Core Insights - Scandium Canada is making progress on the Crater Lake project and its aluminum-scandium alloys, focusing on metallurgical optimization and pre-feasibility studies [1][2][3][4][10] Group 1: Crater Lake Project Developments - In June 2025, the company conducted a brief campaign at the Crater Lake site to assess the thickness of the overburden in various areas of interest, with no further fieldwork planned for 2025 [1] - The company is evaluating two potential locations for the hydrometallurgical plant necessary for scandium oxide and rare earth production, one near Emeril Junction in Labrador and the other near Schefferville in Quebec, with a final decision expected by the end of 2025 [2] - Recent metallurgical optimization work at SGS involved a 500 kg sample, resulting in a 12% reduction in the concentrate tonnage to be transported and a 4% increase in scandium oxide production [3] Group 2: Alternative Methods and Funding - Scandium Canada has engaged CORE to test alternative concentration methods for Crater Lake ore using a 700 kg sample, with results anticipated by the end of 2025 [4] - The company is actively seeking non-dilutive financing solutions, including partnerships, and has submitted two significant grant applications that could support key pre-feasibility and feasibility steps for the Crater Lake project [4] Group 3: Strategic Partnerships and Innovations - Scandium Canada has completed an equity financing with the Naskapi Nation of Kawawachikamach, which now holds a 5% stake in the company, reflecting a collaborative relationship [5] - The company’s Scandium+ division has developed two aluminum-scandium alloys (A535 and AA7075) in collaboration with McMaster University, specifically designed for additive manufacturing [7][10] - A patent application has been filed for aluminum alloy powders for 3D printing, indicating the potential for new applications in industries focused on performance and structural integrity [8] Group 4: Market Position and Future Outlook - Scandium Canada aims to become a leader in the scandium market by leveraging its mining project and alloy development to meet the growing demand for lighter, eco-friendly, and high-performance materials [11][10]

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]