Core Points - Scandium International Mining Corp. announced that both the CEO Peter Evensen and CFO R. Christian Evensen exercised 400,000 options each at a price of C$0.14 [1] - Following these transactions, the Evensen family collectively owns 78,932,092 shares, which represents approximately 22.2% of the outstanding shares [2] Company Information - The company is based in Reno, Nevada and trades on TSXV under the ticker SCY and OTC Pink under SCYYF [1] - The shares owned by the Evensen family are held individually and through Scandium Investments Ltd, which is fully owned by family members [2]

Company Overview - Scandium Canada Ltd. aims to become a market leader in scandium production, focusing on the development and commercialization of aluminum-scandium (Al-Sc) alloys [5] - The company is leveraging its Crater Lake mining project to meet the increasing demand for lighter, greener, and high-performance materials [5] Private Placement Details - The company closed a non-brokered private placement, raising gross proceeds of $564,500 through the issuance of 22,580,000 units at a price of $0.025 per unit [1][2] - Each unit consists of one common share and one warrant, with each warrant allowing the purchase of one common share at an exercise price of $0.05 for 24 months [1] Use of Proceeds - The net proceeds from the offering will primarily be used for general corporate working capital purposes, with no specific use exceeding 10% of the gross proceeds [2] - No proceeds will be allocated for investor relations or payments to non-arm's length persons [2] Finder's Fees and Warrants - Finder's fees totaling $11,760 were paid to an arm's length finder, and 350,000 brokers' warrants were issued, allowing the acquisition of one common share at a price of $0.05 for 24 months [3] Regulatory Compliance - The securities issued are subject to a hold period of four months and one day under Canadian securities laws and require final approval from the TSX Venture Exchange [3]

Core Viewpoint - Scandium Canada Ltd. has successfully closed a non-brokered private placement of $334,000 with the Taasipitaakin Trust, controlled by the Naskapi Nation, to support the development of the Crater Lake project, the only primary source of scandium currently under development globally [1][2][3] Investment Details - The Taasipitaakin Trust subscribed to 16,700,000 units at a price of $0.02 per unit, with each unit consisting of one common share and one purchase warrant [1] - Each warrant allows the holder to purchase one common share at an exercise price of $0.05 for 24 months [1] Strategic Importance - This investment is part of a strategic growth initiative and aims to strengthen the relationship between Scandium Canada and the Naskapi Nation, contributing to the sustainable development of the Crater Lake project [2][3] - The investment represents a 5% ownership stake in Scandium Canada for the Taasipitaakin Trust, reflecting a commitment to responsible and inclusive development [3][4] Community Engagement - The Naskapi Nation emphasizes a diversified approach to participation in the mining industry, seeking to ensure that any future mining activities are acceptable to the community [4] - A Pre-development Agreement was signed on April 22, 2024, establishing a foundation for a long-term relationship based on trust and respect [6] Use of Proceeds - The net proceeds from the offering will primarily be used for general corporate working capital, with no specific use exceeding 10% of the gross proceeds [2] - No proceeds will be allocated for investor relations or payments to non-arm's length persons [2] Regulatory Compliance - The securities issued are subject to a hold period of four months and one day under Canadian securities laws, pending final approval from the TSX Venture Exchange [7]