Scandium Canada participates in Quebec's economic mission to Asia and announces corporate update

Executive Summary

• Scandium Canada participated in the Asia 2025 Economic Mission to South Korea and Japan to promote its Crater Lake scandium project and secure international partnerships.
• The company highlighted the strategic importance of scandium in the energy transition, specifically for solid oxide fuel cells and aerospace alloys, while presenting the Crater Lake project to investors.
• The release includes a corporate update regarding the departure of Director Brook Delong and a minor administrative update regarding a website refresh.

Key Details

• Asia 2025 Economic Mission:
  • Organized by the Ministère des Ressources naturelles et des Forêts (MRNF) and Investissement Québec (IQ).
  • Locations: Seoul, South Korea (collaboration with Korea Mine Rehabilitation and Mineral Resources Corp. - KOMIR) and Tokyo, Japan (collaboration with Sumitomo Corporation, JBIC, and SMBC).
  • Purpose: Strengthen international partnerships in critical minerals and promote Quebec's leadership in the global energy transition.
  • Activities: Presentation of the Crater Lake project to Korean and Japanese investors; individual meetings with potential strategic partners.
• Crater Lake Project Update:
  • Location: Approximately 230 km northeast of Schefferville in Nunavik, Quebec.
  • Status: One of the world's most significant primary sources of scandium.
  • Recent Milestone: On April 3, 2025, a new mineral resource estimate was released confirming exceptional potential for scandium and rare earth mineralization.
  • Future Plan: Completion of a pre-feasibility study by June 2026 to optimize technical and economic parameters.
• Corporate Governance:
  • Announcement of the departure of Ms. Brook Delong from her position as Director.
• Administrative:
  • Announcement of a complete refresh of the company website (www.scandium-canada.com), now fully bilingual (French and English).

Notable Quotes

• "This mission demonstrated the importance of scandium in the energy transition and positioned Quebec as a strategic partner for Asian markets seeking sustainable and innovative solutions. This metal, still little known to the general public, plays an essential role in the manufacture of solid oxide fuel cells (SOFC) and high-performance lightweight alloys, used in particular in the aerospace sector," said Guy Bourassa, CEO of Scandium Canada Ltd.
• "We would like to thank the representatives of IQ and MRNF, as well as the Tokyo General Delegation, for their excellent support during the mission. Without them, it would be impossible to promote our projects so effectively in Asia," added Mr. Bourassa.