Doubleview Gold Corp. Pursues Strategic Government Engagement Following US$400M U.S. Dept of War Scandium Funding Initiative
Doubleview secures a us$400m loan to fast-track development of its Hat project.
Doubleview Gold Corp. (DBG) released a strategic and government-engagement update on August 12, 2026, rather than presenting new technical or financial results. The company stated it submitted a Strategic Policy Brief to Mark Carney, identified as both Prime Minister and Chair of the Prime Minister’s Economic Advisory Council, and to British Columbia Premier David Eby. The submission seeks the fast-tracking of the Hat Project.
The release cites a reported US$400 million conditional loan commitment by the U.S. Department of War’s Office of Strategic Capital for allied primary scandium infrastructure as the context for the engagement. However, the company clarified that this commitment is not directed at Doubleview nor described as a funding award for the Hat Project. It is a conditional loan for allied primary scandium infrastructure generally.
The update repeats previously disclosed Hat Mine Resource Estimate (MRE) data effective February 4, 2026: - Measured + Indicated: 609 Mt at 0.43% CuEq, 0.21% Cu, 0.18 g/t Au, 0.008% Co, 0.38 g/t Ag - Metal content: 5.82 Blb CuEq, 2.42 Blb Cu, 3.22 moz Au, 80.1 Mlb Co, 5.05 moz Ag - Inferred: 503 Mt at 0.41% CuEq - Scandium oxide: 2,415 t in M+I; 1,996 t inferred
The release also reiterates Preliminary Economic Assessment (PEA) metrics dated March 23, 2026: - After-tax NPV(5%): C$6.73B–C$7.27B at consensus prices - IRR: 19%–23% at consensus prices
No new drill assays, resource estimates, financing, or permits were announced. The release notes there is no binding Canadian or U.S. government commitment specific to Doubleview.
Doubleview Gold Corp. (DBG) released a statement highlighting its efforts to position the Hat Project within U.S.-allied scandium supply chains. The company has sent a policy brief to Canadian leaders, though there is no indication that Canada has agreed to fund, fast-track, or partner on the project. Additionally, there is no direct link between Doubleview and the U.S. Department of War’s US$400M conditional loan commitment.
The Hat Mine Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) were previously disclosed in February and March 2026, meaning the re-citation of these figures adds no new project economics. This update follows the company’s promotion of scandium since at least November 2025 and its launch of a formal strategic review with Canaccord in June 2026, characterizing the release as incremental government-relations activity tied to an existing critical-minerals narrative rather than a new, market-moving development.
Doubleview Gold Corp. (TSXV: DBG, OTCQX: DBLVF, Frankfurt: A1W038 / 1D4) is a Vancouver-based mineral exploration and development company. Its flagship asset is the 100%-owned Hat polymetallic porphyry project, located in northwestern British Columbia’s Golden Triangle. The project targets copper, gold, cobalt, scandium, and silver.
A mineral resource estimate (MRE) effective February 4, 2026, reported Measured and Indicated resources of 609 million tonnes at 0.43% CuEq, alongside Inferred resources of 503 million tonnes at 0.41% CuEq. A preliminary economic assessment (PEA) completed in March 2026 outlined a 25-year mine life with a processing rate of 120,000 tonnes per day. The assessment projected an after-tax NPV(5%) of C$4.96 billion to C$7.27 billion on a consensus basis, rising to C$14.85 billion on a spot basis. Internal rates of return (IRR) ranged from 19% to 23% on a consensus basis, up to 39% on a spot basis, with initial capital expenditures estimated between C$3.55 billion and C$3.83 billion.
Scandium is positioned as a strategic differentiator for the project. The company announced that metallurgical work reported high-purity scandium oxide recovery from copper porphyry tailings.
An ongoing 2026 drill program saw Pad 1 holes H109–H112 reach target depths, with assays pending. Drilling advanced to Pad 2 in July 2026. In June 2026, Canaccord Genuity was appointed to conduct a formal strategic review.