InvestorNews is pleased to announce an upcoming InvestorTalk scheduled for tomorrow, Thursday, May 9th, at 9 AM EST, featuring Guy Bourassa, the CEO and Director of Scandium Canada Ltd. (TSXV: SCD | OTCQB: SCDCF). To participate in this engaging discussion, please click here
Currently, Scandium Canada holds 216,372,826 shares outstanding and has a market capitalization of CAD$11,900,506.
In preparation for tomorrow’s InvestorTalk, here are the three most recent news releases from Scandium Canada for your review, which are listed below:
- April 22, 2024 — Scandium Canada Signs Pre-Development Agreement with the Naskapi Nation of Kawawachikamach for its Crater Lake Scandium Project — click here
- March 28, 2024 — Scandium Canada Forms a Strategic Advisory Committee and Confirms its Initial 3 Members — click here
- February 29, 2024 — Scandium Canada Updates on the Optimization of its Mineral Processing Flowsheet — click here
5-Data Points from the most recent news release on April 22, 2024 titled, Scandium Canada Signs Pre-Development Agreement with the Naskapi Nation of Kawawachikamach for its Crater Lake Scandium Project:
- Pre-Development Agreement Signed: Scandium Canada Ltd. has signed a Pre-Development Agreement with the Naskapi Nation of Kawawachikamach concerning its Crater Lake scandium and rare earth project in Québec. This agreement allows pre-development activities to be undertaken on the property until a positive feasibility study compliant with NI 43-101 regulation is completed.
- Mutual Respect and Inclusion: The agreement promotes a mutually respectful relationship between the Naskapi Nation and Scandium Canada and includes the Naskapi Nation in all steps of the project’s development. This reflects a commitment to reciprocal engagement and acknowledges the Naskapi Nation’s inherent aboriginal and treaty rights.
- Future Negotiations and Agreements: The Pre-Development Agreement currently does not cover the construction, operation, or decommissioning of the mine. These aspects will be addressed in a future Socio-Economic Participation Agreement (SEPA) or Impact and Benefit Agreement (IBA), which will be negotiated prior to any further development.
- Location and Scale of the Project: The Crater Lake Project is located in northern Québec, approximately 200 km northeast of the town of Schefferville and 400 km south of Kuujjuaq. It is currently one of the largest primary scandium projects in the world.
- Ongoing Development and Assessments: A NI 43-101 compliant Preliminary Economic Assessment (PEA) was completed in 2022, and a resource estimate update was filed in June 2023. Work to complete a pre-feasibility study is currently underway.
(05.08.2024 at 11:00 AM EST, Source)
For more information on Scandium Canada Ltd., click here.
For more information on the InvestorTalk pre-market series, go to InvestorTalk.com.
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