Imperial Mining Group Ltd. Class A ( (TSE:SCD) ) just unveiled an update.
Scandium Canada Ltd. has announced the closing of the first tranche of its non-brokered private placement, raising $410,000 through unsecured loan agreements. The proceeds will be used primarily for administrative expenses and the development of aluminum-scandium powders. The company plans to close subsequent tranches to raise a total of $750,000, which will further support its strategic initiatives in the scandium market.
More about Imperial Mining Group Ltd. Class A
Scandium Canada Ltd. is a public company focused on becoming a leading source of scandium and advancing the development and commercialization of aluminum-scandium alloys. The company aims to meet the demand for high-performance materials through its Al-Sc alloy development subsidiary and the Crater Lake mining project, with a commitment to innovation and sustainable economic practices.
YTD Price Performance: -25.00%
Average Trading Volume: 242,679
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$4.69M
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