Scandium International Mining Announces Grant of Options

Rhea-AI Summary

Scandium International Mining (TSXV: SCY | OTC Pink: SCYYF) granted incentive stock options on February 25, 2026 to directors, officers, employees and consultants to purchase up to 11,500,000 common shares at C$0.09 per share.

The options term is five years and they vest immediately; this is the company's first option grant since November 2023.

Reno, Nevada--(Newsfile Corp. - March 2, 2026) - Scandium International Mining Corp. (TSXV: SCY) (OTC Pink: SCYYF) ("Scandium International" or the "Company") announces that incentive stock options were granted on February 25, 2026 to directors, officers, employees and consultants to purchase up to 11,500,000 common shares at a price of C$0.09 per share for five years, pursuant to its Omnibus Equity Incentive Plan. These stock options will vest immediately. This is the first grant of options since November 2023.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For inquiries to Scandium International Mining Corp, please contact:

Peter Evensen, President and CEO
Tel: (775) 355-9500

Harry de Jonge (Controller)
Tel: (702) 703-0178

Email: info@scandiummining.com

Cautionary Note Regarding Forward-Looking Information
This news release includes certain information that may be deemed "forward-looking information". Forward-looking information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "believe", "continue", "plans" or similar terminology, or negative connotations thereof. All information in this release, other than information of historical facts, general future plans and objectives for the Company and the Nyngan Scandium Project, are forward-looking information that involve various risks and uncertainties. Although the Company believes that the expectations expressed in such forward-looking information are based on reasonable assumptions, such expectations are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking information.

For more information on the Company and the key assumptions, risks and challenges with respect to the forward-looking information discussed herein, and about our business in general, investors should review the Company's most recently filed annual information form, and other continuous disclosure filings which are available at www.scandiummining.com. Readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285990

FAQ

How many options did Scandium International (SCYYF) grant on February 25, 2026 and at what price?

Scandium International granted 11,500,000 options exercisable at C$0.09 per share. According to the company, the grant occurred on February 25, 2026 under its Omnibus Equity Incentive Plan for five-year terms.

When do the Scandium International (SCYYF) options vest and how long are they exercisable?

The options vest immediately and have a five-year exercise term. According to the company, the grants were issued on February 25, 2026 and are governed by the Omnibus Equity Incentive Plan.

Who received the option grants from Scandium International (SCYYF) on February 25, 2026?

Options were granted to directors, officers, employees and consultants. According to the company, the distribution follows its Omnibus Equity Incentive Plan and covers the listed internal and external recipients.

Does the Scandium International (SCYYF) option grant immediately dilute existing shareholders?

The grant creates potential dilution if options are exercised, but actual dilution depends on outstanding share count and exercises. According to the company, 11.5 million options were issued at C$0.09, exercisable over five years.

Where can investors direct inquiries about the Scandium International (SCYYF) option grant?

Investors can contact the company by phone or email for details. According to the company, Peter Evensen (President and CEO) and Harry de Jonge (Controller) are listed contact points with provided phone numbers and email.