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Scandium Canada and University of Windsor to explore Aluminum-Scandium Alloy Wires for EV Traction Motors MONTRÉAL, QUÉBEC – Scandium Canada Ltd. (TSX- V: SCD) (the “Company”) is pleased to announce it has entered into a Memorandum of Understanding (the "MOU")

Corporate Updates

July 29, 2026

Scandium Canada and University of Windsor to explore

Aluminum-Scandium Alloy Wires for EV Traction Motors

MONTRÉAL, QUÉBEC – Scandium Canada Ltd. (TSX- V: SCD) (the “Company”) is

pleased to announce it has entered into a Memorandum of Understanding (the "MOU")

with the University of Windsor's Center for Hybrid Automotive Research and Green

Energy ("CHARGE") to explore the potential use of aluminum-scandium (Al-Sc) alloy wire

for windings for electric vehicle (EV) traction motors, a significant application at the heart

of the global EV transition for lighter vehicles with extended operating ranges. The

technological concepts and methods explored through this MOU are expected to be

proposed for additional research grant funding. Viable marketable outcomes advanced

through this MOU will be commercialized via Scalium+, the Company's newly acquired

subsidiary for specialized alloys and technologies, announced on June 29, 2026.

Highlights

• The non- exclusive MOU brings together Scandium Canada's Al -Sc alloy

technology and CHARGE Lab’s electric powertrain expertise to develop a research

project that assesses the functionality, durability, practicality, and cost -

effectiveness of Al-Sc alloy wires in traction motor applications;

• CHARGE Lab is an internationally recognized R&D, component, and system

design and test centre, competitive with other leading North American automotive

labs in the design, development, and testing of electric powertrain components;

• The collaboration targets a high-growth application for Scalium+;

• The MOU also contemplates evaluating other applications of Al -Sc alloys as they

may emerge during testing;

• The work is intended to support Scandium Canada's downstream alloy

commercialization track, which progresses independently of the Crater Lake

project development timeline.

A strategic entry into the electric mobility supply chain

Under the MOU, the two parties intend to develop a research project to assess the

performance of Al -Sc alloy wires as traction motor windings. Scandium Canada's

contributions include developing and producing Al-Sc alloy wire for evaluation along with

detailed wire specifications, while CHARGE Lab will lead electrical simulation, motor

segment and system testing, and wire coating process development. Both parties will

participate in benchmarking against established copper wire materials and in the physical,

mechanical, and specialized testing of the wires, including dielectric strength and heat

resistance.

The proposed research would assess Al -Sc alloy wires against the demands of electric

traction motors, a market segment where conductor weight, heat resistance, and

mechanical performance directly affect motor efficiency and vehicle range. During the

term o f the MOU, the parties will formalize research proposals and collaboration

agreements for any commercial applications identified and vetted through the work.

Quotes

“Preliminary results tell a consistent story. Copper is the reference conductor in electric

motors, but it is heavy; aluminum delivers comparable conductance at roughly half the

weight. Minor additions of scandium to aluminum alloys significantly increase their

strength, and the alloy remains malleable enough to draw into wire and form into windings.

The work with the CHARGE lab at the University of Windsor will validate aluminum -

scandium performance where it counts, under the real electrical, thermal, and mechanical

demands of next-generation traction motors.”

Mark S. Kozdras, Ph.D., Strategic Advisor to Scandium Canada.

“This collaboration puts our R&D infrastructure on aluminum -scandium alloys directly in

front of one of North America's leading electric powertrain teams. It is a concrete step

toward technical and commercial validation of our aluminum -scandium wire concept for

powertrains, and it advances on the strength of the science, independent of the Crater

Lake mine timeline.”

Félix Lapointe, Chief Executive Officer of Scalium+.

“CHARGE's testing capabilities allow us to evaluate our Al -Sc wires under real electric

motor conditions. Validating functionality, durability, and cost-effectiveness in this setting

is exactly the kind of rigorous, application-driven work needed to move our alloys toward

qualification.”

