Scandium Canada Announces a Private Placement of $500,000

Core Viewpoint - Scandium Canada Ltd. plans to complete a non-brokered private placement to raise $500,000 through the issuance of 20,000,000 units at a price of $0.025 per unit, each unit consisting of one common share and one warrant [1][2]. Group 1: Offering Details - The offering will consist of 20,000,000 units priced at $0.025 each, with each unit including one common share and one warrant [1]. - Each warrant allows the holder to purchase one common share at an exercise price of $0.05 for a period of 24 months from issuance [1]. - The net proceeds will primarily be used for general corporate working capital, with no specific use exceeding 10% of the gross proceeds [2]. Group 2: Regulatory and Compliance Information - The securities issued will be subject to a hold period of four months and one day under Canadian securities laws and the policies of the TSX Venture Exchange [3]. - The offering is subject to the approval of the TSX Venture Exchange, with the closing expected around September 5, 2025 [3]. Group 3: Company Overview - Scandium Canada Ltd. aims to become a market leader in scandium production, focusing on the development of aluminum-scandium (Al-Sc) alloys [5]. - The company is leveraging its Crater Lake mining project to meet the increasing demand for high-performance materials that are lighter and more environmentally friendly [5].