CA Market News
7日前
IBC Advanced Alloys Reports Improved Financial Results for the Quarter Ended March 2026May 29, 2026 5:00 PM
ACCESS NewswireHighlights(Unless otherwise noted, all financial amounts in this news release are expressed in U.S. dollars. IBC is reporting the performance of "continuing operations" at its Copper Alloy division, "discontinued operations" at its Massachusetts facility, and a combination of continuing and discontinued operations.1Fiscal year-to-date (YTD) sales of $13.8 million increased by 6.4% over the comparable prior-year period, driven primarily by sharply higher naval defense sector demand.YTD gross profit of $2,528,000 increased by 7.8% year-over-year (Y/Y) while gross profit in the quarter of $800,000 declined 13.5% Q/Q due to a one-time supply chain constraint that has since been corrected.On a consolidated basis, operating income and adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA)1 in the quarter increased Y/Y, largely driven by stronger sales and lower costs in the now-shuttered Engineered Materials (EM) division.On a consolidated basis, YTD loss of $2 million was lower compared to the comparable prior-year period largely due to higher sales and reduced costs. FRANKLIN, IN / ACCESS Newswire / May 29, 2026 / IBC Advanced Alloys Corp. ("IBC" or the "Company") (TSX-V:IB)(OTCQB:IAALF) announces its financial results for the quarter ended March 31, 2026.Stronger demand for Company's copper alloy products, primarily from the naval defense sector, boosted revenue in the quarter by 5.7% and by 6.4% YTD over the comparable prior-year periods. Demand for IBC's products continues to strengthen following softer demand in 2025 due to market uncertainty over the application of the U.S. Government's copper tariffs.In the nine months ended March 31, 2026, the Company narrowed losses in operating and net income over the comparable prior-year period, and posted Adjusted EBITDA of $208,000, reversing a loss of $982,000 in the prior-year period.Selected ResultsUnless otherwise noted, all financial amounts are calculated following IFRS.1SELECTED RESULTS: ($000s)
Quarter Ended
03-31-2026 Quarter Ended
03-31-2025 Nine Months Ended
03-31-2026 Nine Months Ended
03-31-2025 CONTINUING OPERATIONS Revenue $4,773 $4,516 $13,807 $12,976 Operating loss $(274) $(81) $(230) $(735) Net loss $(765) $(533) $(1,692) $(2,312) Adjusted EBITDA $131 $255 $534 $(126) Gross Profit $800 $925 $2,528 $2,345 Gross Margin 17% 20% 18% 18% DISCONTINUED OPERATIONS Revenue $- $- $- $- Operating loss $(113) $(174) $(326) $(882) Net income loss $(128) $(192) $(383) $(1,020) Adjusted EBITDA $(113) $(163) $(326) $(856) CONSOLIDATED OPERATIONS Revenue $4,773 $4,516 $13,807 $12,976 Operating loss $(387) $(255) $(556) $(1,617) Net loss $(893) $(725) $(2,075) $(3,332) Adjusted EBITDA $18 $92 $208 $(982) "Demand for IBC's copper alloy products, particularly aluminum-nickel-bronze, continues to rise driven by increasing demand from the naval defense sector, as we had anticipated," said Mark A. Smith, CEO and Executive Chairman of IBC. "In addition, our success in October 2025 in producing finished aluminum-scandium alloy has opened up new potential markets for IBC, and we are exploring potential sales channels for this powerful alloy across several sectors."Nickel-aluminum bronze (NAB) is one of the most widely used copper alloys in naval applications, valued for its combination of seawater corrosion resistance, high strength, and resistance to biofouling and cavitation. Its primary uses include propellers and propulsion; valves, pumps, and fittings; shafting and bearings; hull and structural hardware; and weapons and deck systems.The Navy's latest 30-year plan targets a fleet of 450+ ships - a mix of manned warships and large unmanned surface/underwater vessels. The FY2027-FY2031 window calls for more than $305 billion in battle-force shipbuilding, with the broader Future Years Defense Program covering 122 ships and 63 autonomous systems. Congress has been backing this with large appropriations: roughly $27 billion for Navy shipbuilding in 2026 and a separate authorization bill adding tens of billions more.Full results are available in the Company's financial statements and management's discussion and analysis ("MD&A"), which can be accessed at sedarplus.ca and on the Company's website at https://ibcadvancedalloys.com/investors-center/.For more information on IBC and its innovative alloy products, go here: https://www.ibcadvancedalloys.comOn Behalf of the Board of Directors:"Mark A. Smith"Mark A. Smith, CEO & Chairman of the Board# # #CONTACTS:Mark A. Smith, Chairman of the Board
Jim Sims, Director of Investor and Public Relations
+1 (303) 503-6203
Email: jim.sims@ibcadvancedalloys.com
