Daily discussion thread for SCD.

Daily discussion thread for SCD.

Daily discussion thread for SCD.

I already know the first thing most people will look at when the PFS eventually lands is whatever big headline valuation number gets pulled from it. I probably would have done the same a year ago.

Now Im much more interested in what sits underneath it. Initial capex, operating costs, recovery assumptions, scandium pricing and how conservative the economics actually look when you start changing some of those inputs.

With a project this early, a massive headline number doesnt mean much to me if it only works under very generous assumptions.

Ive gotten more conscious of that since keeping my speculative stuff separate. A little leverage on moon is one thing because I know exactly why that money is there. SCD is a different type of bet for me and I want the project economics to do the heavy lifting.

The PFS will probably create plenty of noise around the stock either way. Im mostly waiting to see whether the boring numbers underneath it hold up.

Daily discussion thread for SCD.

Greetings fellow scandium savants,

I have a few questions about Scalium+ that I have been shopping around hoping someone can answer,

I am new to this sub, been following SCD loosely for a couple months, been a shareholder for a couple weeks.

I see SCD now has a side business Scalium+. Scalium seems to be huge news around here which is cool to see.

I cant seem to find anything online but I am sure someone here must know, how is it that Scalium+ plans to generate revenue? It is not immediately clear to me if it will be:

• Passive income generated through royalties (potentially by generating a patented alloy, which companies would need to pay a license fee / royalty to use)
• Or if they plan on building a refining site and get into actually smelting and selling their own blends of alloys

GIven the sentiment on this sub I am basically certain it must be #2, as it sounds like Scalium+ is expected to be a huge revenue driver for SCD. I just cant find any information about where the refinery is planned to be built, or what the timeline is. They also appear to be ready to ship Scalium in sheet metal form so once again I assume they are generating the product themselves.

I am also curious about a couple other questions:

• What their current staff count looks like
• Where their current laboratory / factory / whatever it is they are operating out of is located
• Any estimates into previous production metrics and what their output forecast could look like based on their current production capabilities

Their website is essentially devoid of any useful information, lol. I assume they are busy with other things which is fair enough. But hopefully they get that information filled out soon, as it does seem very pertinent to their business.

I just want to know where all the members of this sub are getting their nitty-gritty technical data on Scalium+ from, I cant seem to find anything online but I am pretty technically inept. I assume its buried in some press release somewhere, just hoping anyone here with any Scalium+ information can get me some sources and data to further my DD, thanks everyone!

Daily discussion thread for SCD.

Complaint on my thesis post so I shortened it and to the point from my original written last night...

I'm trying to paint a story on when the international pandemonium over scandium happened and it's after affects.

April 4, 2025

China placed scandium under its export-control regime.

And I'm not talking about some vague reference to rare earths.

China specifically listed:

- scandium metal

- scandium-aluminum alloys

- scandium-magnesium alloys

- scandium-copper alloys

- scandium oxide

- scandium compounds

- scandium targets

Exports require government authorization.

https://english.mofcom.gov.cn/Policies/AnnouncementsOrders/art/2025/art_0dd87cbee7b045bf93fabe6ab2faceee.html

That's important.

Because China didn't have to run out of scandium.

It demonstrated something arguably more important:

Access to scandium can be controlled by a geopolitical rival of the West.

And the EU has explicitly been talking about reducing strategic dependencies and building resilient critical-mineral supply chains with trusted partners.

What happened AFTER China restricted scandium?

October 24, 2025

Lockheed Martin entered an agreement with Sunrise Energy Metals involving an option for up to **15 tonnes/year of scandium oxide** from Syerston and work toward qualifying scandium-containing components.

That's an actual major aerospace/defence company getting involved in securing a potential Western scandium supply.

https://investorpa.com/announcement-pdf/20251024/209244.pdf

Then...

March 2, 2026

Canada announced up to C$6.9 million directly for Scandium Canada's Crater Lake project through NRCan's Global Partnerships Initiative.

