Scandium Canada: Al-Sc Alloy Developments and the 2026 Drilling Campaign
CEO.CA Jun 16, 2026 8:39
Summary
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.
Guy Bourassa's takeaways
- 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.