Scandium Canada Welcomes Naskapi Nation Leadership on Access Corridor Initiative in Nunavik

Executive Summary

• Scandium Canada publicly commends the Naskapi Nation of Kawawachikamach for advancing the first phase of the Nuuhchiimiiu Maaskinuw Project, a community-driven assessment to evaluate multi-user access corridor options in Nunavik.
• The Company reaffirms its commitment to community-driven development, emphasizing that infrastructure decisions must involve all First Nations and Inuit sharing the territory.
• The release serves as a non-material administrative and community relations statement; no financial, operational, or corporate governance updates are provided.

Key Details

• Release Date & Issuer: June 17, 2026 – Scandium Canada Ltd. (TSX-V: SCD)
• Naskapi Nation Initiative: Advancement of Phase 1 of the Nuuhchiimiiu Maaskinuw Project, an independent, community-driven assessment grounded in engagement with community members, Elders, land users, and neighbouring Nations to examine environmental, cultural, social, and economic implications.
• Company Position: Scandium Canada supports the Naskapi Nation's leadership and recognizes priorities including environmental stewardship, traditional land use, Indigenous governance, and collaboration.
• Crater Lake Project Engagement: Continues ongoing dialogue with Indigenous communities connected to the Crater Lake project and its hydrometallurgical plant in Schefferville, focusing on building trust, mutual respect, and collaboration.
• Disclaimer/Scope: Explicitly states the Nuuhchiimiiu Maaskinuw Project is independent and does not indicate progress on or approval of infrastructure related to the Crater Lake project.

Notable Quotes

• "We commend the Naskapi Nation of Kawawachikamach for the leadership it is showing with the potential multi-user access corridor of the Nuuhchiimiiu Maaskinuw Project. What matters to us is that the benefits of development reach the people whose land makes it possible. We are deeply committed to a relationship that delivers lasting, shared value to the Naskapi Nation and neighbouring communities." – Guy Bourassa, CEO