Scandium Canada (TSX-V:SCD) has received financial assistance of C$180,000 from the Québec Ministry of Natural Resources and Forests (MRNF).
The Minister of Natural Resources and Forests Maïté Blanchette Vézina made the announcement regarding the financial support, from which Scandium Canada will carry out a geological study to better understand a specific area within the geological formation of the Crater Lake project.
The objective of the study is to better guide drilling efforts and to define a higher grade resource using an improved mineral processing method for the extraction of scandium—a critical and strategic mineral (CSM), as well as rare earth elements present at the project site.
In thanking the Ministry of Natural Resources and Forests for its financial support, Scandium Canada CEO Guy Bourassa says scandium is a key element in today’s advanced materials.
“With its unique properties, scandium plays a crucial role in enhancing aluminum alloys and advanced technologies, thereby driving innovation across many industrial sectors,” the CEO says.
“For Québec, the development of the Crater Lake project represents a unique strategic opportunity to position itself as a key player in the high-performance materials sector, particularly in the aluminium industry, thus fostering the province’s economic and technological growth.”
Write to Adam Orlando at Mining.com.au
Images: Unsplash
