In this InvestorIntel interview with host Byron W King during PDAC 2022, Imperial Mining Group Ltd. (TSXV: IPG | OTCQB: IMPNF) President and CEO Peter Cashin talks about the growing recognition and demand for scandium in specialized manufacturing, and the need for securing a reliable domestic supply.
In the interview, which can also be viewed in full on the InvestorIntel YouTube channel (click here), Peter describes the importance of scandium as an industrial metal: “As an alloy agent for aluminum in very, very small quantities of 0.2 to 0.4 percent you can increase the the mechanical properties of the alloy by 800%.” Peter also talks about the importance of scandium, used in defense, aerospace and automotive industries where strong, lightweight, heat and corrosion resistant metals are needed.
Peter goes on to say that only 35 tons of scandium are produced a year, mostly by Russia and China, but Imperial Mining – which just published a new PEA on its Crater Lake TG Zone Scandium-Rare Earth Element (Sc-REE) deposit – is located in Quebec, Canada. “We know that the consumers both in the the military establishment, the automotive industry and the aerospace industry have been looking for this stuff… and our intention is to produce and develop this thing to production to be able to satisfy the western and certainly North American manufacturing market.”
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About Imperial Mining Group Ltd.
Imperial is a Canadian mineral exploration and development company focused on the advancement of its technology metals projects in Québec. Imperial is publicly listed on the TSX Venture Exchange as “IPG” and on the OTCQB Exchange as “IMPNF” and is led by an experienced team of mineral exploration and development professionals with a strong track record of mineral deposit discovery in numerous metal commodities.
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