Website: www.ibcadvancedalloys.comABOUT IBC ADVANCED ALLOYS CORP.IBC is a leading advanced copper alloys manufacturer serving a variety of industries such as defense, aerospace, automotive, telecommunications, precision manufacturing, and others. At its vertically integrated production facility in Franklin, Indiana, IBC manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper, aluminum bronze and aluminum-scandium. The Company's common shares are traded on the TSX Venture Exchange under the symbol "IB" and the OTCQB under the symbol "IAALF".CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTSNeither 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.Certain information contained in this news release may be forward-looking information or forward-looking statements as defined under applicable securities laws. Forward-looking information and forward-looking statements are often, but not always identified by the use of words such as "expect", "anticipate", "believe", "foresee", "could", "estimate", "goal", "intend", "plan", "seek", "will", "may" and "should" and similar expressions or words suggesting future outcomes. This news release includes forward-looking information and statements pertaining to, among other things, the Company's expectation of further growth in revenue and market demand, and the ability of the Copper Alloy division to increase its production capacity, reduce unit costs of production, expand its product portfolio and expand into new markets, the closure of the Engineered Materials division and ongoing expenses in connection therewith, potential market demand for shaped alloy parts and Al-Sc alloy components, and future copper and scandium alloy market conditions generally. Forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control including: the risk that the Company may not be able to make sufficient payments to retire its debt, the impact of general economic conditions in the areas in which the Company or its customers operate, including the semiconductor manufacturing and oil and gas industries, risks associated with manufacturing activities, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, limited availability of raw materials, fluctuations in commodity prices, imposition of tariffs, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. As a result of these risks and uncertainties, the Company's future results, performance or achievements could differ materially from those expressed in these forward-looking statements. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.Please see "Risk Factors" in our Annual Information Form available under the Company's profile at www.sedarplus.ca, for information on the risks and uncertainties associated with our business. Readers should not place undue reliance on forward-looking information and statements, which speak only as of the date made. The forward-looking information and statements contained in this release represent our expectations as of the date of this release. We disclaim any intention or obligation or undertaking to update or revise any forward-looking information or statements whether as a result of new information, future events or otherwise, except as required under applicable securities laws.1 We report non-IFRS measures such as "Adjusted EBITDA". Please see information on this and other non-IFRS measures in the "Non-IFRS Measures" section of this news release and in IBC's MD&A, available on sedarplus.caSOURCE: IBC Advanced Alloys Corp.View the original press release on ACCESS NewswireOriginal: IBC Advanced Alloys Reports Improved Financial Results for the Quarter Ended March 2026
CA Market News
1週前
IBC Advanced Alloys Announces Amendment to Existing Term LoanMay 28, 2026 5:30 PM
ACCESS NewswireFRANKLIN, IN / ACCESS Newswire / May 28, 2026 / IBC Advanced Alloys Corp. ("IBC" or the "Company") (TSXV:IB)(OTCQB:IAALF) is pleased to announce that certain of the Company's U.S. subsidiaries (the "Subsidiaries") have entered into an amendment (the "Amendment") to the term loan (the "Term Loan") with Loeb Term Solutions LLC ("Loeb") dated October 26, 2023, secured by a credit and security agreement. Pursuant to the Amendment, the Term Loan, of which approximately US$916,000 remains outstanding, has been refinanced to increase the aggregate amount available to US$1,370,268 and extend the maturity date three years from the date of the Amendment. After the payment of certain fees and expenses, the Company expects to have additional loan proceeds of approximately US$424,000 available for working capital.All other terms of the Term Loan remain as described in the Company's press release dated October 26, 2023.The Amendment is subject to the approval of the TSX Venture Exchange (the "TSX-V").For more information on IBC and its innovative alloy products, go here.On Behalf of the Board of Directors:"Mark A. Smith"Mark A. Smith, Chairman# # #Contact:Mark A. Smith, Chairman of the Board
Jim Sims, Director of Investor and Public Relations
+1 (303) 503-6203
