Scandium Canada Appoints Jeff Swinoga as Chairman of the Board

Scandium Canada Ltd. (TSX-V: SCD) announced the appointment of Jeff Swinoga as director and Chairman of the Board, effective February 4, 2026. Swinoga previously served as Chairman from October 2021 to May 2025, during which the company transitioned from Imperial Mining Group to Scandium Canada and advanced the Crater Lake project through resource estimation and metallurgical testing phases. This return of a seasoned mining executive signals the company's progression toward critical development stages for its primary scandium project.

Swinoga brings over 25 years of experience in capital markets, project advancement, development, and mine construction, having successfully guided companies through all stages from exploration to commercial production. His notable roles include serving as Chief Financial Officer of Torex Gold Resources, where he led the US$400 million financing for the El Limon-Guajes gold mine in Mexico, and as Chief Financial Officer of HudBay Minerals, contributing to its growth to a market capitalization exceeding $2 billion. He also spent seven years at Barrick Gold Corporation as a senior officer responsible for project financing and currently serves on the boards of other Canadian public mining companies.

"It is a great privilege to return to the Scandium Canada board," stated Jeff Swinoga. "Having witnessed the Company's evolution firsthand over the past several years, I remain convinced of the exceptional potential of the Crater Lake project and the strategic vision of the management team. I look forward to supporting the Company through its next critical phase toward production." This appointment comes at a pivotal time as the company seeks to advance its scandium mining project and develop aluminum-scandium alloys through its Scandium+ division.

Guy Bourassa, Chief Executive Officer of Scandium Canada, emphasized the strategic importance of this appointment: "We are delighted to welcome Mr. Swinoga back as Chairman. His deep knowledge of our project, combined with his extensive experience in financing and development, will be invaluable as we continue advancing the Crater Lake project and development of our Al-Sc alloys through our Scandium+ division." The company's ultimate goal is to bring the world's leading primary source of scandium into production, enabling the development and commercialization of aluminum-scandium alloys for lighter, greener, longer-lasting, high-performance materials.

Forward-looking statements in the press release highlight the company's expectations and plans relating to the future development of the Crater Lake project. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause actual outcomes to differ materially from expectations. Additional information about risk factors can be found in the Corporation's disclosure documents on the SEDAR+ website. The appointment of Swinoga represents a strategic move to strengthen governance and financial expertise as Scandium Canada progresses toward production, positioning itself to meet growing demand for scandium in advanced materials applications while navigating the complex financing and development challenges inherent in mining projects.