Scandium Canada Closes Private Placement for $564,500

September 12, 2025 — Leads & Copy — Scandium Canada Ltée (TSX-V: SCD) has announced the closing of a non-brokered private placement, raising a total of $564,500. The placement involved the issuance of 22,580,000 units at a price of $0.025 per unit, with each unit consisting of one common share and one warrant. Each warrant allows the holder to acquire one common share at a price of $0.05 for a period of 24 months.

The net proceeds from the sale of the units will be used by the company for general and administrative expenses. Finder's fees totaling $11,760.00 were paid to arm's length parties, and 350,000 compensation warrants were issued, each entitling the holder to acquire one common share at $0.05 for 24 months.

The securities issued are subject to a four-month and one-day restriction period under Canadian securities laws and are also subject to the policies of the TSX Venture Exchange. Final approval of the placement is pending from the Exchange.

Scandium Canada aims to become a market leader in scandium, focusing on the development and commercialization of aluminum-scandium alloys and its Crater Lake mining project.

Guy Bourassa, Chief Executive Officer, can be reached at +1 (418) 580-2320 or info@scandium-canada.com.

Source: Scandium Canada Ltée