Scandium Canada (SCDCF) has appointed Jean-François Marchand as Chief Product Officer and Laurent Garnier as Senior Metallurgist at Scalium+. The wholly owned alloys subsidiary expects the hires to support commercialization and accelerate projects already under way.
Scandium Canada acquired Ferreol Technologies in June 2026, forming Scalium+. By July, the subsidiary had active clients and an alloy commercialized in coiled strip, with industrial-partner trials to qualify other forms. In August, Ferreol Skis announced the integration of Scalium alloy into every ski in its 2026–2027 collection. The Canadian Space Agency also formally confirmed Scalium+ as beneficiary of a contribution agreement to adapt the alloy for space applications. That project extends to May 31, 2028.
Scandium Canada (SCDCF) announced that Research Capital initiated equity research coverage of the company and its wholly owned subsidiary Scalium+.
The report, authored by Greg McLeish, assigns a “Speculative Buy” rating and sets a 12-month share-price target. Research Capital is the first equity research group to publish coverage of Scandium Canada. No fee or other compensation was paid or requested for the report.
Research Capital previously led the company's C$17.3 million bought deal private offering, completed March 17, 2026. It continues to hold broker warrants exercisable at C$0.22 per share until September 17, 2028, and may hold other company securities. The report's opinions are Research Capital's own and have not been endorsed by Scandium Canada.
Scandium Canada (SCDCF) completed a 10,018-metre drilling campaign at its Crater Lake scandium project in Nunavik, Québec, exceeding its original plan. The campaign covered 49 holes versus 16 holes and 4,000 metres planned. The TG deposit's prospective footprint extended by 485 metres to nearly 1.2 kilometres. A new parallel zone about 140 metres east spans at least 500 metres within the 2025 pit shell design; its assays remain pending.
A 15-tonne bulk sample was collected for metallurgical testing required for a future feasibility study. Assays have been received for 28 holes, with the remaining 21 expected in November. The company expects an updated mineral resource estimate before year-end 2026, supporting a preliminary economic assessment in early 2027.
Scandium Canada (SCDCF) discovered a new ferrosyenite zone at its Crater Lake project, with drilling covering a 500-metre portion. Six holes intersected ferrosyenite, the same rock type as the current TG deposit resource, along a previously untested 750-metre magnetic anomaly in Nunavik, Québec. The East Zone is 146 metres east of the TG deposit and within the existing 2025 pit design.
Reported drill-core intervals include 48.90 metres in CL26109, 36.70 metres in CL26110 and 39.50 metres in CL26113. These are downhole lengths, not established true thicknesses. Assays for all six holes are pending; rock descriptions rely on visual observations, which do not establish scandium grades. Grades will be reported after results are received and validated. The company is advancing toward an updated mineral resource estimate by year-end 2026.
Scandium Canada (SCDCF) reported a 150.1-metre scandium-bearing drill interval north of the current TG deposit resource at Crater Lake.
Hole CL26095 returned 292 ppm scandium oxide, including 92.8 metres at 344.5 ppm; ppm means parts per million. The hole lies approximately 150 metres north of the resource limit. Thirteen holes have been drilled in northern extension areas, potentially extending mineralization by about 335 metres.
As of October 6, drilling totaled 9,102 metres across 45 holes. The company expects four additional holes and completion around October 15, with results from seven northern holes expected around that date. Norda Stelo will prepare an updated mineral resource estimate after all campaign assays are received and validated.
Scandium Canada (SCDCF) reported its best intercept to date from the 2026 Crater Lake drilling program, with hole CLB-26-076 cutting 140.15 m grading 293 ppm Sc₂O₃, including 29.8 m at 511.63 ppm and a 0.95 m sample at 1,033.85 ppm.
Three holes have now each delivered more than 100 m of continuous scandium mineralization (CLB-26-076: 140 m, CLB-26-072: 125 m, CLB-26-080: 102 m). All 12 holes reported to date intersected scandium-bearing lithologies at grades in line with the 2025 mineral resource estimate, supporting the current geological model. In total, 40 holes for 7,701 m have been drilled, with 15 holes confirming favourable lithologies along the North and South extensions of the TG deposit, potentially extending mineralized zones by about 245 m. The 2026 drilling campaign is expected to conclude by October 13, 2026.
Scandium Canada (SCDCF) has appointed Noel Dubé, P.Eng., to its Board of Directors and as Strategic Advisor to subsidiary Scalium+, effective September 21, 2026.
Dubé is a long-standing shareholder with more than 20 years of technical and leadership experience in the technology sector, including roles as President and CEO of Reflex Photonics and co‑founder and senior executive at R/D Tech, where revenue grew from C$2 million to C$180 million between 1990 and 2005. The company highlights his experience scaling technology businesses, commercializing complex products internationally and evaluating companies as an active technology investor as directly relevant to accelerating commercialization of Scalium® aluminum‑scandium alloys and advancing the Crater Lake project.
In connection with his appointment, Dubé was granted 500,000 stock options, each exercisable at $0.22 per share for five years, expiring September 21, 2031, vesting monthly over 36 months. The option grant remains subject to final TSX Venture Exchange approval.
Scandium Canada (OTCQB:SCDCF, TSXV:SCD) announced that its wholly owned subsidiary Scalium+ is advancing adaptation of its Scalium® aluminum‑scandium alloy for space applications under an existing Canadian Space Agency (CSA) R&D contribution agreement.
The CSA agreement provides a non‑repayable contribution of $348,750 for a project running to May 31, 2028. The program will scale Scalium® from thin sheet to thick plate, validate performance, and demonstrate use in next‑generation Canadian satellites, aiming to reduce component mass. An August 17, 2026 amendment confirms Scalium+ as beneficiary following Scandium Canada’s June 29, 2026 acquisition of Ferreol Technologies, with project terms and management continuity maintained.
Scandium Canada (OTCQB:SCDCF, TSXV:SCD) reported first assay results from its 2026 diamond drilling at the Crater Lake scandium project in Nunavik, Québec. Bulk-sample holes in the TG deposit’s South Lobe intersected scandium-bearing ferrosyenites with grades consistent with the 2025 mineral resource estimate, including 124.9 m at 232 ppm Sc₂O₃ in hole CLB26072 and intervals up to 641 ppm.
A new high-density drone magnetic survey outlined a magnetic corridor of favorable host rocks extending nearly 5 km, with about 3 km from the Discovery zone through the TG deposit and its extensions. The survey refined drill targeting, leading to added resource-extension and exploration holes, with about 4,500 m of drilling remaining in 2026. Management now plans an updated mineral resource estimate by late 2026 and will complete a NI 43-101 Preliminary Economic Assessment, while postponing the previously planned 2026 pre-feasibility study. Process optimization work suggests a less costly flowsheet, and the scandium oxide plant is planned for a brownfield site in the Schefferville region, supplied by ore trucked roughly 350 km from the mine.
Scandium Canada (TSXV:SCD, OTC:SCDCF) appointed Simon Thibault as President and CEO of Scandium Canada and President of its alloys subsidiary Scalium+, effective August 24, 2026, following a planned succession process. Former CEO Guy Bourassa remains on the Board and becomes Strategic Advisor to Management, focusing on Crater Lake–related projects.
Thibault previously led EV critical materials sourcing at General Motors and has 20 years’ experience in mining, critical and battery materials, and automotive sectors. The Board granted him 3,000,000 stock options at an exercise price of $0.22, expiring August 21, 2031, vesting monthly over 36 months, subject to TSX Venture Exchange approval. Pierre Neatby resigned as President, COO and director effective August 21, 2026.