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Imperial Mining Group Class A ( (TSE:SCD) ) just unveiled an announcement.
Scandium Canada has arranged a C$10 million bought-deal financing with Research Capital Corporation and a syndicate of underwriters, issuing 45,455,000 units at C$0.22, each comprising one common share and one warrant exercisable at C$0.30 for 30 months. The underwriters also hold an option to purchase up to an additional 6,818,250 units for C$1.5 million, with closing expected around March 17, 2026, subject to customary approvals, including from the TSX Venture Exchange.
The net proceeds will fund project work at the company’s Crater Lake property, advance development and pre-commercialization of its proprietary Al-Sc alloys, and provide general working capital, potentially accelerating its shift from exploration toward commercial applications. The offering, conducted under the listed issuer financing exemption, will make the securities freely tradeable in Canada and includes standard cash commissions and broker warrants for the underwriters, underscoring continued capital-markets support for scandium-focused materials innovation.
More about Imperial Mining Group Class A
Scandium Canada Ltd. is a Montreal-based mining and advanced materials company focused on developing its Crater Lake scandium project and proprietary aluminum-scandium (Al-Sc) alloys. Listed on the TSX Venture Exchange under the symbol SCD, it targets markets that require lightweight, high-strength materials, notably in transportation, aerospace, and clean-technology applications.
Average Trading Volume: 2,332,396
Technical Sentiment Signal: Buy
Current Market Cap: C$102.9M
See more data about SCD stock on TipRanks’ Stock Analysis page.