SCANDIUM CANADA ACQUIRES AND REBRANDS FERREOL TECHNOLOGIES AS SCALIUM+, ITS NEW ALLOY COMMERCIALIZATION SUBSIDIARY The acquisition brings the Al-Sc alloys of Scandium+ and the Scalium® product line of Ferreol Technologies under one roof, adding a proven Québec City commercial team, active alloy clie
June 29, 2026
SCANDIUM CANADA ACQUIRES AND REBRANDS FERREOL
TECHNOLOGIES AS SCALIUM+, ITS NEW ALLOY COMMERCIALIZATION
SUBSIDIARY
The acquisition brings the Al-Sc alloys of Scandium+ and the Scalium® product line of Ferreol
Technologies under one roof, adding a proven Québec City commercial team, active alloy clients
and an established production workflow to accelerate and de-risk the commercialization of the
Company's proprietary specialized alloys for advanced manufacturing.
MONTREAL, QUEBEC – Scandium Canada Ltd. (TSX-V: SCD) (the “Company” or “Scandium
Canada”) is pleased to announce the closing of the acquisition of all of the issued and outstanding
shares in the capital of 9480-3798 Québec inc. (doing business as Ferreol Technologies, “Ferreol
Technologies”), a company engaged in research and development, processing, and production
activities of aluminum products and other alloys incorporating scandium, pursuant to a share
purchase agreement dated June 29, 2026 (the “Agreement”).
Following closing, Ferreol Technologies has been renamed Scalium+ Inc. (“Scalium+”) and is
now a wholly owned subsidiary of Scandium Canada dedicated to t he commercialization of
aluminum-scandium (Al-Sc) alloys developed by both organization s: the proprietary alloys
engineered by the Company's Scandium+ division and the Scalium® line of alloys, one of the
world’s most advanced high strength aluminum scandium alloys. Based on Ferreol Technologies’
internal testing under controlled conditions, some Scalium® all oys demonstrated strength results
of up to 45% higher than typical 7075 aerospace aluminum. Subje ct to further testing for
commercial applications and scale, certain Scalium® alloys may have the potential to substitute
high-strength aluminum alloys or titanium in demanding high-str ess applications. One Scalium®
alloy is already commercialized and brought to market by the Ferreol Technologies team.
Highlights
• Scandium Canada acquires a team with a proven track record in c ommercializing Al-Sc
alloys, materially de-risking and accelerating the path to mark et for the Company's own
alloy portfolio
• Introduction of Scalium+, a wholly owned subsidiary, consolidat ing Al-Sc alloys
commercialization for both Scandium Canada and Ferreol Technologies alloys
• The Company gains an established production workflow in Québec and immediate
commercial channels for Al-Sc alloys
• Mr. Félix Lapointe, co-founder of Ferreol Technologies, is appo inted Chief Executive
Officer of Scalium+, which results in him being considered an insider of the Company within
the meaning of applicable securities legislation
• The transaction strengthens the Company's two-engine model: the Crater Lake primary
scandium project upstream, and a now commercially active scandi um-based alloys
business downstream
A proven commercial team, a faster path to market
Ferreol Technologies is engaged in research and development, pr ocessing, and production of
aluminum alloys and other alloys, and has successfully brought its Scalium® alloys to market in
its core commercial segments. Ferreol Technologies has patents pending in production of
specialty aluminum-scandium alloys and developed their surface treatment. Ferreol Technologies
has established working relationships with end users in multiple sectors.
For Scandium Canada, the acquisition creates value by bringing together the expertise of two
leading teams in scandium research and development. Namely, it brings into the Company a
professional team that has already achieved what most advanced materials ventures only plan
for: taking Al-Sc alloys from the laboratory to paying customers. This proven commercial execution
reduces the risk profile of the Company's downstream strategy a nd accelerates the pre-
commercialization and commercialization milestones for its own Al-Sc alloys, well ahead of the
Crater Lake project entering production.
Quotes
“This acquisition compresses our timeline to revenue on the alloys side of our business”, said Guy
Bourassa, Chief Executive Officer of Scandium Canada. “We are bringing in a team that has
already commercialized Al-Sc alloys, with infrastructure in pla ce and customers in hand.
Combined with our alloys development work and the Crater Lake p roject, Scalium+ gives us a
complete chain, from primary scandium source to alloys in the market.”
“I am very enthusiastic about working with a team with commerci al experience and energy to a
shared vision of scandium commercialization”, said Luc Duchesne, Ph.D., Chief Science
Officer of Scalium+. “Above all, this team gives us the ability to take our research, expertise and
vision into products, into markets and into the hands of end users.”
“Joining Scandium Canada gives us the financial and corporate c apacity to accelerate the
development and commercialization of our technologies and opens truly exciting opportunities for
the future of the business”, said Félix Lapointe, Chief Executive Officer of Scalium+.
“Scandium Canada's experience and intellectual property portfolio are very complementary to ours
and allows us to get into new applications and markets. By joining forces, we can see further and
get there much faster. We are thrilled and honoured!”
“This is an important strategic milestone for Scandium Canada”, said Jeff Swinoga, Chairman
of the Board. “The Company’s strategy has always been to advance on more tha n one front:
developing Crater Lake as a potential primary source of scandium while building the downstream
alloy capabilities required to support market adoption. The acquisition of Ferreol Technologies and
the launch of Scalium+ accelerates this strategy. The Board has supported this integrated vision
from the beginning, and we believe this transaction strengthens the Company’s platform, broadens
its commercial capabilities and supports our objective of creat ing long-term shareholder value
across the scandium supply chain.”
