TORONTO, May 25, 2026, 15:04 EDT
- Scandium Canada traded at C$0.175, up 16.7%, with the latest quote on delayed TSXV data just before 3 p.m. Eastern.
- Canada’s main index pushed to a record high as materials stocks gave support. The move came as Reuters
- The company’s next hurdles aren’t about promotion. It has alloy qualification, a Crater Lake pre-feasibility study, and new drilling up next.
Scandium Canada Ltd. shares rallied Monday, keeping up momentum in the thinly traded TSX Venture critical-minerals play as investors shrugged off the U.S. Memorial Day pause and watched for the company’s next technical steps.
The stock traded at C$0.175, up C$0.025, or 16.7%, as of 2:58 p.m. Eastern, according to delayed quotes. Investing.com earlier listed a day range from C$0.155 to C$0.175. The 52-week range has been C$0.015 to C$0.36.
Canadian markets traded as usual while U.S. exchanges closed for Memorial Day, making for thinner activity than normal. CDS, the clearing and settlement firm, listed Canadian exchanges open and U.S. exchanges closed for the holiday.
Broader risk appetite gave a lift too. The S&P/TSX Composite touched a fresh record high earlier Monday, after Reuters said materials stocks led the move as investors welcomed signs of talks between the U.S. and Iran.
Scandium Canada did not put out a new Monday filing. Its latest release was last week’s deal with ALPOMET, a Turkish advanced materials engineering firm. Under the agreement, the two will look at specialty scandium-based alloys, including those for hydrogen tech.
The work is technical, but it’s a key part of the equity story. Aluminum-scandium, or Al-Sc, alloys are aluminum with scandium added for more strength and less weight. The companies said they’ll look at metal-powder output, digital alloy design, 3D printing for industry, hydrogen storage projects, and test the materials.
Chief Executive Guy Bourassa called it “growing international interest” in secure scandium supply. Luc Duchesne, Scandium Canada’s chief science officer, said there’s a “complementarity of capabilities.” ALPOMET co-founder Yağız Akyıldız said the two firms plan to build the effort “step by step.”
InvestorNews flagged a near-term event coming up. Bourassa was set to host an InvestorTalk session Tuesday at 9 a.m. EST. That gives holders a chance to hear more on Crater Lake, Scandium+ and partnership updates.
Execution is where things get serious. In April, Scandium Canada reported C$15 million in cash and another C$6.9 million in secured non-dilutive funding from the Canadian government, so money that isn’t tied to new equity. The company said this would back a 12-month plan covering two alloy qualifications, a preliminary feasibility study for the TG zone at Crater Lake, and a C$5 million drill program.
Scandium competition is building up. Rio Tinto claims it is the sole North American producer of high-purity scandium oxide at its Sorel-Tracy site in Quebec. Reuters said the U.S. defense sector is looking at Rio’s scandium, and NioCorp’s Nebraska unit got a $10 million Pentagon award aimed at boosting domestic scandium supply.
Sunrise Energy Metals in Australia is on the radar for scandium offtake demand. Last year, Reuters said Sunrise agreed to a five-year option with Lockheed Martin, letting Lockheed buy up to 15 tonnes of scandium oxide from its Syerston project if they sign binding deals.
But there are risks. Scandium Canada says the ALPOMET agreement is just a framework, with no binding deal, joint venture, or commercial terms set. The shares are still trading at venture levels, and progress will hinge on technical data, actual partner interest, cost numbers, and if Crater Lake can get beyond studies and toward real financing.
Right now traders are reacting to the price. More solid evidence is still to come. Next up are alloy qualification milestones, the Crater Lake pre-feasibility study that the company says should land this summer, drilling results, and any binding commercial deals from those partner talks.
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