Email: jim.sims@ibcadvancedalloys.comWebsite: www.ibcadvancedalloys.com@IBCAdvanced $IB $IAALF #copperAbout IBC Advanced Alloys Corp.IBC is a leading advanced copper alloys manufacturer serving a variety of industries such as defense, aerospace, automotive, telecommunications, precision manufacturing, and others. At its vertically integrated production facility in Franklin, Indiana, IBC manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper, and aluminum bronze. The Company's common shares are traded on the TSX-V under the symbol "IB" and the OTCQB under the symbol "IAALF".Cautionary StatementsNeither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.Certain information contained in this news release may be forward-looking information or forward-looking statements as defined under applicable securities laws. Forward-looking information and forward-looking statements are often, but not always identified by the use of words such as "expect", "anticipate", "believe", "foresee", "could", "estimate", "goal", "intend", "plan", "seek", "will", "may" and "should" and similar expressions or words suggesting future outcomes. This news release includes forward-looking information and statements pertaining to, among other things, receipt of the TSX-V approval of the Amendment. Forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control including: the risk that the Company may not be able to make sufficient payments to retire its debt, including the Term Loan, the impact of general economic conditions in the areas in which the Company or its customers operate, including the semiconductor manufacturing and oil and gas industries, risks associated with manufacturing activities, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, limited availability of raw materials, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. As a result of these risks and uncertainties, the Company's future results, performance or achievements could differ materially from those expressed in these forward-looking statements. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.Please see "Risk Factors" in our Annual Information Form available under the Company's profile at www.sedarplus.ca, for information on the risks and uncertainties associated with our business. Readers should not place undue reliance on forward-looking information and statements, which speak only as of the date made. The forward-looking information and statements contained in this release represent our expectations as of the date of this release. We disclaim any intention or obligation or undertaking to update or revise any forward-looking information or statements whether as a result of new information, future events or otherwise, except as required under applicable securities laws.SOURCE: IBC Advanced Alloys Corp.View the original press release on ACCESS NewswireOriginal: IBC Advanced Alloys Announces Amendment to Existing Term Loan
CA Market News
1月前
IBC Advanced Alloys Announces Amendment of Existing Credit FacilityMay 4, 2026 4:50 PM
ACCESS NewswireFRANKLIN, IN / ACCESS Newswire / May 4, 2026 / IBC Advanced Alloys Corp. ("IBC" or the "Company") (TSXV:IB)(OTCQB:IAALF) is pleased to announce that certain of the Company's U.S. subsidiaries (the "Subsidiaries") have entered into an amendment (the "Amendment") with Sallyport Commercial Finance, LLC (the "Lender"), assignee of Iron Horse Credit LLC's entire lending portfolio, to amend the existing credit and security agreement with the Lender (the "Credit Agreement"), increasing the available credit under the Credit Agreement from US$6,000,000to US$7,000,000 and extending the maturity date of the Credit Agreement until September 30, 2028. A US$10,000 fee was also paid to the Lender upon signing of the Amendment.All other terms of the Credit Agreement remain as described in the Company's press releases dated July 29, 2021, August 28, 2023, and September 30, 2025.The Amendment is subject to the approval of the TSX Venture Exchange (the "TSX-V").For more information on IBC and its innovative alloy products, go here.On Behalf of the Board of Directors:"Mark A. Smith"Mark A. Smith, Chairman of the Board# # #Contact:Mark A. Smith, Chairman of the Board
Jim Sims, Director of Investor and Public Relations
+1 (303) 503-6203
Email: jim.sims@ibcadvancedalloys.comWebsite: www.ibcadvancedalloys.com@IBCAdvanced $IB $IAALF #copperAbout IBC Advanced Alloys Corp.IBC is a leading advanced copper alloys manufacturer serving a variety of industries such as defense, aerospace, automotive, telecommunications, precision manufacturing, and others. At its vertically integrated production facility in Franklin, Indiana, IBC manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper, and aluminum bronze. The Company's common shares are traded on the TSX-V under the symbol "IB" and the OTCQB under the symbol "IAALF".Cautionary Statements Regarding Forward Looking StatementsNeither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.Certain information contained in this news release may be forward-looking information or forward-looking statements as defined under applicable securities laws. Forward-looking information and forward-looking statements are often, but not always identified by the use of words such as "expect", "anticipate", "believe", "foresee", "could", "estimate", "goal", "intend", "plan", "seek", "will", "may" and "should" and similar expressions or words suggesting future outcomes. This news release includes forward-looking information and statements pertaining to, among other things, receipt of TSX-V approval of the Amendment. Forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control including: the risk that the Company may not be able to make sufficient payments to retire its debt, including the Credit Agreement, the impact of general economic conditions in the areas in which the Company or its customers operate, including the semiconductor manufacturing and oil and gas industries, risks associated with manufacturing activities, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, limited availability of raw materials, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. As a result of these risks and uncertainties, the Company's future results, performance or achievements could differ materially from those expressed in these forward-looking statements. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.Please see "Risks Factors" in our Annual Information Form available under the Company's profile at www.sedarplus.ca, for information on the risks and uncertainties associated with our business. Readers should not place undue reliance on forward-looking information and statements, which speak only as of the date made. The forward-looking information and statements contained in this release represent our expectations as of the date of this release. We disclaim any intention or obligation or undertaking to update or revise any forward-looking information or statements whether as a result of new information, future events or otherwise, except as required under applicable securities laws.SOURCE: IBC Advanced Alloys Corp.View the original press release on ACCESS NewswireOriginal: IBC Advanced Alloys Announces Amendment of Existing Credit Facility
CA Market News
3月前
IBC Advanced Alloys Reports Financial Results for the Quarter Ended December 2025February 27, 2026 7:00 AM
ACCESS NewswireHighlights(Unless otherwise noted, all financial amounts in this news release are expressed in U.S. dollars. IBC is reporting the performance of "continuing operations" at its Copper Alloy division, "discontinued operations" at its Massachusetts facility, and a combination of continuing and discontinued operations.)1Sales of $4.9 million for the quarter improved by 36.6% year-over-year (YOY). Sales rose by 6.8% in the six months ended Dec. 31, 2025, over the comparable prior-year period.IBC reported operating income of $111,000, reversing a YOY loss of $428,000. Adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") of $349,000 compared to ($396,000) in the comparable prior-year period. Gross profit rose 21.7% YOY and gross margin strengthened by 67% YOY in the quarter.On a consolidated basis, operating income and Adjusted EBITDA in the quarter increased year-over-year, driven largely by lower costs in Discontinued Operations (the now shuttered Engineered Materials Division). IBC's consolidated loss of $1.2 million for the six-month period ended December 31, 2025, was lower compared to the same prior-year period, largely due to higher sales revenue in the current period and reduced costs related to the closure of the EM Division's Massachusetts plant. FRANKLIN, IN / ACCESS Newswire / February 27, 2026 / IBC Advanced Alloys Corp. ("IBC" or the "Company") (TSXV:IB)(OTCQB:IAALF) announces its financial results for the quarter ended September 30, 2025.Stronger demand for IBC copper alloy products boosted revenue in the quarter YOY by 36.6% in IBC's Copper Alloys Division. Prior quarters saw softer demand largely due to market uncertainty in the application of the U.S. Government's planned copper tariffs. Now that these tariffs have been implemented, product demand appears to be strengthening. The Division also posted gains in the quarter in operating income, Adjusted EBITDA, gross profit, and gross margin over the comparable prior-year period.Consolidated loss in the quarter of $480,000 narrowed YOY from a loss of $1.4 million in the comparative period, largely driven by higher copper alloys sales revenue and reduced costs at the company's Engineered Materials division, which was closed in 2024."We saw strong signs of demand recovery in our second fiscal quarter almost across the board in copper alloy products, and those gains appear to be continuing into the current quarter," said Mark A. Smith, CEO and Executive Chairman of IBC. "Additionally, we continue to explore opportunities for sales of aluminum-scandium alloys, which we successfully began producing in October 2025. We see that market growing significantly as the prospect of the first-ever domestic scandium production in the U.S. appears increasingly likely to launch in the near future."Selected ResultsUnless otherwise noted, all financial amounts are calculated following IFRS.1SELECTED RESULTS: ($000s) Quarter Ended
12-31-2025Quarter Ended
12-31-2024Six Months Ended
12-31-2025Six Months Ended
