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Two Blokes Jul 15 -
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MONTREAL (QUEBEC) – TheNewswire - July 15, 2025 - Scandium Canada Ltd. (TSX-V: SCD) (the "Corporation") announces the closing of its previously announced non-brokered private placement of $334,000 subscribed by Taasipitaakin Trust, a trust controlled by the Naskapi Nation of Kawawachikamach. The Taasipitaakin Trust has subscribed to 16,700,000 units of the Corporation (the “ Units ”) at a price of $0.02 per Unit (the “ Offering ”) . Each Unit consists of one common share of the Corporation (the “ Common Shares ”) and one Common Share purchase warrant (the “ Warrants ”). Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $0.05 per Common Share for a period of 24 months from the date of issuance thereof. This investment is part of the strategic growth dynamic, and of the ongoing sustainable and mutually beneficial relationship with the Naskapi Nation . The investment will contribute to the ongoing development of the Crater Lake project, the only primary source of scandium currently under development in the world. The net proceeds from the Offering will be mainly used by the Corporation for general and corporate working capital purposes, with no specific use representing 10% or more of the gross proceeds. No proceeds from the Offering will be used for investor relations purposes nor any payments will be made to non-arm's length persons or to persons conducting investor relations activities. No commission or other form of compensation was paid in connection with the Offering.
