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Scandium Canada Announces Closing of $17.3 Million Bought Deal Life Offering, Including Full Exercise of Over-Allotment Option
Thenewswire· 2026-03-17 15:55
Core Viewpoint - Scandium Canada Ltd. successfully closed a private offering, raising C$17,250,046 through the issuance of 78,409,300 units at C$0.22 per unit, including the full exercise of the over-allotment option [1][2]. Group 1: Offering Details - The offering was led by Research Capital Corporation as the lead underwriter, along with a syndicate of underwriters including Red Cloud Securities Inc. [2] - Each unit consists of one common share and one common share purchase warrant, with each warrant allowing the purchase of one common share at C$0.30 until September 17, 2028 [3]. - The offering utilized the "listed issuer financing exemption" under Canadian securities laws, allowing for the issuance without a statutory hold period [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to project expenditures on the Crater Lake project, development of proprietary Al Sc alloys, and general corporate and working capital purposes [5]. Group 3: Underwriter Compensation - The underwriters received cash commissions totaling C$1,023,122.76 and 4,650,558 non-transferable common share purchase warrants, which can be exercised at C$0.22 until September 17, 2028 [6]. Group 4: Company Overview - Scandium Canada Ltd. aims to become a market leader in scandium production, focusing on the development and commercialization of aluminum-scandium alloys to meet the demand for high-performance materials [11].
Scandium Canada Clarifies Its February 11, 2026 Press Release
Thenewswire· 2026-03-13 20:30
Core Viewpoint - Scandium Canada Ltd. clarifies that the target production of 91 tonnes per year of scandium oxide from the Crater Lake Project is a management estimate based on a pre-feasibility study and not derived from an economic study or technical report [2][3] 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 to meet the demand for high-performance materials [5] - The company is leveraging its Al-Sc alloy development subsidiary and the Crater Lake mining project to address the growing need for lighter and greener materials [5] Market Potential - Management believes that a new scandium supply source with a capacity of nearly 91 tonnes per year could be justified based on market analysis, particularly for applications in 3D printing and welding wire [2][3]
Scandium Canada Announces Upsize of Bought Deal LIFE Offering of Units to $15 Million
TMX Newsfile· 2026-03-04 13:00
Core Viewpoint - Scandium Canada Ltd. has announced an increase in its bought-deal offering due to strong investor demand, aiming to raise a total of C$15,000,040 by selling 68,182,000 units at C$0.22 each [1]. Group 1: Offering Details - Each unit consists of one common share and one common share purchase warrant, allowing the holder to acquire an additional share at C$0.30 for 30 months [2]. - The underwriters have an option to sell up to an additional 10,227,300 units for gross proceeds of up to C$2,250,006 [3]. - The offering is expected to close around March 17, 2026, subject to necessary approvals [6]. Group 2: Use of Proceeds - The net proceeds will be allocated for project expenditures on the Crater Lake project, development of proprietary Al Sc alloys, and general corporate purposes [4]. Group 3: Regulatory and Compliance Information - 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]. Group 4: 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].
Scandium International Mining Announces Grant of Options
TMX Newsfile· 2026-03-02 22:00
Core Viewpoint - Scandium International Mining Corp. has granted incentive stock options to purchase up to 11,500,000 common shares at a price of C$0.09 per share, marking the first option grant since November 2023 [1]. Group 1 - The stock options were granted on February 25, 2026, to directors, officers, employees, and consultants [1]. - The options will vest immediately and are part of the company's Omnibus Equity Incentive Plan [1]. - The total number of options granted is significant, indicating the company's commitment to incentivizing its key personnel [1].
Scandium Canada Invites Investors to Meet Management at PDAC 2026
TMX Newsfile· 2026-02-25 18:00
Core Viewpoint - Scandium Canada Ltd. is participating in the 2026 PDAC International Convention, highlighting its advancements in the Crater Lake project and its commitment to the development of aluminum-scandium alloys [1][4]. Group 1: Event Participation - Scandium Canada will participate in the PDAC 2026 International Convention from March 1-4, 2026, at the Metro Toronto Convention Centre [1]. - The company will be featured in the Québec Day panel discussing the advantages for mining investment in Québec's Northern Territory, with CEO Guy Bourassa as a panelist [2]. Group 2: Management Engagement - The management team of Scandium Canada will be available throughout the convention for meetings with current and prospective investors [3]. Group 3: Company Goals and Innovations - Scandium Canada aims to become a market leader in scandium by bringing the world's leading primary source of scandium into production, focusing on the development and commercialization of aluminum-scandium (Al-Sc) alloys [5]. - The company is committed to building a more responsible economy through innovation and agility, addressing the growing need for lighter, greener, and high-performance materials [5].
