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TMX Newsfile
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Québec City, Québec–(Newsfile Corp. – November 2, 2026) – Scandium Canada Ltd. (TSXV: SCD) (the “Company” or “Scandium Canada“) announces that Research Capital Corporation (“Research Capital”) has initiated equity research coverage of the Company, including its wholly owned alloy and technology subsidiary Scalium+, and has published an initiation report. Research Capital is the first equity research group to publish analyst coverage on Scandium Canada.
The initiation report, entitled “Building Scandium Demand: An Alloy-to-Mine Strategy” (the “Report”), was authored by Greg McLeish, CFA. The Company has not paid, and was not asked to pay, any fee or other compensation to Research Capital or its analyst in connection with the preparation or publication of the Report.
The Report assigns a “Speculative Buy” rating and sets a 12-month target price for the Company’s common shares.
To obtain a copy of the Report, please contact Research Capital directly through Greg McLeish, CFA, at gmcleish@researchcapital.com.
A link to Research Capital’s website is available on the Company’s analyst coverage page at scandium-canada.com/investors/coverage.
Any opinions, estimates, forecasts, ratings, recommendations or predictions regarding Scandium Canada or its past, current or future performance expressed in the Report are solely those of Research Capital and do not necessarily reflect the views of the Company, its management or its board of directors. The Company has not endorsed, adopted or approved any such opinions, estimates, forecasts, ratings, recommendations or predictions. The Company is not responsible for the content, accuracy or timeliness of the Report. Any reference to, or distribution of, the Report should not be construed as an endorsement by the Company of, or agreement with, any of the information, conclusions or recommendations contained therein. The Company undertakes no obligation to update this news release to reflect any subsequent changes in its coverage.
Research Capital acted as lead underwriter and sole bookrunner of the Company’s C$17.3 million bought deal private offering completed on March 17, 2026, in consideration for which the underwriters received cash commissions and broker warrants exercisable at C$0.22 per share until September 17, 2028, as disclosed in the Company’s news release of that date. Research Capital continues to hold broker warrants and may hold other securities of the Company.
About Scandium Canada Ltd.
Scandium Canada (TSXV: SCD) is a critical advanced materials company developing North America’s only vertically integrated primary source of scandium, from its Crater Lake project in Nunavik, Québec, to aluminum-scandium (Al-Sc) alloy products. Through Scalium+, its wholly owned commercialization subsidiary, the Company brings proprietary, patent-pending Al-Sc alloys and the Scalium® line of alloys and technologies to market today, while advancing the Crater Lake mining project for the future. This dual-engine strategy positions Scandium Canada to anchor a secure, resilient North American scandium supply chain and to shape the future of lighter, stronger and longer-lasting materials for advanced manufacturing end users, while committing itself to building a more responsible economy through innovation and agility.
