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Imperial Mining Group Class A ( (TSE:SCD) ) has shared an update.
Scandium Canada Ltd. announced the closing of a non-brokered private placement of $334,000, subscribed by the Taasipitaakin Trust, controlled by the Naskapi Nation of Kawawachikamach. This investment marks a strategic step in fostering a sustainable and mutually beneficial relationship with the Naskapi Nation, contributing to the development of the Crater Lake project. The investment is part of a broader strategy to involve the Naskapi Nation in the mining sector, reflecting a commitment to responsible development and community engagement. The collaboration is further solidified by a Pre-development Agreement signed in April 2024, emphasizing trust and respect in the project’s development.
More about Imperial Mining Group Class A
Scandium Canada Ltd. is a public company focused on developing the world’s leading primary source of scandium. The company is involved in the mining industry and aims to advance its Crater Lake project, which is currently the only primary source of scandium under development globally.
Average Trading Volume: 341,427
Technical Sentiment Signal: Sell
Current Market Cap: C$6.36M
For detailed information about SCD stock, go to TipRanks’ Stock Analysis page.