Summary
Scandium Canada (TSXV: SCD) is advancing one of the world’s largest primary scandium projects with a bold vision: to become the first and leading source of long-term, scalable scandium supply for global industries. Based in Quebec, the company is positioned at the forefront of a lightweight materials revolution that promises to reduce greenhouse gas emissions, improve performance across sectors, and reshape aluminum alloy markets.
Led by veteran mining executive Guy Bourassa, Scandium Canada offers investors exposure to a strategic critical mineral at the early stages of a potentially explosive growth curve. With its flagship Crater Lake project already boasting a PEA-backed CAD $1.7 billion after-tax NPV, the company is building a foundation for long-term value creation.
Scandium: A Small Element with a Massive Impact
Scandium is a silvery-white metal that, when added in small quantities to aluminum, creates high-performance alloys with a unique combination of strength, lightness, and corrosion resistance. These alloys offer the strength of steel, the lightness of aluminum, and the resilience of titanium—all while dramatically reducing weight.
Its applications span aerospace, electric vehicles, 3D printing, defense, and energy infrastructure—sectors where weight reduction directly translates to fuel savings, lower emissions, and improved performance. Despite its transformative potential, global supply has been extremely limited, averaging just 35–40 tonnes per year, mostly as a byproduct from mines in China and Russia.
Scandium Canada aims to change that.
First-Mover Advantage in a Market Set to Multiply
Independent market analyses suggest that if stable primary supply were available, demand for scandium oxide could rise fiftyfold—from today’s 40 tonnes per year to over 2,000 tonnes annually. Scandium’s critical role in lightweighting aligns perfectly with global decarbonization targets and is especially appealing to the aerospace and EV sectors.
For example, just 500 grams of scandium are needed in a single EV to yield significant weight savings and heat management improvements. In aerospace, replacing heavier aluminum or steel components with scandium-aluminum alloys could dramatically reduce fuel consumption and emissions. Airbus alone holds more than 10 patents involving scandium alloys—underscoring the latent demand waiting for a dependable supply chain.
Crater Lake: The World’s Largest Primary Scandium Source in Development
Scandium Canada’s Crater Lake project in northern Quebec is a globally significant asset. A 2023 resource update defined 12 million tonnes of indicated and 16 million tonnes of inferred resources, with an initial 25-year mine life based on just 300 meters of a known 1-kilometer-long mineralized zone.
Located in a mining-friendly jurisdiction with robust infrastructure and strong First Nations partnerships, the project features shallow, open-pittable mineralization with minimal overburden—ideal for low-cost, scalable development. A key milestone was the recent pre-development agreement signed with the Naskapi Nation of Kawawachikamach.
Future expansion potential is substantial. Multiple zones across the 47 km² property show identical magnetic signatures and mineralization, and additional zones have already been drilled and confirmed. CEO Guy Bourassa envisions steadily advancing Crater Lake into production while keeping optionality open for significant growth.
A Two-Step Processing Strategy for Maximum Value
The company plans a vertically integrated processing approach. At the mine site, scandium-bearing ore will be concentrated and shipped to the Labrador Trough, where it will be refined into scandium oxide. This oxide will then be alloyed with aluminum in southern Quebec to produce 2% scandium-aluminum master alloys—ready for use by manufacturers.
This integrated model adds value, reduces supply chain risks, and aligns with end-user preferences for consistent, local supply.
Strategic Partnerships and Intellectual Property
Beyond mining, Scandium Canada is actively developing the industrial ecosystem needed to support large-scale adoption. It works closely with leading Canadian institutions like McMaster and McGill Universities to advance alloy development and 3D printing applications.
A key breakthrough: the company’s support enabled a McMaster research team to successfully 3D print crack-free parts using scandium-aluminum powder—resolving a long-standing challenge in additive manufacturing. Scandium Canada holds the full intellectual property rights to this innovation.
Advisors to the company include automotive and materials experts with deep connections to global supply chains. These partnerships position the company as a technical enabler in the evolving scandium space.
An Experienced Team with a Clear Mission
Guy Bourassa leads a highly experienced management team with a proven track record in mining and strategic marketing. With over 30 years in the mining sector, they are well-equipped to advance the Crater Lake project. The team includes President and COO Pierre Neatby, Chief Science Officer Dr. Luc Duchesne, and strategic advisors with expertise in automotive materials, technology, and scandium projects.
The leadership team previously played key roles in major industrial minerals ventures, including Nemaska Lithium, bringing it to the construction and financing stage. That same experience is now being applied to scandium—with a long-term view to building a new market from the ground up.
Why Invest in Scandium Canada Now?
- Global First Mover: Poised to become the world’s first large-scale primary scandium producer.
- Massive Untapped Demand: End users are ready—waiting only for long-term, secure supply.
- World-Class Asset: Crater Lake is the largest known primary scandium deposit in development.
- Strategic Location: Strong infrastructure, permitting advantages, and First Nations alignment in Quebec.
- Downstream Value: Plans to produce finished master alloys in Quebec for direct industrial use.
- Tight Capital Structure: ~216 million shares outstanding, with further upside as awareness grows.
Scandium may be a small element, but it represents a massive opportunity. And the team at Scandium Canada is leading the charge.
Watch the presentation here: Scandium Canada: Powering the Lightweight Revolution in a Carbon-Conscious World
To learn more, visit scandiumcanada.com or contact the company directly.
$scd.vn $otcqb: scdcf #scandium #quebecmining #basemetals
