Scandium Canada voluntarily exits the US OTCQB equity market; aims to fund new aluminium-scandium division

Scandium Canada, dedicated to advancing strategic metals and gold projects across Québec, has announced its voluntary delisting from the US OTCQB equity market, effective March 1, 2025. This strategic move aims to redirect resources towards establishing a new division dedicated to commercialising the company’s two aluminium-scandium powders.

Following a comprehensive review of its primary listings on the TSX Venture Exchange and OTCQB, the company concluded that the costs associated with maintaining a dual listing were not justified at this stage. The savings generated from delisting will be reinvested to support the growth and development of the new division, which was first announced in November 2024.

About the upcoming divisions

By streamlining its market presence, Scandium Canada reinforces its commitment to advancing aluminium-scandium innovations and accelerating commercial adoption. The new division will be fully focused on the pre-commercialisation of Scandium Canada’s two patent-pending aluminium-scandium powders, while also exploring the development of additional aluminium-scandium alloys to engage with end-users. Dr. Luc Duchesne, the company’s Chief Science Officer, has agreed to lead the division and its subsidiary.

The company aims for its enhanced alloy to replace standard 7075 alloys, widely used across aerospace, automotive, and military applications. Scandium Canada will showcase its innovations at the Prospectors & Developers Association of Canada (PDAC) convention from March 2–5 in Toronto. The annual award-winning event attracts up to 30,000 attendees from over 130 countries, offering educational programming, networking opportunities, and a platform for business and investment discussions.

Targeted marketing of aluminium-scandium powders

Scandium Canada is leveraging both its alloy development subsidiary and the advancement of the Crater Lake project in Québec, Canada, to address the rising demand for lighter, more sustainable, and high-performance materials. In a recent milestone, the company successfully 3D-printed test coupons using its aluminium-scandium powders at a research facility in Ontario, Canada, showcasing tangible progress towards commercialisation.

With a market capitalisation of C$6.3 million ($7 million), Scandium Canada plans to evaluate the mechanical properties of its 3D-printed test coupons — including heat-tempered subsamples — within the next two months. Once the results are available, the company will target marketing its aluminium-scandium powders to industrial sectors with short adoption cycles and an urgent need for advanced material solutions.