Scandium Canada announces the sale of its La Roncière gold project to Barrick
Press Release
November 24, 2025
Montreal, Québec, Scandium Canada Ltd. (TSX-V: SCD) is pleased to inform its shareholders that it has entered into a definitive agreement to sell its La Roncière gold project to a wholly owned subsidiary of Barrick Mining Corporation (“Barrick”) for a total consideration of up to C$590,000 in cash.
Under the terms of the agreement, Scandium Canada will receive an initial payment of C$390,000, followed by an additional payment of up to C$200,000, conditional upon Barrick publishing a pre-feasibility study (PFS) demonstrating a mineral resource containing a specified minimum gold content.
“This transaction represents a strategic milestone for Scandium Canada. It allows us to generate non-dilutive financing while focusing our resources and efforts on the development of our flagship project in Quebec, Crater Lake,“ said Guy Bourassa, Chief Executive Officer, adding that ”the divestiture of the La Roncière project is part of a rigorous management approach to our asset portfolio and a strategy focused on creating long-term value for our shareholders.”
Located approximately 35 kilometers east of Desmaraisville, Quebec, the La Roncière gold project is easily accessible via Route 113, connecting the towns of Val d’Or and Chibougamau. The property comprises 45 contiguous mining claims covering a total area of 25.1 km².
Scandium Canada took advantage of the favourable context of record-high gold prices to carry out this transaction, while consolidating its position on its flagship Crater Lake project, currently in the prefeasibility stage and located 220 km east of Schefferville in Nunavik.
ABOUT SCANDIUM CANADA LTD.
Scandium Canada (TSX-V: SCD) is a publicly traded company whose ultimate goal is to bring the world’s largest primary source of scandium into production to enable the development and commercialization of aluminum-scandium (Al-Sc) alloys. The Company relies on its subsidiary dedicated to the development of Al-Sc alloys and on the development of its Crater Lake mining project to meet the growing demand for lighter, greener, more sustainable, and higher-performance materials. The company aims to become a leader in the scandium market while committing to building a more responsible economy through innovation and agility.
For additional information, please contact :
Scandium Canada Ltd.
Guy Bourassa
Chief Executive Officer
Phone: +1 (418) 580-2320
Email: info@scandium-canada.com
Website: www.scandium-canada.com
LinkedIn: Scandium Canada Ltd.
X: @ScandiumCanada
Facebook: Scandium Canada
Instagram: @scandiumcanada
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