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.

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Scandium Canada Ltd

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Post by VanadiumPoweron Aug 19, 2024 8:18am

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A metal of the future focused in Québec

Scandium Canada: A metal of the future focused in Qubec.

According to Modor Intelligence, in 2023 the global scandium market size was US$593.80 million, which is projected to grow to US$1.344 billion in 2029. Alloys accounted for the largest share (35%) in the product type segment in the global scandium market in 2023 due to its high usage in the major end-use industries and its excellent strength. There is growing demand for aluminium scandium alloys in the aerospace and defence industries. The Boeing Commercial Outlook 2023-2042 reports that in China about 8,560 new deliveries will be made by 2042, followed by 9,250 deliveries in North America, 3,025 in the Middle East, and 1,205 across Africa. Boeing expects 42,595 global deliveries by 2042, providing an opportunity for increasing demand for aluminium scandium alloys for aircraft manufacturing in the upcoming years. Further, in 2023 AIRBUS delivered 735 aircraft, with an order backlog of 8,598 units. The US aerospace sector is one of the largest worldwide in terms of infrastructure and manufacturing activities. In the past half-decade, some 1,000 helicopters have been delivered in the US, as per Modor Intelligence.

https://mining.com.au/scandium-canada-a-metal-of-the-future-focused-in-quebec/

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