Guy Bourassa

Why a Former GM Executive Left Automotive to Lead Scandium Canada

• Top takeaway Bourassa argues the handover timing is right because the recent acquisition of the commercial alloy unit confirms the mine-to-alloy-to-market direction the company set out on, and that leading that path calls for knowledge that was not his own.
• He says the project has now entered a long development phase, and that it was the best moment to hand it to a younger generation able to take it forward.
• In his new strategic advisory role he plans to make sure ongoing files do not fall through the cracks, keep the current pace, and make sure the new CEO has proper support.
• He notes the site is in the middle of a 10,000 m diamond drilling campaign, says the visual results look interesting but still need to be confirmed by certificates of analysis, and aims to finish the campaign by the end of October 2026.
• He sets out the campaign's three objectives: a mine representative sample across the deposit, already completed; at least 100 m of lateral extension north and south to add about 25% to the resource and enable a new resource estimate; and, funded by the $5 million financing completed in 2026, exploration targets to extend the T.G. zone roughly 3 km south toward the discovery area.

Bringing in a General Motors veteran signals a shift from building a mine to selling finished products downstream. Thibault says the edge is a product automakers (OEMs) can insert directly, not a concentrate needing several more refining stages. He argues buyers also need supply from an allied country, not just a competitive delivered price. A 10,000m diamond drill campaign, funded by a recent $5 million raise, targets core sampling and 3km of southern expansion, ending in October. Rolled aluminium-scandium coil is selling into this year's skis; aircraft and satellites remain the longer-term ambition.

Scandium Canada Expedited the Making of Its Own End-to-End Supply Chain

• Top takeaway He frames the Ferriol Technologies deal as de-risking and accelerating commercialization of the company's own alloys — bringing in a known team instead of building one with the time and risk of starting from scratch.
• He argues pre-mine alloy revenue is the path to financing the mine: as a junior, the company must demonstrate and confirm a market for aluminum-scandium alloys, including volumes and pricing.
• He argues a reliable primary scandium source in a good jurisdiction changes conversations with large OEMs, since byproduct supply tied to nickel prices and roughly 90% of output from China and Russia is geopolitically unsafe.

Scandium Canada (TSXV: SCD) closed its acquisition of Ferreol Technologies and rebranded it Scalium+, buying a ready alloy team and production line. The deal shortcuts the path to aluminum-scandium alloy revenue, with first sales already reaching the alpine ski industry. CEO Guy Bourassa says early alloy revenue will prove scandium demand and pricing, strengthening financing for the Crater Lake mine. Bourassa argues a primary scandium source (mined for itself, not a nickel byproduct) reassures buyers because roughly 90% of supply comes from China and Russia. Scalium+ CEO Félix Lapointe maps the roadmap: sports equipment now, aerospace projects within a year, space in about five years, aviation in ten.

Scandium Canada: Al-Sc Alloy Developments and the 2026 Drilling Campaign

• Top takeaway The guest argues the company's recent funding steps are the momentum investors should watch, saying the March 17 bond deal and the $7 million federal grant buy about two years of breathing room to move the pre-feasibility study forward and reach feasibility in about 18 months.
• He puts commercial scale far out, targeting a full feasibility study by end-2028, a 2028 investment decision to fix the construction start, and no initial production before roughly 2030, while calling the commercial step huge for any business.
• He argues the aluminum-scandium alloy work is strategically separate from the mining project, saying it will have a life by itself and is in qualification for laser-bed-fusion and 3D-printing powders and welding wires, which he expects to add momentum to the market cap and company development.
• He argues the Crater Lake program's main objective is representative material for a large piloting into metallurgy for the feasibility study, with the secondary aims of extending the open TG deposit to each side and testing continuity at depth of very high-value material.
• On supply-chain strategy he argues North American producers are not trying to knock China out but to hold their own reliable, long-term supply, saying the US ambassador's visit confirmed interest in financing critical minerals development and that Canada, already a large aluminum producer, should add scandium to its own metal.

Scandium Canada's aluminum-scandium alloy business runs separately from the mine, with powders and welding wires now in customer qualification. The guest says a $17.25 million bond deal closed March 17 plus a $7 million federal grant buys about two years of study time. Management targets a full feasibility study by end-2028, a final investment decision in 2028, and no first production before 2030. Crater Lake drilling serves three aims: bulk metallurgy samples, extending the still-open TG deposit, and testing high-grade material at depth. An Indigenous partner holding a 5% stake will lead the access road assessment, while a nearby processing plant trims transport costs.