Curated News
By: NewsRamp Editorial Staff
February 06, 2026

Scandium Canada Advances Crater Lake Project with Norda Stelo PFS Agreement

Discuss on LinkedIn Discuss on Substack Discuss on Telegram
Original Source

TLDR

  • Scandium Canada's partnership with Norda Stelo for the Crater Lake PFS positions the company to become a market leader in scandium production, offering a strategic advantage in high-performance materials.
  • Norda Stelo will complete the pre-feasibility study by integrating the 2025 mineral resource estimate, with the final report expected in August 2026, excluding metallurgical processes handled separately.
  • This project advances lighter, greener materials through aluminum-scandium alloys, contributing to a more responsible economy and supporting industrial transition with sustainable infrastructure development.
  • The Crater Lake project includes building mining infrastructure, a hydrometallurgy plant, and potentially an access road, creating Canada's leading primary scandium source for innovative alloys.

Impact - Why it Matters

This development matters because it signals progress in establishing a reliable scandium supply chain, which is critical for producing aluminum-scandium alloys used in aerospace, automotive, and defense industries. Scandium enhances aluminum's strength, corrosion resistance, and weldability, enabling lighter and more fuel-efficient vehicles and aircraft. As global demand for sustainable, high-performance materials grows, Scandium Canada's project could reduce dependency on limited sources, potentially lowering costs and accelerating adoption of green technologies. The involvement of Norda Stelo, a reputable engineering firm, adds credibility to the project's feasibility, while the infrastructure plans in Québec may boost local economies and support Canada's position in the critical minerals sector. Investors and industries should watch this as a step toward securing strategic resources for future innovations.

Summary

Scandium Canada Ltd. (TSX-V: SCD) has taken a significant step forward in developing its Crater Lake project by signing a service agreement with Québec-based engineering firm Norda Stelo to complete the pre-feasibility study (PFS). The study, which integrates the "Updated Mineral Resource Estimate" NI 43-101 technical report from April 2025, is scheduled for delivery in summer 2026, with the final report expected by the end of August 2026. Norda Stelo, a consulting-engineering firm with nearly 900 employees specializing in infrastructure, transportation, natural resources, and energy projects, will oversee the overall completion of the PFS, though metallurgical processes and recovery tasks will be handled by other firms selected by Scandium Canada. This partnership marks a pivotal milestone for the company, which has secured funding through warrant exercises since December 1st to advance the project.

The Crater Lake project involves ambitious infrastructure development, including mining facilities with a camp, power generation, an airstrip, and a hydrometallurgy plant in the Schefferville region. CEO Guy Bourassa expressed excitement about the progress, noting that the company is also in advanced discussions regarding an access road project from Schefferville to the Crater Lake site, though this is not included in the current PFS. Scandium Canada aims to become a market leader in scandium production, leveraging its Al-Sc alloy development subsidiary to meet growing demand for lighter, greener, and high-performance materials. The company's vision aligns with building a more responsible economy through innovation, as detailed in their forward-looking statements available on the SEDAR+ website at www.sedarplus.ca.

This news release highlights the strategic collaboration between Scandium Canada and Norda Stelo, emphasizing the project's potential to establish a primary scandium source. The inclusion of the anchor text "www.newmediawire.com" underscores the original source of the announcement, which can be viewed for further details. As the project moves forward, stakeholders can monitor updates through Scandium Canada's official channels, including their website and social media platforms, while keeping in mind the inherent risks and uncertainties outlined in the forward-looking statements. This development not only advances mining infrastructure but also supports the broader transition to sustainable materials in industries like aerospace and automotive.

Source Statement

This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Scandium Canada Advances Crater Lake Project with Norda Stelo PFS Agreement

blockchain registration record for this content.