Scandium Canada Ltd. (TSX-V : SCD) (the “Company”) wishes to clarify an item contained in its press release issued on
March 13, 2026
SCANDIUM CANADA CLARIFIES ITS FEBRUARY 11, 2026 PRESS RELEASE
MONTREAL, QUÉBEC – Scandium Canada Ltd. (TSX-V : SCD) (the “Company”) wishes to
clarify an item contained in its press release issued on February 11, 2026, entitled “ Scandium
Canada provides update on Scandium+ activities and development of its Al-Sc alloys”.
In that release, in the second paragraph, the Company stated : “ For reference, the Crater Lake
Project is expected to produce 91 tonnes per year of scandium oxide .” The Company wishes to
clarify that the volume of 91 tonnes represents a target set by management of the Company as
part of the pre-feasibility study under preparation by the firm Norda Stelo (refer to the press release
issued by the Company on February 6, 2026) and is not taken from an economic study or a
technical report on the Crater Lake project. Management of the Company considers, based on its
analysis of the potential market, among other things for powders intended for 3D printing and for
welding wire, that a new scandium supply source with a capacity of nearly 91 tonnes per year
could be justified, and this is why it continues to advance the steps required to complete such a
pre-feasibility analysis.
This objective constitutes forward-looking information. It is, and will remain, an estimate only, and
there can be no assurance that it will prove to be accurate. The target is based on current plans
and assumptions that are subject to change from time to time, including, without limitation: global
demand and supply for scandium. While the Corporat ion believes that these assumptions are
reasonable as of the date of this press release, there can be no assurance that they will prove to
be accurate. Investors are cautioned not to place undue reliance on this forward-looking
information.
About Scandium Canada Ltd.
Scandium Canada (TSX-V: SCD) is a public company whose ultimate goal is to bring the world's
leading primary source of scandium into production, enabling the development and
commercialization of aluminum-scandium (Al-Sc) allo ys. The Company is leveraging its Al-Sc
alloy development subsidiary and the development of its Crater Lake mining project to meet the
growing need for lighter, greener, longer-lasting, high-performance materials. The Company aims
to become a market leader in scandium, while committing itself to building a more responsible
economy through innovation and agility.
Forward-looking statements
The information contained in this press release, including the paragraph “About Scandium Canada
Ltd.” above, which essentially describes the Company’s prospects, constitute “forward-looking
information” or "forward-looking statements” within the meaning of applicable securities laws and
are based on expectations, estimates and projections as of the date of this release.
Forward-looking statements are necessarily based upon a number of estimates and assumptions
that, while considered reasonable by the Company as of the time of such statements, are
inherently subject to significant business, economic and competitive uncertainties, and
contingencies. These estimates and assumptions may prove to be incorrect. Many of these
uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to
differ materially from those expressed or implied in any forward-looking statements and future
events, could differ materially from those anticipated in such statements. A description of
assumptions used to develop such forward-looking information and a description of risk factors
that may cause actual results to differ materially from forward-looking information can be found in
the Company’s disclosure documents on the SEDAR+ website at www.sedarplus.ca. By their very
nature, forward-looking statements involve inherent risks and uncertainties, both general and
specific, and risks exist that estimates, forecasts, projections and other forward-looking
statements will not be achieved or that assumptions do not reflect future experience. Forward-
looking statements are provided for the purpos e of providing information about management’s
endeavors to develop the Crater Lake project, and, more generally, its expectations and plans
relating to the future. Readers are cautioned not to place undue reliance on these forward-looking
statements as a number of important risk factors and future events could cause the actual
outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations,
estimates, assumptions and intentions expressed in such forward-looking statements. All of the
forward-looking statements made in this pr ess release are qualified by these cautionary
statements and those made in our other filings with the securities regulators of Canada. 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 to the extent 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: https://scandium-canada.com
LinkedIn: Scandium Canada Ltd.
X: @ScandiumCanada
Facebook: Scandium Canada
Instagram: @scandiumcanada