Transaction terms
The Company purchased from the vendors (the “Vendors”), all the issued and outstanding shares
in the capital of Ferreol Technologies. The Company’s aggregate obligations for the purchase of
the shares of Ferreol Technologies are estimated at six million six hundred and eight thousand
one hundred and thirty-two dollars and sixty-seven cents ($6,60 8,132.67), subject to closing
adjustments and an earn-out, and consist of: (a) a cash payment of two million dollars
($2,000,000.00); (b) the issuance to the Vendors of twenty-two million and nine (22,000,009)
common shares in the capital of the Company (the “ Consideration Shares”), having a deemed
aggregate fair market value of four million seventy thousand on e dollars and sixty-seven cents
($4,070,001.67), based on the closing price of the Company's co mmon shares on the TSXV on
June 26, 2026; and (c) the assumption of certain of Ferreol Tec hnologies' estimated obligations
and liabilities in an estimated aggregate amount of five hundred thirty-eight thousand one hundred
and thirty-one dollars ($538,131.00). In addition to the purchase price, the Vendors may be entitled
to a contingent cash earn-out calculated as 1.5 times the reven ues generated collectively by
Ferreol Technologies and the Company's Scandium+ division over a two-year reference period
commencing on June 29, 2026, up to a maximum amount of two mill ion four hundred and fifty
thousand dollars ($2,450,000.00). The Consideration Shares are subject to resale restrictions
under applicable securities laws and to contractual resale rest rictions in accordance with the
following release schedule: (i) 15,000,008 Consideration Shares will be released on a staggered
basis, with 3,750,000 Consideration Shares being released on the day following the expiry of the
fourth month following the closing date, and 1,607,144 Consider ation Shares being released on
the first day of each subsequent month until the eleventh month following the closing date; and
(ii) 7,000,001 Consideration Shares will be released upon the e xpiry of a 24-month period from
the closing date.
To the knowledge of the Company, the Vendors are arm's length p arties to the Company and,
accordingly, the transaction constitutes an arm's length transaction, and no finder's fees were paid
in connection therewith. In connection with the transaction, th e Vendors have agreed to
non-competition and non-solicitation covenants for a period of three (3) years from the closing
date.
The Board of Directors of the Company approved the grant to Mr. Félix Lapointe of an aggregate
of 3,000,000 incentive stock options (the “ Options”) pursuant to the Company’s Share Option
Plan. The Options are exercisable at a price of $0.185 per comm on share, will vest monthly over
a period of thirty-six (36) months and have a term of five (5) years from the date of grant. The
grant remains subject to the approval of the TSXV.
ABOUT SCALIUM+
Scalium+, formerly Ferreol Technologies, a wholly owned subsidi ary of Scandium Canada,
consolidates the commercialization of aluminum-scandium (Al-Sc) alloys developed by Scandium
Canada's Scandium+ division and the Scalium® line of alloys and surface treatment developed
by the Ferreol Technologies team. Based on Ferreol Technologies ’ internal testing under
controlled conditions, some Scalium® alloys demonstrated streng th results of up to 45% higher
than typical 7075 aerospace aluminum. Subject to further testing for commercial applications and
scale, certain Scalium® alloys may have the potential to substitute high-strength aluminum alloys
or titanium in demanding high-stress applications. Scalium+ brings specialized Al-Sc materials to
market across multiple sectors.
ABOUT SCANDIUM CANADA LTD.
Scandium Canada (TSX-V: SCD) is a public company whose ultimate goal is to bring North
America’s only primary source of scandium into production, enab ling the development and
commercialization of aluminum-scandium (Al-Sc) alloys. The Comp any is leveraging its Al-Sc
alloy development through its subsidiary Scalium+ and the development of its Crater Lake mining
project to meet the growing need for lighter, greener, longer-l asting, high-performance materials.
The Company aims to become a market leader in scandium, while c ommitting itself to building a
more responsible economy through innovation and agility.
FORWARD-LOOKING STATEMENTS
The information contained herein contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. "Forwa rd-looking information" includes, but is not
limited to, statements with respect to the activities, events or developments that the Company
expects or anticipates will or may occur in the future, including, without limitation, statements with
respect to the completion of the transaction, the payment of the earn-out, the anticipated synergies
and benefits of the acquisition of Ferreol Technologies, the integration of Ferreol Technologies
within the Company, the characteristics, performance, advantages, potential applications,
commercial scaling and competitive positioning of the alloys developed by the Company and the
former Ferreol Technologies team (including the Scalium® alloys) and their potential to substitute
for other materials, and the receipt of all required regulatory approvals, including the final
acceptance of the TSXV pursuant to Policy 5.3, and all statements in the paragraph “About
Scandium Canada Ltd.” above, which essentially describes the Company's prospects. Generally,
but not always, forward-looking information can be identified by the use of words such as "plans",
"expects", "is expected", "budget", "scheduled", "estim ates", "forecasts", "intends", "anticipates",
or "believes" or the negative connotation thereof or variations of such words and phrases or state
that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or
"be achieved" or the negative connotation thereof.
Certain information relating to the Scalium® alloys, including performance characteristics and
potential applications, is based on information made publicly available on the former Ferreol
Technologies website: https://ferreoltechnologies.com/fr. Such information is based on Ferreol
Technologies’ internal testing under controlled conditions. Such performance characteristics may
not be replicated at commercial scale or may not be achieved consistently.
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 purpose of providing information about
management’s 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 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: www.scandium-canada.com
LinkedIn: Scandium Canada Ltd.
X: @ScandiumCanada
Facebook: Scandium Canada
Instagram: @scandiumcanada