Scandium Canada Ltd. has confirmed the signing of a service agreement with Québec-based engineering firm Norda Stelo for the completion of the pre-feasibility study for the Crater Lake project. The timeline for delivery of the study's conclusions remains summer 2026, with the final report expected at the end of August 2026. This development represents a significant step forward for a project positioned to address growing global demand for advanced materials.
The importance of this announcement lies in the project's potential to establish a reliable primary source of scandium, a critical mineral used in aluminum-scandium alloys. These alloys enable the production of lighter, greener, longer-lasting, and higher-performance materials, which are increasingly sought after in industries such as aerospace, transportation, and manufacturing as part of the global shift toward more sustainable and efficient technologies. The completion of this study is a crucial technical and economic assessment that moves the project closer to potential development.
Norda Stelo will be responsible for the overall completion of the PFS, including the integration of the "Updated Mineral Resource Estimate" NI 43-101 technical report from April 2025. The mandate does not include tasks related to metallurgical processes and recovery, which will be handled by other firms selected by Scandium Canada. Norda Stelo is a consulting-engineering firm that assists organizations with complex projects related to infrastructure, natural resources, and energy, with an approach based on asset sustainability and risk management.
"We are very excited about the progress being made. Thanks to the exercise of warrants since December 1st, we are able to advance the project to another pivotal milestone," said Guy Bourassa, CEO of Scandium Canada. The Crater Lake project envisions the construction of mining infrastructure including a camp, power generation, and an airstrip, as well as 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 PFS.
The implications of this study are substantial for the materials sector and the broader push for industrial innovation. A successful, economically viable scandium source from Crater Lake could reduce dependency on limited by-product supplies and support the commercialization of Al-Sc alloys. This aligns with global trends in climate and industrial transition, where material efficiency and performance are paramount. Readers can find more corporate disclosure documents on the SEDAR+ website at https://www.sedarplus.ca. For additional information about Scandium Canada, visit https://www.scandium-canada.com.
It is important to note that statements regarding the delivery of the study and the company's outlook constitute forward-looking information subject to risks and uncertainties. Actual results could differ materially from current expectations due to various business, economic, and competitive factors. Readers are cautioned not to place undue reliance on these forward-looking statements, as detailed in the company's filings on SEDAR+.