Scandium Canada Announces that Mr. Jeff Swinoga has Joined its Board of Directors as Chairman
Thenewswire· 2026-02-04 13:15
Core Viewpoint - Scandium Canada Ltd. announces the return of Jeff Swinoga as Chairman of the Board, highlighting his extensive experience and previous contributions to the company and its Crater Lake project [1][4]. 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 [5]. - The company is leveraging its Crater Lake mining project and its Al-Sc alloy development subsidiary to meet the increasing demand for high-performance materials that are lighter and more environmentally friendly [5]. Leadership Experience - Jeff Swinoga brings over 25 years of experience in capital markets, project advancement, and mine construction, having successfully guided companies from exploration to commercial production [2]. - His previous roles include Chief Financial Officer at Torex Gold Resources, where he led a US$400 million financing for a gold mine, and at HudBay Minerals, contributing to its growth to a market capitalization exceeding $2 billion [3]. Strategic Vision - Swinoga expresses confidence in the potential of the Crater Lake project and the strategic vision of the management team, indicating his commitment to support the company through its next critical phase toward production [4]. - The CEO of Scandium Canada emphasizes that Swinoga's deep knowledge of the project and extensive experience in financing and development will be invaluable for advancing the Crater Lake project and the development of Al-Sc alloys [4].
Scandium Canada Announces Its Intention To Complete A Shares For Debt Transaction
Thenewswire· 2026-01-06 20:50
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, in compliance with securities laws [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 Al-Sc alloy development subsidiary and the Crater Lake mining project to meet the demand for high-performance materials [4]. - Scandium Canada is committed to building a responsible economy through innovation and agility [4].
Scandium International Mining Announces Exercise of Options by Chief Executive Officer and Chief Financial Officer
Newsfile· 2025-10-24 11:30
Core Points - Scandium International Mining Corp. announced that both the CEO Peter Evensen and CFO R. Christian Evensen exercised 400,000 options each at a price of C$0.14 [1] - Following these transactions, the Evensen family collectively owns 78,932,092 shares, which represents approximately 22.2% of the outstanding shares [2] Company Information - The company is based in Reno, Nevada and trades on TSXV under the ticker SCY and OTC Pink under SCYYF [1] - The shares owned by the Evensen family are held individually and through Scandium Investments Ltd, which is fully owned by family members [2]
Scandium Canada Announces Closing of Private Placements of $564,500
Thenewswire· 2025-09-12 18:10
Company Overview - Scandium Canada Ltd. aims to become a market leader in scandium production, focusing on the development and commercialization of aluminum-scandium (Al-Sc) alloys [5] - The company is leveraging its Crater Lake mining project to meet the increasing demand for lighter, greener, and high-performance materials [5] Private Placement Details - The company closed a non-brokered private placement, raising gross proceeds of $564,500 through the issuance of 22,580,000 units at a price of $0.025 per unit [1][2] - Each unit consists of one common share and one warrant, with each warrant allowing the purchase of one common share at an exercise price of $0.05 for 24 months [1] Use of Proceeds - The net proceeds from the offering will primarily be used for general corporate working capital purposes, with no specific use exceeding 10% of the gross proceeds [2] - No proceeds will be allocated for investor relations or payments to non-arm's length persons [2] Finder's Fees and Warrants - Finder's fees totaling $11,760 were paid to an arm's length finder, and 350,000 brokers' warrants were issued, allowing the acquisition of one common share at a price of $0.05 for 24 months [3] Regulatory Compliance - The securities issued are subject to a hold period of four months and one day under Canadian securities laws and require final approval from the TSX Venture Exchange [3]
The Naskapi Nation of Kawawachikamach invests in Scandium Canada
Thenewswire· 2025-07-15 12:20
Core Viewpoint - Scandium Canada Ltd. has successfully closed a non-brokered private placement of $334,000 with the Taasipitaakin Trust, controlled by the Naskapi Nation, to support the development of the Crater Lake project, the only primary source of scandium currently under development globally [1][2][3] Investment Details - The Taasipitaakin Trust subscribed to 16,700,000 units at a price of $0.02 per unit, with each unit consisting of one common share and one purchase warrant [1] - Each warrant allows the holder to purchase one common share at an exercise price of $0.05 for 24 months [1] Strategic Importance - This investment is part of a strategic growth initiative and aims to strengthen the relationship between Scandium Canada and the Naskapi Nation, contributing to the sustainable development of the Crater Lake project [2][3] - The investment represents a 5% ownership stake in Scandium Canada for the Taasipitaakin Trust, reflecting a commitment to responsible and inclusive development [3][4] Community Engagement - The Naskapi Nation emphasizes a diversified approach to participation in the mining industry, seeking to ensure that any future mining activities are acceptable to the community [4] - A Pre-development Agreement was signed on April 22, 2024, establishing a foundation for a long-term relationship based on trust and respect [6] Use of Proceeds - The net proceeds from the offering will primarily be used for general corporate working capital, with no specific use exceeding 10% of the gross proceeds [2] - No proceeds will be allocated for investor relations or payments to non-arm's length persons [2] Regulatory Compliance - The securities issued are subject to a hold period of four months and one day under Canadian securities laws, pending final approval from the TSX Venture Exchange [7]