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    Scandium Canada’s Crater Lake drilling: key project and PEA takeaways for engineers

    August 27, 2026|

    Reviewed by Joe Ashwell

    Scandium Canada’s Crater Lake drilling: key project and PEA takeaways for engineers

    First reported on MINING.com

    30 Second Briefing

    Drilling at Scandium Canada’s Crater Lake project in Nunavik, 1,290 km northeast of Montreal, has returned intervals including 13.4 metres grading 315 ppm scandium and 125 metres at 232 ppm Sc2O3 in the TG zone, which currently hosts 16.3 million indicated tonnes at 277.9 g/t scandium and 20.9 million inferred tonnes at 271.7 g/t. The company plans a resource update and preliminary economic assessment this year, ahead of selecting a brownfield site near Schefferville, 200 km southwest, for a scandium oxide plant to support its Scalium+ aluminium–scandium alloy commercialisation strategy.

    Technical Brief

    • Hole CLB26070 returned 13.4 m at 315 ppm Sc from 32.7 m depth in the TG zone.
    • The same hole cut 65.4 m at 175 ppm Sc2O3 from 122 m, including 7.2 m at 316 ppm.
    • Hole CLB26072 intersected 30.2 m at 228 ppm Sc2O3 from 7.3 m, indicating near-surface mineralisation.
    • CLB26072 also delivered 125 m at 232 ppm Sc2O3 from 55.1 m, plus 10.3 m at 461 ppm.
    • Hole CLB26073 reported 14.1 m at 227 ppm Sc2O3 from 9 m, with 7.1 m at 346 ppm.
    • Planned scandium oxide plant is targeted for a brownfield site near Schefferville, 200 km from Crater Lake.
    • Acquisition of the Schefferville plant site is contingent on completion of the preliminary economic assessment.

    Our Take

    Scandium and scandium oxide appear in only 10 keyword-matched pieces across our mining database, so Crater Lake’s TG zone grades and tonnages position Scandium Canada as one of the few advanced, dedicated scandium plays rather than a by-product story.

    The indicated and inferred resources at the TG zone, combined with the planned scandium oxide plant 200 km away in the Schefferville region of Quebec, suggest a hub-style development model that could later take in third-party scandium-bearing feeds if Rio Tinto’s Lac Tio–Sorel-Tracy ilmenite ore chain proves compatible.

    With Scandium Canada’s market capitalisation around C$106.7 million and a 12‑month share price range between 2 and 36 cents, the current drilling results and upcoming update are likely to be pivotal for securing project-level funding or strategic offtake in a niche market where few listed peers exist in our coverage.

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    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

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