Scandium Canada intersects 124.9 m at 232 ppm Sc2O3 at Crater Lake project in Quebec
Reuters2026/08/27 20:14- Scandium Canada reported first 2026 drill assays from the Crater Lake scandium project in Nunavik, Quebec, confirming TG mineralization from 7.3 m.
- Bulk-sample hole CLB26072 cut 124.9 m at 232 ppm Sc2O3; included 10.35 m at 461 ppm.
- Drone magnetic survey outlined a favorable host-rock corridor near 5 km; about 3 km spans Discovery Area through TG deposit.
- Updated mineral resource estimate targeted before end-2026, intended to underpin an NI 43-101 preliminary economic assessment.
- Project plan shifted to a PEA with ore hauled about 350 km to a proposed Schefferville-region concentrator and scandium oxide plant.
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