Scandium Canada presents its annual review

Executive Summary

• Scandium Canada Ltd. released its annual review highlighting significant technical, industrial, and strategic progress at its Crater Lake project and in its new Scandium+ division.
• The company announced a strategic investment by the Naskapi Nation of Kawawachikamach, strengthening community relations and validating the social license for the Crater Lake project.
• Key technical milestones include the publication of a new NI 43-101 mineral resource estimate for the TG Zone, successful completion of a 500 kg metallurgical pilot test, and planning for a pre-feasibility study.

Key Details

• Strategic Investment: The Naskapi Nation of Kawawachikach made a strategic investment in Scandium Canada, following presentations of the Crater Lake project and discussions on community priorities and long-term benefits.
• Mineral Resource Estimate: A new NI 43-101 mineral resource estimate was published for the TG Zone of the Crater Lake project, confirming the deposit's size and potential. The deposit remains open in all directions.
• Metallurgical Testing: A 500 kg metallurgical pilot test was successfully completed, validating the process and reducing technical risk.
• Pre-Feasibility Study Planning: The company is reviewing and improving transportation logistics and potential locations for a hydrometallurgical plant in the Schefferville area, along with access road planning, to support the completion of a pre-feasibility study.
• Scandium+ Division Launch: A new division was established to commercialize exclusive, patent-pending aluminum-scandium (Al-Sc) alloys. Focus areas include R&D on Al-Sc powders for additive manufacturing (3D printing), market identification with Productique Québec and the National Research Council of Canada, and engagement with aerospace, automotive, and advanced manufacturing sectors.
• International Outreach: The company participated in Quebec's economic mission to Asia to promote Quebec scandium, explore commercial partnerships, and integrate into global supply chains.
• Community Engagement: A delegation visited the Naskapi community of Kawawachikamach in June to present the project vision, leading to the strategic investment and strengthened dialogue on responsible development.

Notable Quotes

• "The past year has been pivotal in advancing several of Scandium Canada's initiatives. We have laid important groundwork both technically and industrially, while strengthening our community roots and our position in the aluminum-scandium alloy value chain. The combination of a world-class asset such as the TG Zone at the Crater Lake Project, North America's largest primary source of scandium, high value-added aluminum-scandium alloys, and strong strategic partnerships puts us in an enviable position to support the transition to lighter, higher-performance, and more sustainable materials." — Guy Bourassa, Chief Executive Officer, Scandium Canada Ltd.