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Imperial Mining Group Class A ( (TSE:SCD) ) has provided an update.
Scandium Canada Ltd. has successfully closed a non-brokered private placement, raising $564,500 through the issuance of 22,580,000 units. The proceeds will be used for general corporate purposes, with no significant allocation to investor relations or non-arm’s length payments. The offering, which includes common shares and purchase warrants, is subject to a hold period under Canadian securities laws and awaits final approval from the TSX Venture Exchange.
More about Imperial Mining Group Class A
Scandium Canada Ltd. is a public company focused on becoming a leading producer of scandium, primarily through its Crater Lake mining project. The company aims to develop and commercialize aluminum-scandium alloys, targeting the demand for lighter, greener, and high-performance materials.
Average Trading Volume: 944,033
Technical Sentiment Signal: Buy
Current Market Cap: C$11.72M
For a thorough assessment of SCD stock, go to TipRanks’ Stock Analysis page.