The acquisition brings the Al-Sc alloys of Scandium+ and the Scalium® product line of Ferreol Technologies under one roof, adding a proven Québec City commercial team, active alloy clients and an established production workflow to accelerate and de-risk the commercialization of the Company's proprietary specialized alloys for advanced manufacturing.
Montreal, Quebec--(Newsfile Corp. - June 29, 2026) - Scandium Canada Ltd. (TSXV: SCD) (the "Company" or "Scandium Canada") is pleased to announce the closing of the acquisition of all of the issued and outstanding shares in the capital of 9480-3798 Québec inc. (doing business as Ferreol Technologies, "Ferreol Technologies"), a company engaged in research and development, processing, and production activities of aluminum products and other alloys incorporating scandium, pursuant to a share purchase agreement dated June 29, 2026 (the "Agreement").
Following closing, Ferreol Technologies has been renamed Scalium+ Inc. ("Scalium+") and is now a wholly owned subsidiary of Scandium Canada dedicated to the commercialization of aluminum-scandium (Al-Sc) alloys developed by both organizations: the proprietary alloys engineered by the Company's Scandium+ division and the Scalium® line of alloys, one of the world's most advanced high strength aluminum scandium alloys. Based on Ferreol Technologies' internal testing under controlled conditions, some Scalium® alloys demonstrated strength results of up to 45% higher than typical 7075 aerospace aluminum. Subject to further testing for commercial applications and scale, certain Scalium® alloys may have the potential to substitute high-strength aluminum alloys or titanium in demanding high-stress applications. One Scalium® alloy is already commercialized and brought to market by the Ferreol Technologies team.
Highlights
Scandium Canada acquires a team with a proven track record in commercializing Al-Sc alloys, materially de-risking and accelerating the path to market for the Company's own alloy portfolio
Introduction of Scalium+, a wholly owned subsidiary, consolidating Al-Sc alloys commercialization for both Scandium Canada and Ferreol Technologies alloys
The Company gains an established production workflow in Québec and immediate commercial channels for Al-Sc alloys
Mr. Félix Lapointe, co-founder of Ferreol Technologies, is appointed Chief Executive Officer of Scalium+, which results in him being considered an insider of the Company within the meaning of applicable securities legislation
The transaction strengthens the Company's two-engine model: the Crater Lake primary scandium project upstream, and a now commercially active scandium-based alloys business downstream