Dr. Luc Duchesne, Chief Science Officer of Scalium+.

“UWindsor Team will take promising materials and technologies and test them against

the real demands of electric powertrains. We are pleased to collaborate with Scandium

Canada and Scalium+ to evaluate aluminum -scandium alloy wires in traction motor

windings, work that speaks directly to the efficiency and range challenges the industry is

working to solve.”

Dr. Narayan Kar, Founder and Director of CHARGE, Tier 1 Canada Research Chair

in Electrified Vehicles, University of Windsor.

“Collaborations like the one between Scandium Canada and the world- class CHARGE

Lab at the University of Windsor are foundational in how industry works with universities

to deliver the highest quality trainees and develop groundbreaking innovation that

accelerates scientific discovery and creates value for industry and the broader sector.

We’re thrilled to see this MOU move forward.”

Dr. Shanthi Johnson, Vice-President, Research and Innovation, University of

Windsor.

About the CHARGE Lab - University of Windsor

The Center for Hybrid Automotive Research and Green Energy ( CHARGE) of the

University of Windsor is an internationally recognized R&D, component, system design

and test centre that fosters cross -disciplinary research collaboration among materials,

mechanical, electrical, and software engineers in the design, development, and testing of

electric powertrain components.

About the University of Windsor

The University of Windsor is located at the heart of North American automobility

manufacturing. With 18,000+ students representing faculties from engineering and

science to nursing and law, the University of Windsor works directly with industry and

community partners to support innovation development and real-world solution building.

About Scalium+

Scalium+, formerly Ferreol Technologies, is Scandium Canada's wholly owned

commercialization subsidiary for aluminum -scandium (Al-Sc) alloys. It unites the alloys

developed by the Company's Scandium+ division with the Scalium® line of alloys and

surface tr eatment created by the Ferreol Technologies team. Scalium® alloys deliver

strength up to 45% higher than typical 7075 aerospace aluminum, positioning them as

candidates to replace high- strength aluminum alloys, and even titanium, in the most

demanding applications. Scalium+ brings these specialized materials to market today,

across multiple sectors.

About Scandium Canada Ltd.

Scandium Canada (TSX -V: SCD) is a critical minerals mining and advanced materials

company developing North America's only primary source of scandium at its Crater Lake

project in Nunavik, Québec. Through Scalium+, its wholly owned commercialization

subsidiary, the Company brings proprietary, patent-pending aluminum-scandium (Al-Sc)

alloys and the Scalium® line of alloys and technologies to market today, while advancing

the Crater Lake mining project for the future. This dual -engine strategy positions

Scandium Canada to anchor a secure North American scandium supply chain and to

shape the future of lighter, stronger and longer -lasting materials for advanced

manufacturing end users, while committing itself to building a more responsible economy

through innovation and agility.

Forward-looking statements

This news release contains "forward-looking information" within the meaning of applicable

Canadian securities legislation. Forward- looking information includes, without limitation,

statements regarding the objectives, scope, and anticipated outcomes of the collaboration

with CHARGE; the potential applications, performance, and commercialization of the

Company's aluminum -scandium alloys and alloy wires; the status of the Company's

patent applications; the development of the Crater Lake project; and all statements in the

paragraph “About Scandium Canada Ltd.” above, which essentially describes the

Company's prospects.

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 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, esti mates, assumptions and

intentions expressed in such forward- looking statements. All of the forward- looking

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 more information or interview requests, please contact:

Scandium Canada Ltd.

Arnaud Bourassa Francoeur

Director, Communications and

Marketing

Phone: +1 (418) 609-4900

Email: [email protected]

Website: www.scandium-

canada.com

LinkedIn: Scandium Canada Ltd.

X: @ScandiumCanada

Facebook: Scandium Canada

Instagram: @scandiumcanada