Scandium Canada Ltd. has signed a service agreement with Québec-based engineering firm Norda Stelo to complete the pre-feasibility study for its Crater Lake project, with conclusions expected by summer 2026 and a final report anticipated at the end of August 2026. This development represents a critical milestone for the company's ambition to establish a primary scandium source, which is essential for producing aluminum-scandium alloys used in lightweight, high-performance materials across aerospace, automotive, and other industries.
The mandate comes as Scandium Canada has secured funding through warrant exercises since December 1, enabling the project to advance. CEO Guy Bourassa stated the company is "very excited about the progress being made" and noted the project includes constructing mining infrastructure with a camp, power generation, an airstrip, and a hydrometallurgy plant in the Schefferville region. The company is also in advanced discussions regarding an access road project from Schefferville to the Crater Lake site, though this would not be included in the current pre-feasibility study.
Norda Stelo, a consulting-engineering firm with nearly 900 employees operating in Canada and internationally, will be responsible for the overall completion of the pre-feasibility study. This includes integrating the "Updated Mineral Resource Estimate" NI 43-101 technical report from April 2025. However, tasks related to metallurgical processes and recovery will be handled by other firms selected by Scandium Canada.
The importance of this development extends beyond corporate milestones to potential industry-wide implications. Scandium is a critical component in aluminum-scandium alloys that offer significant advantages in weight reduction, durability, and performance. As industries worldwide seek lighter, greener materials to meet sustainability goals and improve efficiency, a reliable primary scandium source could accelerate adoption of these advanced materials. The Crater Lake project's progress suggests Scandium Canada is positioning itself to meet growing demand in markets prioritizing innovation and environmental responsibility.
Forward-looking statements in the company's release caution that actual results may differ from projections due to various uncertainties. Readers are directed to the Corporation's disclosure documents on the SEDAR+ website for detailed risk factors. Additional company information is available at www.scandium-canada.com.
