Scandium Canada Ltd. (TSX-V: SCD) has issued a reminder to holders of its outstanding share purchase warrants that the warrants will expire at 5:00 p.m. (Eastern Time) on Wednesday, July 8, 2026. The warrants were issued as part of the company’s rights offering that closed on July 5, 2024. Each warrant entitles the holder to purchase one common share of Scandium Canada at a price of $0.05 until the expiration date. Any warrants that remain unexercised after the expiry date will be cancelled and cease to be outstanding, with no shares issued to the holders.
The company emphasizes that the exercise of warrants is voluntary and that holders must take proactive steps to exercise them. Since the warrants are held through brokerage firms, holders must instruct their brokers to exercise on their behalf. To allow sufficient processing time, Scandium Canada urges warrant holders to contact their brokers no later than 3:30 p.m. (Eastern Time) on Monday, July 6, 2026. Holders should check with their brokers for specific internal deadlines and procedures.
This announcement is critical for investors who participated in the 2024 rights offering, as failure to act before the deadline will result in the loss of the right to purchase shares at the discounted exercise price. The company’s stock trades on the TSX Venture Exchange under the symbol SCD, and the warrants were part of a financing round that supported the development of Scandium Canada’s Crater Lake project in Nunavik, Québec, which is positioned as North America’s only primary source of scandium.
Scandium Canada is not only a mining company but also an advanced materials firm through its wholly owned subsidiary, Scalium+. This subsidiary brings proprietary, patent-pending aluminum-scandium alloys and the Scalium® line of alloys and technologies to market. The company’s dual-engine strategy aims to secure a North American scandium supply chain and advance lighter, stronger materials for advanced manufacturing. The exercise of warrants could provide additional capital to support these initiatives.
For general questions, the company can be reached by email at info@scandium-canada.com. Further information about Scandium Canada and its projects is available on its website at www.scandium-canada.com. The original press release is also available on www.newmediawire.com.
This news release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information is based on assumptions and is subject to risks and uncertainties that could cause actual results to differ materially. Although the company believes the expectations reflected in such information are reasonable, undue reliance should not be placed on it. The company undertakes no obligation to update forward-looking information except as required by law. A description of assumptions and risk factors can be found in the company’s disclosure documents on SEDAR+ at www.sedarplus.ca.
