MONTREAL, QUEBEC - April 27, 2026 - Scandium Canada Ltd. (TSX-V: SCD) announced the grant of 2,100,000 incentive stock options to its full team of directors, officers and key personnel under the Share Option Plan approved by shareholders at the April 21, 2026 Annual General and Special Meeting. The Options were approved by the Board of Directors on April 24, 2026 and are exercisable at a price of $0.22 per common share for a period of five years from the date of grant. This exercise price matches the price of the Company's recently completed $17.25 million oversubscribed public offering closed on March 17, 2026, and represents a meaningful premium to the Company's current trading price.
The Options were granted as follows: Chairman of the Board Jeffrey Swinoga received 750,000 Options; independent directors Robert Kitchen, Jean Lafleur, and Cindy Valence each received 150,000 Options; and management and key personnel including CEO Guy Bourassa, President and COO Pierre Neatby, Chief Scientific Officer Luc Duchesne, CFO Steve Nadeau, CTO Jean-François Magnan, and Director of Communications and Marketing Arnaud Bourassa Francoeur each received 150,000 Options. The Options vest over one year in four equal tranches at three-month intervals, with full vesting by April 24, 2027. The grant remains subject to approval by the TSX Venture Exchange.
This news matters because it aligns the interests of Scandium Canada's leadership with those of its shareholders at a critical time for the company. The exercise price of $0.22 per share matches the recent oversubscribed public offering price, indicating confidence in the company's valuation and future prospects. By granting options that vest over one year, the company incentivizes its team to drive long-term value creation, particularly as Scandium Canada advances its Crater Lake mining project and its aluminum-scandium alloy development division. Scandium is a critical metal used in lightweight, high-performance materials for aerospace, defense, and clean energy applications, and the company aims to become a primary source of scandium globally. The successful $17.25 million offering underscores investor interest in this strategic resource.
For the industry, this move signals Scandium Canada's commitment to retaining and motivating top talent as it progresses toward production. The development of aluminum-scandium alloys could revolutionize manufacturing by enabling lighter, stronger, and more corrosion-resistant materials, reducing energy consumption and emissions in transportation and infrastructure. The company's focus on sustainability and innovation positions it to meet growing demand for greener materials. For readers, particularly investors and industry observers, the grant reflects a strong vote of confidence from the board and management in the company's trajectory. The premium exercise price relative to current trading suggests that insiders believe the stock is undervalued, potentially signaling future upside. The vesting schedule ensures that key personnel remain focused on milestones over the next year, which could include project updates and strategic partnerships.
Scandium Canada (TSX-V: SCD) is a public company whose ultimate goal is to bring the world's leading primary source of scandium into production. The company is leveraging its Al-Sc alloy development division and the development of its Crater Lake mining project to meet the growing need for lighter, greener, longer-lasting, high-performance materials. The company aims to become a market leader in scandium while committing itself to building a more responsible economy through innovation and agility. Additional information is available on the company's website at www.scandium-canada.com and on SEDAR+ at www.sedarplus.ca.
Forward-looking statements in this release are based on assumptions considered reasonable by the company but are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these statements. The company disclaims any intention to update or revise forward-looking statements except as required by law.
