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Imperial Mining Group Class A ( (TSE:SCD) ) has issued an announcement.
Scandium Canada has clarified that its previously cited figure of 91 tonnes per year of scandium oxide production from the Crater Lake project is a management target within an ongoing pre-feasibility study, not a result derived from an economic study or a formal technical report. The company says this projected capacity is based on its assessment of potential scandium demand, particularly for 3D-printing powders and welding wire, and underscores that the objective remains an estimate subject to change with market conditions, reinforcing the early-stage and uncertain nature of the project for investors and other stakeholders.
More about Imperial Mining Group Class A
Scandium Canada Ltd. is a TSX-V-listed public company focused on developing what it aims to be a leading primary source of scandium, supporting the creation and commercialization of aluminum-scandium (Al-Sc) alloys. Leveraging its Al-Sc alloy development subsidiary and the Crater Lake mining project, the company targets demand for lighter, greener, high-performance materials and seeks a leadership role in the global scandium market while emphasizing responsible, innovation-driven growth.
Average Trading Volume: 2,720,266
Technical Sentiment Signal: Buy
Current Market Cap: C$72.84M
See more data about SCD stock on TipRanks’ Stock Analysis page.