Scandium Canada Ltd. (TSX-V: SCD) issued a reminder to holders of its share purchase warrants that the warrants will expire on July 8, 2026, at 5:00 p.m. Eastern Time. The warrants were issued as part of a rights offering that closed on July 5, 2024. Each warrant entitles the holder to purchase one common share of the company at $0.05 until the expiry date. Any warrants not exercised by the deadline will be cancelled, and holders will receive no shares.
The company emphasized that warrant holders must act promptly, as brokerage firms require instructions in advance. Holders should instruct their brokers no later than 3:30 p.m. Eastern Time on Monday, July 6, 2026, to ensure the exercise is processed before the final expiry. The warrants are held through brokerage firms, so holders must contact their brokers directly to confirm internal deadlines and exercise procedures.
This announcement is important for investors because failing to exercise warrants by the deadline means losing the opportunity to buy shares at a predetermined price of $0.05, which could be below the market value. The expiry also impacts the company's capital structure, as unexercised warrants reduce potential equity financing. Scandium Canada is developing the Crater Lake project in Quebec, which is North America's only primary scandium source, and has a commercialization subsidiary, Scalium+, that markets aluminum-scandium alloys. The company's dual strategy aims to secure a domestic scandium supply chain for advanced manufacturing.
Holders with questions should contact their brokers. General inquiries can be directed to the company at info@scandium-canada.com. More information is available on the company's website at https://www.scandium-canada.com.
Forward-looking statements in this release are subject to risks and uncertainties. The company assumes no obligation to update them except as required by law. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
