Scandium Canada Ltd. (TSX-V: SCD) has granted 2,100,000 incentive stock options to its board members, management team, and key personnel, following shareholder approval at the Annual General and Special Meeting held on April 21, 2026. The options, approved by the Board of Directors on April 24, 2026, are exercisable at $0.22 per common share for a five-year term, matching the price of the company's recently completed $17.25 million oversubscribed public offering that closed on March 17, 2026. This exercise price represents a meaningful premium to Scandium Canada's current trading price, signaling confidence in the company's future growth.
The grant includes 750,000 options to Chairman of the Board Jeffrey Swinoga, 150,000 options each to independent directors Robert Kitchen, Jean Lafleur, and Cindy Valence, and 150,000 options each to 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. The options vest quarterly over one year, with 25% vesting at three, six, nine, and twelve months from the date of grant, ensuring long-term commitment from the team.
This move is significant for Scandium Canada as it aligns the interests of its leadership with those of shareholders, particularly after the oversubscribed public offering that raised substantial capital. The company is focused on advancing its Crater Lake mining project in Quebec, which aims to become the world's leading primary source of scandium. Scandium is a critical mineral used to produce aluminum-scandium alloys, which are lighter, stronger, and more heat-resistant than traditional aluminum, making them ideal for aerospace, defense, and automotive applications. By securing its management team with performance-linked incentives, Scandium Canada is positioning itself to accelerate the development and commercialization of these advanced materials.
The grant remains subject to final approval from the TSX Venture Exchange, but the company expects to receive it shortly. This announcement underscores Scandium Canada's commitment to building a responsible and innovative economy through scandium production, leveraging its Al-Sc alloy development division and the Crater Lake project to meet growing demand for high-performance, sustainable materials. For more information on the company's activities and risk factors, refer to its disclosure documents on SEDAR+.