12-31-2024CONTINUING OPERATIONSRevenue$4,863$3,561$9,034$8,460Operating income (loss)$111$(428)$44$(654)Net loss$(354)$(1,127)$(927)$(1,779)Adjusted EBITDA$349$(396)$403$(381)Gross Profit$937$562$1,728$1,420Gross Margin19%16%19%17%DISCONTINUED OPERATIONSRevenue$-$-$-$-Operating loss$(107)$(231)$(213)$(707)Net income loss$(126)$(265)$(255)$(828)Adjusted EBITDA$(107)$(230)$(213)$(694)CONSOLIDATED OPERATIONSRevenue$4,863$3,561$9,034$8,460Operating income (loss)$4$(659)$(169)$(1,361)Net income (loss)($480)$(1,392)$(1,182)$(2,607)Adjusted EBITDA$242$(626)$190$(1,075)Full results are available in the Company's financial statements and management's discussion and analysis ("MD&A"), which can be accessed at sedarplus.ca and on the Company's website at https://ibcadvancedalloys.com/investors-center/.For more information on IBC and its innovative alloy products, go here.On Behalf of the Board of Directors:"Mark A. Smith"Mark A. Smith, CEO & Chairman of the BoardCONTACTS:
Mark A. Smith, Chairman of the Board
Jim Sims, Director of Investor and Public Relations
+1 (303) 503-6203
Email: jim.sims@ibcadvancedalloys.com
Website: www.ibcadvancedalloys.comABOUT IBC ADVANCED ALLOYS CORP.IBC is a leading advanced copper alloys manufacturer serving a variety of industries such as defense, aerospace, automotive, telecommunications, precision manufacturing, and others. At its vertically integrated production facility in Franklin, Indiana, IBC manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper, aluminum bronze and aluminum-scandium. The Company's common shares are traded on the TSX Venture Exchange under the symbol "IB" and the OTCQB under the symbol "IAALF".CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTSNeither 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.Certain information contained in this news release may be forward-looking information or forward-looking statements as defined under applicable securities laws. Forward-looking information and forward-looking statements are often, but not always identified by the use of words such as "expect", "anticipate", "believe", "foresee", "could", "estimate", "goal", "intend", "plan", "seek", "will", "may" and "should" and similar expressions or words suggesting future outcomes. This news release includes forward-looking information and statements pertaining to, among other things, the Company's expectation of further growth in revenue and market demand, and the ability of the Copper Alloy division to increase its production capacity, reduce unit costs of production, expand its product portfolio and expand into new markets, the closure of the Engineered Materials division and the expected charge to operations in connection therewith, potential market demand for shaped alloy parts and Al-Sc alloy components, and future copper and scandium alloy market conditions generally. Forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control including: the risk that the Company may not be able to make sufficient payments to retire its debt, the impact of general economic conditions in the areas in which the Company or its customers operate, including the semiconductor manufacturing and oil and gas industries, risks associated with manufacturing activities, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, limited availability of raw materials, fluctuations in commodity prices, imposition of tariffs, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. As a result of these risks and uncertainties, the Company's future results, performance or achievements could differ materially from those expressed in these forward-looking statements. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.Please see "Risk Factors" in our Annual Information Form available under the Company's profile at www.sedarplus.ca , for information on the risks and uncertainties associated with our business. Readers should not place undue reliance on forward-looking information and statements, which speak only as of the date made. The forward-looking information and statements contained in this release represent our expectations as of the date of this release. We disclaim any intention or obligation or undertaking to update or revise any forward-looking information or statements whether as a result of new information, future events or otherwise, except as required under applicable securities laws.1We report non-IFRS measures such as "Adjusted EBITDA". Please see information on this and other non-IFRS measures in the "Non-IFRS Measures" section of this news release and in IBC's MD&A, available on sedarplus.ca.SOURCE: IBC Advanced Alloys Corp.View the original press release on ACCESS NewswireOriginal: IBC Advanced Alloys Reports Financial Results for the Quarter Ended December 2025
CA Market News
3月前
IBC Advanced Alloys Announces Closing of Initial US$1,250,000 Funding by The Lind PartnersFebruary 20, 2026 3:40 PM
