MONTREAL, QUEBEC - July 16, 2026 (NEWMEDIAWIRE) - Scandium Canada Ltd. (TSX-V: SCD) (the "Company") is pleased to provide an update on the qualification and commercialization of its proprietary aluminum-scandium (Al-Sc) alloys, on the 2026 field program at its Crater Lake scandium project in Nunavik, Quebec, and on the filing of its financial report for the third quarter ended May 31, 2026.
Promising preliminary results from SC7075 wire trials and advancing commercial discussions
The Company's alloy strategy advanced on four fronts this quarter: promising preliminary results from its SC7075 Al-Sc welding wire, a widening set of commercial opportunities with Granges Powder Metallurgy, advancing commercialization discussions with Alpomet on welding-wire applications, and the successful acquisition of its new subsidiary Scalium+ (formerly Ferreol Technologies).
Wire samples of the Company's patent-pending modified SC7075 alloy have been shipped to a collaborator for Wire Arc Additive Manufacturing (WAAM) trials. Preliminary results are promising as the wire demonstrated the ability to produce structures comparably to a commercial wire without scandium; work now focuses on optimizing deposition parameters. This application alone could generate demand of up to 30 tonnes per year of scandium oxide, a market segment that does not currently exist. Rods of the Company's SC535 alloy also show promise in high-temperature applications.
Work under the Memorandum of Understanding with Granges Powder Metallurgy is expanding, now covering powders and plates, with a number of commercial opportunities identified, notably in energy and in defence with European OEMs.
Discussions with Alpomet on welding-wire applications are actively advancing. While no binding agreement is in place, the signal is clear that industrial users want qualified, weldable, high-strength aluminum wire.
On June 29, 2026, the Company closed the acquisition of Ferreol Technologies, now Scalium+ Inc. ("Scalium+"), its wholly owned alloy commercialization subsidiary (see press release dated June 29, 2026). Scalium+ brings an established Quebec City commercial team, active alloy clients and a proven production workflow, and consolidates the commercialization of the Company's Al-Sc alloys and of the Scalium(R) line. One Scalium(R) alloy is already commercialized, and based on internal testing under controlled conditions, some Scalium(R) alloys demonstrated strength results up to 45% higher than typical AA7075 aerospace aluminum. Integration is underway across commercial, production and administrative functions.