Scandium Canada Announces Meeting Results and Funding for 2026 Work Program

MONTRÉAL, QUÉBEC — April 22, 2026 — Leads & Copy — Scandium Canada Ltd. (TSX-V: SCD) announced the results of its Annual General and Special Meeting of Shareholders, which took place on April 21, 2026.

Shareholders approved all submitted resolutions with strong majorities, including unanimous support for the company's slate of six directors: Guy Bourassa, Pierre Neatby, Jeff Swinoga, Robert Kitchen, Jean Lafleur, and Cindy Valence. A total of 71,044,186 common shares were represented at the Meeting, representing 18.48% of the company's issued and outstanding shares.

The company reports it has approximately $15 million in cash and $6.9 million in confirmed non-dilutive Canadian government funding, which supports a twelve-month work program focused on three catalysts.

The funding will finance a work program built around the qualification of its two proprietary aluminum-scandium alloys; completion of an independent Preliminary Feasibility Study (PFS) on the TG zone at Crater Lake; and a $5 million drilling campaign designed to secure a representative metallurgical sample.

Raymond Chabot Grant Thornton was re-appointed as the company's auditor with 99.98% approval. Shareholders also approved the company's Share Option Plan with 93.03% support and the Restricted Share Unit Plan with 94.83% support.

Following the Meeting, Jeff Swinoga continues as Chairman of the Board and Guy Bourassa as Chief Executive Officer.

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

According to the company, the 2026 work program is fully funded from existing resources. Proceeds and grant funds are allocated against defined catalysts.

The alloy qualification campaign is underway with industrial partners for the company and its Scandium+ division’s two proprietary aluminum-scandium alloys, supplied as powders for L-PBF 3D printing and wires for welding, Wire Arc Additive Manufacturing (WAAM), and advanced manufacturing applications. Milestones will be communicated on a rolling basis through 2026 as each qualification stage is cleared.

Led by Norda Stelo, an independent PFS covering the TG zone of the Crater Lake project is in progress. Engineering contracts have been awarded, work is advancing, and completion is targeted for the end of summer 2026. The study integrates mineral resource, mine plan, processing, capital and operating cost parameters.

A drilling campaign on the Crater Lake property is scheduled for the 2026 field season. Its primary objective is to recover a representative sample of the TG zone to support metallurgical testwork scheduled for the first half of 2027.

Guy Bourassa, Chief Executive Officer of Scandium Canada, stated that with $15 million in cash and $6.9 million in government grant funding, the company is entering 2026 with every dollar allocated against a defined catalyst: alloy qualification, the PFS, and drilling at Crater Lake.

Scandium Canada (TSX-V: SCD) aims to bring the world's leading primary source of scandium into production, enabling the development and commercialization of aluminum-scandium (Al-Sc) alloys. The company is leveraging its Al-Sc alloy development division and the development of its Crater Lake mining project to meet the growing need for lighter, greener, longer-lasting, high-performance materials.

Scandium+, a division of Scandium Canada, is dedicated to the research, development, and commercialization of innovative scandium uses.

Source: Scandium Canada Ltd.