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An update from Imperial Mining Group Class A ( (TSE:SCD) ) is now available.
Scandium Canada Ltd. has announced the sale of its La Roncière gold project to Barrick Mining Corporation for up to C$590,000. This strategic divestiture allows Scandium Canada to focus on its flagship Crater Lake project in Quebec, aligning with its strategy to generate non-dilutive financing and create long-term shareholder value. The sale capitalizes on high gold prices and strengthens the company’s position in the scandium market.
More about Imperial Mining Group Class A
Scandium Canada Ltd. is a publicly traded company focused on becoming a leader in the scandium market. The company aims to produce the world’s largest primary source of scandium to support the development and commercialization of aluminum-scandium alloys. Scandium Canada is committed to innovation and sustainability, leveraging its Crater Lake mining project and subsidiary dedicated to Al-Sc alloy development to meet the growing demand for lightweight and high-performance materials.
Average Trading Volume: 1,442,339
Technical Sentiment Signal: Buy
Current Market Cap: C$33.48M
See more data about SCD stock on TipRanks’ Stock Analysis page.