Scandium Canada Advances Canada's Leadership in Critical Minerals
MONTREAL, QUEBEC — March 2, 2026 — Leads & Copy — Scandium Canada Ltd. (TSX-V: SCD) has signed a non-refundable contribution agreement of up to $6,915,478 under Natural Resources Canada’s Global Partnerships Initiative (GPI) for the Company’s Crater Lake scandium and rare earth elements project in Québec and its proprietary Al-Sc alloys.
The agreement, announced at PDAC 2026 by The Honourable Tim Hodgson, Minister of Energy and Natural Resources, and Guy Bourassa, Chief Executive Officer of Scandium Canada, marks a defining moment for the G7 Critical Minerals Production Alliance, led by Canada.
The federal support reflects the strategic value of the Crater Lake project, its proprietary Al-Sc alloys and the Company’s scientific expertise and international partnerships. The GPI contribution represents 69% of the project costs and will be used to scale up the company’s patent-pending processes for the beneficiation, extraction, and purification of scandium and rare earth elements (REEs) through mineral processing test work and by progressing to FEL-3 engineering standards, completing detailed design and specifications, and developing a comprehensive cost estimate and execution schedule. Additionally, the project will carry out applied research with end users to optimize aluminium-scandium alloys products.
This federal support unlocks immediate value for the Company’s strategic partners, without waiting for the Crater Lake mine to reach full production, through its Scandium+ division. Scandium Canada continues to advance the integration of its proprietary scandium-modified AA535 and AA7075 alloys into GPM’s product offering without waiting for the Crater Lake mine to reach full production, further to the Memorandum of Understanding signed with Gränges Powder Metallurgy (“GPM”) in November 2025. GPM, a wholly owned subsidiary of the global aluminum technology company Gränges Group, is a global supplier of spray-formed aluminum products and aluminum powders for additive manufacturing, and this collaboration brings to the world stage a technological breakthrough in high-performance, scandium-enhanced alloys.
A second partner stands to benefit directly from Scandium Canada’s specialized metallurgical knowledge for the recovery of scandium from polymetallic deposits. This collaboration extends the reach of Canadian scientific expertise into international mining operations, creating value for both parties well ahead of Crater Lake’s production timeline.
A third partner represents a natural strategic fit as Scandium Canada advances toward production. Both organizations share a commitment to building resilient, non-Chinese supply chains for critical minerals, and this partnership lays the groundwork for deeper collaboration as the Crater Lake project matures.
Guy Bourassa, Chief Executive Officer, Scandium Canada, said it is a privilege to be among the few Canadian companies selected under the GPI, a recognition that speaks directly to the strategic importance of Crater Lake as North America’s largest primary source of scandium as well as important developments of Al-Sc alloys amenable to 3D printing and advanced manufacturing. Bourassa added that NRCan’s support is a crucial milestone that provides non-dilutive funding through 2028, allowing the team to focus entirely on execution.
The Honourable Tim Hodgson, Minister of Energy and Natural Resources, said that Canada and its partners are putting real capital behind the secure and sustainable critical mineral supply chains that economies and defence industries rely on. Hodgson added that by working with companies like Scandium Canada, the company is helping deliver the minerals the world needs and the prosperity and security Canadians deserve.
The Global Partnerships Initiative is a Natural Resources Canada program designed to support the development of critical minerals projects in Canada. The GPI program aims to strengthen domestic supply chains and advance Canada’s position as a reliable supplier of critical minerals to global markets, particularly to allied nations seeking to reduce dependency on foreign sources.
Scandium Canada (TSX-V: SCD) 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.
Source: Scandium Canada Ltd.
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