Scandium Canada Confirms No Undisclosed Material Information

(TheNewswire)

January15,2026 –TheNewswire - MONTRÉAL (QUÉBEC) – Scandium CanadaLtd. (TSX-V: SCD) (the“Corporation”) At therequest of theCanadian InvestmentRegulatory Organization(CIRO),Scandium Canada Ltd. confirms that it is not aware of any corporatedevelopments that would explain the recent increase in marketactivity.

Scandium Canada confirms that allmaterial information relating to its business and operations has beenpublicly disclosed in accordance with applicable securities laws andTSX Venture Exchange requirements.

About Scandium CanadaLtd.

Scandium Canada (TSX-V: SCD) is a publiccompany whose ultimate goal is to bring the world's leadingprimary source of scandium into production, enabling the developmentand commercialization of aluminum-scandium (Al-Sc) alloys. TheCorporation is leveraging its Al-Sc alloys development subsidiary andthe development of its Crater Lake mining project to meet the growingneed for lighter, greener, longer-lasting, high-performance materials.The Corporation aims to become a market leader in scandium, whilecommitting itself to building a more responsible economy throughinnovation and agility.

Forward-LookingStatements

All statementscontained in this press release including the above “About ScandiumCanada Ltd.” paragraph which essentially described theCorporation’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 todevelop such forward-looking information and a description of riskfactors that may cause actual results to differ materially fromforward-looking information can be found in the Corporation’sdisclosure documents on 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 itsAl-Sc alloys, and, more generally, its expectations and plans relatingto the future. Readers are cautioned not to place undue reliance onthese forward-looking statements as a number of important risk factorsand future events could cause the actual outcomes to differ materiallyfrom the beliefs, plans, objectives, expectations, anticipations,estimates, assumptions and intentions expressed in suchforward-looking statements. All of the forward-looking statements madein this press release are qualified by these cautionary statements andthose made in our other filings with the securities regulators ofCanada. The Corporation disclaims any intention or obligation toupdate or revise any forward-looking statement or to explain anymaterial difference between subsequent actual events and suchforward-looking statements, except to the extent required byapplicable law.

Neither the TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of thisrelease.

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