MONTREAL, QUEBEC — January 7, 2026 — Leads & Copy — Scandium Canada Ltd. (TSX-V: SCD) announced on January 6, 2026, that it has signed a debt settlement agreement with an arm’s length creditor for $84,800. The amount represents a portion of the debt owed to the creditor for services rendered for the Crater Lake project.
The company’s board of directors believes settling the debt through the issuance of shares is in the best interest of the company, as it allows the company to preserve cash for its operations, improve its balance sheet, and support the overall need to manage its financial resources prudently.
Under the terms of the agreement, Scandium Canada intends to settle this debt by issuing 513,939 common shares at a price of $0.165 per share. The debt settlement has been formalized in a written agreement and remains subject to the approval of the TSX Venture Exchange. The shares issued will be subject to a mandatory hold period of four months and one day from the date of issue, in accordance with securities laws.
No insider of the company is participating in this transaction. The company has not entered into any brokerage agreement in connection with this debt settlement.
Scandium Canada Ltd. aims 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.
Guy Bourassa, Chief Executive Officer, can be contacted at +1 (418) 580-2320 or via email at info@scandium-canada.com for additional information.
Source: Scandium Canada Ltd.
