Scandium Canada Commence son Programme de Forage au Diamant de 4,000 Metres a Crater Lake

Executive Summary

• Scandium Canada announced the launch of its 2026 diamond drilling program at the Crater Lake scandium project in Nunavik, Quebec, comprising approximately 4,000 meters of drilling.
• The program prioritizes the collection of 8-10 tonnes of representative bulk metallurgical samples across the defined resource to support the upcoming feasibility study, with ~3,000-3,500 meters dedicated to this objective.
• Remaining drilling will focus on extending the open-ended 2025 mineral resource estimate at the TG zone (~500-1,000m) and testing shallow exploration targets at the Discovery zone, while WSP continues environmental assessments for the pre-feasibility study through September 2026.

Key Details

• Total Drilling: Approximately 4,000 meters of diamond drilling planned.
• Bulk Metallurgical Sampling: 75-80% of the program (~3,000-3,500m) dedicated to collecting 8-10 tonnes of bulk samples distributed across the defined resource. Samples will utilize HQ core halves with an assumed ~80% recovery to confirm grades, test metallurgical variability, and assess depth continuity.
• Resource Extension: 15-20% of the drilling budget (~500-1,000m) allocated to exploration drilling targeting the lateral limits of the 2025 mineral resource estimate, which remains open-ended.
• Exploration Drilling: Remaining meters allocated to shallow exploration holes testing targets at the Discovery zone (~750m SSW of the TG zone). Additional extension/exploration drilling may be added later in the season depending on results and budget.
• Timeline & Mobilization: Camp mobilization has been ongoing since late April 2026. Drilling crews and equipment arrive June 20, 2026. Drilling is expected to commence in the coming weeks and continue through the end of August 2026.
• Environmental & Pre-Feasibility Work: WSP will continue environmental assessment activities (flora/fauna inventories, fish habitat surveys, hydrogeological and geochemical studies) from June to September 2026 to support the pre-feasibility study. WSP team arrives June 15, 2026.
• QA/QC & Laboratory Processing: Drill cores will be shipped to the Laurentia core facility for QA/QC standards insertion, then sent to Activation Laboratories (Ancaster, ON) for multi-element geochemical analysis. Mineralized intervals will be selected based on assay results for LIBS scanning and metallurgical testing.
• Results Timeline: Assay results are expected in Fall 2026. The company will provide updates as the program progresses.
• Qualified Person: Eric Kinnan, P.Geo (OGQ #00788), independent consulting geologist, reviewed and approved the technical information.
• Project Context: The Crater Lake project contains a NI 43-101 technical report and updated mineral resource estimate for the TG zone, available on SEDAR+.

Notable Quotes

• Guy Bourassa, CEO: “Avec la mobilisation en cours à Crater Lake, ce programme fait avancer plusieurs priorités à la fois. L’essentiel du forage est consacré au prélèvement d’un échantillon métallurgique en vrac représentatif de l’ensemble la ressource définie, l’intrant clé des travaux métallurgiques requis pour une étude de faisabilité. Nous testerons également les extensions latérales de la zone TG, où le gisement demeure ouvert, et forerons de premières cibles d’exploration sur la zone Discovery. Nous prévoyons un flux soutenu de nouvelles en provenance de Crater Lake à mesure que les résultats deviendront disponibles cet automne.”