Scandium Canada Announces Convertible Debenture Offering - TipRanks.com

Imperial Mining Group Ltd. Class A ( (TSE:SCD) ) has provided an announcement.

Scandium Canada Ltd. has announced a non-brokered private placement of unsecured convertible debentures, aiming to raise up to $750,000. The proceeds will primarily support general administrative expenses and the development of aluminum-scandium powder. The offering is subject to final approval by the TSX Venture Exchange, and the company may increase the offering size by 20% depending on market conditions.

More about Imperial Mining Group Ltd. Class A

Scandium Canada Ltd. is a public company focused on becoming the leading primary source of scandium globally. The company aims to develop and commercialize aluminum-scandium alloys, leveraging its Al-Sc alloy development subsidiary and the Crater Lake mining project.

Average Trading Volume: 279,873

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$6.25M

Find detailed analytics on SCD stock on TipRanks’ Stock Analysis page.