In a recent interview, host Jack Lifton sat down with Imperial Mining Group Ltd.‘s (TSXV: IPG | OTCQB: IMPNF) President and CEO, Pierre Neatby, to discuss the potential and importance of Scandium. Lifton noted that while Scandium is undervalued and underrated by the public, its true significance lies as a soon-to-be invaluable commodity.
Neatby emphasized that Scandium’s abundance is akin to lead, but its production is limited, mostly as byproducts from China, Russia, Ukraine, and the Philippines. Imperial Mining Group, with its Crater Lake deposit in Northern Quebec, aims to amplify Scandium’s presence in the market. Quebec, already a prominent aluminum producer, makes an ideal locale for Scandium-aluminum alloy production.
The company recently announced a promising preliminary economic assessment, highlighting their readiness to advance. Unlike traditional base metal junior mining companies, those in the critical metal domain need to prove metallurgy and secure customers. Neatby envisions their Scandium production to potentially triple the world’s output, meeting the anticipated demand by 2030. Current Scandium applications include solid oxide fuel cells and automobile components, like brake rotors. With electric vehicles’ weight being a concern, Neatby suggests that Scandium-aluminum alloys can revolutionize the automotive industry by replacing heavier metals, strengthening supply chains, and promoting fuel efficiency.
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About Imperial Mining Group Ltd.
Imperial is a Canadian mineral exploration and development company focused on the advancement of its technology metals projects in Québec. Imperial is publicly listed on the TSX Venture Exchange as “IPG” and on the OTCQB Exchange as “IMPNF” and is led by an experienced team of mineral exploration and development professionals with a strong track record of mineral deposit discovery in numerous metal commodities.
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