Scandium Canada Announces the Large-Scale Commercial Deployment of its Scalium(R) Alloy in Ferreol Skis' Entire 2026-2027 Collection

Scandium Canada Ltd. (SCD) announced the large-scale commercial deployment of its Scalium® aluminum-scandium alloy in Ferreol Skis' entire 2026-2027 collection. The alloy is integrated as 0.4 mm thin sheets, providing improved stability, edge grip, vibration damping, and durability. The deployment includes skis designed for defense and arctic mobility, signaling potential qualification pathways in aeronautics, automotive, and defense sectors.

Concurrently, the company closed a $5 million non-brokered LIFE offering of charity flow-through units at $0.20 per unit. Proceeds are earmarked for diamond drilling, exploration campaigns, and environmental sampling at the Crater Lake project through December 31, 2027. Each unit includes a warrant exercisable at $0.22, expiring August 20, 2028.

Scandium Canada Ltd. (SCD) has deployed the Ferreol Skis, a move the company describes as a meaningful commercial validation of its downstream "mine-to-alloy" strategy. The deployment demonstrates that the alloy can be manufactured into thin sheets and perform in demanding conditions. However, the volume of scandium oxide required for a ski collection is immaterial relative to the company's projected 91 tonnes/year production capacity, serving as a proof-of-concept rather than a near-term revenue driver.

The company also secured $5 million in LIFE financing, a routine and expected step for a pre-revenue explorer. This funding extends the cash runway for drilling and environmental work but introduces dilution through the issuance of 25 million new units. The financing aligns with the company's stated plan to fund the 2026 drilling campaign and update the mineral resource estimate.

These announcements confirm execution on the commercialization and exploration tracks but do not materially alter the company's fundamental valuation or risk profile. The asset remains speculative and pre-revenue.

Scandium Canada Ltd. (SCD) is developing the Crater Lake Project in Nunavik, Quebec, positioning the asset as North America's only primary scandium source. The project’s flagship TG Zone hosts 16.3 Mt of Indicated and 20.9 Mt of Inferred resources, averaging 277.9 g/t Sc₂O₃ and containing approximately 4,000 tonnes of scandium oxide.

The company operates a "two-engine" model that combines the upstream development of the Crater Lake mine, targeting 91 tonnes/year of Sc₂O₃, with the downstream commercialization of proprietary aluminum-scandium alloys through its Scalium+ subsidiary. A 500 kg metallurgical pilot test has been successfully completed, and a Pre-Feasibility Study is currently underway.