Scandium Canada Ltd. (TSX-V: SCD) today reminded 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 under the company's rights offering that closed on July 5, 2024. Each warrant entitles the holder to purchase one common share of the company at a price of $0.05 until the expiry date. Any warrants not exercised by that time will be cancelled, and no shares will be issued.
Because the warrants are held through brokerage firms, holders must instruct their brokers to exercise on their behalf. To allow processing time, the company recommends that holders contact their broker no later than 3:30 p.m. (Eastern Time) on Monday, July 6, 2026. Each brokerage may have its own internal deadlines, so holders are advised to confirm the specific procedures and cutoff times with their broker directly.
This announcement matters because the warrants represent a potential source of equity financing for Scandium Canada, which is developing the Crater Lake scandium project in Nunavik, Québec. Scandium is a critical mineral used in advanced alloys for aerospace, defense, and clean energy technologies. The company also commercializes aluminum-scandium alloys through its subsidiary Scalium+. If a significant number of warrants are exercised, the company will receive additional funds to advance its mining and commercialization plans. Conversely, unexercised warrants expire worthless, removing that potential capital.
The exercise price of $0.05 per share is notably low compared to typical equity financings, offering warrant holders a chance to acquire shares at a discount if the market price is higher. However, the deadline creates urgency: holders must act promptly to avoid losing the opportunity. The company's forward-looking statements caution that actual results may differ due to risks outlined in its filings on SEDAR+.
Holders with questions should contact their broker. General inquiries can be directed to the company via email at info@scandium-canada.com. More information about Scandium Canada and its projects is available at www.scandium-canada.com.
