Scandium Canada Closes $564,500 Private Placement

September 12, 2025 — Scandium Canada Ltd. (TSX-V: SCD) has closed a non-brokered private placement, raising gross proceeds of $564,500. The offering involved issuing 22,580,000 units at $0.025 each, with each unit comprising one common share and one warrant.

Each warrant allows the holder to purchase one common share at $0.05 for 24 months from the issuance date. The funds will be used for general working capital. Finder's fees of $11,760 were paid, and 350,000 broker warrants were issued, exercisable at $0.05 for 24 months.

Securities issued are subject to a four-month hold period, pending final approval from the TSX Venture Exchange. This release does not constitute an offer to sell securities in the United States.

Scandium Canada aims to become a market leader in scandium, focusing on aluminum-scandium alloys and the Crater Lake mining project.

Guy Bourassa, CEO of Scandium Canada Ltd., can be reached at +1 (418) 580-2320 or info@scandium-canada.com.

Source: Scandium Canada Ltd.