Scandium Canada Ltd. (TSX-V: SCD) announced the results of its Annual General and Special Meeting of Shareholders held on April 21, 2026, where all resolutions passed with strong majorities. Notably, the company’s slate of six directors—Guy Bourassa, Pierre Neatby, Jeff Swinoga, Robert Kitchen, Jean Lafleur, and newly-appointed Cindy Valence—received unanimous 100% support. Additionally, the reappointment of Raymond Chabot Grant Thornton as auditor was approved with 99.98% approval, and the Share Option Plan and Restricted Share Unit Plan were approved with 93.03% and 94.83% support, respectively.
The company enters the balance of 2026 with approximately $15 million in cash and $6.9 million in confirmed non-dilutive funding from a federal grant under Natural Resources Canada's Global Partnerships Initiative, secured on March 2, 2026. This follows an oversubscribed public offering on March 17, 2026, which raised aggregate gross proceeds of $17,250,046, upsized from an initial $10 million target. The funding fully finances a twelve-month work program built around three defined catalysts: qualification of its two proprietary aluminum-scandium alloys, completion of an independent Preliminary Feasibility Study (PFS) on the TG zone at Crater Lake, and a $5 million drilling campaign.
The alloy qualification campaign, conducted through its Scandium+ division, focuses on supplying powders for L-PBF 3D printing and wires for welding, Wire Arc Additive Manufacturing (WAAM), and advanced manufacturing applications. Milestones will be communicated as each qualification stage is cleared. The PFS, led by Norda Stelo, is in progress with engineering contracts awarded and completion targeted for the end of summer 2026. The drilling campaign, scheduled for the 2026 field season, aims to recover a representative metallurgical sample from the TG zone to support testwork in the first half of 2027.
CEO Guy Bourassa emphasized the company's focus on execution, stating that every dollar is allocated against a defined catalyst. With a fully funded work program and strong shareholder confidence, Scandium Canada is positioned to advance its scandium production and Al-Sc alloy development goals.
