Scandium Canada's Scalium+ Advancing Its Al-Sc Alloy Under Canadian Space Agency R&D Contribution to Reduc e Mass of Components in Space Applications MONTRÉAL (QUÉBEC) – Scandium Canada Ltd. (TSX-V: SCD) (the “Company”)
August 31, 2026
Scandium Canada's Scalium+ Advancing Its Al-Sc Alloy Under Canadian Space
Agency R&D Contribution to Reduc e Mass of Components in Space
Applications
MONTRÉAL (QUÉBEC) – Scandium Canada Ltd. (TSX-V: SCD) (the “Company”)
announces that its wholly owned subsidiary Scalium+ is advancing the adaptation of
the Scalium® aluminum-scandium alloy for space applications, notably next-
generation Canadian satellites, under an existing contribution agreement with the
Canadian Space Agency ("CSA"). The agreement provides a non-repayable
contribution of $348,750 supporting a project that extends to May 31, 2028.
Alloy to Reduce Mass of Components in Space Applications
The funded project, titled "Proof of Concept of Innovative High-Strength Aluminum
Alloy to Reduce Mass of Components in Space Applications," aims to adapt Scalium®,
an ultra-strong aluminum-scandium alloy currently produced in thin sheets, into thick
plates suitable for aerospace needs.
Following successful initial l aboratory tests, the work program focuses on scaling up
manufacturing, validating the alloy's performance, and demonstrating its use for next-
generation Canadian satellites. Scalium® could help reduce launch costs, lower
carbon emissions, and allow spacecraft to carry more valuable equipment.
The project is conducted under the CSA' s Space Technology Development Program
(STDP), Announcement of Opportunity 9.2, Space Research and Development, Small
Businesses. This project is undertaken with the financial support of the Canadian
Space Agency.
The Agreement
The contribution agreement was originally signed on August 29, 2025, between the
CSA and Ferreol Technologies, prior to its acquisition by Scandium Canada,
completed on June 29, 2026. On August 17, 2026, the CSA signed an amendment,
formally confirming Scalium+ as beneficiary of the agreement and noting that the
management team, mission, technologies and business relationships of the
beneficiary remain unchanged. The project continues under the agreement's existing
terms.
"The CSA's confirmation of Scalium+ as beneficiary reflects the continuity we
committed to when we first signed this agreement, and work continues without
interruption," said Félix Lapointe, Chief Executive Officer (CEO) of Scalium+.
"Adapting Scalium® from thin sheet to thick plate is a defined technical program with
clear milestones through 2028, carried out by our team in Québec, and it advances
Scandium Canada's mine-to-alloys strategy."
"Space is one of the main application areas we are targeting for our aluminum-
scandium alloys, alongside aeronautics, defence, transportation and sporting goods,
and it is one of the sectors where every kilogram saved carries the most value for
OEMs. Canada’s space industry has a world-class reputation, and Québec is home to
some of its most innovative players. Our ambition is for the Canadian and Québec
OEMs designing the next generation of sa tellites and space systems to have access
to a high-performance aluminum-scandium alloy sourced from a local supply chain.
We thank the Canadian Space Agency for its support and the professionalism of its
team on this project," said Simon Thibault, President & Chief Executive Officer of
Scandium Canada and President of Scalium+.
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 treatment created by the Ferreol Technologies team. Scalium® alloys add
value on multiple fronts: significantly higher mechanical strength than conventional
alloys in rolled products, better weldability in wire form, faster print speeds in powder
form, and much higher corrosion resistance. For manufacturer s, this translates into
lighter parts, shorter build times in additive manufacturing and better lifetime value for
primary and secondary components. Scalium+ brings these specialized materials to
market today, across multiple sectors.
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.
Through Scalium+, its wholly owned commercialization subsidiary, the Company
brings proprietary, patent-pending 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,
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.
Forward-Looking Statements
This press release contains "forward-looking statements" and "forward-looking
information" within the meaning of applicable Canadian securities legislation. Forward-
looking statements in this press release include, without limitation, statements relating
to: the continuation and expected completion of the project funded under the
contribution agreement with the Canadian Space Agency, including its milestones
through May 31, 2028; the adaptation of the Scalium® alloy from thin sheets into thick
plates suitable for aerospace needs; the scale-up of the related manufacturing
process; the validation of the alloy's performance and the demonstration of its use for
next-generation Canadian satellites; the potential benefits of the alloy for space
applications, including reduced launch cost s, lower carbon emissions and increased
capacity for spacecraft to carry equipment; the potential application of the Company's
alloys to other sectors, including aeronautics, defence, transportation and sporting
goods; the Company's ambition to supply Canadian and Québec original equipment
manufacturers; the advancement of the Company's mine-to-alloys strategy, including
the development of the Crater Lake project; and other statements regarding the
Company's strategy, plans and objectives. Forward-looking statements are based on
the current expectations, estimates and assumptions of management and are subject
to known and unknown risks and uncertaint ies that could cause actual results,
performance or achievements to differ materially from those expressed or implied by
such statements, and no assurance can be given that any of the events anticipated
will occur or, if they do occur, what benefits the Company will derive from them.
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 c ontingencies 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, estimates, 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 & 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