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Imperial Mining Group Class A ( (TSE:SCD) ) just unveiled an update.
Scandium Canada Ltd. has announced amendments to the terms of 17,777,776 warrants issued during a private placement in July 2023. The exercise period for these warrants has been extended by two years to July 7, 2027, and the exercise price has been reduced from $0.14 to $0.085 per common share, pending final approval from the TSX Venture Exchange. This strategic move is likely to impact the company’s financial flexibility and attractiveness to investors, potentially enhancing its position in the scandium market.
More about Imperial Mining Group Class A
Scandium Canada Ltd. is a public company focused on becoming a leading source of scandium, primarily through the development and commercialization of aluminum-scandium (Al-Sc) alloys. The company is leveraging its Al-Sc alloy development subsidiary and the Crater Lake mining project to meet the demand for high-performance materials that are lighter, greener, and longer-lasting.
Average Trading Volume: 289,373
Technical Sentiment Signal: Sell
Current Market Cap: C$4.77M
Learn more about SCD stock on TipRanks’ Stock Analysis page.