CYMAT ANNOUNCES INVESTOR WEBCAST TO FURTHER DISCUSS JV FOR SCANDIUM ALUMINUM MASTER ALLOY PRODUCTION

MISSISSAUGA, ON, Nov. 2, 2026 /PRNewswire/ -- Cymat Technologies Ltd. (TSXV: CYM) (OTCQB: CYMHF) (the "Company" or "Cymat") is pleased to announce that it will hold an Investor Webcast on November 4, 2026, at 2 pm to further elaborate on its recently announced Memorandum of Understanding ("MOU") with KAP Minerals Inc. ("KAP") to advance a proposed joint venture (the "JV") for the production and commercialization of scandium-aluminum ("Sc-Al") at Cymat's Mississauga facility.

Michael Liik, CEO and Chairman of Cymat stated "This proposed JV to produce Sc-Al master alloy will operate in tandem with our previously announced initiative to produce Metal Matrix Composites ("MMC") for the commercial customers of Rio Tinto. During the upcoming webcast, I will discuss the rationale for the new Sc-Al initiative as well as the synergies inherent in our company's production of Sc-Al and MMC. I believe that the coupling of these two initiatives will be transformative for Cymat."

Highlights of the Webcast include:

• Importance of Scandium in Aluminum: The addition of very small quantities of scandium to aluminum substantially increases the strength of the aluminum alloy, improves fatigue and corrosion resistance and enhances weldability, all without adding weight. Scandium has been identified by Canada and other international governments as a critical mineral. The current supply of scandium from Western Allie sources is extremely limited.
• KAP Mine: The scandium will be recovered from a secondary refining process applied to surface tailings at a Kapuskasing, Ontario phosphate mine to be rehabilitated by KAP. All transportation, energy and building infrastructure is already in place for the refining facility. Accessibility of the mineral source combined with existing infrastructure is expected to result in a low-cost production process for the scandium oxide.
• Cymat Sc-Al Master Alloy: Building upon the MMC production line, Cymat will employ a proprietary flux-free alloying method to produce a high purity Sc-Al master alloy in commercial quantities. The production will involve low carbon process that avoids the use of noxious chemicals associated with methods that employ fluxes. The Sc-Al alloying line is being designed to scale-up in tandem with the increase in scandium supply and market demand for Sc-Al alloy. The JV will sell the resulting Sc-Al alloy to allied atmospheric and space-focused aerospace industries, defence industries and other advance manufacturing entities.
• Interest of Canadian Government: Provincial and Federal government officials participated in the JV MOU signing at Cymat's Mississauga office last week. The JV initiative has particular resonance for the Canadian government as it involves a Canadian-sourced critical mineral, being further processed domestically into an advanced material with qualities that make it desirable for use by aerospace, defence and advanced manufacturing markets, establishing an integrated Canadian supply chain. Furthermore, the JV has the potential to reach commercial production levels within the current election cycle. Leveraging this government interest into a source of non-dilutive financing is a key objective for both Cymat and KAP.
• Comparable Investment Opportunities: It is challenging to quantify the economic potential for the JV as the global supply of scandium is severely constrained and development of commercial uses for Sc-Al are in their infancy. With a market capitalization in the $80M range, Scandium Canada has the potential to be another future source for scandium and related alloys to Western economies. Scandium Canada is exploring the feasibility of a hard-rock mining site in northern Quebec as a potential scandium source. However, assuming the feasibility study yields satisfactory results, production from this new mine would not commence prior to 2031. (Source: Scandium Canada Corporate Presentation – September 2026). The KAP mine, on the other hand, has surface material that is ready now for the extraction and refining process.

During the Webcast, Michael Liik will further elaborate upon the potential that this JV brings for Cymat stakeholders as well as provide an update on Cymat's MMC initiative and aluminum foam business. The Webcast will be held via Zoom Meetings on Wednesday, November 4th at 2:00 p.m. EST. Attendees may email their questions in advance to [email protected].

Registration will be required to access the meeting. Please click on the link below to register.

PRESENTATION DETAILS

DATE: Wednesday, November 4, 2026         TIME: 2:00 PM ESTDT)

LOCATION: Zoom Meeting

To receive the meeting link and passcode, please click on the following link:

https://us06web.zoom.us/webinar/register/WN_AGNhi1KeSraxwxJNqnfFhw

About Cymat Technologies Ltd.

Cymat Technologies Ltd. holds the global rights, through patents and established know-how, to manufacture and sell Stabilized Aluminum Foam ("SAF"), a unique, ultra-light, cellular metallic material. The proprietary production process entails the injection of gases through a molten bath of alloyed aluminum infused with ceramic particles. The result is an advanced, lightweight, recyclable material that exhibits unique characteristics including customizable density and dimensions; mechanical energy absorption; thermal and acoustic insulation; and time, temperature and strain-rate insensitivity. A key benefit of this continuous foam production process is its scalability and resultant low cost of production. SAF is used in such industries as architectural design, military and automotive. Cymat markets its architectural SAF under the Alusion^TM brand and its automotive and military SAF under the SmartMetal^TM brand. For further information, please visit our website at www.cymat.com. 

About KAP Minerals

KAP Minerals Inc. is a Canadian critical-minerals development company advancing the Kapuskasing Project in Northern Ontario. The company is focused on recovering phosphate, rare earth elements, scandium and other strategic materials from previously mined material and developing downstream processing opportunities for Canadian and allied markets.

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Certain material assumptions regarding such forward-looking statements may be discussed in this news release and the Company's annual and quarterly management's discussion and analysis filed at www.sedar.com. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

SOURCE Cymat Technologies Ltd.