SCANDIUM INTERNATIONAL MINING Business Summary

Scandium International Mining Corp. (SCYYF) is a specialty metals exploration and development company primarily focused on the production and sale of scandium and other critical minerals. The company's business model centers on transitioning its flagship Nyngan Scandium Project in New South Wales, Australia, into the world's first primary scandium-only mine. While currently in the pre-revenue development stage as of March 2026, the company aims to generate income through long-term offtake agreements and the sale of scandium oxide and aluminum-scandium master alloys to the aerospace, defense, and solid oxide fuel cell (SOFC) sectors. Its primary business segments include the shovel-ready Nyngan Project and the nearby Honeybugle exploration property. Within the competitive landscape, Scandium International contends with diversified majors like Rio Tinto and RUSAL, as well as specialized developers such as Sunrise Energy Metals, NioCorp Developments, and Scandium Canada Ltd. The company distinguishes itself by holding a granted mining lease and completed feasibility study, positioning it as a first-mover in the primary scandium supply chain. Leadership is spearheaded by President and CEO Peter B. Evensen, who assumed the role in April 2022 following a distinguished career as the CEO of Teekay Corporation and a senior executive at J.P. Morgan Securities. He is supported by CFO and Director R. Christian Evensen, a founding partner of Flintridge Capital Investments with a background in structured finance and derivative management. The board is chaired by William B. Harris, a veteran executive with over 30 years of experience leading multi-billion dollar operations at Hoechst Fibers Worldwide and Celanese Canada. Other key board members include James R. Rothwell, formerly of BHP Diamonds, who brings extensive experience in large-scale mine construction and operations. A significant pillar of the company's stability is its largest shareholder, Scandium Investments LLC, which is 100% owned by the Evensen family, ensuring strong alignment between management and long-term capital interests.