Mr. Guy Bourassa reports

SCANDIUM CANADA CLARIFIES ITS FEBRUARY 11, 2026 PRESS RELEASE

Scandium Canada Ltd. has clarified an item contained in its press release issued on Feb. 11, 2026, entitled "Scandium Canada provides update on Scandium+ activities and development of its Al-Sc alloys."

In that release, in the second paragraph, the company stated, "For reference, the Crater Lake project is expected to produce 91 tonnes per year of scandium oxide." The company wishes to clarify that the volume of 91 tonnes represents a target set by management of the company as part of the prefeasibility study under preparation by the firm Norda Stelo (refer to the press release issued by the company on Feb. 6, 2026) and is not taken from an economic study or a technical report on the Crater Lake project. Management of the company considers, based on its analysis of the potential market, among other things for powders intended for 3-D printing and for welding wire, that a new scandium supply source with a capacity of nearly 91 tonnes per year could be justified, and this is why it continues to advance the steps required to complete such a prefeasibility analysis.

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 alloys. The company 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 company aims to become a market leader in scandium while committing itself to building a more responsible economy through innovation and agility.

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