Scandium Canada Ltd. (TSXV: SCD) has announced the appointment of Noel Dubé, P.Eng., to its Board of Directors, effective September 21, 2026. Dubé, a long-standing shareholder with more than 20 years of technology sector experience, will also serve as Strategic Advisor to Scalium+, the company's wholly owned commercialisation subsidiary. The appointment is intended to accelerate the commercialisation of Scalium® aluminium-scandium alloys and surface treatments, a key pillar of the company's dual-engine growth strategy.

Key Points

  • Scandium Canada Ltd. (TSXV: SCD) announced a new board appointment effective September 21, 2026
  • Noel Dubé, P.Eng., joins the Board and becomes Strategic Advisor to Scalium+, the Al-Sc alloy commercialisation subsidiary
  • Dubé receives 500,000 stock options at an exercise price of $0.22, vesting monthly over 36 months, expiring September 21, 2031, subject to TSX Venture Exchange approval
  • Investors may be watching for progress on Scalium® customer development and advancement of the Crater Lake scandium project in Nunavik, Québec

Dubé's Track Record Scaling Technology Businesses Internationally

Dubé's career includes serving as President and CEO of Reflex Photonics from October 2013 to November 2019 and as a co-founder and Vice President of Sales and Business Development at R/D Tech Inc. At R/D Tech, he held executive roles from 1990 to 2005, during which the company grew from C$2 million to C$180 million in revenue, expanding to 600 employees and 12 offices across more than 50 countries. The release states he is also an active investor in Québec technology funds and serves as director and technical advisor to several companies.

Strategic Role at Scalium+ and the Crater Lake Project

As Strategic Advisor to Scalium+, formerly Ferreol Technologies, Dubé is expected to support the commercialisation of proprietary, patent-pending Scalium® aluminium-scandium alloys across multiple industrial sectors. The company's disclosure highlights that these alloys offer higher mechanical strength, improved weldability, faster additive manufacturing speeds, and superior corrosion resistance compared to conventional alloys. Scandium Canada describes its strategy as vertically integrated, linking the Crater Lake mining project in Nunavik, Québec, with downstream alloy product commercialisation through Scalium+.

Stock Option Grant Details and Exchange Approval Required

In connection with the appointment, the company announced a grant of 500,000 stock options to Dubé under its stock option plan. Each option entitles the holder to acquire one common share at an exercise price of $0.22 for a five-year term ending September 21, 2031. Options vest at a rate of 1/36 per month, beginning at the end of the month following the appointment date. The company noted that the grant remains subject to final approval by the TSX Venture Exchange. The immediate share price impact was not clear from available public information.