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 were issued under the company’s rights offering that closed on July 5, 2024. Each warrant entitles the holder to purchase one common share of Scandium Canada at an exercise price of $0.05 until the expiry date. Any warrants not exercised by that time will be cancelled, and no shares will be issued.
The company emphasized that holders must instruct their brokers to exercise the warrants on their behalf, as the process is voluntary and not automatic. Brokers typically require instructions in advance of the expiry date to process exercises. Therefore, holders are encouraged to contact their brokers no later than 3:30 p.m. (Eastern Time) on Monday, July 6, 2026, to ensure timely processing. Holders should also check with their brokers for any specific internal deadlines or procedures.
This reminder is critical for warrant holders who may otherwise miss the opportunity to convert their warrants into shares at a low exercise price. The ability to purchase shares at $0.05 could represent significant value if the company’s stock price is higher, but failure to act could result in the warrants expiring worthless. The announcement underscores the importance of proactive investor action, especially for those who may have overlooked the expiry date.
Scandium Canada is a critical minerals mining and advanced materials company focused on developing the Crater Lake project in Nunavik, Québec, which is projected to be North America’s only primary source of scandium. Through its wholly owned subsidiary Scalium+, the company markets proprietary aluminum-scandium alloys and technologies. The company’s dual-engine strategy aims to secure a North American scandium supply chain for advanced manufacturing applications, including lightweight materials for aerospace, defense, and automotive industries.
The expiry of these warrants could have implications for the company’s capital structure and shareholder base. If a significant number of warrants are exercised, it could increase the number of outstanding shares, potentially diluting existing shareholders but also providing additional capital to the company. Conversely, if many warrants expire unexercised, the company may miss out on potential funding. The outcome will depend on how many holders act before the deadline.
For more information about the warrant exercise process, holders can contact their broker directly. General inquiries may be directed to the company at info@scandium-canada.com. Additional details about Scandium Canada and its projects are available on the company’s website at www.scandium-canada.com.
This announcement serves as a final call for warrant holders to evaluate their positions and take necessary action. The company advises all holders to act promptly to avoid missing the deadline.
