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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+, Scandium Canada brings proprietary, patent-pending aluminum-scandium (Al-Sc) alloys to market while advancing the Crater Lake mining project.

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
["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).","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: 7,500-metre diamond drilling campaign prioritizing a representative metallurgical bulk sample for feasibility study, resource extension, exploration drilling and environmental field study."]
Leadership
Simon Thibault (President & Chief Executive Officer (CEO), Joins Scandium Canada from General Motors as EV Critical Materials Leader with 20 years of experience in mining and automotive sectors.), Guy Bourassa (Strategic Advisor to Management, Graduated from Université Laval law school in 1983, has extensive experience in Quebec mining exploration businesses.), Dr. Luc Duchesne (Chief Science Officer, Over 35 years of experience in multiple sectors including mining and pharmaceuticals, authored 85 peer-reviewed articles.), Jean-François Magnan (Chief Technology Officer, Former Technical Manager at Nemaska Lithium with extensive experience in R&D and project management.), Steve Nadeau (Chief Financial Officer, CPA 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 with expertise in sustainable development and First Nations engagement.), Arnaud Bourassa Francoeur (Director, Communications and Marketing, Full-stack marketing specialist with over 13 years of experience in strategy and brand management.)

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