Scandium Announces Its Intention To Complete A Shares For Debt Transaction

Core Viewpoint - Scandium Canada Ltd. has signed a debt settlement agreement for $84,800, which will be settled through the issuance of shares, allowing the company to preserve cash and improve its balance sheet [1][2]. Group 1: Debt Settlement Details - The company will issue 513,939 common shares at a price of $0.165 per share to settle the debt [2]. - The debt settlement is formalized in a written agreement and is subject to approval from the TSX Venture Exchange [2]. - The issued shares will have a mandatory hold period of four months and one day from the date of issue [2]. Group 2: Company Overview - Scandium Canada Ltd. aims to become a leading primary source of scandium, focusing on the development and commercialization of aluminum-scandium (Al-Sc) alloys [4]. - 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 [4]. - Scandium Canada is committed to building a responsible economy through innovation and agility [4].