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The latest announcement is out from Imperial Mining Group Class A ( (TSE:SCD) ).
Scandium Canada Ltd. announced the closing of a non-brokered private placement, raising $564,500 through the issuance of 22,580,000 units at $0.025 per unit. The proceeds will primarily be used for general corporate purposes, with no significant allocation to investor relations or non-arm’s length payments. The offering is subject to a hold period under Canadian securities laws and awaits final approval from the TSX Venture Exchange, reflecting the company’s strategic financial maneuvers to support its operations and market positioning.
More about Imperial Mining Group Class A
Scandium Canada Ltd. is a public company focused on becoming the leading primary source of scandium, aiming to develop and commercialize aluminum-scandium alloys. The company is leveraging its subsidiary for Al-Sc alloy development and the Crater Lake mining project to meet the demand for high-performance materials, positioning itself as a market leader in scandium while promoting a responsible economy through innovation.
Average Trading Volume: 944,033
Technical Sentiment Signal: Buy
Current Market Cap: C$11.72M
See more data about SCD stock on TipRanks’ Stock Analysis page.