Scandium Canada arranges $500,000 private placement

Executive Summary

• Scandium Canada Ltd. announced a non‑brokered private placement of $500,000.
• The offering consists of 20 million units at C$0.025 per unit; each unit includes one common share and one warrant to purchase an additional share at C$0.05 for 24 months.
• Net proceeds will be used for general corporate working capital; no single use exceeds 10 % of gross proceeds.

Key Details

• Units Offered: 20,000,000 units @ C$0.025 per unit = $500,000 gross proceeds.
• Unit Composition: 1 common share + 1 common share purchase warrant.
• Warrant Terms: Exercise price C$0.05 per share; exercisable for 24 months from issuance date.
• Use of Proceeds: Primarily general and corporate working capital; no specific use ≥10 % of gross proceeds.
• Restrictions: Shares and underlying warrants subject to a hold period of four months and one day under Canadian securities laws and TSX Venture Exchange policies.
• Closing Date: Expected on or about September 5, 2025, pending exchange approval.

Notable Quotes

(No executive quotes were provided in the release.)