SCD:CC - Scandium Canada Completes Summer Drilling Campaign at its Crater Lake Project

(TheNewswire)

MONTRÉAL, QUÉBEC – AUGUST 2, 2024– TheNewswire – Scandium Canada Ltd. (the“Company” or "Scandium Canada") ( TSX VENTURE: SCD;OTCQB: SCDCF ) is pleasedto report that it has completed  2,854 m of diamond drilling on itsCrater Lake project and that it is currently demobilizing the drillingequipment.

The drilling campaign had two main objectives. Thefirst one was to complete geomechanical drilling to determine theoptimal angles of the slopes of the proposed open pit design for thepre-feasibility study. It totaled 1,669 m in 6 holes.

The second objective was to confirm the potentialextension of the TG Zone for an additional 250m length. Currently thePreliminary Economic Assessment (“PEA”), originally filed in July2022, takes into consideration an initial mineralized zone of 350m inlength. The focus of the additional drilling completed this summer wasaround extending that zone (TG Zone North Lobe). The Company ispleased to report that mineralization is present in all holes. Intotal, 1,185 m in 7 holes have been drilled on the southernextension. The table below details these holes. The geologist iscurrently completing logging and preparing samples to be sent to thelab for assaying during August. Assay results will be released as theyare received.

Guy Bourassa, CEO, mentioned “We are very excitedwith the outcome of this drilling campaign. No doubt that themineralized zone extends to the South. It could significantly increasethe size of the Crater Lake project.”

Figure 1 – Crater Lake Drillhole Location Map

Click Image To View Full Size

Table 1 – 2024 Geological Drillhole Locations

The technical content in this press release wasprepared, reviewed and certified by Marina IUND, P. Geo, M. Sc.  aGeologist and Qualified Person as defined by NI43-101.

ABOUT SCANDIUM CANADA LTD.

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

For further information pleasecontact:

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

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