February 4, 2026 – TheNewswire - MONTREAL, QUEBEC – Scandium Canada Ltd. (TSX-V: SCD) (the "Company") is pleased to announce the return of Mr. Jeff Swinoga, CPA, CA, MBA, as director and has been named as Chairman of the Board, effective Wednesday, February 4, 2026. Mr. Swinoga previously served as Chairman from October 2021 to May 2025, a period during which the Company transitioned from Imperial Mining Group to Scandium Canada and advanced the Crater Lake project through its updated resource estimation ...

Core Viewpoint - Scandium Canada Ltd. has signed a debt settlement agreement for $84,800, which will be settled through the issuance of shares, allowing the company to preserve cash and improve its balance sheet [1][2]. Group 1: Debt Settlement Details - The company will issue 513,939 common shares at a price of $0.165 per share to settle the debt [2]. - The debt settlement is formalized in a written agreement and is subject to approval from the TSX Venture Exchange [2]. - The issued shares will have a mandatory hold period of four months and one day from the date of issue, in compliance with securities laws [2]. Group 2: Company Overview - Scandium Canada Ltd. aims to become a leading primary source of scandium, focusing on the development and commercialization of aluminum-scandium (Al-Sc) alloys [4]. - The company is leveraging its Al-Sc alloy development subsidiary and the Crater Lake mining project to meet the demand for high-performance materials [4]. - Scandium Canada is committed to building a responsible economy through innovation and agility [4].

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]