Scandium Canada Ltd. (TSX-V: SCD) announced it has signed a non-refundable contribution agreement of up to $6,915,478 under Natural Resources Canada's Global Partnerships Initiative (GPI) for the Company's Crater Lake scandium and rare earth elements project in Quebec and its proprietary Al-Sc alloys. The agreement was announced at the PDAC 2026 convention by The Honourable Tim Hodgson, Minister of Energy and Natural Resources, and Guy Bourassa, Chief Executive Officer of Scandium Canada.
The GPI contribution represents 69% of the project costs and will be used to scale up the company's patent-pending processes for the beneficiation, extraction, and purification of scandium and rare earth elements through mineral processing test work and by progressing to FEL-3 engineering standards. Additionally, the project will carry out applied research with end users to optimize aluminium-scandium alloys products. This federal support reflects the strategic value of the Crater Lake project, which is North America's largest primary source of scandium.
The funding also unlocks immediate value for Scandium Canada's international partners through its Scandium+ division. Granges Powder Metallurgy (GPM), a wholly owned subsidiary of Gränges Group, will benefit from the integration of Scandium Canada's proprietary scandium-modified AA535 and AA7075 alloys into GPM's product offering. A second partner will benefit from Scandium Canada's specialized metallurgical knowledge for recovering scandium from polymetallic deposits, while a third partner, focused on building non-Chinese critical mineral supply chains, will collaborate as the project advances.
"It is a privilege to be among the few Canadian companies selected under the GPI, a recognition that speaks directly to the strategic importance of Crater Lake as North America's largest primary source of scandium as well as our important developments of Al-Sc alloys amenable to 3D printing and advanced manufacturing," declared Guy Bourassa, CEO of Scandium Canada. "Together with our international partners, we will accelerate the development of Crater Lake while continuing to advance our Scandium+ alloy commercialization efforts, demonstrating to the world that Canada is a reliable, world-class supplier of the critical materials our allies can depend on."
"Canada and our partners are putting real capital behind the secure and sustainable critical mineral supply chains that our economies and defence industries rely on," said The Honourable Tim Hodgson. "By working with companies like Scandium Canada, we are helping deliver the minerals the world needs and the prosperity and security Canadians deserve."
The Global Partnerships Initiative is a Natural Resources Canada program designed to support the development of critical minerals projects in Canada, aiming to strengthen domestic supply chains and advance Canada's position as a reliable supplier to allied nations. Scandium Canada's Crater Lake project is poised to become a key source of scandium, which is critical for high-performance aluminum alloys used in aerospace, defense, and additive manufacturing.
For more information, visit Scandium Canada's website.
