Scandium Canada Announces Shareholder Meeting Results and Outlines 2026 Plans

MONTRÉAL, QUÉBEC — April 22, 2026 — Leads & Copy — Scandium Canada Ltée (TSX-V: SCD) announced the results of its annual and special meeting of shareholders held April 21, 2026, with all resolutions passed by strong majorities.

The company has approximately $15 million in cash and $6.9 million in non-dilutive funding from the Canadian government to support a twelve-month work program focused on three specific catalysts.

Shareholders showed confidence in the management team, unanimously (100%) supporting the six candidates proposed by the company for the board of directors: Guy Bourassa, Pierre Neatby, Jeff Swinoga, Robert Kitchen, Jean Lafleur, and new director Cindy Valence.

A total of 71,044,186 common shares, representing 18.48% of the company's issued and outstanding shares, were represented at the meeting.

Scandium Canada will use the cash and government funding to support a work program centered on:

• Qualifying the company's two exclusive aluminum-scandium alloys.
• Completing an independent pre-feasibility study (PFS) on the TG zone of the Crater Lake project.
• Executing a $5 million drilling campaign to obtain a representative metallurgical sample.

All six director candidates were elected with 100% of the votes cast in their favor. Raymond Chabot Grant Thornton was re-appointed as the company's auditor with 99.98% approval. Shareholders also approved the company's stock option plan (93.03% support) and restricted share unit plan (94.83% support).

Following the meeting, Jeff Swinoga remains Chairman of the Board, and Guy Bourassa continues as CEO.

Scandium Canada closed an oversubscribed public offering on March 17, 2026, for total gross proceeds of $17,250,046, exceeding the initial target of $10 million. On March 2, 2026, the company secured a $6,915,478 non-dilutive grant from the federal government through Natural Resources Canada's Global Partnerships Initiative.

The company's 2026 work program is fully funded from existing resources. The proceeds from the offering and the grant funds are allocated to defined catalysts.

The alloy qualification campaign is underway with industrial partners, focusing on Scandium+'s aluminum-scandium alloys delivered as powders for laser powder bed fusion (L-PBF) 3D printing and wires for welding, wire-arc additive manufacturing (WAAM), and other advanced manufacturing applications. Milestones will be communicated throughout 2026 as each qualification step is completed.

Norda Stelo is leading an independent PFS on the TG zone of the Crater Lake project. Engineering contracts have been awarded, work is progressing, and completion is targeted for the end of summer 2026. The study integrates mineral resource parameters, mining plan, processing, and capital and operating costs.

A drilling campaign is planned for the Crater Lake property during the 2026 work season to collect a representative sample from the TG deposit for metallurgical testing in the first half of 2027.

“With $15 million in cash and $6.9 million in government funding, we are entering 2026 by allocating each dollar to a specific catalyst: the qualification of our alloys, the PFS, and drilling at Crater Lake. This year, our priority is execution,” said Guy Bourassa, CEO of Scandium Canada.

Scandium Canada (TSX-V : SCD) aims to become the world's leading primary source of scandium, enabling the development and commercialization of aluminum-scandium (Al-Sc) alloys. The company leverages its Al-Sc alloy development division and the Crater Lake mining project to address the increasing demand for lighter, more sustainable, and higher-performing materials.

Scandium+ focuses on researching, developing, and commercializing innovative uses of scandium. The division aims to unlock the full potential of scandium through strategic partnerships, advanced technology, and a commitment to responsible management.

Source: Scandium Canada