Scandium Canada Advances Crater Lake Project with Pre-Feasibility Study Mandate

Scandium Canada Ltd. has formally engaged Québec-based engineering firm Norda Stelo to lead the pre-feasibility study for its Crater Lake project, with conclusions expected by summer 2026 and a final report anticipated in August 2026. This study represents a critical milestone in advancing what the company describes as the world’s leading primary scandium source, essential for producing aluminum-scandium alloys that promise lighter, more durable, and environmentally friendly materials.

The mandate requires Norda Stelo to integrate the ‘Updated Mineral Resource Estimate’ NI 43-101 technical report from April 2025 into the overall study, though metallurgical processes and recovery tasks will be handled separately by firms selected by Scandium Canada. According to CEO Guy Bourassa, recent warrant exercises since December 1 have provided the financial means to reach this pivotal stage. The Crater Lake project envisions mining infrastructure including a camp, power generation, and an airstrip, alongside a hydrometallurgy plant in the Schefferville region.

Bourassa noted that discussions are advanced regarding an access road project from Schefferville to the Crater Lake site, though this element falls outside the current pre-feasibility study scope. The company’s broader strategy, detailed in its corporate disclosures available at https://www.sedarplus.ca, aims to leverage scandium’s properties to meet growing demand for high-performance materials in industries seeking sustainability and efficiency gains.

Norda Stelo, with nearly 900 employees, brings expertise in complex projects across infrastructure, transportation, natural resources, energy, and manufacturing, emphasizing asset sustainability and digital integration. Scandium Canada’s progress underscores the potential economic and environmental implications of scandium extraction, as the metal’s addition to aluminum can significantly reduce weight and extend product lifespans in aerospace, automotive, and other sectors.

Forward-looking statements in the announcement caution that actual outcomes may differ due to risks and uncertainties, with full details available in regulatory filings. The company’s website at https://www.scandium-canada.com provides additional corporate information, though the pre-feasibility study’s completion remains the immediate focus for validating the project’s technical and economic viability.

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