Business
Scandium Announces Its Intention To Complete A Shares For Debt Transaction
(TheNewswire) January 6, 2026 – TheNewswire - MONTREAL, QUEBEC – Scandium C...
About this update from Scandium Canada Ltd Class A
[{"type":"text","content":"Scandium Announces Its Intention To Complete A Shares For Debt Transaction\n(TheNewswire)\n\n\nJanuary 6, 2026 – TheNewswire - MONTREAL, QUEBEC – Scandium Canada Ltd.\n(TSX-V: SCD) (the “Company”)\nannounces that on January 6, 2026, it signed a debt settlement\nagreement with an arm’s length creditor for a total amount of\n$84,800 representing a portion of the debt owed to the creditor for\nservices rendered for the Crater Lake project. The Company's\nboard of directors believes that settling this debt through the\nissuance of Shares is in the best interest of the Company, as it\nallows it to preserve cash for its operations, improve its balance\nsheet, and support the overall need to manage its financial resources\nprudently.\n\n\nIn accordance with the terms of the debt settlement\nagreement, the Company intends to settle this debt by issuing 513,939\ncommon shares (the “Shares”) at a price of $0.165 per Share.\nThis debt settlement has been formalized in a written agreement and\nremains subject to the approval of the TSX Venture Exchange. The\nShares issued will be subject to a mandatory hold period of four\nmonths and one day from the date of issue, in accordance with\napplicable securities laws. \n\n\nNo insider of the Company is participating in this\ntransaction. The Company has not entered into any brokerage agreement\nin connection with this debt settlement.\n\n\n \n\n\nABOUT SCANDIUM CANADA LTD.\n\n\n \n\n\nScandium Canada (TSX-V: SCD) is a\npublic company whose ultimate goal is to bring the world's\nleading primary source of scandium into production, enabling the\ndevelopment and commercialization of aluminum-scandium (Al-Sc) alloys.\nThe Corporation is leveraging its Al-Sc alloy development subsidiary\nand the development of its Crater Lake mining project to meet the\ngrowing need for lighter, greener, longer-lasting, high-performance\nmaterials. The Corporation aims to become a market leader in scandium,\nwhile committing itself to building a more responsible economy through\ninnovation and agility.\n\n\n \n\n\nFORWARD-LOOKING STATEMENTS\n\n\nAll statements in this press release\nother than statements of historical fact, including, without\nlimitation, statements regarding the debt settlement, stock exchange\napproval in connection with the issuance of ...