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S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0% S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0%
Technical Study Routine +

Scandium Canada Mandate la Firme D'ingenierie Norda Stelo pour Diriger L'etude de Prefaisabilite du Projet Crater Lake

By The Northwire Desk — AI Analysis Feb 06, 2026 · 09:30 SCD · 0.183 Scandium Canada Ltd.
SCD · Price

Executive Summary

  • Scandium Canada Ltd. announced a services agreement with engineering firm Norda Stelo to conduct the prefeasibility study (EPF) for its Crater Lake scandium project, with final results expected by August 2026.
  • The EPF will incorporate the NI 43‑101 technical report “Resource Update” dated April 2025 and cover overall feasibility analysis, excluding metallurgical testing and recovery work which will be handled by other contractors.
  • CEO Guy Bourassa highlighted that recent warrant exercises have provided funding to advance the project toward a critical development milestone and noted ongoing discussions on a road access study for the site.

Key Details

  • Agreement Scope: Norda Stelo will deliver the complete EPF, integrating the April 2025 NI 43‑101 resource update; metallurgical testing and recovery activities are excluded and will be outsourced separately.
  • Timeline: Interim conclusions due in 2026; final EPF report slated for public release at the end of August 2026.
  • Project Context: Crater Lake project envisions a mining infrastructure with camp, power generation, airstrip, and an on‑site hydrometallurgical plant near Schefferville.
  • Funding Note: Recent warrant exercises (effective 1 December) have supplied capital enabling progression to this next development phase.
  • Future Work: Advanced discussions are underway for a feasibility analysis of a road linking Schefferville to the Crater Lake site; this study is not part of the current EPF.

Notable Quotes

“We are very enthusiastic about the advancement of the Crater Lake project. Thanks to the exercise of warrants since December 1, we are able to move the project toward another pivotal stage.” – Guy Bourassa, CEO, Scandium Canada Ltd.

All forward‑looking statements are subject to risks and uncertainties detailed in the company’s prospectus filings.

Read the original news release →

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