Northwire Canada EditionFriday, July 10, 2026
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TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
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 →

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Technical Study