Scandium Canada Ltd. (TSX-V: SCD) announced the grant of 2,100,000 incentive stock options to its directors, officers, and key personnel, approved under the Share Option Plan at the April 21, 2026 Annual General and Special Meeting. The options were granted at a meeting of the Board of Directors on April 24, 2026, and are exercisable at $0.22 per common share for five years. The exercise price matches the price of the company's recently completed $17.25 million oversubscribed public offering closed on March 17, 2026, representing a premium to the current trading price.
The options were granted to Chairman Jeffrey Swinoga (750,000), independent directors Robert Kitchen, Jean Lafleur, and Cindy Valence (150,000 each), and management including CEO Guy Bourassa, President Pierre Neatby, and other key personnel (150,000 each). Vesting occurs quarterly over one year: 25% 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 board and management with shareholders, incentivizing long-term value creation. Scandium Canada, which aims to become the world's leading primary scandium producer, is developing the Crater Lake project and advancing aluminum-scandium alloys. The company's recent $17.25 million offering underscores investor confidence, and the option grant reinforces commitment to project milestones.
Scandium is critical for lightweight, high-strength alloys used in aerospace and defense, and the company's progress could position it as a key supplier. The option grant, with a strike price above the current trading price, signals management's belief in future appreciation.
For more information, visit the company's website at www.scandium-canada.com or its disclosure documents on SEDAR+.
