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Scandium Canada

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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 become a leader in the scandium market while committing to building a more sustainable economy through innovation and agility. Through its subsidiary Scalium+, the company commercializes proprietary aluminum-scandium alloys and technologies, positioning itself to anchor a secure North American scandium supply chain.

Verified company data

Cash position
$32.0 M
Shares outstanding
466,104,687
Fully diluted shares
661,817,919
Mineral resource
The latest NI 43-101 compliant mineral resource estimate, prepared by Norda Stelo Inc. confirms the extension of the TG Zone to over 550m. Mineralization remains open laterally and at depth, offering additional potential for expansion.
Projects
["Crater Lake Project Overview: 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 ongoing 2026 diamond drilling campaign will lead to an updated 43-101 compliant mineral resources estimates on the TG Deposit, and will be the basis of preliminary economic assessment (PEA). History: 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. 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: 7,500-metre diamond drilling campaign prioritizing a representative metallurgical bulk sample for feasibility study, resource extension, exploration drilling and environmental field study. Geology: The project is situated in the Churchill geological province, within the Mistastin Batholith, which spans approximately 5,000 km². The local geology is dominated by massive syenites and ferrosyenitic units rich in ferromagnesian minerals such as fayalite, hedenbergite, and ferropargasite. These formations are associated with concentric magnetic anomalies, suggesting a ring structure linked to a caldera collapse."]
Leadership
Simon Thibault (President & Chief Executive Officer (CEO), Joins Scandium Canada from General Motors, where he served as EV Critical Materials Leader. With 20 years of experience across mining, critical materials, and automotive sectors, he brings expertise in operations, policy, sustainability, and supply chain.), Guy Bourassa (Strategic Advisor to Management, Graduated from Université Laval law school in 1983, has worked with Quebec mining exploration businesses, and held leadership roles in various mining companies including Nemaska Lithium.), Dr. Luc Duchesne (Chief Science Officer, Bridges the gap between science and business with over 35 years of experience in multiple sectors, authored numerous scientific articles, and received awards for advancing sustainable development.), Jean-François Magnan (Chief Technology Officer, Former Technical Manager of Nemaska Lithium, holds a master’s degree in Materials Engineering, and has numerous patents in lithium rechargeable batteries.), 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 for various companies.), Cindy Valence (Sustainability Manager, Over 20 years of management experience with expertise in sustainable development and First Nations engagement, co-founder of Ethos Stratégie.), Arnaud Bourassa Francoeur (Director, Communications and Marketing, Full-stack marketing and public relations specialist with over 13 years of experience in strategy and brand management.)

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