IBC is a leading beryllium and copper advanced alloys company serving a variety of industries such as defense, aerospace, automotive, telecommunications, precision manufacturing, and others. IBC’s Copper Alloys Division manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper, and aluminum bronze. IBC’s Engineered Materials Division makes the Beralcast® family of alloys, which can be precision cast and are used in an increasing number of defense, aerospace, and other systems, including the F-35 Joint Strike Fighter. IBC has production facilities in Indiana and Massachusetts.
IBC is traded on the TSX Venture Exchange under the ticker symbol “IB” and on the US-based OTCQB as “IAALF”.
IBC CEO and Board Chairman Mark A. Smith discusses the Company’s financial results for the quarter ended Sept. 30, 2022 in this recorded webcast.
IBC Advanced Alloys makes mission-critical metal alloys that few companies in the world are able to produce. See our latest corporate video about this unique company and our outstanding team members.
IBC has elected to issue common shares in the capital of the Company to holders of its 9.50% unsecured debentures and 8.25% convertible unsecured debentures in satisfaction of up to an aggregate total of approximately C$75,639.49 interest payable to holders of Debentures on September 5, 2023, assuming no further conversions of 8.25% Debentures.
IBC Advanced Alloys Corp. is pleased to announce that certain of the Company’s U.S. subsidiaries have entered into a term loan with Sallyport Commercial Finance, LLC and amendments to existing credit facilities with each of Sallyport and Iron Horse Credit, LLC, resulting in access to US$7,000,000 in additional funding. Following repayment of the outstanding principal owed on the Company’s 9.5% Senior Unsecured Debentures and 8.25% Senior Unsecured Convertible Debentures due on September 5, 2023, the Company expects to have approximately US$4 million available for working capital.
IBC Advanced Alloys announces that, further to a press release dated June 23, 2023, the Company has issued 3,200,000 common shares in the capital of the Company to its directors in consideration for their services to the Company for the period from July 2021 through June 2023.
IBC receives purchase order for its beryllium-aluminum alloy products from a major aerospace defense contractor. The value of the new orders is approximately $3.1 million.
Jim Sims
Director of Investor and Public Relations
Email: [email protected]
Phone: +1 (303) 503-6203
401 Arvin Road
Franklin, IN, USA 46131
Toll Free: (800) 423-5612
T: (317) 738-2558
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