Scandium Canada (SCD.V) said Wednesday the latest assay results from the 2026 drilling campaign at the Crater Lake scandium project in northern Quebec all show mineralization.
The company intersected 140 meters of scandium mineralization at 293 parts per million (ppm) scandium oxide, the longest intercept of the 2026 program, including a 30-meter high-grade section at 512 ppm, a statement said.
Three holes also from the project in Nunavik, Quebec, returned more than 100 meters of continuous mineralization, the company added.
The drilling campaign is expected to be completed by mid-October. Forty holes totaling 7,701 meters have been drilled. An additional seven holes are expected before the 2026 campaign is completed.
Scandium Canada shares were last seen up CA$0.01 to CA$0.19 on the TSX Venture Exchange.
Price: $0.19, Change: $+0.01, Percent Change: +5.56%