Scandium Canada is pleased to report that it has completed 2,854 m of diamond drilling on its Crater Lake project and that it is currently demobilizing the drilling equipment. The drilling campaign had two main objectives. The first one was to complete geomechanical drilling to determine the optimal angles of the slopes of the proposed open pit design for the pre-feasibility study. It totaled 1,669 m in 6 holes. The [...]
Scandium Canada announces the completion of a second tranche of its previously announced non-brokered private placement of flow-through shares, for additional gross proceeds of $473,000. The second tranche of the Offering consisted of the issuance of 9,460,000 units of the Corporation at a price of $0.05 per Unit. Each Unit consists of one common share of the Corporation that qualifies as "flow-through share" pursuant to [...]
Scandium Canada is pleased to announce that its ongoing private placement, previously announced by news release dated July 12, 2024, has been increased from $100,000 to $1,000,000 due to excess demand. The Corporation now intends to complete a non-brokered private placement offering of up to 6,607,142 units, being 2,857,142 Units at a price of $0.035 per Unit and 22,500,000 Units at a price of $0.04, for total gross [...]
Scandium Canada Ltd. announced on July 8, 2024, that it had closed its previously announced rights offering to the holders of common shares in the capital of the Corporation. The Rights Offering expired at 4:00 p.m. on July 5, 2024. The Corporation issued 30,769,231 units of the Corporation at a subscription price of $0.0325 per Unit for aggregate gross proceeds of $1,000,000. The net proceeds of the Rights Offering will [...]
Scandium Canada Ltd. is pleased to confirm that it has received $1M from its Rights Offering launched on June 3, 2024 and that closed on July 5,,2024 Guy Bourassa, CEO of Scandium Canada, said, "We are pleased with the results of the Offering, a clear demonstration of the interest of Scandium Canada's shareholders in the development of their Company. As we are advancing the development of the main primary source of [...]
Scandium Canada Ltd. confirms that all shareholders that have their shares in a brokerage account, have now received directly in their account, the Rights to subscribe Units of the Corporation. They are referred to as SCD.RT and are listed for trading on the TSX Venture Exchange. Since the exercise of the Rights is done electronically, nobody will contact you and no Subscription form was sent. Please note that if you wish [...]
Scandium Canada Ltd. announces that it has closed a non-brokered private placement for aggregate gross proceeds of $500,000. The Offering consisted of the issuance of 10,000,000 units of the Corporation at a price of $0.05 per Unit. Each Unit consists of one common share of the Corporation that qualifies as "flow-through share" pursuant to subsection 66 of the Income Tax Act, and one-half Common Share purchase warrant [...]
Scandium Canada is pleased to announce the opening of its work camp at its flagship Crater Lake project in northeastern Quebec and the start of the summer 2024 field work program. Crater Lake is the only active primary scandium project globally. The Company has a permanent camp at Crater Lake that is accessible via helicopter or float plane. The camp cook and general handyman arrived on site June 13 to prepare. Staff from [...]
Scandium Canada is pleased to update stakeholders on its effort to establish and support a fully integrated Scandium supply chain, from mining to downstream applications. The company's flagship Crater Lake project in northeastern Quebec is one of the few primary scandium deposits globally. It is expected to address the concerns of manufacturers seeking reliable supplies of scandium before integrating into their value [...]
Scandium Canada announces that it is offering rights to eligible holders of its common shares of record at the close of business on June 10, 2024 . Pursuant to the Rights Offering, each holder of Common Shares resident in a province or territory in Canada will receive one right for each Common Share held. Each whole Right will entitle the holder to subscribe for 0.426614 of a unit. Holders will need to exercise 2.344039 [...]
Scandium Canada is pleased to announce that it has signed a Pre-Development Agreement with the Naskapi Nation of Kawawachikamach concerning the Company's Crater Lake scandium and rare earth projec. This Agreement allows for pre-development activities to be undertaken on the property until a positive feasibility study compliant to NI 43-101 regulation is completed. Guy Bourassa, CEO stated, "I am very glad that we have [...]
Scandium Canada is pleased to announce the formation of a Strategic Advisory Committee. The Strategic Advisory Committee is composed of independent, highly qualified and knowledgeable individuals in the field of scandium, materials and business development. Their advice and suggestions will help guide Scandium Canada as it grows into a leader in its space. "The strength of the Strategic Advisory Committee will greatly [...]
-6,72 %
+500,00 %