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Imperial Mining Group Ltd. Class A ( (TSE:SCD) ) has issued an announcement.
Scandium Canada Ltd. has announced a significant update to its Mineral Resource Estimate for the TG Zone at its Crater Lake project, revealing a 38% increase in indicated resources and a 31% increase in inferred resources compared to previous estimates. This expansion, facilitated by the 2024 drilling campaign, extends the TG Zone by over 250 meters to the south, highlighting the potential for further resource growth. The company is advancing towards a Pre-Feasibility study and is in discussions with potential investors and off-takers, indicating strong interest in its scandium and rare earth elements.
More about Imperial Mining Group Ltd. Class A
Scandium Canada Ltd. operates in the mining industry, focusing on the extraction and development of scandium and rare earth elements. The company is engaged in projects such as the Crater Lake property in Quebec, Canada, aiming to enhance its market position in scandium and rare earth production.
YTD Price Performance: -25.00%
Average Trading Volume: 242,679
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$4.69M
For a thorough assessment of SCD stock, go to TipRanks’ Stock Analysis page.