The Critical Materials Mining Projects That Check Every Box Right Now
Doubleview solidifies Tier-1 status for Hat Project as updated PEA clarifies multi-billion dollar scandium upside.
The most recent news (March 30, 2026) is an operations update highlighting Doubleview’s advancement of the Hat Project alongside other critical material peers. This follows a major clarification on March 23, 2026, regarding the Preliminary Economic Assessment (PEA). The company corrected a significant clerical error in cobalt grades (from 0.78 g/t to 78 g/t) and updated "Scenario B" economics. This scenario, which includes a hydrometallurgical circuit for scandium recovery, now shows an after-tax NPV(5%) of C$7.27 billion and an IRR of 19% at consensus prices. At spot prices, the NPV jumps to C$14.85 billion with a 32% IRR. The project contemplates a 25-year mine life with a massive 120,000 t/d throughput.
The news is categorized as Routine - Positive because while the numbers are massive, they represent a clarification and incremental update to the PEA originally announced on March 2, 2026. - Economic Scale: The C$7.27B NPV is exceptional for a junior miner, but the 19% IRR (Scenario B) is relatively modest for a project of this capital intensity, suggesting high sensitivity to metal prices and CAPEX overruns. - Resource Validation: The February 25, 2026, Mineral Resource Estimate (MRE) provided the foundation, showing 609 Mt in Measured & Indicated categories. The clarification of the cobalt grade and the confirmation of scandium's economic contribution (adding C$547M to NPV over the base case) are vital for the "critical minerals" narrative. - Operational De-risking: Moving immediately into a Pre-Feasibility Study (PFS) indicates management is aggressive, but the transition from a PEA (conceptual) to a PFS (engineered) often sees "cost creep" which the market may already be discounting.
Doubleview Gold Corp. is focused on the Hat Project in the Golden Triangle/Stikine Arch of British Columbia. It is a gold-copper-cobalt-scandium porphyry deposit. The project is notable for its inclusion of scandium, a rare earth metal used in aerospace and solid oxide fuel cells, which Doubleview aims to produce as a primary North American source.