Scandium Canada Ltd. (TSX-V: SCD) is reminding 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 its holder to purchase one common share of the company at a price of $0.05 until the expiry date. Any warrants that remain unexercised after the expiry date will be cancelled and no shares will be issued.
The company emphasized that holders must act promptly, as brokerage firms require instructions in advance of the expiry date to process exercises. Holders wishing to exercise their warrants are encouraged to contact their broker no later than 3:30 p.m. (Eastern Time) on Monday, July 6, 2026. This deadline is critical because the warrants are held through brokerage accounts, and the exercise is voluntary—holders must instruct their brokers to exercise on their behalf.
The expiry of these warrants represents a key event for Scandium Canada, which is developing the Crater Lake project in Nunavik, Québec—North America’s only primary source of scandium. The company also operates through its wholly owned subsidiary Scalium+, which brings proprietary aluminum-scandium alloys to market. This dual-engine strategy positions Scandium Canada to anchor a secure North American scandium supply chain, which is increasingly important as demand grows for lighter, stronger, and longer-lasting materials in advanced manufacturing.
For warrant holders, the decision to exercise is a financial one: each warrant allows the purchase of a share at $0.05, a price that may be attractive depending on the current market value of the company’s shares. However, if the market price is below the exercise price, holders may choose not to exercise. The company’s forward-looking statements caution that actual results could differ materially from expectations due to risks and uncertainties, including those described in its disclosure documents on SEDAR+.
The impact of this warrant expiry extends beyond individual holders. If a significant number of warrants are exercised, the company will receive additional capital, which could be used to advance its Crater Lake project and commercialization efforts. Conversely, if few warrants are exercised, the company may need to seek alternative financing. The outcome will be closely watched by investors and industry observers as a signal of market confidence in Scandium Canada’s strategy.
Holders with questions about the exercise process should contact their broker directly. General inquiries may be directed to the company via email at info@scandium-canada.com. More information is available on the company’s website at www.scandium-canada.com.
This news matters because it highlights a critical deadline for warrant holders that could affect the company’s capital structure and its ability to develop a strategic mineral supply chain. As the only primary scandium source in North America, Scandium Canada’s progress has implications for advanced manufacturing sectors that rely on scandium-aluminum alloys for aerospace, defense, and other high-performance applications. The decision by warrant holders will provide insight into investor sentiment toward the company’s long-term prospects.
