The Critical Metals No One Can Replace Are Running Out of Inventory

The most recent news (March 23 - April 1, 2026) centers on the finalization and clarification of a Preliminary Economic Assessment (PEA) for the 100%-owned Hat Project in British Columbia. Key highlights include an updated Scenario B after-tax NPV(5%) of C$7.27 billion and an IRR of 19% at consensus prices (rising to C$14.85 billion and 32% IRR at spot prices). The project is defined as a 25-year conventional open-pit operation with a 120,000 t/d throughput. Critically, the company corrected a cobalt grade error (from 0.78 g/t to 78 g/t) and confirmed the technical viability of a scandium recovery circuit, which adds C$547 million in value over the base case.

The news is Material - Positive but categorized as Routine - Positive in the context of the immediate timeline because the primary PEA results were released earlier in March; the most recent update is a clarification and incremental improvement. However, the fundamental impact is profound: - Economic Scale: An NPV of C$7.27B is massive relative to the company's current market cap, suggesting significant undervaluation if the project reaches Permitting/PFS stages. - Strategic Metals: The confirmation of scandium (128 tonnes/year) and cobalt (2.5 kt/year) production positions the company as a critical North American supplier, potentially attracting government subsidies or strategic partnerships. - Resource Confidence: The transition from a Maiden Resource to a PEA-backed project with 609 Mt in Measured & Indicated categories significantly de-risks the geological model.

Doubleview Gold Corp. is focused on the Hat Project, a polymetallic porphyry deposit in the Golden Triangle/Stikine Terrane of NW British Columbia. The project is unique for its "critical minerals" suite, combining traditional copper-gold-silver with significant concentrations of cobalt and scandium. The project is 100% owned and subject to a 2% NSR.