Scandium Canada Ltd. (TSX-V: SCD) has issued a reminder to holders of its share purchase warrants that the warrants will expire at 5:00 p.m. (Eastern Time) on Wednesday, July 8, 2026. The warrants, originally issued through a rights offering that closed on July 5, 2024, entitle holders to purchase one common share of the company at $0.05 per share until the expiration date. Any warrants not exercised by then will be cancelled, and no shares will be issued.
The company emphasizes that holders must instruct their brokers to exercise the warrants on their behalf, as the process is voluntary and requires advance notice. To ensure timely processing, holders are encouraged to contact their brokers no later than 3:30 p.m. (Eastern Time) on Monday, July 6, 2026. This deadline accounts for internal broker procedures that typically require instructions before the official expiry date.
This announcement carries significant implications for warrant holders, as the exercise price of $0.05 per share may represent a valuable opportunity to acquire shares at a potentially discounted price compared to current market levels. Failure to act could result in the loss of this right, with warrants expiring worthless. The reminder also underscores the company's ongoing efforts to manage its capital structure and provide clarity to investors.
Scandium Canada is a critical minerals mining and advanced materials company focused on developing North America's only primary scandium source at its Crater Lake project in Nunavik, Québec. Through its subsidiary, Scalium+, the company markets proprietary aluminum-scandium alloys and the Scalium® line of products, aiming to establish a secure North American supply chain for scandium. The company's dual-engine strategy combines near-term revenue from alloy sales with long-term development of the Crater Lake mine.
For additional information, holders can visit the company's website at www.scandium-canada.com or contact the company via email. The original press release is available on www.newmediawire.com. This news release contains forward-looking statements based on assumptions and risks detailed in the company's disclosure documents on www.sedarplus.ca.
