Scandium Canada presents its annual review
Scandium Canada presents its annual review
Highlights
• Update and consolidation of resource estimates
• Validation of metallurgical process and key parameters
• Launch of Scandium+ division, dedicated to the development of new aluminum-scandium (Al-
Sc) alloys
• Presentation of Scandium Canada and its Crater Lake project to the Naskapi community of
Kawawachikamach
• Strategic investment by the Naskapi Nation of Kawawachikamach in Scandium Canada
Montreal, QC, December 18, 2025 — Scandium Canada Ltd. (TSX-V: SCD) presents its annual
review highlighting a pivotal year for the Company, marked by significant technical, industrial,
strategic, and social progress, consolidating its position in the development of scandium and
aluminum-scandium alloys.
A pivotal year for the future
"The past year has been pivotal in advancing several of Scandium Canada's initiatives. We have
laid important groundwork both technically and industrially, while strengthening our community
roots and our position in the aluminum -scandium alloy value chain. The combination of a world-
class asset such as the TG Zone at the Crater Lake Project, North America's largest primary
source of scandium, high value -added aluminum -scandium alloys, and strong strategic
partnerships puts us in an enviable position to supp ort the transition to lighter, higher -
performance, and more sustainable materials. — Guy Bourassa, Chief Executive Officer,
Scandium Canada Ltd.
Strategic advances
Major technical progress at the Crater Lake project
The year was marked by decisive technical milestones, including:
• The publication of a new mineral resource estimate in accordance with NI 43 -101 for the
TG zone of the Crater Lake project, confirming the size and potential of the deposit, which
remains open in all directions;
• The successful completion of a 500 kg metallurgical pilot test, representing a key advance
in process validation and technical risk reduction;
• Review and improvement of transportation logistics and potential location of a
hydrometallurgical plant in the Schefferville area and an access road from the property,
for the completion of a pre-feasibility study.
These results reinforce the technical credibility of the project and support its progress toward a
potential feasibility study.
Establishment of the Scandium+ division
Scandium Canada has established a new division dedicated to the commercialization of its
exclusive and patent-pending aluminum-scandium alloys, with a focus on:
• Advancing research and development on aluminum-scandium powders for additive
manufacturing (3D printing).
• Identifying the most promising markets in collaboration with Productique Québec and the
National Research Council of Canada.
• Intensifying exchanges with industrial users in strategic sectors such as aerospace,
automotive, advanced manufacturing, and 3D printing.
These initiatives aim to position Scandium Canada not only as a potential producer of scandium,
but also as a key player in the aluminum-scandium alloy value chain.
International outreach and economic missions
During the fall, the Corporation also strengthened its international visibility and relations by
participating in Quebec's economic mission to Asia organized by the Ministry of Natural
Resources and Forestry and Investissement Québec, a strategic opportunity to promote Quebec
scandium, explore new commercial partnerships, and become part of critical global supply chains.
A shared vision for the development of the Crater Lake project
Last June, a delegation from Scandium Canada visited the community of Kawawachikamach to
present the Crater Lake project and its vision for long-term collaboration with local and Indigenous
communities. This meeting provided an opportunity to strengthen di alogue, deepen mutual
understanding, and continue discussions on community priorities, expectations, and the potential
benefits of the project.
Following these discussions, the Naskapi Nation of Kawawachikamach made a strategic
investment in Scandium Canada, demonstrating a lasting relationship of trust and a shared vision
for the responsible development of the Crater Lake project. Scandium Canada remains committed
to working closely with communities, based on respect for the land, ongoing dialogue, and the
creation of positive and sustainable long-term benefits.
ABOUT SCANDIUM CANADA LTD.
Scandium Canada (TSX-V: SCD) is a publicly traded company whose ultimate goal whose is to
bring North America's largest primary source of scandium into production to enable the
development and commercialization of aluminum -scandium (Al-Sc) alloys. The Company relies
on its subsidiary dedicated to the development of Al -Sc alloys and on the development of its
Crater Lake mining project to meet the grow ing demand for lighter, greener, more sustainable,
and higher -performance materials. The company aims to become a leader in the scandium
market while committing to building a more responsible economy through innovation and agility.
FORWARD-LOOKING STATEMENTS
All statements contained in this press release, other than statements of historical fact , including,
the potential publication of a prefeasibility study, and the advancement of the Crater Lake project,
are subject to certain risks, uncertainties, and assumptions that could cause actual results to differ
materially from those anticipated. Scandium Canada undertakes no obligation to update or revise
these forward-looking statements, except as required by law. In general, the above paragraph
entitled “About Scandium Canada” which essentially describes the company’s outlook, constitutes
“forward-looking information” or “forward -looking statements” within the meaning of applicable
securities laws and is based on expectations, estimates, and projections as of the date of this
press release. Forward-looking statements are necessarily based on a number of estimates and
assumptions that, while considered reasonable by the company at the time they are made, 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 may have direct or indirect effects and could cause actual results
to differ materially from those expressed or implied in the forward-looking statements, and future
events could differ materiall y from those anticipated in such statements. A description of the
assumptions used to develop such forward -looking information and a description of the risk
factors that could cause actual results to differ materially from the forward-looking information can
be found in the company’s disclosure documents available on SEDAR+ at www.sedarplus.ca. By
their very nature, forward -looking statements involve inherent general and specific risks and
uncertainties, and there is a risk that estimates, forecasts, projections, and other forward-looking
statements will not be achieved or that assumptions will not reflect future experience. Forward -
looking statements are provided for the purpose of conveying information about management’s
efforts to develop the Crater Lake Project and, more generally, its expectations and plans for the
future. Readers are cautioned not to place undue reliance on these forward -looking statements,
as a number of significant risk factors and future events could cause actual results to differ
materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions,
and intentions expressed in such forward -looking statements. All forward -looking statements
contained in this press release are subject to these cautionary statements and those contained in
our other filings with Canadian securities regulators. 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 as 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