Scandium Canada Acquires and Rebrands Ferreol Technologies as Scalium+, Its New Alloy Commercialization Subsidiary

Scandium Canada Ltd. (TSXV: SCD) announced the closing of its acquisition of Ferreol Technologies, which has been rebranded as Scalium+ Inc. The company specializes in the research, development, and commercialization of aluminum-scandium (Al-Sc) alloys. The transaction consolidates Scandium Canada's proprietary Scandium+ alloy portfolio with Ferreol's Scalium® product line, bringing in an established commercial team, production workflows, and existing client relationships.

Total consideration for the deal is approximately $6.6 million, structured as $2.0 million in cash, an equity issuance of 22,000,009 shares valued at approximately $4.07 million based on a $0.185 closing price, and assumed liabilities of approximately $538,000. The agreement also includes a contingent earn-out capped at $2.45 million, tied to achieving 1.5 times collective revenues over two years. Vendor shares are subject to a staggered release schedule, with 15 million shares vesting monthly over 11 months post-closing and 7 million shares vesting at the 24-month mark.

The acquisition provides immediate access to commercial channels and a proven track record in taking Al-Sc alloys from laboratory development to paying customers, strengthening the company's "two-engine model" which combines the upstream Crater Lake project with downstream alloy commercialization. Internal testing indicates that Scalium® alloys demonstrate strength up to 45% higher than typical 7075 aerospace aluminum, positioning them to substitute high-strength aluminum or titanium in high-stress applications.

Félix Lapointe, co-founder of Ferreol, has been appointed CEO of Scalium+ and granted 3,000,000 incentive stock options exercisable at $0.185, which will vest monthly over 36 months.

Scandium Canada Ltd. (SCD) has acquired a commercialized product line and team, a move that aligns with its strategy to commercialize proprietary Al-Sc alloys through its Scandium+ division. Since late 2025, the company has been developing this division, signing memorandums of understanding with Gränges, the University of Waterloo, and Alpomet. This transaction shifts the division from partnership and research and development phases to direct ownership of a commercial product line.

The $6.6 million consideration is manageable given the company’s reported cash position of approximately $15 million and the $17.25 million bought deal closed in March 2026. The earn-out structure, capped at $2.45 million, ties future cash outflows to revenue generation. The deal de-risks the downstream commercialization timeline by acquiring an existing team and client base rather than building from scratch. However, it does not immediately generate revenue, as the company must still integrate operations and validate market demand at scale.

The acquisition is consistent with previous expectations and management guidance regarding the acceleration of the alloy commercialization pathway. It represents a concrete execution step that validates the company’s "two-engine" thesis.

Scandium Canada Ltd. is a junior explorer and developer focused on the Crater Lake project in Nunavik, Quebec, positioning itself as North America's largest primary source of scandium. The flagship TG Zone contains an NI 43-101 compliant mineral resource of 16.3 Mt Indicated at 277.9 g/t Sc₂O₃ and 20.9 Mt Inferred at 271.7 g/t Sc₂O₃, containing approximately 4,000 tonnes of contained scandium.

The company operates on a "two-engine model" that includes the upstream development of the Crater Lake mine and hydrometallurgical plant in Schefferville, targeting 91 t/yr of scandium oxide and mixed REE production. This is paired with the downstream commercialization of proprietary Al-Sc alloys (AA535 and AA7075 modified) through the Scandium+ division, targeting aerospace, automotive, additive manufacturing, and defense markets.

To support these initiatives, the company has secured a $6.9M non-dilutive government grant from Natural Resources Canada and closed a $17.25M bought deal in March 2026 to fund PFS, drilling, and alloy development through 2026.