Scandium Canada announces the sale of its La Roncière gold project to Barrick
Scandium Canada announces the sale of its La Roncière gold project to Barrick
Montreal, Québec, November 17, 2025 — Scandium Canada Ltd. (TSX-V: SCD) is pleased to
inform its shareholders that it has entered into a definitive agreement to sell its La Roncière gold
project to a wholly owned subsidiary of Barrick Mining Corporation (“Barrick”) for a total
consideration of up to C$590,000 in cash.
Under the terms of the agreement, Scandium Canada will receive an initial payment of
C$390,000, followed by an additional payment of up to C$200,000, conditional upon Barrick
publishing a pre-feasibility study (PFS) demonstrating a mineral resource contain ing a specified
minimum gold content.
"This transaction represents a strategic milestone for Scandium Canada. It allows us to generate
non-dilutive financing while focusing our resources and efforts on the development of our flagship
project in Quebec, Crater Lake,“ said Guy Bourassa, Chief Ex ecutive Officer, adding that ”the
divestiture of the La Roncière project is part of a rigorous management approach to our asset
portfolio and a strategy focused on creating long-term value for our shareholders."
Located approximately 35 kilometers east of Desmaraisville, Quebec, the La Roncière gold
project is easily accessible via Route 113, connecting the towns of Val d'Or and Chibougamau.
The property comprises 45 contiguous mining claims covering a total area of 25.1 km².
Scandium Canada took advantage of the favourable context of record -high gold prices to carry
out this transaction, while consolidating its position on its flagship Crater Lake project, currently
in the prefeasibility stage and located 220 km east of Schefferville in Nunavik.
ABOUT SCANDIUM CANADA LTD.
Scandium Canada (TSX-V: SCD) is a publicly traded company whose ultimate goal is to bring the
world's largest primary source of scandium into production to enable the development and
commercialization of aluminum -scandium (Al-Sc) alloys. The Company relies on its subsidiary
dedicated to the development of Al -Sc alloys and on the de velopment of its Crater Lake mining
project to meet the growing demand for lighter, greener, more sustainable, and higher -
performance materials. The company aims to become a leader in the scandium market while
committing to building a more responsible economy through innovation and agility.
FORWARD-LOOKING STATEMENTS
All statements contained in this press release, other than statements of historical fact — including,
without limitation, the completion of the sale, the potential publication of a prefeasibility study, and
the advancement of the Crater Lake project — are subject to certain risks, uncertainties, and
assumptions that could cause actual results to differ materially from those anticipated. Scandium
Canada undertakes no obligation to update or revise these forward -looking statements, except
as required by law. In general, the above paragraph entitled “About Scandium Canada” which
essentially describes the company’s outlook, constitutes “forward -looking information” or
“forward-looking statements” within the meaning of applicable securities laws and is based on
expectations, estimates, and projections as of the date of this press release. Forward -looking
statements are necessarily based on a number of estimate s and assumptions that, while
considered reasonable by the company at the time they are made, are inherently subject to
significant business, economic, and competitive uncertainties and contingencies. These
estimates and assumptions may prove to be incorre ct. Many of these uncertainties and
contingencies may have direct or indirect effects and could cause actual results to differ materially
from those expressed or implied in the forward-looking statements, and future events could differ
materially from thos e anticipated in such statements. A description of the assumptions used to
develop such forward -looking information and a description of the risk factors that could cause
actual results to differ materially from the forward -looking information can be found in the
company’s disclosure documents available on SEDAR+ at www.sedarplus.ca. By their very
nature, forward-looking statements involve inherent general and specific risks and uncertainties,
and there is a risk that estimates, forecasts, projections, and other forward-looking statements will
not be achieved or that assumptions will not reflect future experience. Forward-looking statements
are provided for the purpose of conveying information about management’s efforts to develop the
Crater Lake Project and, more generally, its expectations and plans for the future. Readers are
cautioned not to place undue reliance on these forward -looking statements, as a number of
significant risk factors and future events could cause actual results to differ m aterially from the
beliefs, plans, objectives, expectations, anticipations, estimates, assum ptions, and intentions
expressed in such forward -looking statements. All forward-looking statements contained in this
press release are subject to these cautionary statements and those contained in our other filings
with Canadian securities regulators. The company disclaims any intention or obligation to update
or revise any forward-looking statement or to explain any material difference between subsequent
actual events and such forward-looking statements, except as required by applicable law. Neither
the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
For additional information, please contact :
Scandium Canada Ltd.
Guy Bourassa
Chief Executive Officer
Phone: +1 (418) 580-2320
Email: [email protected]
Website: www.scandium-canada.com
LinkedIn: Scandium Canada Ltd.
X: @ScandiumCanada
Facebook: Scandium Canada
Instagram: @scandiumcanada