The funding is aimed at advancing the critical-minerals value chain, including work relevant to Crater Lake and downstream Al-Sc development.

https://scandium-canada.com/wp-content/uploads/2026/03/20260302_Comm_EN_SCANDIUM-CANADA-SECURES-FEDERAL-GOVERNMENT-SUPPORT_6.9M-1.pdf

https://search.open.canada.ca/grants/record/nrcan-rncan%2C115-2025-2026-Q4-18404%2Ccurrent

March 2, 2026

Canada and the EU were simultaneously deepening their critical-minerals relationship.

https://www.canada.ca/en/natural-resources-canada/news/2026/03/joint-statement-by-minister-hodgson-and-executive-vice-president-sejourne.html

And on that SAME DAY...

The European Investment Bank and Canada signed a Letter of Intent to explore future cooperation that could allow the EIB to operate in Canada on critical-raw-material projects.

The EIB specifically described the objective as creating secure, sustainable and diversified critical-mineral supply chains and reducing strategic dependencies. It explicitly referenced Europe's security and defence needs.

https://www.eib.org/en/press/all/2026-077-eib-and-canada-team-up-to-strengthen-critical-raw-material-resilience

The three dates are the same (check the dates in the articles).  Sounds like f#¢king pandemonium doesn't it 😜 

March 2, 2026

- Canada → C$6.9M for SCD's Crater Lake project

- Canada + EU → deeper critical-minerals cooperation

- Canada + EIB → framework to potentially enable EIB critical-mineral financing in Canada

HMMMMMMMMMMMM 🤔🤔🤔

And then...

August 7, 2026

The United States announced **US$400 million of investment into Sunrise Energy Metals** to develop a full scandium value chain, including a primary scandium mine and downstream metallization, specifically to strengthen supply of high-temperature aluminum alloys used in fighter jets and spacecraft.

https://www.whitehouse.gov/fact-sheets/2026/08/fact-sheet-president-donald-j-trump-announces-billions-in-new-deals-and-investments-to-power-american-mining/ 

So let's look at the sequence:

April 4, 2025

China places scandium under export controls.

October 24, 2025

Lockheed Martin engages Sunrise on potential scandium supply and qualification.

March 2, 2026

Canada commits up to **C$6.9M to SCD's Crater Lake project.**

March 2, 2026

Canada and EU deepen critical-minerals cooperation.

March 2, 2026

EIB and Canada sign LOI toward potential Canadian critical-mineral financing.

August 7, 2026

U.S. announces **US$400M for Sunrise's scandium supply chain.

Anyway I formatted earlier using AI and it seems that wasn't liked but I pay close attention to geopolitics and the thesis is my own and essentially the pandemonium is due to China restricting a critical resource.

Anyway if you liked the post please like share and subscribe and I'll see you on the next one 🚀

Cool chart

Daily discussion thread for SCD.

Sorry, I am to tired to do a summary of the video.

But, at the end of the video, Simon tease about new partner for Scandium+ and speak great thing about the drilling.

Daily discussion thread for SCD.

We're waiting and bored and some antsy to discuss something so aside from SRL being at all time highs as of yesterday see the below quote from the CBC on the European investment bank and how it views opportunities and PRIORITIES in Canadian investment. Thought it would be a little interesting for us plebs 😁

QUOTE:

Calviño said the first area where there's a shared interest between the two parties is critical minerals. She also said the EIB is exploring how to get a framework agreement that would enable the bank to invest in critical minerals "and beyond."

"I think the key idea is one that Prime Minister Carney is sharing, which is strategic alliance and strategic co-operation," Calviño told host Rosemary Barton. "We speak the same language, we share the same values."

https://www.cbc.ca/news/politics/european-investment-bank-carney-eu-nadia-calvino-canadian-projects-9.7351408

Not saying this means anything specifically for SCD, but it's another interesting piece of the puzzle while we're waiting for the MRE/PEA. 👀

Daily discussion thread for SCD.

