Scandium Canada (TSX-V:SCD) is heading to Australia this week to attend IMARC as the Québec-based technology metals company seeks to attract new investors and widen its shareholder base outside of Canada.
Speaking to Mining.com.au ahead of the event at the ICC Sydney from 29-31 October, CEO Guy Bourassa says the company is seeking to inform that Australian market and institutional investors about its unique Crater Lake Project in Québec “so that when the project gets to the level of advancement they are looking for they will be ready to become shareholders”.
“We are also evaluating the possibility of getting an ASX listing so we want to get a feel and attract support,” Bourassa tells this news service.
As part of its attendance at IMARC, Scandium Canada will engage brokerage firms interested to support a dual-listing application, as well as private equity funds and investors in general.
Its overall messaging will be that “scandium is the metal of the future and it happens that Scandium Canada owns the world largest primary source of scandium and that it represents a unique opportunity for visionary investors”, the CEO says.
Bourassa adds that it’s quite important for junior exploration companies to attend events like IMARC given the current macroeconomic landscape, as it allows them to confirm the state of the markets, meet service providers, discuss with a variety of consultants – “and all that in only three days”.
Scandium Canada is continuing investigating alternate locations in Canada for its proposed hydrometallurgical plant designed to convert scandium concentrate into scandium oxide, as reported by Mining.com.au.
Efforts to identify and secure an ideal site for this major plant, so that it can be incorporated into the Prefeasibility Study (PFS), are required to advance the project to the next stage.
The Québec-based technology metals company has visited sites in Wabush, Labrador City, and Fermont.
Work on optimising the ore concentration process flow sheet and the process flow sheet for hydrometallurgical production of scandium oxide is underway at SGS Canada’s Lakefield, Ontario laboratory, using a 500kg sample.
The ore concentration steps have been validated and the hydrometallurgical process to transform the concentrate into scandium oxide is now Scandium Canada’s main focus.
Full testing is slated for completion in January 2025, with a final report due in March next year.
Write to Adam Orlando at Mining.com.au
Images: Scandium Canada
