Scandium Canada Ltd. (TSX-V: SCD) announced today the grant of 2,100,000 incentive stock options to its full team of directors, officers and key personnel under the company's Share Option Plan, which was approved by shareholders at the April 21, 2026 Annual General and Special Meeting.
The options, approved by the Board of Directors on April 24, 2026, are exercisable at a price of $0.22 per common share for a period of five years from the date of grant. This exercise price matches the price of the company's recently completed $17.25 million oversubscribed public offering that closed on March 17, 2026, and represents a meaningful premium to the company's current trading price, according to the company.
The options were granted to Chairman of the Board Jeffrey Swinoga (750,000 options), independent directors Robert Kitchen, Jean Lafleur and Cindy Valence (150,000 each), and management and key personnel including CEO Guy Bourassa, President and COO Pierre Neatby, Chief Scientific Officer Luc Duchesne, CFO Steve Nadeau, Chief Technology Officer Jean-François Magnan, and Director of Communications and Marketing Arnaud Bourassa Francoeur (150,000 each).
The options vest in four equal tranches: 25% vest three months from the grant date, 25% at six months, 25% at nine months, and the final 25% at twelve months, resulting in full vesting within one year. The grant remains subject to the approval of the TSX Venture Exchange.
Scandium Canada is focused on bringing the world's leading primary source of scandium into production, enabling the development and commercialization of aluminum-scandium (Al-Sc) alloys. The company is leveraging its Al-Sc alloy development division and the development of its Crater Lake mining project to meet the growing need for lighter, greener, longer-lasting, high-performance materials. Further information about the company and its risk factors can be found on the SEDAR+ website at www.sedarplus.ca.
