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An announcement from Imperial Mining Group Class A ( (TSE:SCD) ) is now available.
Scandium Canada has secured a non-refundable federal contribution of up to $6.9 million under Natural Resources Canada’s Global Partnerships Initiative to advance its Crater Lake scandium and rare earths project and its proprietary aluminum-scandium alloys. The funding, covering 69% of outlined project costs, will support scaling up patent-pending beneficiation and extraction processes, advancing engineering to FEL-3 standards, and applied research with end users to optimize alloy products.
The support, unveiled at PDAC 2026, underscores the strategic importance of Crater Lake as North America’s largest primary scandium source and reinforces Canada’s push to lead G7 critical mineral supply chains. It also accelerates value creation through Scandium Canada’s international partnerships, enabling alloy integration and technology deployment ahead of full mine production while bolstering efforts to build resilient, non-Chinese critical mineral supply chains for industrial and defence applications.
More about Imperial Mining Group Class A
Scandium Canada Ltd., listed on the TSX-V, is a critical minerals company focused on developing the Crater Lake scandium and rare earth elements project in Québec. The company also develops proprietary aluminum-scandium alloys aimed at advanced manufacturing and 3D printing markets, targeting secure, non-Chinese supply chains for high-performance materials.
Average Trading Volume: 2,202,657
Technical Sentiment Signal: Buy
Current Market Cap: C$102.9M
See more data about SCD stock on TipRanks’ Stock Analysis page.