Scandium Canada Secures Federal Government Support of up to $6.9m for its Crater Lake Project

Executive Summary

• Scandium Canada Ltd. secured a non‑refundable contribution of up to C$6,915,478 from Natural Resources Canada’s Global Partnerships Initiative (GPI), representing ~69 % of the Crater Lake project’s estimated costs.
• The funding will be used to scale up patented scandium and REE beneficiation processes, advance the project to FEL‑3 engineering design, and support applied research on proprietary Al‑Sc alloys for 3D printing and advanced manufacturing.
• Strategic international partnerships (Gränges Powder Metallurgy and two unnamed partners) will benefit immediately from Scandium Canada’s alloy technology and metallurgical expertise ahead of full mine production.

Key Details

• Contribution Amount: Up to C$6,915,478 (non‑refundable).
• Funding Source: Natural Resources Canada – Global Partnerships Initiative (GPI).
• Project Coverage: Approximately 69 % of total Cratum Lake scandium & REE project costs.
• Use of Proceeds:
• Scale up patent‑pending processes for beneficiation, extraction, and purification of scandium and rare earth elements.
• Conduct mineral processing test work and progress to FEL‑3 engineering standards (detailed design, specifications, cost estimate, execution schedule).
• Perform applied research with end users to optimize aluminium‑scandium alloy products.
• Strategic Partnerships:
• Gränges Powder Metallurgy (GPM): Integration of Scandium‑modified AA535 and AA7075 alloys into GPM’s product line for additive manufacturing.
• Second Partner: Collaboration on scandium recovery from polymetallic deposits (nickel, cobalt) leveraging Scandium Canada’s metallurgical expertise.
• Third Partner: Joint effort to build resilient, non‑Chinese supply chains for critical minerals as the Crater Lake project advances.
• Quotes:
• Guy Bourassa, CEO: “NRCan's support is a crucial milestone that provides non‑dilutive funding through 2028, allowing our team to focus entirely on execution.”
• Hon. Tim Hodgson, Minister of Energy and Natural Resources: “Canada and our partners are putting real capital behind the secure and sustainable critical mineral supply chains that our economies and defence industries rely on.”

Notable Quotes

• “It is a privilege to be among the few Canadian companies selected under the GPI… NRCan's support is a crucial milestone that provides non‑dilutive funding through 2028, allowing our team to focus entirely on execution.” – Guy Bourassa, CEO
• “By working with companies like Scandium Canada, we are helping deliver the minerals the world needs and the prosperity and security Canadians deserve.” – Hon. Tim Hodgson