Scandium Canada Appoints Former Critical Materials Leader at General Motors, Simon Thibault, as Next President and CEO Large-scale mining and manufacturing projects leader appointed in planned succession; Guy Bourassa to support the transition as Director and Strategic Advisor to Management.
August 24, 2026
Scandium Canada Appoints Former Critical Materials Leader at General
Motors, Simon Thibault, as Next President and CEO
Large-scale mining and manufacturing projects leader appointed in planned succession; Guy
Bourassa to support the transition as Director and Strategic Advisor to Management.
MONTRÉAL, QUÉBEC – Scandium Canada Ltd. (TSX-V: SCD) (the “Company”) is
pleased to announce that its Board of Directors has appointed Simon Thibault as President
and Chief Executive Officer of Scandium Canada and President of Scalium+, the Company's
wholly owned advanced alloys and technologies subsidiary, effective Monday, August 24,
2026.
The appointment concludes a planned succession process as the Company enters its next
phase of development. Guy Bour assa, the Company’s Chief Executive Officer since 2024,
will continue to serve on the B oard of Directors and take on the role of Strategic Advisor to
Management to continue advancing projects related to Crater Lake.
A detailed video message from Guy Bourassa, Simon Thibault and Félix Lapointe is available
now on the Company’s YouTube channel: https://youtu.be/Y3o59OwKmWI.
A leader with vast experience in mining and manufacturing
Simon Thibault joins Scandium Canada from General Motors , where he has served since
2023 as EV Critical Materials Leader within the Global Purchasing and Supply Chain
organization, supporting the sourcing of critical materials for GM’s electric vehicle and energy
storage programs and the development of a resilient North Amer ican supply chain. With 20
years of experience across the mi ning, critical materials, ba ttery materials, and automotive
sectors, he brings a unique combination of operational, po licy, sustainability, and supply
chain expertise. His career also includes leadership roles at Nemaska Lithium,
Investissement Québec, and Propulsion Québec, where he worked with industry and
government stakeholders to advance the deve lopment of Québec’s battery ecosystem and
strengthen North America’s critical minerals value chain.
From left to right: Félix Lapointe (CEO, Scalium+), Simon Thibault (President and CEO, Scandium Canada and President, Scalium+), and
Guy Bourassa (Director and Strategic Advisor to Management, Scandium Canada)
Quotes
“On behalf of the Board, I would like to welcome and congratulate Simon on his appointment
as President and CEO of Scandium Canada, and President of Scalium+. Simon brings a
unique combination of ex perience across mining, critical materials, government and the
automotive sector, including first-hand knowledge of what major manufacturers require from
their critical-material suppliers. As we cont inue to advance Crater Lake and accelerate the
commercialization of our aluminum-scandium alloys through Scalium+, we believe Simon
has the experience, relationships and perspecti ve to lead Scandium Canada through this
important next stage of its development. I would also like to sincerely thank Guy for his
leadership and significant contri butions to the Company and am very pleased that we will
continue to benefit from his experience as a director and strategic advisor to management,”
said Jeff Swinoga, Chair of the Board of Directors, Scandium Canada.
“When I joined Scandium Canada in 2024, we set out a long-term vision. We built something
solid, and now it is time for Scandium Canada to become greater. That means bringing in the
right people at the right time, and Simon is exactly that person. I will personally set him and
the team up for success, as I remain a dire ctor, a strategic advisor to management, and a
dedicated shareholder. Building this company to where it is today, with Scalium+ now part of
the group and the Naskapi Nation as a shareholder, is one of the great prides of my career,
and I look forward to supporting Simon and the team through this transition,” said Guy
Bourassa, Director and Strategic Advisor to Management, Scandium Canada.
“Having spent years securing critical material s for large-scale manufacturing, I’ve learned
that success depends on three things: a product t hat meets market r equirements, a clear
path to adoption, and a compelling value propos ition. What sets Scandium Canada apart is
that it is not starting with a mine and searching for a market. Through Scalium+, the Company
already has aluminum-scandium (Al-Sc) a lloy products, customers, and an active
qualification pipeline. Combined with the Crater Lake Project, a primary scandium asset in
the stable jurisdiction that is Québec, and the Naskapi Nation’s participation as a
shareholder, the Company has assembled a uni quely differentiated platform to build an
integrated scandium supply chain from resource to end-use ap plications. That combination
of commercial readiness, strategic assets, and strong partnerships is what convinced me to
join Scandium Canada, and I look forward to helping execute the next phase of growth,” said
Simon Thibault, President and Chief E xecutive Officer, Scandium Canada and
President, Scalium+.