ACCESS NewswireFRANKLIN, IN / ACCESS Newswire / February 20, 2026 / IBC Advanced Alloys Corp. ("IBC" or the "Company") (TSXV:IB)(OTCQB:IAALF) announces that it has closed on initial funding under the previously announced convertible security funding agreement (the "Agreement") with Lind Global Fund III, LP, managed by The Lind Partners, LLC, a New York based institutional fund manager (together, the "Investor" or "Lind").Under the Agreement, Lind advanced to the Company US$1,250,000 (C$1,702,125), less a closing fee of US$62,500 (C$85,106.25), in consideration for the issuance to Lind of: (i) an uncertificated convertible security (the "Convertible Security") in the principal amount of US$1,250,000 and having an aggregate face value of US$1,500,000 (C$2,042,550), and (ii) 3,943,948 common share purchase warrants, exercisable for 24-months from the date of issue with an exercise price of C$0.2526. The proceeds from the Convertible Security issuance will be used for working capital and general corporate purposes.Further details of this funding can be found in a news release of the Company dated February 17, 2026.The Agreement and the issuance of the Convertible Security thereunder were conditionally approved by the TSX Venture Exchange on February 17, 2026. The securities issued to Lind are subject to a hold period of four months and one day.This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.For more information on IBC and its innovative alloy products, go here.On Behalf of the Board of Directors:"Mark A. Smith"Mark A. Smith, Chairman of the Board# # #Contact:Mark A. Smith, Chairman of the Board
Jim Sims, Director of Investor and Public Relations
+1 (303) 503-6203
Email: jsims@policycom.comWebsite: www.ibcadvancedalloys.comAbout IBC Advanced Alloys Corp.IBC is a leading advanced copper alloys manufacturer serving a variety of industries such as defense, aerospace, automotive, telecommunications, precision manufacturing, and others. At its vertically integrated production facility in Franklin, Indiana, IBC manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper, and aluminum bronze. The Company's common shares are traded on the TSX-V under the symbol "IB" and the OTCQB under the symbol "IAALF".About The Lind Partners, LLCThe Lind Partners is an institutional fund manager and leading provider of growth capital to small- and mid-cap companies publicly traded in the US, Canada, Australia and the UK. Lind makes direct investments ranging from US$1 to US$30 million, invests in syndicated equity offerings and selectively buys on market. Lind has completed more than 100 direct investments totaling over US$1 Billion in value and has been a flexible and supportive capital partner to investee companies since 2011. For more information, please visit http://www.thelindpartners.com.Cautionary StatementsThe TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release. 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.Certain information contained in this news release may be forward-looking information or forward-looking statements as defined under applicable securities laws. Forward-looking information and forward-looking statements are often, but not always identified by the use of words such as "expect", "anticipate", "believe", "foresee", "could", "estimate", "goal", "intend", "plan", "seek", "will", "may" and "should" and similar expressions or words suggesting future outcomes. This news release includes forward-looking information and statements pertaining to, among other things, the expected use of proceeds. Forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control including: the impact of general economic conditions in the areas in which the Company or its customers operate, including the semiconductor manufacturing and oil and gas industries, risks associated with manufacturing activities, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, limited availability of raw materials, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities, including in connection with any Repayment. As a result of these risks and uncertainties, the Company's future results, performance or achievements could differ materially from those expressed in these forward-looking statements. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.Please see "Risks Factors" in our Annual Information Form available under the Company's profile at www.sedarplus.ca, for information on the risks and uncertainties associated with our business. Readers should not place undue reliance on forward-looking information and statements, which speak only as of the date made. The forward-looking information and statements contained in this release represent our expectations as of the date of this release. We disclaim any intention or obligation or undertaking to update or revise any forward-looking information or statements whether as a result of new information, future events or otherwise, except as required under applicable securities laws.SOURCE: IBC Advanced Alloys Corp.View the original press release on ACCESS NewswireOriginal: IBC Advanced Alloys Announces Closing of Initial US$1,250,000 Funding by The Lind Partners