Doubleview Gold Corp. Achieves a Major Breakthrough in Scandium Recovery from Copper Porphyry Tailings
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On November 25, 2025, Doubleview Gold Corp. announced positive results from its initial, pre-optimization metallurgical testing for scandium recovery at its flagship HAT Project. The tests, conducted on copper porphyry tailings, demonstrated a primary scandium extraction of 82% through leaching and an overall recovery of 88% into a high-purity scandium oxide (Sc2O3) product. The CEO, Farshad Shirvani, described the results as a "game-changer," highlighting the potential for scandium to become a high-margin by-product recovered from the waste stream of a standard copper flotation circuit. Next steps include continuous pilot plant testing and further optimization of the recovery process. The news was preceded by a trading halt, indicating its material nature.
The announcement of high scandium recovery rates is a significant and material de-risking event for the HAT project. Historically, the company has successfully expanded the copper-gold-cobalt deposit through drilling but the economic viability of its large, associated scandium endowment was purely conceptual.
- Progression of News: The company has been methodically building the scandium story. Throughout 2025, drill results consistently included scandium grades. A November 20, 2025 release primed the market by highlighting the scandium potential (300-500 million tonnes at 40 ppm Sc2O3) and stating that metallurgical results were expected "soon".
- Expectations vs. Reality: The November 25 news delivers on this promise with exceptionally strong initial results. An 88% overall recovery from tailings is an excellent outcome for first-phase testing. This provides tangible, technical validation that scandium can be a viable and potentially very profitable by-product. The CEO's comment about using internally generated acid from pyrite suggests a low-cost production path, which, if proven, would significantly enhance the project's overall economics.
- Impact on Valuation: This news provides a firm basis for including scandium as a significant revenue stream in the upcoming Preliminary Economic Assessment (PEA). Previously, analysts would have had to heavily discount or entirely exclude the scandium value due to metallurgical uncertainty. Now, a credible recovery figure can be used, which should substantially improve the project's net present value (NPV) and internal rate of return (IRR) in the PEA. The stock has run from $0.80 to $1.07 in the days leading up to and on the day before the announcement, suggesting strong anticipation was already being priced in. However, this confirmation of technical viability validates that run-up and provides a fundamental catalyst for potential further appreciation.
In conclusion, the news is materially positive. It moves the scandium component from a speculative "potential" to a technically credible asset, significantly strengthening the investment thesis for the HAT project ahead of key economic studies.
Doubleview Gold Corp. is a Canadian junior exploration company focused on its flagship HAT Polymetallic Deposit in the Golden Triangle region of northwestern British Columbia. The project is a large alkalic porphyry system with an NI 43-101 compliant maiden resource estimate (July 2024) outlining significant indicated and inferred resources of copper, gold, cobalt, and silver. The project also hosts a large, conceptual tonnage of scandium, a critical and strategic metal. The company is advancing the project towards a PEA. The Hat Property is subject to a 2% Net Smelter Royalty (NSR).