec’s ecosystem.” said Nicolas Dalmau, Albecour Vice-President Operations & General Manager. TIMELINE AND TARGET MARKETS The Parties plan to execute the Project as soon as commercially viable and will require 18 to 24 months to complete. The electric vehicle, aeronautic, space, offshore wind, and defence sectors are the target markets for Scandium-Aluminium alloy products.
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