Scandium Canada Ltd. has signed a service agreement with Québec-based engineering firm Norda Stelo for the completion of the pre-feasibility study for the Crater Lake project. The timeline for delivery of the study's conclusions remains summer 2026, with the final report expected at the end of August 2026. This development represents a significant milestone in the company's strategy to become a market leader in scandium production.
Norda Stelo will be responsible for the overall completion of the PFS, including the integration of the Updated Mineral Resource Estimate NI 43-101 technical report from April 2025. The mandate does not include tasks related to metallurgical processes and recovery, which will be carried out by firms selected by Scandium Canada. The company's progress has been enabled by the exercise of warrants since December 1st, providing necessary funding to advance the project.
The Crater Lake project includes the construction of mining infrastructure with a camp, power generation, and an airstrip, as well as the construction of a hydrometallurgy plant in the Schefferville region. According to CEO Guy Bourassa, the company is also in advanced discussions regarding analysis of an access road project from Schefferville to the Crater Lake site, which would not be included in the PFS being contemplated. This infrastructure development could significantly impact regional economic activity in Northern Québec.
For business and technology leaders, this announcement signals progress in the supply chain for advanced materials critical to multiple industries. Scandium Canada's ultimate goal is to bring the world's leading primary source of scandium into production, enabling the development and commercialization of aluminum-scandium alloys. These alloys represent lighter, greener, longer-lasting, high-performance materials with applications across aerospace, automotive, and advanced manufacturing sectors.
The growing need for such materials aligns with global trends toward sustainability and efficiency in industrial production. As a consulting-engineering firm operating in Canada and internationally, Norda Stelo brings expertise in complex projects related to infrastructure, transportation, natural resources, energy, and manufacturing. Their approach is based on asset sustainability, risk management, and the integration of digital solutions to support informed decision-making in the context of climate and industrial transition.
Investors and industry observers can find additional disclosure documents on the SEDAR+ website at https://www.sedarplus.ca. The company's forward-looking statements regarding the delivery of the pre-feasibility study conclusions and its final report are subject to various risks and uncertainties, as detailed in their regulatory filings. The successful completion of this study could position Scandium Canada as a key player in the strategic materials sector, potentially influencing supply chains for advanced manufacturing worldwide.
