Scandium Canada Ltd. (TSX-V: SCD) 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 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 expire, be cancelled, and no shares will be issued.
The company emphasized that holders must take action before the deadline. Since the warrants are held through brokerage firms, holders must instruct their brokers to exercise the warrants on their behalf. Because brokerage firms require processing time, holders who wish to exercise should contact their broker no later than 3:30 p.m. (Eastern Time) on Monday, July 6, 2026. The company advised holders to confirm applicable internal deadlines and exercise procedures directly with their broker.
This announcement serves as a critical reminder for warrant holders to act promptly to avoid losing the opportunity to purchase shares at the exercise price. For investors, the expiration of warrants could lead to dilution if exercised, or a reduction in potential future equity if not. The warrants were part of a rights offering that raised capital for the company, which is developing the Crater Lake scandium project in Nunavik, Quebec.
Scandium Canada is positioning itself as a key player in the critical minerals sector. Through its wholly owned subsidiary Scalium+, the company brings proprietary aluminum-scandium alloys to market while advancing the Crater Lake mining project. Scandium is used in advanced manufacturing for lighter, stronger materials, particularly in aerospace and defense. The company’s dual strategy aims to anchor a North American scandium supply chain, which is currently dominated by foreign sources.
The company noted that questions concerning the exercise of warrants should be directed to the holder’s broker, while general inquiries can be sent to the company at info@scandium-canada.com. Forward-looking statements in the release are subject to risks and uncertainties, as detailed in the company’s filings on SEDAR+ at www.sedarplus.ca.
For additional information, contact Scandium Canada Ltd. CEO Guy Bourassa at +1 (418) 580-2320 or visit the company’s website at www.scandium-canada.com. The original press release is available on NewMediaWire.
