Montreal, Quebec — March 4, 2026 — Leads & Copy —
Scandium Canada Ltée (TSXV: SCD) has announced an amendment to its agreement with Research Capital Corporation (RCC) to increase the size of its previously announced bought deal financing due to strong investor demand. The firm placement will see the Underwriters purchase 68,182,000 units of the company at a price of CA$0.22 per unit, resulting in gross proceeds of CA$15,000,040 for Scandium Canada.
Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to acquire one common share at a price of CA$0.30 per share for a period of 30 months from the closing date.
Scandium Canada has granted the Underwriters an option to sell up to 10,227,300 additional units on the same terms, potentially generating additional gross proceeds of up to CA$2,250,006. This option is exercisable in whole or in part up to 48 hours before the closing date. The placement will be conducted under the terms of an underwriting agreement between Scandium Canada and the Underwriters.
The net proceeds from the sale of the units will be used for project expenditures and work related to the Crater Lake project, development and pre-commercialization work on the company’s proprietary Al-Sc alloys, and general corporate and working capital purposes.
The units will be issued under the “listed issuer financing exemption” as provided for in the coordinated decision 45-935. The offering document is available under the company’s issuer profile on SEDAR+ at www.sedarplus.ca, and on the company’s website.
Closing of the placement is expected to occur around March 17, 2026, or another date agreed upon by Scandium Canada and the Underwriters. The completion of the placement is subject to customary closing conditions, including the receipt of all required approvals, including the approval of the TSX Venture Exchange.
As compensation for their services, Scandium Canada has agreed to pay the Underwriters a cash commission of up to 6% of the gross proceeds of the placement, including proceeds from any exercise of the Underwriters’ Option. The company will also issue the Underwriters non-transferable warrants representing up to 6% of the number of units sold under the placement. Each Underwriter Warrant will entitle the holder to acquire one common share at an exercise price of CA$0.22 for a period of 30 months following the closing date.
Scandium Canada (TSXV: SCD) aims to bring into production the world’s primary source of scandium, to enable the development and commercialization of aluminum-scandium (Al-Sc) alloys. The company intends to address the growing demand for lighter, greener, more durable and better performing materials. Scandium Canada is focused on its Al-Sc alloy development subsidiary and the development of its Crater Lake mining project.
Source: Scandium Canada
