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Scandium Canada Taps Norda Stelo for Crater Lake Pre-Feasibility Study

Story Highlights
  • Scandium Canada hired Norda Stelo to lead the Crater Lake pre-feasibility study, due August 2026.
  • Recent financing lets Scandium Canada advance mine and plant plans, while studying a future access road.
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Scandium Canada Taps Norda Stelo for Crater Lake Pre-Feasibility Study

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Imperial Mining Group Class A ( (TSE:SCD) ) has provided an update.

Scandium Canada Ltd. has appointed Québec-based engineering firm Norda Stelo to lead the pre-feasibility study for its Crater Lake scandium project, with conclusions expected by summer 2026 and a final report scheduled for release at the end of August 2026. The mandate covers overall completion of the study and integration of an updated mineral resource estimate, while metallurgical process and recovery work will be handled by separate specialist firms. Management said recent warrant exercises are providing the funding needed to advance Crater Lake toward a key development milestone that includes plans for mine-site infrastructure such as a camp, power generation, an airstrip and a hydrometallurgical plant in the Schefferville region. The company is also pursuing advanced discussions on a potential access road from Schefferville to the site, which, although not part of the current pre-feasibility scope, underscores the longer-term infrastructure build-out required to bring the project into production and could be significant for regional development and future project economics.

More about Imperial Mining Group Class A

Scandium Canada Ltd. is a publicly listed Canadian mining and materials company focused on developing what it aims to be the world’s leading primary source of scandium to support the production of aluminum‑scandium (Al‑Sc) alloys. Through its Al‑Sc alloy development subsidiary and its flagship Crater Lake mining project in Québec, the company targets growing demand for lighter, more durable and environmentally friendly high‑performance materials, positioning itself as a prospective market leader in scandium for applications that require lower weight and improved sustainability.

Average Trading Volume: 1,993,812

Technical Sentiment Signal: Buy

Current Market Cap: C$79.66M

For detailed information about SCD stock, go to TipRanks’ Stock Analysis page.

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