In the ever-evolving world of mining and mineral exploration, certain elements periodically spring into prominence, reshaping industry landscapes and investment priorities. One such element, Scandium (Sc), has recently been thrust into the spotlight, thanks to a groundbreaking report by Christopher Ecclestone of Hallgarten + Company. This report shines a light on Imperial Mining Group Ltd. (TSXV: IPG | OTCQB: IMPNF), a company poised to become the first primary Scandium miner in North America.

Rio Tinto’s Game-Changing Move

Rio Tinto Group’s (NYSE: RIO | LSE: RIO) involvement has been a catalyst in transforming the critical mineral Scandium from an obscure element to a sought-after commodity. Their investment in Quebec has positioned the region as a secondary producer of Scandium, directly impacting the dynamics of the global Scandium market.

Imperial Mining’s Crater Lake Project

At the heart of Ecclestone’s report is the Crater Lake project, wholly owned by Imperial Mining Group. Located in Quebec, the project, initially aimed at Rare Earth Elements (REE, rare earths), has evolved over 12 years into a major Scandium deposit, offering both challenges and opportunities for the company. The project, now seen as one of the largest viable Scandium projects in North America, boasts a promising after-tax NPV of $1.72 billion and an IRR of 32.8%.

Project Evolution and Opportunities

The Crater Lake project’s shift away from rare earths to Scandium could potentially lower capital expenditures while enhancing the IRR. This strategic pivot is particularly significant as Scandium’s role in light-weighting in the aeronautics sector grows. The project’s life of mine, initially estimated at 25 years, has the potential to extend to 40 years, thanks to recent increases in the Mineral Resource Estimate.

Geological and Resource Highlights

The Crater Lake property consists of 96 contiguous claims covering 47 km², with an updated Mineral Resource Estimate indicating a significant increase in Scandium tonnage. The exploration data reveals high concentrations of iron oxide and rare earths, and the property’s geology is characterized by a variety of lithologies including granite, quartz monzonite, and ferrosyenite, making it a complex but lucrative mining prospect.

Exploration and Future Prospects

Imperial Mining has conducted extensive exploration programs since acquiring Crater Lake. These include geophysical modeling, drilling programs, and geochemical studies. The company’s future plans include converting inferred mineral resources to indicated and potentially measured resources, further solidifying the project’s potential.

Investment and Market Dynamics

Ecclestone’s report also touches upon the cautious investment climate, emphasizing the importance of realistic production perspectives. The entry of new players like Imperial Mining into the Scandium market adds an intriguing dynamic to the price and demand for Scandium, especially considering the uncreated demand from end-users.

Conclusion

For investors and industry enthusiasts looking to understand the intricacies of Scandium mining and its future potential, Christopher Ecclestone’s report on Imperial Mining Group Ltd. is a must-read. It not only provides an in-depth analysis of the Crater Lake project but also offers insights into the broader implications of Scandium mining in North America. As Scandium’s importance in critical industries like aerospace grows, keeping an eye on developments like Imperial Mining’s Crater Lake project becomes crucial.

To delve deeper into the fascinating world of Scandium mining and understand how Imperial Mining Group Ltd. is set to revolutionize this space, I highly recommend reading the full report by Hallgarten + Company’s Senior Analyst Christopher Ecclestone . It’s an enlightening journey through the complexities, challenges, and immense potential of Scandium in the contemporary mining industry.

Note from the Publisher: On my industry expert lists, scandium is deemed a rare earth element. This said on the Critical Minerals Institute (CMI) lists for the USA, Canada, Australia and Europe, they all list scandium seperately as a critical mineral.

In this InvestorIntel interview during PDAC 2023, Byron W King talks to Imperial Mining Group Ltd.‘s (TSXV: IPG | OTCQB: IMPNF) President, CEO, and Director Peter Cashin about an update on Imperial Mining’s Crater Lake Project in Quebec, Canada that focusses on scandium and rare earths. Speaking about the NI 43-101 PEA for its Crater Lake Project, Peter provides an update on Imperial Mining’s patented technology for the extraction of scandium and rare earths.

With the global scandium supply dominated by Russia, Peter discusses how scandium is a critical mineral with several crucial applications in aerospace, defense, EV battery sector, and hydrogen production. He mentions that scandium is an important alloying agent with aluminum that makes it lighter, stronger, and corrosion and heat-resistant. He goes on to discuss how scandium can help in reducing carbon footprint as it is used in solid oxide fuel cells and will be part of the hydrogen infrastructure. Peter adds, “we’re working on some strategic alliances that I think will be very important announcements for our shareholders.”

