Scandium Canada Ltd. has announced the appointment of Jeff Swinoga as Chairman of its Board of Directors, effective February 4, 2026. Swinoga previously served as Chairman from October 2021 to May 2025, during which the company transitioned from Imperial Mining Group to Scandium Canada and advanced its Crater Lake project through resource estimation and metallurgical testing phases.
The appointment is significant for the mining industry as Swinoga brings over 25 years of experience in capital markets, project advancement, development, and mine construction. His track record includes serving as Chief Financial Officer of Torex Gold Resources, where he led a US$400 million financing for the El Limon-Guajes gold mine in Mexico, and as CFO of HudBay Minerals, contributing to its growth to a market capitalization exceeding $2 billion. He also spent seven years at Barrick Gold Corporation as a senior officer responsible for project financing.
"It is a great privilege to return to the Scandium Canada board," stated Jeff Swinoga. "Having witnessed the Company's evolution firsthand over the past several years, I remain convinced of the exceptional potential of the Crater Lake project and the strategic vision of the management team. I look forward to supporting the Company through its next critical phase toward production."
Scandium Canada's CEO Guy Bourassa emphasized the strategic importance of Swinoga's return, noting that "his deep knowledge of our project, combined with his extensive experience in financing and development, will be invaluable as we continue advancing the Crater Lake project and development of our Al-Sc alloys through our Scandium+ division."
The company's ultimate goal is to bring the world's leading primary source of scandium into production, enabling the development and commercialization of aluminum-scandium alloys. These materials address the growing need for lighter, greener, longer-lasting, high-performance materials across various industries. The Corporation aims to become a market leader in scandium while committing to building a more responsible economy through innovation and agility.
Forward-looking statements in the announcement highlight the company's expectations and plans relating to the future development of the Crater Lake project. Readers are cautioned that these statements involve inherent risks and uncertainties, with detailed risk factors available in the Corporation's disclosure documents on the SEDAR+ website at https://www.sedarplus.ca.
This leadership change comes at a critical juncture for Scandium Canada as it moves toward production of scandium, a rare earth element with applications in aerospace, automotive, and other high-tech industries where lightweight, strong materials are essential. The appointment signals the company's commitment to leveraging experienced leadership to navigate the complex financing and development challenges of bringing a mining project to commercial production.
