SCD:CC - Important information for Scandium Canada shareholders concerning the on-going Rights Offering

(TheNewswire)

MONTRÉAL, QUÉBEC – TheNewswire - June 27, 2024 – Scandium Canada Ltd. (the “Company” or"Scandium Canada") ( TSX VENTURE: SCD ) ; ( OTCQB: SCDCF ) confirms that all shareholders that have their shares in abrokerage account (“on-line” or “fullservice”), have now received directly in their account, the Rightsto subscribe Units of the Corporation. They are referred to as SCD.RT and are listedfor trading on the TSX Venture Exchange (the “ TSXV ”) . Since the exercise of the Rights is done electronically,nobody will contact you and no Subscription form was sent. Please notethat if you wish to exercise your rights, you absolutely need to contact your brokeror the online trading firm, to give them the instructions to doso. Depending on the brokerage firm you aredealing with, the settlement delays may vary, and we urge you to actas soon as possible but at the latest on July 2 nd if you decideto exercise your Rights.

The shareholders that hold their shares directly have received from Computershare, documents relating to the Rightsoffering, including a Subscription form to be completed and returnedwith the payment. The form must be received by Computershare before16:00 on July 5.

As a reminder, 2.344039 rights are required to purchaseone Unit at $0,0325. Each Unit is comprised of one (1) share and one(1) share purchase warrant at 0,05$ for a 24-month period. Therefore,a shareholder that holds 100,000 shares/rights has the right tosubscribe to 42,661 Units for an amount of approximatively $1,386.50(100,000/2,344039*0,0325$).

If you need assistance or have questions relating tothe exercise of the Rights, please do not hesitate to contact thepersons mentioned below. .

Completion of the Rights Offering is subject toregulatory final approval, including the approval of the TSXV.

This new release does not constitutean offer to sell or a solicitation of an offer to buy any of thesecurities in the United States. The securities have not been and willnot be registered under the United States Securities Act of 1933, asamended (the " U.S. Securities Act ") or any state securities laws andmay not be offered or sold within the United States or to U.S. Personsunless registered under the U.S. Securities Act and applicable statesecurities laws or an exemption from such registration is available.

ABOUT SCANDIUM CANADA LTD.

Scandium Canada is a Canadian technology metals companyfocused on advancing its flagship Crater Lake scandium and rare earthprojects in Québec.

Forward-Looking Statements

All statements, other thanstatements of historical fact, contained in this press releaseincluding, but not limited to, those relating to the intended use ofproceeds of the Rights Offering, the completion of the RightsOffering, the approval of the TSXV in connection with the RightsOffering, the completion of the Standby Commitment, and, generally,the above “About Scandium Canada Ltd.” paragraph which essentiallydescribed the Corporation’s outlook, constitute “forward-lookinginformation" or “forward-looking statements” within themeaning of applicable securities laws, and are based on expectations,estimates and projections as of the time of this press release.Forward-looking statements are necessarily based upon a number ofestimates and assumption that, while considered reasonable by theCorporation as of the time of such statements, are inherently subjectto significant business, economic and competitive uncertainties, andcontingencies. These estimates and assumption may prove to beincorrect. Many of these uncertainties and contingencies can directlyor indirectly affect, and could cause, actual results to differmaterially from those expressed or implied in any forward-lookingstatements and future events, could differ materially from thoseanticipated in such statements. A description of assumptions used to develop suchforward-looking information and a description of risk factors that maycause actual results to differ materially from forward-lookinginformation can be found in the Corporation’s disclosure documentson the SEDAR+ website at www.sedarplus.ca .

By their very nature,forward-looking statements involve inherent risks and uncertainties,both general and specific, and risks exist that estimates, forecasts,projections and other forward-looking statements will not be achievedor that assumptions do not reflect future experience. Forward-lookingstatements are provided for the purpose of providing information aboutmanagement’s endeavors to develop the Crater Lake project, and, moregenerally, its expectations and plans relating to the future. Readersare cautioned not to place undue reliance on these forward-lookingstatements as a number of important risk factors and future eventscould cause the actual outcomes to differ materially from the beliefs,plans, objectives, expectations, anticipations, estimates, assumptionsand intentions expressed in such forward-looking statements. All ofthe forward-looking statements made in this press release arequalified by these cautionary statements and those made in our otherfilings with the securities regulators of Canada. The Corporationdisclaims any intention or obligation to update or revise anyforward-looking statement or to explain any material differencebetween subsequent actual events and such forward-looking statements,except to the extent required by applicable law.

Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.

For further information pleasecontact:

Website: www.scandium-canada.com.com Twitter: @ScandiumCanada Facebook: Scandium Canada Ltd. Linkedin.com: Scandium canada Ltd. Instagram:@scandiumcanada

Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FORRELEASE OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART,IN OR INTO THE UNITED STATES.

Copyright (c) 2024 TheNewswire - All rights reserved.