Scandium Canada Closes Offering, Strengthens Capital

Imperial Mining Group Ltd. Class A (TSE:SCD) has released an update.

Scandium Canada Ltd. has successfully completed its Rights Offering, raising $1 million through the support of its shareholders, who demonstrated their confidence in the company’s development of a major scandium source. The offering, which concluded on July 5, 2024, resulted in the issuance of over 30 million new shares and an equal number of share purchase warrants, with each warrant allowing the purchase of one common share at $0.05 within the next 24 months.

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