A view of Scandium Canada’s Crater Lake project. Credit: Scandium Canada.
Scandium Canada (TSXV: SCD) said new data show a 38% increase in indicated resources at its Crater Lake project in northern Quebec.
Indicated resources in Crater Lake’s TG zone are now estimated at 16.3 million tonnes grading 277.9 grams per tonne of scandium, Scandium Canada said Thursday. Inferred resources are estimated to be 20.9 million tonnes grading 271.7 grams per tonne, 31% more than previously calculated, the company also said.
Located 200 km northeast of Schefferville near Labrador, Crater Lake is regarded as one of the world’s largest primary scandium projects. The property covers 47 sq. km and is accessible via airplane or helicopter.
As it advances toward a prefeasibility study for Crater Lake, the company is holding talks with potential investors, indicating “strong interest” in its scandium and rare…
