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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
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 focused 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)."]
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.), Dr. Luc Duchesne (Chief Science Officer, Over 35 years of experience in multiple sectors including pharmaceutical and mining, author of 85 peer-reviewed articles, and passionate about sustainability.), Jean-François Magnan (Chief Technology Officer, Former Technical Manager at Nemaska Lithium, holds multiple patents in lithium rechargeable batteries, and has a Master's Degree in Materials Engineering.), 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.), 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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