Mr. Simon Thibault reports

SCANDIUM CANADA ANNOUNCES THE APPOINTMENT OF NOEL DUBE TO ITS BOARD OF DIRECTORS

Scandium Canada Ltd. has appointed Noel Dube, PEng, to its board of directors and as strategic adviser to its subsidiary Scalium+, to accelerate the commercialization of the specialized Scalium aluminum-scandium alloys and surface treatments. Mr. Dube's appointment was approved by the board of directors and is effective today, Monday, Sept. 21, 2026.

A long-standing shareholder of the company, Mr. Dube brings more than 20 years of technical and leadership experience in the technology sector. A graduate in engineering physics, he is a seasoned and active investor in Quebec technology funds. He invests in numerous private investment funds, and serves as a director, manager and technical adviser to several companies, where he rigorously evaluates technologies, sales and markets, as well as strategic business plans.

He served as president and chief executive officer of Reflex Photonics from October, 2013, to November, 2019. He was also vice-president, sales and business development, a member of the board of directors, and one of the founders of R/D Tech Inc., a highly successful research and development company that manufactured and marketed its non-destructive testing equipment in more than 50 countries. From 1990 to 2005, he held executive and management positions there that supported the company's growth from $2-million to $180-million in revenue, with 600 employees and 12 offices in numerous countries.

"Noel's appointment strengthens our board at an important stage in Scandium Canada's evolution," said Jeff Swinoga, chairman of the board of Scandium Canada. "He has advised the company since 2024 and understands both our technology and our strategy, so he comes to the board with a deep understanding of the opportunity ahead. Noel brings first-hand experience scaling technology businesses, commercializing highly technical products internationally and evaluating companies as an active technology investor. Those capabilities are particularly relevant as we accelerate the commercialization of Scalium+ while continuing to advance Crater Lake. As a long-standing shareholder, he also brings an important owner's perspective to the board. We look forward to Noel helping us translate technology and technical validation into customers, revenues and long-term shareholder value."

"Noel knows exactly what it takes to bring a technology from the laboratory to the market on an international scale," said Simon Thibault, president and chief executive officer, Scandium Canada, and president, Scalium+. "His experience in commercializing high-technology equipment and his network in the financial ecosystem will strengthen our vertical integration strategy: commercializing our Al-Sc alloys today while advancing the Crater Lake project."

"I have spent my career recognizing the ingredients shared by companies that succeed in scaling up, and that is what first led me to invest in Scandium Canada," added Noel Dube, director of Scandium Canada. "This is a project that checks every box: a world-class strategic resource on a continent looking for a reliable supply, an alloy technology that meets specific needs in several industries and, most importantly, a team that delivers. Having invested, I am now committing my time and my network. This is a company I truly believe in, and I am very proud to contribute to its success."

Stock option grant

In connection with this appointment, the company also announces the grant of 500,000 stock options to Mr. Dube in accordance with its stock option plan. Each option entitles the holder to acquire one common share of the company at an exercise price of 22 cents for a period of five years ending on Sept. 21, 2031. The stock options vest in accordance with the following schedule: one-36th (approximately 2.78 per cent) vests monthly starting on the last day of the month following Sept. 21, 2026. The grant remains subject to final approval by the TSX Venture Exchange.

About Scandium Canada Ltd.

Scandium Canada is a critical advanced material company developing North America's only vertically integrated primary source of scandium from its Crater Lake project in Nunavik, Quebec, to aluminum-scandium alloy products. Through Scalium+, its wholly owned commercialization subsidiary, the company brings proprietary, patent-pending Al-Sc alloys and the Scalium line of alloys and technologies to market today, while advancing the Crater Lake mining project for the future. This dual-engine strategy positions Scandium Canada to anchor a secure, resilient North American scandium supply chain and to shape the future of lighter, stronger and longer-lasting materials for advanced manufacturing end-users, while committing itself to building a more responsible economy through innovation and agility.

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