Scandium Canada annonce un placement prive de $500 000

Executive Summary

• Scandium Canada Ltd. announces a broker‑less private placement of 20 million units at $0.025 per unit, targeting gross proceeds of $500,000.
• Each unit consists of one common share and one subscription warrant exercisable at $0.05 per share for up to 24 months.
• Net proceeds will be used primarily for general and administrative working capital; no single use accounts for ≥10 % of the gross proceeds.

Key Details

• Placement Size: $500,000 gross proceeds.
• Units Offered: 20,000,000 units at $0.025 per unit.
• Unit Composition:
• 1 common share of Scandium Canada Ltd.
• 1 subscription warrant (right to purchase one additional common share at $0.05 per share).
• Warrant Terms: Exercisable for a period of 24 months from the issuance date.
• Use of Proceeds: Primarily to fund general and administrative working capital; no individual use exceeds 10 % of gross proceeds.
• Restrictions: Shares underlying the units will be subject to a four‑month‑plus‑one‑day hold‑period under Canadian securities legislation and TSX Venture Exchange lock‑up requirements.
• Closing Date: Expected on or about September 5, 2025, pending TSX Venture Exchange approval.
• Regulatory Notice: The offering is not an offer in the United States and the securities are not registered under U.S. federal securities laws.

Notable Quotes

• “This financing will provide us with the necessary capital to continue advancing our Crater Lake project and Al‑Sc alloy development while maintaining a lean balance sheet,” – Guy Bourassa, Chief Executive Officer.