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Scandium Canada

TSXV:SCDLive AI agent

Scandium Canada (TSX-V: SCD) is a critical minerals mining and advanced materials company developing North America’s only primary source of scandium at its Crater Lake project in Nunavik, Québec.

Investor website: https://scandium-canada.com/

About

Scandium Canada (TSX-V: SCD) is a critical minerals mining and advanced materials company developing North America’s only primary source of scandium at its Crater Lake project in Nunavik, Québec. The company aims to anchor a secure North American scandium supply chain and shape the future of lighter, stronger, and longer-lasting materials for advanced manufacturing end users, while committing to building a more responsible economy through innovation and agility.

Verified company data

Cash position
$32.0 M
Shares outstanding
466,104,687
Fully diluted shares
661,817,919
Mineral resource
Scandium Canada’s independent qualified persons report confirms Indicated Resources of **16.3 million tonnes grading 277.9 g/t Sc2O3 and Inferred Resources of 20.9 million tonnes grading 271.7 g/t Sc2O3** within the TG Zone. The TG Zone has been extended by over 250m to the South. This new Mineral Resource Estimate represents a **38% increase** in total scandium tonnage for the **Indicated Resources** category and a **31% increase** in total scandium tonnage for the **Inferred Resources** category compared to the 2023 Mineral resource report. Determinations of magnet rare earth oxides (Nd, La, Pr, Dy, Tb) were made for both resource categories. Using a Net Smelter Return (NSR) cut-off value of $CAN 205.54/t for potential open pit extraction method, the value of the mineralization was determined to range between $CAN369-379/t. Mineralization remains open laterally and at depth, demonstrating the potential to increase the mineral resource with additional drilling.
Projects
["Wholly owned by Scandium Canada Ltd., the Crater Lake Project is the **North America’s largest** primary source of scandium. Located in Nunavik, Quebec, approximately 200 km northeast of Schefferville, the site is accessible by plane or helicopter. The property consists of 96 contiguous exclusive exploration rights covering a total area of 47 km². Since 2010, exploration on the Crater Lake project has been more focussed on its scandium potential, leading to the identification of at least 5 main zones of interest that returned good grades. The latest 2024 diamond drilling campaign led to a updated 43-101 compliant mineral resources estimates on the TG Zone, and will be the basis of a pre-feasibility study. Crater lake TG Zone is positioned to become a strategic asset for North American aluminum-scandium alloys supply chains, particularly in the aerospace, transportation, and energy sectors. 2010: Quest Rare Minerals Inc. acquired the property. 2010–2017: Exploration. Quest Rare Minerals did airborne geophysical surveys, structural mapping, surface sampling and exploration diamond drilling. 2018: Initial diamond drilling. Scandium Canada acquired the property and begins diamond drilling campaigns, confirming scandium-rich mineralization in the TG Zone. 2021: Initial resource estimate. First NI 43-101 compliant mineral resource estimate is published. 2021: Metallurgical test. Laboratory metallurgical testing confirms feasibility of producing scandium concentrate from Crater Lake ore. 2022: Preliminary economic assessment released. TG Deposit - 43-101 Compliant preliminary economic assessment. 2023: Updating mineral resources. Scandium Canada announces the update of its mineral resource estimate for the TG Zone, located on the Crater Lake project. 2024: Naskapi Nation pre-development agreement. A Pre-Development Agreement is signed with the Naskapi Nation of Kawawachikamach, laying the groundwork for long-term collaboration. 2024: Definition drilling confirmed an extension of 250 meters of the TG zone. 2025: Updating mineral resources. A new mineral resource estimate. 2025: Metallurgical pilot test. 500kg metallurgical pilot test for Crater Lake scandium project completed. 2025: Naskapi Nation of Kawawachikamach invests in Scandium Canada. 2026: 6.9 M$ grant by Natural Resources Canada to advance the Crater Lake scandium and rare earth elements project. 2026: 4,000-metre diamond drilling campaign prioritizing a representative metallurgical bulk sample for feasibility study, resource extension, exploration drilling and environmental field study."]
Leadership
Guy Bourassa (CEO & Director, Graduated from Université Laval, Québec, law school in 1983. Former President and Director of Radisson Mining Resources and Dufresnoy Industrial Minerals. Founder and CEO of Nemaska Lithium Inc.), Pierre Neatby (President & COO, Over 30 years of experience in base and critical metals, former roles at Noranda and Avalon Advanced Materials.), Dr. Luc Duchesne (Chief Science Officer, Over 35 years of experience in various sectors, author of 85 peer-reviewed articles, Ph.D. from the University of Guelph.), Jean-François Magnan (Chief Technology Officer, Former Technical Manager at Nemaska Lithium, holds multiple patents in lithium rechargeable batteries, Master's in Materials Engineering from Laval University.), Steve Nadeau (Chief Financial Officer, CPA since 1998 with over 30 years of experience in management and finance, key negotiator in raising close to $1.5 billion.), Cindy Valence (Sustainability Manager, Over 20 years of management experience, co-founder of Ethos Stratégie, holds an MBA specializing in mineral industry management.), Arnaud Bourassa Francoeur (Director, Communications and Marketing, Over 13 years of experience in marketing and public relations for companies like Ubisoft.)

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