Toronto, July 20, 2016 -- Moody's Investors Service, ("Moody's") affirmed Imperial Metals Corporation's ("IMC") Corporate Family Rating at Caa1, Probability of Default Rating at Caa1-PD, and Senior Unsecured rating at Caa2. At the same time the ratings outlook was changed to positive from negative. The company's speculative liquidity rating (SGL) was upgraded to a SGL-3 from SGL-4.

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