Scandium Canada Ltd. expects to close its non-brokered private placement today, August 20, 2026.
The offering aims to raise aggregate gross proceeds of up to C$5,000,000. The company is issuing up to 25,000,000 charity flow-through units. Each unit is priced at $0.20. Each unit includes one common share and one common share purchase warrant.
Proceeds will fund exploration at the Crater Lake Project in Nunavik, Québec. The work program includes diamond drilling and environmental sample collection. The offering remains subject to regulatory approvals from the TSX Venture Exchange.