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Scandium Canada Ltd V.SCD

Alternate Symbol(s):  SCDCF

Scandium Canada Ltd., formerly Imperial Mining Group Ltd., is a Canadian technology metals company focused on advancing its flagship Crater Lake scandium and rare earth projects in Quebec. It specializes in mining exploration for gold, base metal and technology metal mining sites located in Canada. It is focused on the advancement of its Crater Lake Scandium-REE project in Northeastern Quebec. It also holds gold properties in the Abitibi greenstone belt. Its Crater Lake Project is located about 200 kilometers (km) northeast of Schefferville, Quebec. The property consists of about 96 contiguous claims covering 47 square kilometers. Its Opawica Project is located about 20 km East of Desmaraisville and is accessible via Highway 113 going from Val-d’Or to Chibougamau, Quebec. The property consists of about 42 contiguous claims covering 23.45 square kilometers. Its La Ronciere Project is located about 35 km East of Desmaraisville. The property consists of about 45 contiguous claims.


TSXV:SCD - Post by User

Scandium Canada Ltd
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Post by ScandiumPoweron Jun 11, 2021 8:49am
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Post# 33371015

Close to USD 10 Billion Scandium reserves in Crater Lake?

Close to USD 10 Billion Scandium reserves in Crater Lake?This is not an investm,ent advide. However, think abouta that.
Supposing the coming NI 43-101 Report results 600 x 200 x 80 m volume of Scandium Ore averaging 300 ppm Sc2O3 gives almost 30 Million tonnes of Ore. With these numbers the total Sc2O3 content is 8 928 tonnes. Upgrading with 85% recovery in minerals processig and  87% recovery in hydrothermal extraction gives 6 602 tonnes of saleable Sc2O3 product. Using the price of 1250 USD/kg for Sc2O3 this is wort of  8.25 Billion USD. Can you imagine that! 
With annual 100 tonnes production the life of mine is 89 years wit annual sales of 125 Million USD. (notice capex and opex not included).
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