MONTRÉAL (QUÉBEC) – Scandium Canada Ltd. (TSX-V: SCD) (the “Corporation”) At the request of the Canadian Investment Regulatory Organization (CIRO), Scandium Canada Ltd. confirms that it is not aware of any corporate developments that would explain the recent increase

January 15, 2026

MONTRÉAL (QUÉBEC) – Scandium Canada Ltd. (TSX-V: SCD) (the “Corporation”) At the

request of the Canadian Investment Regulatory Organization (CIRO), Scandium Canada Ltd.

confirms that it is not aware of any corporate developments that would explain the recent increase

in market activity.

Scandium Canada confirms that all material information relating to its business and operations

has been publicly disclosed in accordance with applicable securities laws and TSX Venture

Exchange requirements.

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) alloys. The Corporation is leveraging its Al-Sc

alloys 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 Corporation

aims to become a market leader in scandium, while committing itself to building a more

responsible economy through innovation and agility.

Forward-Looking Statements

All statements contained in this press release including the above “About Scandium Canada Ltd.”

paragraph which essentially described the Corporation’s outlook, 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 time of this press release. Forward-

looking statements are necessarily based upon a number of estimates and assumption that, while

considered reasonable by the Corporation as of the time of such statements, are inherently subject

to significant business, economic and competitive uncertainties, and contingencies. These

estimates and assumption 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 Corporation’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 purpose of providing information about

management’s endeavors to develop the Crater Lake project and its Al-Sc alloys, 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-l ooking statements made in this press release are

qualified by these cautionary statements and those made in our other filings with the securities

regulators of Canada. The Corporation 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: www.scandium-canada.com

LinkedIn: Scandium Canada Ltd.

X: @ScandiumCanada

Facebook: Scandium Canada

Instagram: @scandiumcanada