“Since joining Scandium Canada in June, we have been hard at work accelerating the
commercialization of our aluminum-scandiu m alloys. With scandium, aluminum gets
stronger, easier to weld and faster to print, which is exactly what the aerospace, defence,
automotive and additive manufacturing end users are looking for. Our patent-pending alloys
are being developed with many public and private collaborator s, and each qualified alloy
brings us closer to major OEMs. Simon’s va luable experience in manufacturing will be a
powerful amplifier for what we are building,” said Félix Lapointe, Chief Executive Officer,
Scalium+.
Management and continuity
Pierre Neatby has resigned from the Board of Directors and from his role as President and
Chief Operating Officer, effective August 21, 2026, to pursue other opportunities. The Board
wishes to thank Mr. Neatby for his contribution, as President and Chief Operating Officer, to
the advancement of the Crater Lake project.
Stock Option Grant
The Company also announces that its Board of Directors has granted to Mr. Simon Thibault,
as President and Chief Executive Officer, an aggregate of 3,000,000 options to purchase
common shares of the Compan y (the “Stock Options”) at an exercise price of $0.22 for a
period of five (5) years from the date of grant, which ends on August 21, 2031.
The Stock Options vest in accordance with the following schedule: 1/36 (approximately
2.78%) vests monthly starting on the last day of the month following August 21, 2026.
The grant remains subject to the approval of the TSX Venture Exchange.
About Scandium Canada Ltd.
Scandium Canada (TSX-V: SCD) is a critical advanced materials company developing North
America’s only vertically integrated primary source of scandium, from its Crater Lake project
in Nunavik, Québec, to aluminum-scandium (Al- Sc) alloy products. Th rough Scalium+, its
wholly owned commercialization subsidiary, the Company brings proprietary, patent-pending
Al-Sc alloys and the Scalium® line of allo ys and technologies to ma rket today, while
advancing the Crater Lake mining project for t he future. This dual-engine strategy positions
Scandium Canada to anchor a secure, resilient 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.
About Scalium+
Scalium+, formerly Ferreol Technologies, is Scandium Canada’s wholly owned
commercialization subsidiary for aluminum-sc andium (Al-Sc) alloys. It unites the alloys
developed by the Company’s Scandium+ division with the Scalium® line of alloys and surface
treatment created by the Ferreol Technologies team. Scalium® alloys add value on multiple
fronts: significantly higher mechanical streng th than conventional alloys in rolled products,
better weldability in wire form, faster print speeds in powder form, and much higher corrosion
resistance. For manufacturers, this translates into lighter parts, shorter build times in additive
manufacturing and better lifetim e value for primary and sec ondary components. Scalium+
brings these specialized materials to market today, across multiple sectors.
Forward-Looking Statements
This news release contains forward-looking information within the meaning of applicable
Canadian securities laws, including, without limitation, statements regarding the Company s
next phase of development, the ant icipated contributions and role s of Mr. Thibault and Mr.
Bourassa, the advancement of the Crat er Lake project, t he qualification and
commercialization of the Company s aluminu m-scandium alloys through Scalium+, the
development of an integrated scandium supply chain from resource to end-use applications,
the grant of the Stock Options and the receip t of the final approval of the TSX Venture
Exchange, and, generally, the above About Scandium Canada Ltd.” paragraph which
essentially describes the Company s outlook.
Forward-looking statements are necessar ily based upon a number of estimates and
assumptions that, while considered reasonable by the Company as of the time of such
statements, are i nherently subject to significant business, economic and competitive
uncertainties, and contingencies. These esti mates 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 diffe r 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 Com pany’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 ar e provided for the purpose of providing information about
management’s endeavors to develop the Crat er Lake project, and, more generally, its
expectations and plans relating to the futu re. 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, assu mptions and intentions expressed in such
forward-looking statements. All of the forward-looking statements made in this press release
are qualified by these cautionar y 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-lookin g 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 & 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