Core Insights - Scandium Canada Ltd. is making significant progress on the Crater Lake project, focusing on aluminum-scandium alloys and hydrometallurgical processes [1][3][11] Project Development - A brief work program was conducted in June 2025 to assess overburden thickness at the Crater Lake site, with no further field work planned for the year [1] - The company is evaluating two potential locations for a hydrometallurgical plant, one in Labrador and the other near Schefferville, Quebec, with a decision expected by the end of 2025 [2] - Metallurgical optimization work has shown a 12% reduction in concentrate transport needs while increasing scandium oxide production by 4% [3] - Scandium Canada has engaged COREM to test alternative ore concentration methods, with results anticipated by the end of 2025 [4] Financing and Partnerships - The company is actively seeking non-dilutive financing solutions, including partnerships, and has submitted two significant grant applications [6] - An equity financing deal has been completed with the Naskapi Nation of Kawawachikamach, making them a 5% shareholder, reflecting a collaborative effort in project development [7][8] Product Development - The Scandium+ division has developed two aluminum-scandium alloys for additive manufacturing in collaboration with McMaster University [8] - A patent application has been filed for aluminum alloy powders designed for 3D printing, which could enhance performance and structural integrity across various industries [9] Strategic Vision - The company aims to become a market leader in scandium while promoting responsible economic practices through innovation and agility [12]