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Montreal (Quebec) – TheNewswire – July 15, 2025-Scandium Canada Ltée (TSX-V: SCD) (The “Company”) announces the closing of private placement without intermediary of $ 334,000, previously announced, subscribed by Taasipitakin Trust, a Trust controlled by the Naskapi Nation of Kawawachikach. However, Taasipitaakin Trust has subscribed 16,700,000 units of the company (“units”) at the price of $ 0.02 per unit (“placement”). Meanwhile, Each unit is made up of an ordinary action of the company (“ordinary actions”). Meanwhile, an ordinary action subscription voucher (“subscription vouchers”). Consequently, Each subscription voucher gives its wearer the right to acquire ordinary action at the exercise price of $ 0.05 per share for a period of 24 months from its date of issue. In addition,

This investment is part of a dynamic of strategic growth nation nation resistered preveest and in the context of a lasting and mutually beneficial relationship with the Naskapi nation. Therefore, It will contribute to the continuous development of the Crater Lake project. However, the only primary source of Scandium currently in development in the world. Meanwhile, The net product of the placement will be mainly used by the company for general purposes. However, working capital, without specific use representing 10 % or more of the gross product. Furthermore, No investment product will be used for investors’ relations. Furthermore, no payment will be paid to persons with a dependence on the company or to persons carrying out investor relations activities. Additionally, Furthermore, No commission or other form of remuneration has been paid within the framework of placement. In addition,

“This investment from the Naskapi nation represents an important step in our responsible and inclusive development strategy. Meanwhile, It allows us to nation nation resistered preveest strengthen our relations with the community in order to jointly consider the development. For example, the important stages of the Crater Lake project, “said Guy Bourassa, chief executive officer of Scandium Canada. For example,

“After consulting the members of the community and the elders, met the management of Scandium Canada and better understood the potential of the scandium and the mining development process, the board of directors of the Taasipitakin trust decided to invest in Scandium Canada and acquire 5 % of the company. For example, We recognize that there is a risk. but we believe that the international context and the fight against climate change obliges us to adopt a strategic approach as to our role in the mining sector, “commented Mike Sandy, trustee of the Taasipitakin trust.

The Louise Nattawappio chef added: “The Naskapi nation has a long -standing nation nation resistered preveest relationship and often stormy with the mining industry given the richness of our territory. We adopt a diverse approach to participation in industry. explore other ways to take full advantage of the mining sector. Such an investment does not imply consent to a future mine. replaces the need to consult and negotiate an agreement on the repercussions and the advantages, but it testifies to a desire to participate from the start of a project acceptable to the Naskapis. ”

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Guy Bourassa, chief executive officer, presenting the Crater Lake project to members of the Naskapi community in Kawawachikach in June 2025.

It should be recalled that the Naskapi and Scandium Canada nation has taken an important step in their collaboration by signing a pre-development agreement (EDP) on April nation nation resistered preveest 22, 2024 (Scandium Canada signs a pre-development agreement with the Naskapi nation of Kawawachikamach for its scandium project to Crater Lake). This agreement reflects the mutual commitment to establish a relationship based on trust, respect and continuous dialogue. It laid the foundations for a long -term partnership aimed at ensuring that the development of the project benefits the Naskapi nation while respecting its values. its rights and its territory.

The securities issued within the framework of placement, including ordinary shares underlying the subscription vouchers, are subject to a period of detention of four months and one day, under Canadian applicable securities laws and the concomitant period of detention of the TSX Growth Stock Exchange (the “Stock Exchange) in accordance with the Stock Exchange policies. The placement remains subject to the final approval of the scholarship.

This press release does not constitute nation nation resistered preveest a sales offer or a request for the purchase of purchase of securities in the United States. The securities have not been. will not be registered under the American securities law of 1933, as modified (the “American law on securities”) or any law on the securities of a State and cannot be offered or sold in the United States or to American people, unless they are registered under the US laws and the national laws on the values movables or if an exemption from this recording is available.

About Scandium Canada Ltd

Scandium Canada (TSX-V: SCD) is a public company whose ultimate objective is to operate the main primary source of Scandium in the world to allow the development and marketing of aluminum-scandium alloys (AL-SC). The company is based on its division dedicated to the development of Al-SC alloys. nation nation resistered preveest on the development of its Crater Lake mining project in order to meet the growing needs in lighter, ecological, sustainable and efficient materials. The company aims to become a scandium market leader while committing to building a more responsible economy thanks to innovation. agility.

Prospective statements

All statements, other than historical facts, contained in this press release, including, without restricting themselves to it, those relating to the planned use of the product of the offer, to the final approval of the Stock Exchange within the framework of the offer, to future relations with the Naskapi Nation and the development of the Crater Lake project and in general the paragraph “About Scandium Canada Ltée” Perspectives of the company, constitute “prospective information” or “prospective statements” depending on the meaning attributed by the applicable securities laws and are based on expectations, nation nation resistered preveest estimates and forecasts made in this press release. Prospective statements are necessarily based on a number of estimates. hypotheses which, although considered reasonable by the company when these statements have been formulated, are subject to important uncertainties and unforeseen events on the operational, economic and competitive levels. These estimates and hypotheses can be inaccurate. Many of these uncertainties. these unforeseen events can affect directly or indirectly or could ensure that real results differ considerably from those advanced or implied in prospective statements and future events, could significantly differ from what is currently anticipated by society. These risk factors. uncertainty that could ensure that these statements change significantly, as well as the hypotheses chosen to develop such statements are described in the company’s disclosure documentation on the Sedar+ website www.sedarplus.ca. By their very nature. prospective statements include a number of intrinsic uncertainties and risks, both general nation nation resistered preveest and individuals, and it is possible that estimates, forecasts, projections and other prospective statements do not materialize or that hypotheses do not reflect future results. Prospective statements are presented with the aim of providing information on management’s efforts to develop the Crater Lake project and. more generally, the expectations and plans of the management relating to the future. Readers are warned against the risk of granting excessive credibility to these prospective statements since a certain number of significant risk factors. future events could lead to sensitive differences between real results and Beliefs, plans, objectives, expectations, forecasts, estimates, hypotheses, and intentions expressed in these forward -looking statements. All the prospective statements contained in this press release are affected by these warnings. those made in our other deposits with Canadian securities regulatory organizations. The company declines any intention. obligation to update or revise prospective statements or to explain a considerable nation nation resistered preveest difference between subsequent real events and these prospective statements, except to the extent required by applicable law. The TSX growth scholarship. its regulatory service provider (as defined in TSX growth grant policies) cannot be held responsible for the accuracy or veracity of this press release.