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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.

To learn more about Imperial Mining Group Ltd., click here.

Disclaimer: Imperial Mining Group Ltd. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

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In a recent InvestorIntel interview, Peter Clausi speaks with Peter Cashin, President and CEO of Imperial Mining Group Ltd. (TSXV: IPG) and Gianni Kovacevic, CEO of CopperBank Resources Corp. (CSE: CBK), about growth opportunity in the scandium space and the factors affecting demand.

In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Gianni went on to say, “Scandium is a market, that in my opinion in this decade can grow 20 fold.” Peter added, “There is just not enough production capacity in the world to be able to satisfy what the potential growth in demand could be.” Peter then went on to talk on the primary uses of scandium and explained that the factor holding back demand is limited supply of the metal. He continued, “If you can find the supply, I think the players and consumers are there waiting for it.”

In the interview Peter also provided an update on Imperial Mining’s Crater Lake Scandium project in Quebec and explained how the project benefits from being located in Quebec, which is the aluminum capital of Canada.

To watch the full interview, click here

About Imperial Mining Group Ltd.

Imperial is a new Canadian mineral exploration and development company focussed on the advancement of its copper-zinc, gold and technology metals properties in Québec. Imperial is publicly listed on the TSX Venture Exchange as “IPG” 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.

To know more about Imperial Mining Group Ltd., click here

Disclaimer: Imperial Mining Group Ltd. is an advertorial member of InvestorIntel Corp.

In an interview with Technology Metals Show host Jack Lifton,  President and CEO of Imperial Mining Group Ltd. (TSXV: IPG) Peter Cashin discusses the scandium market and the economics of the Crater Lake Project. Peter explains how Imperial Mining’s Crater Lake Project provides a strategic opportunity for an exciting new line of lightweighting products. The project also contains rare earths.

“How it (Crater Lake Project) stands out is that it is a primary bedrock opportunity in Quebec,” said Mr. Cashin, Imperial’s President and CEO. “The grades are exceptionally high relative to our peers for a bedrock deposit. It is exposed at surface so it would be amenable to an open pit operation. Our preliminary metallurgy shows that we have very strong recoveries and high rejection rates of the gangue minerals from our metallurgical work so far. We are ideally located very close to the aluminum capital of Canada.”

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“We are starting to do the metallurgy for scandium mineralization we have on the property. It is very positive. That is a process where we want to reduce the mine volumes by using magnetic concentration. It is looking like we will be able to reduce the amount of material we mine in half. That is important for reducing the footprint of the operation, reducing the transportation, infrastructure that is related to the project. Also there is a byproduct that we can actually sell out to the cement market.” States Peter Cashin, President & CEO of Imperial Mining Group Ltd. (TSXV: IPG), in an interview with InvestorIntel Corp. CEO Tracy Weslosky.

Peter Cashin: We are starting to do the metallurgy for scandium mineralization we have on the property. It is very positive. That is a process where we want to reduce the mine volumes by using magnetic concentration. It is looking like we will be able to reduce the amount of material we mine in half. That is important for reducing the footprint of the operation, reducing the transportation, infrastructure that is related to the project. Also there is a byproduct that we can actually sell out to the cement market. It is an iron powder product that they use as a strengthener and, again, always a reduction of the environmental footprint on the operation.

Tracy Weslosky: Many of you at InvestorIntel know who Peter Cashin is, but do you know who Imperial Mining is? Can you give us a bit of an overview of Imperial Mining?

Peter Cashin: Sure Tracy. Of course, when I left Quest I brought the Crater Lake, which was the Misery Lake scandium property. I was looking for a home for it. Initially I was thinking about going public with that entity. It did not work out, but we recently did an RTO with a Quebec-based explorer, NQ Exploration and they had some base metals and gold properties. I thought that is where investor intention was so we rolled those together to form Imperial. We went public on the TSX Venture just in January. 

Tracy Weslosky: For those of you out there watching leaders in our industry, Imperial Mining is one that we are all watching Peter. I think we should use this opportunity to maybe talk about what is happening with the scandium market…to access the complete interview, click here

Disclaimer: Imperial Mining Group Ltd. is an advertorial member of InvestorIntel Corp.