Scandium Canada Ltd. (TSX-V: SCD) issued a reminder to 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 as part of 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 a price of $0.05 until the Expiry Date. Any warrants that remain unexercised after this date will be cancelled and cease to be outstanding, with no shares issued to the holders.
The company emphasized that since the warrants are held through brokerage firms, holders must instruct their brokers to exercise on their behalf. Due to processing requirements, brokerage firms typically need instructions well in advance of the Expiry Date. Therefore, Scandium Canada encourages holders to contact their broker no later than 3:30 p.m. (Eastern Time) on Monday, July 6, 2026, to ensure timely exercise. Holders should verify their broker's specific internal deadlines and procedures directly.
This expiration event is significant for warrant holders as it represents a final opportunity to acquire shares at a fixed price of $0.05, which may be below the current trading price. Exercising the warrants could provide immediate equity upside. However, failure to act by the deadline will result in the warrants becoming worthless.
Scandium Canada is a critical minerals mining and advanced materials company focused on developing North America's only primary source of scandium at its Crater Lake project in Nunavik, Québec. Through its wholly owned subsidiary Scalium+, the company commercializes proprietary aluminum-scandium alloys and technologies. The company's dual-engine strategy aims to secure a North American scandium supply chain while advancing lightweight, high-performance materials for advanced manufacturing.
For general inquiries, the company can be contacted via email at info@scandium-canada.com. Additional information is available on the company's website and through its disclosure documents on SEDAR+. This reminder underscores the importance for warrant holders to act promptly to realize the value of their investments before the expiration deadline.
