Scandium Canada Welcomes Naskapi Nation’s Access Corridor Initiative in Nunavik

Scandium Canada Ltd. (TSX-V: SCD) has welcomed and commended the Naskapi Nation of Kawawachikamach’s announcement of the Naskapi Nuuhchiimiiu Maaskinuw Project, a community-driven initiative to assess potential multi-user access corridor options within the traditional Naskapi territory of Nuchimiyuschiiy. The project, announced on June 12 by the Naskapi Nation, aims to examine environmental, cultural, social, and economic implications of infrastructure development in Nunavik.

The initiative, as described in an official press release, is grounded in engagement with community members, Elders, land users, and neighbouring Nations. Its purpose is to gather information, conduct due diligence, and support informed decision-making regarding future infrastructure options. Scandium Canada stated that decisions about infrastructure in Nunavik must involve all First Nations and Inuit sharing that territory, and the company supports the Naskapi Nation’s leadership in this evaluation.

Guy Bourassa, Chief Executive Officer of Scandium Canada, said in a statement: ‘We commend the Naskapi Nation of Kawawachikamach for the leadership it is showing with the potential multi-user access corridor of the Nuuhchiimiiu Maaskinuw Project. What matters to us is that the benefits of development reach the people whose land makes it possible. We are deeply committed to a relationship that delivers lasting, shared value to the Naskapi Nation and neighbouring communities.’

Scandium Canada emphasized that the Nuuhchiimiiu Maaskinuw Project is an independent initiative led by the Naskapi Nation, and the company fully respects the objectives of the assessment. The company continues its own engagement with Indigenous communities connected to its Crater Lake project, which includes a hydrometallurgical plant in Schefferville, with the goal of fostering dialogue and building relationships based on trust, mutual respect, and collaboration.

The Crater Lake project aims to bring the most significant primary source of scandium in North America into production. Scandium is used to develop aluminum-scandium alloys, which are lighter, greener, and longer-lasting materials for various industries. The company’s commitment to Indigenous engagement aligns with its broader goal of building a more responsible economy through innovation and agility.

The Naskapi Nation’s assessment is seen as a critical step in ensuring that any infrastructure development respects environmental stewardship, traditional land use, and Indigenous governance. Scandium Canada’s support underscores the importance of collaborative approaches to resource development in Nunavik, where multiple Indigenous communities share the territory.

Forward-looking statements in the press release caution that the Naskapi Nuuhchiimiiu Maaskinuw Project is an initiative led by the Naskapi Nation, and Scandium Canada makes no representation as to its outcome, timing, or scope. The company undertakes no obligation to update forward-looking statements except as required by applicable law.

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