Northwire Canada EditionMonday, November 2, 2026
Sign inSubscribe
Northwire
⌕
Gold 3,970.10 +1.8% Silver 51.03 +3.6% Copper 6.57 +1.4% Oil 97.25 −6.6% Palladium 971.75 −1.6% CDA 0.820 +0.0% SGML 8.20 −13.7% REC 0.075 +36.4% MOLY 1.46 +7.3% NIM 0.610 +1.7% GMX 2.04 +2.0% LEGY 0.800 +0.0% LIB 0.660 +1.5% NOBL 0.075 +0.0% GER 0.005 + BOL 0.055 +0.0% ECR 0.175 −7.9% BBB 0.550 +1.9% WGLD 0.120 +0.0% GLD 0.040 +0.0% TECT 1.57 +14.6% Gold 3,970.10 +1.8% Silver 51.03 +3.6% Copper 6.57 +1.4% Oil 97.25 −6.6% Palladium 971.75 −1.6% CDA 0.820 +0.0% SGML 8.20 −13.7% REC 0.075 +36.4% MOLY 1.46 +7.3% NIM 0.610 +1.7% GMX 2.04 +2.0% LEGY 0.800 +0.0% LIB 0.660 +1.5% NOBL 0.075 +0.0% GER 0.005 + BOL 0.055 +0.0% ECR 0.175 −7.9% BBB 0.550 +1.9% WGLD 0.120 +0.0% GLD 0.040 +0.0% TECT 1.57 +14.6%
Drill Results Routine +

Scandium Canada Launches 4,000-Metre Diamond Drilling Program at Crater Lake

Scandium Canada advances the Crater Lake pre-feasibility study while managing dilution and execution risks for the project.

By The Northwire Desk — AI Analysis Jun 11, 2026 · 07:00 SCD · 0.18 Scandium Canada Ltd.
Executive Summary
  • Scandium Canada announced the commencement of its 2026 diamond drilling program at the Crater Lake project in Nunavik, Quebec.
  • The program targets approximately 4,000 meters of drilling, with 75-80% dedicated to collecting 8-10 tonnes of representative bulk metallurgical samples for the upcoming feasibility study.
  • The remaining 15-20% will focus on extending the open-ended 2025 mineral resource estimate at the TG zone and testing shallow exploration targets at the Discovery zone.
  • Camp mobilization began in late April 2026, with drilling expected to run through August 2026. Assay and metallurgical results are anticipated in Fall 2026.
  • Environmental assessments for the pre-feasibility study (PFS) are ongoing with WSP, targeting completion by September 2026.
Material Impact
  • The drilling launch is a routine, expected operational milestone that aligns with the company's April 2026 guidance to execute a $5 million drilling campaign.
  • It does not introduce new material information or unexpected catalysts. The focus on bulk sampling directly supports the PFS delivery targeted for August 2026.
  • The news is incremental and confirms management's execution of the planned 2026 work program. It provides no immediate price discovery but validates the project's progression toward a definitive feasibility study.
SCD · Price
Company Overview
  • Scandium Canada is advancing the Crater Lake project, identified as North America's largest primary scandium source.
  • The flagship TG zone hosts an updated NI 43-101 resource estimate (April 2025) of 16.3 Mt indicated at 277.9 g/t Sc2O3 and 20.9 Mt inferred at 271.7 g/t Sc2O3.
  • The company is simultaneously developing a commercialization arm, Scandium+, focused on proprietary aluminum-scandium (Al-Sc) alloys for additive manufacturing, aerospace, and automotive applications.
  • Metallurgical pilot tests have demonstrated 99.5% Sc2O3 purity and 77.3% scandium recovery, with plans to scale up processing through the PFS and DFS stages.
Read the original news release →

More from Scandium Canada Ltd.

Oct 21, 2026 · 08:17

Scandium Canada doubled its drilling campaign, with assays matching resource grades, positioning the MRE as the primary catalyst for the project.

Drill Results Oct 14, 2026 · 18:01

Scandium Canada identified 500 metres of ferrosyenite in the East Zone, with assay results currently pending.

Drill Results Oct 07, 2026 · 17:25

Scandium Canada reports a 150 m scandium intercept in the TG zone, matching resource grades and extending the deposit 335 m north.

Drill Results Sep 23, 2026 · 12:32

Scandium Canada’s Crater Lake assays match the resource model, with the MRE and PEA remaining the primary catalysts for the project.

Drill Results Aug 31, 2026 · 08:41

Scandium Canada receives $349,000 from CSA to scale its alloy for satellite components.

Other Aug 26, 2026 · 07:34

Scandium Canada confirms TG resource grade via bulk-sample assays, noting the magnetic corridor is geophysical rather than new mineralization.

Drill Results