Scandium Canada Ltd. (TSX-V: SCD) announced the grant of 2,100,000 incentive stock options to its board members, officers, and key personnel under the Share Option Plan approved by shareholders at the April 21, 2026 Annual General and Special Meeting. The Options, approved by the Board on April 24, 2026, are exercisable at $0.22 per common share for five years, matching the price of the company's recently completed $17.25 million oversubscribed public offering closed on March 17, 2026. This represents a premium to the company's current trading price, reflecting confidence in Scandium Canada's strategic direction.
The Options were granted to Chairman Jeffrey Swinoga (750,000), independent directors Robert Kitchen, Jean Lafleur, and Cindy Valence (150,000 each), and management including CEO Guy Bourassa, President Pierre Neatby, Chief Scientific Officer Luc Duchesne, CFO Steve Nadeau, CTO Jean-François Magnan, and Director of Communications Arnaud Bourassa Francoeur (150,000 each). The Options vest quarterly over one year: 25% at three, six, nine, and twelve months from grant date. The grant remains subject to TSX Venture Exchange approval.
This broad-based grant aligns the full team with shareholder value creation, particularly as Scandium Canada advances its Crater Lake mining project and aluminum-scandium alloy development. The company aims to become a leading primary scandium producer, addressing demand for lighter, high-performance materials in aerospace, defense, and clean energy sectors. The Options structure incentivizes long-term performance, with the exercise price set at the same level as the recent $17.25 million offering, underscoring management's commitment to growing shareholder equity.
Scandium Canada's strategic focus on scandium supply chain development and Al-Sc alloy commercialization positions it to capitalize on emerging applications in additive manufacturing, automotive lightweighting, and fuel cell technologies. The options grant is a key tool to retain top talent while ensuring leadership interests are aligned with those of shareholders as the company progresses toward production milestones.
