Scandium Canada Ltd. (TSX-V: SCD) announced the grant of 2,100,000 incentive stock options to its board members, management team, and key personnel under the Share Option Plan approved by shareholders at the April 21, 2026 Annual General and Special Meeting. The options, approved by the Board on April 24, 2026, are exercisable at $0.22 per share for a five-year period, matching the price of the company's recently completed $17.25 million oversubscribed public offering closed on March 17, 2026.
Chairman Jeffrey Swinoga received 750,000 options, while independent directors Robert Kitchen, Jean Lafleur, and Cindy Valence each received 150,000 options. Management and key personnel, including CEO Guy Bourassa, President and COO Pierre Neatby, Chief Scientific Officer Luc Duchesne, CFO Steve Nadeau, CTO Jean-François Magnan, and Director of Communications and Marketing Arnaud Bourassa Francoeur, each received 150,000 options.
The options vest quarterly over one year, with 25% vesting at three, six, nine, and twelve months from the grant date. The grant is subject to TSX Venture Exchange approval. This move aligns the interests of the company's leadership with shareholders, particularly after the successful capital raise, and incentivizes long-term value creation as Scandium Canada advances its Crater Lake mining project and aluminum-scandium alloy development.
Scandium Canada aims to become the world's leading primary scandium producer, supplying the growing demand for lightweight, high-performance materials in aerospace, defense, and clean energy sectors. The company's focus on scandium, a critical mineral, positions it strategically in the green economy transition.
The option grants reflect confidence in the company's trajectory following the oversubscribed offering, which provided capital to advance the Crater Lake project and alloy commercialization. The exercise price at a premium to current trading underscores the board's commitment to shareholder value.
For more information, visit the company's website at https://www.scandium-canada.com.
