Scandium increases private placement to $564,500

Executive Summary

• Scandium Canada Ltd. upsized its previously announced private placement to raise total gross proceeds of $564,500.
• Units are priced at $0.025 per unit, each comprising one common share and one common share purchase warrant (exercise price $0.05, 24‑month term).
• Net proceeds will be used for general corporate working capital; the offering is expected to close around September 9, 2025.

Key Details

• Upsized Offering Size: Aggregate gross proceeds increased to $564,500 (previously lower).
• Pricing & Structure: Units sold at 2.5 cents per unit; each unit = 1 common share + 1 warrant.
• Warrant Terms: Right to purchase one additional common share at 5 cents per share, exercisable for 24 months from issuance.
• Use of Proceeds: Primarily for general and corporate working capital; no single use exceeds 10 % of gross proceeds.
• Restrictions: Shares underlying the warrants subject to a four‑month‑plus‑one‑day hold period under Canadian securities laws and TSX Venture Exchange policies.
• Closing Timeline: Expected closing on or about September 9, 2025, pending exchange approval.
• No Related Party Payments: Proceeds will not be used for investor relations activities nor paid to non‑arm’s‑length persons.

Notable Quotes

(None provided in the release)