Business
Overwhelming Shareholder Support at 2026 Annual Meeting; Scandium Canada Enters the Year Fully Funded to Advance PFS, Drilling Campaign and Al-Sc Alloys Qualification
Approximately $15 million in cash and $6.9 million in confirmed non-dilutive funding support a twelve-month work program focused on three defined catalysts. Apr
About this update from Scandium Canada Ltd Class A
[{"type":"text","content":"Approximately $15 million in cash and $6.9 million in confirmed non-dilutive funding support a twelve-month work program focused on three defined catalysts. April 22, 2026 – TheNewswire - MONTRÉAL, QUÉBEC – Scandium Canada Ltd. (TSX-V: SCD) (the “Company\") is pleased to announce the voting results from its Annual General and Special Meeting of Shareholders (the \"Meeting\"), held on April 21, 2026. All resolutions submitted to the vote were approved by strong majorities, including unanimous (100%) support for the Company's slate of six directors: Guy Bourassa, Pierre Neatby, Jeff Swinoga, Robert Kitchen, Jean Lafleur, and the newly-appointed Director Cindy Valence, in a show of strong support for the Company's management team. A total of 71,044,186 common shares were represented at the Meeting, representing 18.48% of the Company's issued and outstanding shares. The Company enters the balance of 2026 with approximately $15 million in cash and $6.9 million in confirmed non-dilutive Canadian government funding, financing a work program built around three distinct workstreams over the next twelve months: Qualification of its two proprietary aluminum-scandium alloys; Completion of an independent Preliminary Feasibility Study (\"PFS\") on the TG zone at Crater Lake; A $5M drilling campaign designed to secure a representative metallurgical sample. Meeting Results - Highlights Election of Directors All six nominees on the Company's slate were elected with 100% of votes cast in favour: Guy Bourassa — 100.00% Robert Kitchen — 100.00% Jean Lafleur — 100.00% Pierre Neatby — 100.00% Jeffrey Anthony Swinoga — 100.00% Cindy Valence — 100.00% Appointment of Auditors Raymond Chabot Grant Thornton was re-appointed as the Company's auditor with 99.98% approval. Share Option Plan The Company's Share Option Plan was approved by shareholders with 93.03% support. Restricted Share Unit Plan The Company's Restricted Share Unit Plan was approved by shareholders with 94.83% support. Following the Meeting, Jeff Swinoga continues as Chairman of the Board and Guy Bourassa as Chief Executive Officer. Financial Position Scandium Canada closed an oversubscribed public offering on March 17, 2026 for aggregate gross proceeds of $17,250,046, upsized from an initial target of $10 million. On March 2, 2026, the ...