Mr. Guy Bourassa reports

SCANDIUM CANADA ANNOUNCES UPSIZE OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT TO $564,500

Due to strong demand, including from existing shareholders, Scandium Canada Ltd.'s previously announced private placement, is now oversubscribed. The company has elected to upsize the offering for aggregate gross proceeds of $564,500.

This offering consist of the issuance of units of the corporation at a price of 2.5 cents per unit. Each unit consists of one common share of the corporation and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share at an exercise price of five cents per common share for a period of 24 months from the date of issuance thereof.

The net proceeds from the sale of the units will be mainly used by the corporation for general and corporate working capital purposes, with no specific use representing 10 per cent or more of the gross proceeds. No proceeds from the offering will be used for investor relations purposes nor any payments will be made to non-arm's-length persons or to persons conducting investor relations activities.

The securities issued under the offering, including the common shares underlying the warrants will be subject to a hold period of four months and one day, under applicable Canadian securities laws and the concurrent TSX Venture Exchange hold period pursuant to the policies of the exchange. The offering remains subject to the approval of the exchange. Closing of the offering is expected to occur on or about Sept. 9, 2025.

About Scandium Canada Ltd.

Scandium Canada is a public company whose ultimate goal is to bring the world's leading primary source of scandium into production, enabling the development and commercialization of aluminum-scandium (Al-Sc) alloys. The corporation is leveraging its Al-Sc alloy development subsidiary and the development of its Crater Lake mining project to meet the growing need for lighter, greener, longer-lasting, high performance materials. The corporation aims to become a market leader in scandium, while committing itself to building a more responsible economy through innovation and agility.

We seek Safe Harbor.