CRATER LAKE
Crater Lake Project Overview
Wholly owned by Scandium Canada Ltd., the Crater Lake Project is the North America’s largest primary source of scandium. Located in Nunavik, Quebec, approximately 200 km northeast of Schefferville, the site is accessible by plane or helicopter. The property consists of 96 contiguous exclusive exploration rights covering a total area of 47 km².
Since 2010, exploration on the Crater Lake project has been more focussed on its scandium potential, leading to the identification of at least 5 main zones of interest that returned good grades. The latest 2024 diamond drilling campaign led to a updated 43-101 compliant mineral resources estimates on the TG Zone, and will be the basis of a pre-feasibility study.
History
Crater lake TG Zone is positionned to become a strategic asset for North American aluminum-scandium alloys supply chains, particularly in the aerospace, transportation, and energy sectors.
Geology
The project is situated in the Churchill geological province, within the Mistastin Batholith, which spans pproximately 5,000 km². The local geology is dominated by massive syenites and ferrosyenitic units rich in ferromagnesian minerals such as fayalite, hedenbergite, and ferropargasite. These formations are associated with concentric magnetic anomalies, suggesting a ring structure linked to a caldera collapse.
Mineral Resource estimate (April 2025)
The latest NI 43-101 compliant mineral resource estimate, prepared by Norda Stelo Inc. confirms the extension of the TG Zone to over 550m. Mineralization remains open laterally and at depth, offering additional potential for expansion.
RESOURCE ESTIMATE TABLE
Next Steps
- 4,000-metre Diamond drilling campaign from June to August 2026
- Scandium Canada is advancing work toward completing a Pre-Feasibility Study expected in 2026.
- Ongoing efforts to commercialize aluminum-scandium alloys: securing more collaboration partnerships with world-class universities and agreements with major advanced manufacturing end users.
