Eureka Metals Identifies Consistent Scandium Mineralization at Tyee Titanium Project in Québec
Scandium recovery remains subject to further studies, while the marketing budget increased by €500,000.
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Rhea-AI Summary
Eureka Metals (UREKF) identified scandium in titanium-rich mineralization at its Tyee Titanium Project in Québec during its 2026 exploration program. The 34 grab samples averaged 26.8 ppm scandium, with a maximum of 41 ppm; 16 samples contained at least 30 ppm, including 12 containing at least 35 ppm. Scandium was detected in nearly all samples.
Eureka sees potential for additional value alongside titanium, but further mineralogical and processing studies are required to determine whether scandium can be recovered. Grab samples are selective and not necessarily representative of the Project. Comparability with Rio Tinto's Lac Tio mine has not been established, and no processing arrangement exists with Rio Tinto.
Eureka also extended its MCS marketing engagement by 12 months, through November 11, 2027, and increased its budget by €500,000, including advertising and agency fees.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Minor point34 grab samples from the 2026 program averaged 26.8 ppm scandium.
- Minor pointMaximum scandium concentration reached 41 ppm in the 2026 grab sampling program.
- Minor point16 samples contained at least 30 ppm scandium, including 12 containing at least 35 ppm.
- Minor pointScandium was detected in nearly all samples, commonly with highest values in titanium-rich mineralization.
Negative
- Moderate pointMCS marketing budget increased by €500,000 for a 12-month extension through November 11, 2027.
- Minor point. Forward-looking: it has not happened yet and may not happen.Scandium recoverability requires further mineralogical and metallurgical work.
- Minor pointSelective grab samples are not necessarily representative of mineralization across Tyee.
- Minor pointComparability with Lac Tio is unestablished; Eureka has no processing arrangement with Rio Tinto.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - October 8, 2026) - Eureka Metals Corp. (CSE: ERKA) (OTCQB: UREKF) (FSE: S580) ("Eureka" or the "Company") is pleased to report scandium assay results from its 2026 exploration program at the Tyee Titanium Project ("Tyee" or the "Project") in Québec.
The results identify scandium within titanium-rich mineralization across the Project, highlighting its potential as an additional critical mineral alongside titanium.
Tyee is located within the Havre-Saint-Pierre Anorthosite Complex, which also hosts Rio Tinto's Lac Tio titanium mine. Rio Tinto currently recovers scandium as a by-product of titanium processing at its Sorel-Tracy metallurgical complex in Québec.
Highlights
- 34 grab samples returned an average of 26.8 ppm scandium, with a maximum of 41 ppm.1
- 16 samples returned at least 30 ppm scandium, including 12 samples containing 35 ppm or more.
- Scandium is a critical mineral used in high-performance aluminum alloys, including for aerospace applications, as well as in solid oxide fuel cells and other advanced technologies.
- Rio Tinto currently recovers scandium as a by-product of titanium processing at its Sorel-Tracy facility in Québec.
- The Canada Growth Fund announced a C
$25 million investment in November 2025 to expand scandium oxide production at Rio Tinto's Sorel-Tracy facility.
"Scandium adds an interesting new dimension to the Tyee story," said Danny Matthews, Chief Executive Officer of Eureka Metals. "Our primary focus remains titanium, but these results show that scandium is also consistently present in the mineralization we are exploring.
"What makes this particularly relevant is that Québec already has an established titanium industry that produces scandium as a by-product. Rio Tinto's operations at Sorel-Tracy demonstrate that scandium can be recovered alongside titanium processing, providing useful context as we investigate the broader potential of our mineralization. These results give us another reason to investigate the broader value of the mineralization across the Project."
Scandium Results at Tyee
The scandium results were obtained from samples collected during Eureka's 2026 exploration program, which identified multiple occurrences of massive ilmenite mineralization across the Project.
Scandium was detected in nearly all samples, with the highest values commonly associated with titanium-rich mineralization.
Table 1: Scandium Results from 2026 Grab Sampling Program¹
| Scandium (Sc) | Results | |
| Samples analyzed | 34 | |
| Average | 26.8 ppm | |
| Maximum | 41 ppm | |
| Samples ≥30 ppm | 16 | |
| Samples ≥35 ppm | 12 |
The results are notable because scandium is generally recovered as a by-product of other mining and processing operations rather than mined as a primary product. For Eureka, the results introduce the possibility that scandium could provide additional value alongside the titanium mineralization being explored at Tyee.
Québec's Titanium and Scandium Industry
Tyee is located within the Havre-Saint-Pierre Anorthosite Complex, the same regional geological setting that hosts Rio Tinto's Lac Tio titanium mine.
Ilmenite from Lac Tio is processed at Rio Tinto's Sorel-Tracy metallurgical complex in Québec, where Rio Tinto also recovers scandium oxide from a waste stream generated during titanium processing.
