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The latest update is out from Imperial Mining Group Class A ( (TSE:SCD) ).
Scandium Canada has successfully completed a metallurgical pilot test for its Crater Lake scandium project, achieving high purity levels of 99.5% for scandium oxide and 99.2% for rare earth oxides. The optimization of their mineral processing flowsheet has resulted in increased annual output to 91 tonnes per year of scandium oxide, while reducing the concentrate to be transported by 27,000 tonnes, thereby lowering operating costs. These results will inform a Pre-Feasibility Study (PFS) to further develop the project, potentially enhancing the company’s market position and operational efficiency.
More about Imperial Mining Group Class A
Scandium Canada Ltd. operates in the mining industry, focusing on the extraction and processing of scandium and rare earth elements. The company’s primary product is scandium oxide, which is used in Aluminum-Scandium alloys, and it also produces rare earth oxides. Scandium Canada is centered on optimizing its mineral processing and hydrometallurgical flowsheet for its Crater Lake project in northeastern Québec.
Average Trading Volume: 244,897
Technical Sentiment Signal: Sell
Current Market Cap: C$6.25M
For a thorough assessment of SCD stock, go to TipRanks’ Stock Analysis page.