Scandium Canada Announces $10 Million Bought Deal Life Offering of Units

Core Viewpoint - Scandium Canada Ltd. has announced a bought deal financing agreement to raise C$10,000,100 through the sale of 45,455,000 units, with each unit priced at C$0.22 [1][3]. Financing Details - Each unit consists of one common share and one common share purchase warrant, allowing the holder to acquire an additional common share at C$0.30 for 30 months [2]. - The underwriters have an option to sell an additional 6,818,250 units for up to C$1,500,015 in gross proceeds [3]. - The offering is expected to close around March 17, 2026, subject to necessary approvals [6]. Use of Proceeds - The net proceeds will be allocated to project expenditures on the Crater Lake project, development of proprietary Al Sc alloys, and general corporate purposes [4]. Regulatory Compliance - The offering will be conducted under the "listed issuer financing exemption" and is expected to be freely tradable under Canadian securities legislation [5]. - The securities may also be offered in the U.S. and other jurisdictions under applicable laws [5]. Company Overview - Scandium Canada Ltd. aims to become a market leader in scandium production, focusing on the development of aluminum-scandium alloys to meet the demand for high-performance materials [10].