In November 2025, Canada Growth Fund announced an approximately C
These developments demonstrate the growing industrial interest in recovering scandium from titanium operations and provide useful context for Eureka's emerging scandium results.2
Scandium Applications and Supply
Scandium is a critical mineral used in high-performance aluminum alloys, solid oxide fuel cells and other advanced technologies.
When added to aluminum in small quantities, scandium can improve strength and other material properties, making scandium-aluminum alloys attractive for aerospace and other applications where weight and performance are important.
Despite these applications, scandium production remains limited, in part because it is generally recovered as a by-product rather than mined directly.
While the results highlight the potential for scandium to contribute additional value at Tyee, further mineralogical and metallurgical work will be required to determine how scandium occurs within the mineralization and whether it can be recovered alongside titanium.
Quality Assurance / Quality Control
The 2026 surface exploration program was managed by IOS Geosciences. Rock samples were collected using a hammer and chisel, placed in plastic bags and identified using IOS' standard sample-numbering procedures. Sample bags were secured with zip ties and transported by field crews to IOS' facilities in Saguenay, Québec, prior to shipment to the analytical laboratory together with quality assurance and quality control ("QA/QC") samples.
Samples were submitted to Actlabs in Ancaster, Ontario, for preparation and analysis. Samples were analyzed by X-ray fluorescence ("XRF") on fused discs using analytical package 4C (11+). The samples were later re-analysed for scandium using borate fusion followed by Inductively Coupled Plasma Optical Emission Spectroscopy (ICP-OES) analysis (package method 4B). IOS inserted four QA/QC samples, consisting of two blanks and two certified reference materials (OREAS 86). Actlabs also conducted its internal QA/QC procedures. All QA/QC results fell within acceptable ranges
Marketing Engagement
The Company also announces that it has extended its previously announced marketing engagement with MCS Market Communication Service GmbH ("MCS") (Saarlandstraße 28, 58511 Lüdenscheid, Germany; info@mcsmarket.de; +49 177 248 1220) for an additional 12 months, through November 11, 2027, and increased the marketing budget by €500,000, inclusive of advertising expenditures and agency fees.
MCS will continue to provide digital marketing and investor awareness services through online advertising platforms and other digital channels, as previously described in the Company's July 8, 2026 news release. The engagement may be extended or shortened at the discretion of management, subject to the terms of the agreement.
MCS is at arm's length to the Company and does not currently hold any securities of Eureka. No securities-based compensation has been provided or is contemplated under the engagement.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Ryan Versloot, P.Geo., a technical advisor to the Company and a Qualified Person as defined under National Instrument 43-101.
1 Grab samples are selective in nature and are not necessarily representative of mineralization hosted on the Project.
2 While Tyee is located within the same regional geological complex as Lac Tio, the Company has not established that Tyee is comparable to Lac Tio in terms of mineralogy, scale, continuity, processing characteristics or economic potential. There is no processing arrangement between Eureka and Rio Tinto, and further work is required to assess the recoverability of scandium at Tyee.
About Eureka Metals Corp.
Eureka Metals Corp. is a Canadian mineral exploration company focused on the acquisition and advancement of exploration projects in Canada. The Company holds a
On behalf of the Board of Directors
Danny Matthews
Chief Executive Officer
Email: info@eurekametals.com
Cautionary Statement
Certain statements contained in this news release constitute forward-looking statements within the meaning of applicable securities laws, including statements regarding the potential for scandium to contribute additional value at the Tyee Project, the potential recoverability of scandium alongside titanium, and the Company's future exploration, mineralogical and metallurgical work. Forward-looking statements may contain words such as "will", "expects", "anticipates", "intends", "plans", "believes", "estimates", "potential", or similar expressions, and include statements related to matters which are not historical facts.
Such forward-looking statements reflect management's expectations and are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this news release are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news release or to reflect the occurrence of unanticipated events, except as expressly required by law.
The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/318050
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What scandium results did Eureka Metals report at Tyee?
The 2026 program's 34 grab samples averaged 26.8 ppm scandium and reached a maximum of 41 ppm. Sixteen samples contained at least 30 ppm, including 12 containing at least 35 ppm. These selective samples are not necessarily representative of mineralization across the Project.
Can Eureka Metals recover scandium alongside titanium at Tyee?
Scandium recovery at Tyee remains undetermined and requires further mineralogical and metallurgical work. Those studies must establish how scandium occurs within the mineralization and whether it can be recovered alongside titanium. Eureka has no processing arrangement with Rio Tinto.
How were Eureka Metals' Tyee scandium samples analyzed?
Actlabs in Ancaster, Ontario, re-analyzed the samples for scandium using borate fusion followed by inductively coupled plasma optical emission spectroscopy, a method that measures elemental concentrations. IOS inserted two blanks and two certified reference materials, and Actlabs performed internal quality checks. All quality-control results fell within acceptable ranges.