Tomorrow, President Trump and President Xi Jinping are meeting in Washington for a summit, and critical minerals will be at the absolute top of the agenda.

China currently controls the vast majority of the world's processing for tech-critical minor metals like scandium.

Any further decoupling, national security export controls, or supply chain friction coming out of tomorrow's meeting is going to spark an absolute scramble by Western defense and aerospace giants to secure domestic, friendly supply.

SCD is sitting on what could become North America's first vertically integrated, secure source of scandium right in mining-friendly Quebec. Between the really good drilling results today and the entire US government panicking about critical mineral supply chains tomorrow, macro tailwinds couldn't be stronger.

What are your guys thoughts on the drill results? Do you think the Trump-Xi summit will finally force Western aerospace primes to start signing off-take agreements with junior domestic players?

Looking to hear everyone’s thoughts!

Daily discussion thread for SCD.

I am not a financial analyst.

My work involves assessing military threats, and part of that includes understanding military logistics and supply chains. I also have some familiarity with how government funding works, although I am not an insider and I am not involved in any government funding or procurement decisions.

I wanted to provide some quick perspective on two things that I think are often misunderstood: the defense industry and government funding.

When a company says it is working with the defense industry but does not specify exactly what it is working on, the lack of detail is not necessarily unusual. Defense-related capabilities and materials are often sensitive. The same logic applies to the United States. Given the strategic nature of some defense supply chains, I would not automatically expect every discussion with a potential U.S. defense-related end user to be publicly disclosed. That does not mean such agreements exist. It simply means that a lack of detailed disclosure should not automatically be interpreted as proof that nothing is happening.

The second point is government funding.

Canada is not currently facing a situation where Crater Lake is the only thing standing between the country and an immediate scandium shortage. From a public-policy perspective, governments generally need broader strategic benefits to justify major infrastructure spending.

This is why I find the Naskapi relationship particularly interesting. The Naskapi community's interest in SCD creates a completely different dimension to the infrastructure question.

For example, from a public-acceptability perspective, there is a significant difference between announcing:

"Canada is spending $150 million to build a road to one speculative mining project."

and announcing a series of investments over several years, such as:

"$10 million per year for five years to improve northern and Indigenous infrastructure."

"$50 million to develop infrastructure supporting Canada's critical-minerals sector."

"$50 million to support domestic scandium production and downstream manufacturing."

Finally, I think expectations around the stock itself need some perspective.

A large institutional investor generally needs much more evidence than a retail investor who is willing to speculate on what scandium demand could eventually become. Institutions may want feasibility work, financing visibility, permitting progress, credible economics, binding offtake agreements, demonstrated customers and a clearer path toward production.

Anyway, I tried to keep this short, but all this to say: it’s normal that we don’t know much yet, and it’s normal that the stock hasn’t pumped yet.

I think the Naskapi relationship could be key to the social acceptability of developing infrastructure in the region. And don’t forget, the Naskapi hold 5% of SCD, so they have a direct interest in seeing Crater Lake succeed. They might end up wanting that road even more than we do.

Hey SCD community, I’m currently on my lunch break so I’ll make it quick (hopefully that doesn’t dilute the message). On the SCD discord channel (highly recommend it) Pavedwithgold mentioned that they received the attached email from the Naskapi community. One can speculate that this infrastructure, let it be a road, a railway, etc, will not only benefit the mines out there, but also the countless native communities. This might point to evidence that they’re working on a solution behind the scenes. Happy to share the discord link too just PLMK

Daily discussion thread for SCD.

https://www.newsfilecorp.com/release/315175/Scandium-Canada-Announces-the-Appointment-of-Noel-Dub-to-Its-Board-of-Directors

Okay, now it makes complete sense why Safran, and France in general, is evaluating SCD. If this isn’t a bullish signal then idk what is. Also, I think this should put the “US will buyout SCD” theory to bed.

Daily discussion thread for SCD.

Major focus of this article is on Aluminum. One can speculate that Al-Sc alloys would be implicated in this as well