I have a TFSA through BMO. I want to get into scd but Its probably not worth the commission I'll need to pay for the order with the smaller amounts of stock that I'm able to buy, right?

Is it worth going to wealthsimple just for buying scd? To avoid the commission. Am I able to keep both accounts open?

Daily discussion thread for SCD.

I will update this as i go , but i only have so much time to write this and review all the information i have collected over 13 months.

SCD : Scandium Canada

Primary source scandium Que. Canada

This is not a due diligence, this is a collection of information i have collected over 1 year of watching this stock and scandium market as a whole. Some of this information will be me guessing which i will point out if that is the case.

Scandium market -

the scandium market is currently implied as a small market to retail investors. the market itself consists of alot of R&D projects , sampling , small production. A big part of the market size is due to availability, there is little doubt to the advantages of scandium additives and scandium product as a whole.

You can only reliably commit to building with scandium if you can source the product in a QTY that meets the needs of your project. This is true even as an very small added additive to an existing metal. :GUESSING: - Alot of companies are taking a wait and see approach to see what the DoD does with the metal. Some are jumping in feet first to take advantage of the additives.

The market will only grow larger , AI ,Datacenters , Aircraft , Sports products , welding , battery technology….the list goes on. Lots of discoveries likely to still be made. This market will only grow , its not a guess , its a fact. This is the reason why the metal has been added to the critical mineral list. The research was done and the metal will be required to advance technology in many ways.

I do not consider the scandium market part of the risk for SCD. 

The long and winding road - 

Obviously this is going to be a wild hair brained assumption/guess.

The big topic , the road.

Who is going to build this monster? Who is going to fund it? How long will it take ?

First off , no one knows how much this road will cost. anything you read online is  just a guess. Professionals do not even know. its all guessing. in fact its likely irrelevant , if the government / large company does not fund this part , the mine will never be built or alternative routes will be needed. financing this with dilution is just not possible at even 1$ share price without completely destroying the stock and investment into it.

Who will build it ? , the government will have to be the one to build this road. I think they have already done the research , the commitment is there (based off the hiring internally by NRC) furthermore funding by NRC(6.9m) to fund the PFS shows they do want to see what SCD has and QTY. they are waiting on the PFS to commit, without it were just talking about a small miner. with it were talking about a substantial critical mineral that changes the game. The government will not let this sit idly by being a critical mineral , a large employer and a national trading product to offer other nations and stockpiling. If this was 5 years ago , this would be abandoned and another company would take another run at it if it was not successful.

The time it will take to build this will be not a small amount of time. but after a FS , the road could be completed in the amount if time it takes for the mine to be completed.

The road itself will be built along a treacherous terrain at best in the summer , permafrost in the winter. it will likely need to handle 50T+ loaded rock trucks depending on how the mines operations end up working out. its not going to be a simple backroad.

Indigenous environmental study also is a hurdle , however they have shown great commitment to this project by both investing and starting the study for the road. however , they have not officially committed to the road feasibility. 

To be continued.....next will be the discussion of the company and CEO , past and present board and previous failures and success and how they effect SCD. TG zone expansion.

SCD continues to be a high speculative play , this should not be taken as advice to buy this stock , its not due diligence but more for clarity for anyone who would like to get into a ground floor junior with significant potential.

"The global rare earth market is now bifurcating—and perhaps trifurcating"

• Core Shift: As deglobalization fractures critical mineral supply chains, the global rare earths market is bifurcating away from unified Chinese spot pricing toward distinct domestic, export, and regional market tiers.
• Strategic Implication: The definition of "price" itself has changed—material is no longer valued purely on lowest unit cost, but on local physical availability, legal transportability, and compliance with Western security-of-supply mandates.

Daily discussion thread for SCD.

Washington’s recent commitment to support scandium production has been widely applauded as another step toward rebuilding Western critical minerals supply chains. It deserves applause. But it also deserves scrutiny. The question is not whether scandium is a critical material. It is. The question is whether we are investing in the right economics.

Scandium occupies a unique place among the critical materials. In tiny quantities, it transforms aluminum alloys, making them stronger, lighter, and more weldable. It has applications in aerospace, defense, advanced transportation, and solid oxide fuel cells. If the United States intends to restore advanced manufacturing, it will need a dependable supply of scandium. The issue is where that supply should come from.

In more than sixty years of studying mineral deposits and their economics, I have never encountered what I would call a true primary scandium orebody. Scandium concentrations are typically measured in tens or, at most, a few hundred parts per million. Those grades are simply too low to justify mining for scandium alone. That is why I believe the expression “primary scandium mine” is misleading. Scandium has almost always made economic sense as a by-product.

Just as gallium is recovered while producing aluminum, germanium while processing zinc, and rhenium during molybdenum production, scandium is most logically recovered from ores being mined and processed for metals that carry the economic burden of the operation. That is not merely my opinion. It is how industrial metallurgy has historically created value. Yet recent U.S. government support has drawn public attention to Sunrise Energy Metals Limited’s (ASX: SRL | OTCQX: SREMF) Syerston project in Australia, frequently described as a future primary producer of scandium. Australia is one of America’s closest allies, and there is nothing inherently wrong with supporting Australian projects that strengthen allied supply chains. My concern lies elsewhere.

I question whether any known scandium project should be viewed as a primary scandium operation. Syerston is, in reality, a polymetallic laterite project whose economics will depend upon its entire basket of products. If it succeeds, and I hope it does, it will almost certainly succeed because several metals together generate acceptable economics, not because scandium alone can support a mine. Investors should understand that distinction.

North America Already Produces Scandium One aspect of the recent announcements surprised me. North America already has commercial scandium production. At Rio Tinto Limited’s (LSE: RIO | ASX: RIO | NYSE: RIO) metallurgical complex in Sorel-Tracy, Quebec, scandium oxide is recovered from the processing streams generated during titanium dioxide production. This is precisely the model that I believe represents the future of scandium economics. The titanium business covers the costs of mining, beneficiation, and chemical processing. The scandium is recovered from material that would otherwise contain unrealized value. Rio Tinto certainly does not require financial assistance from Washington. But Washington should recognize that this operation already exists. If the objective is to secure a North American scandium supply chain, Rio Tinto’s Quebec production should be regarded as a strategic continental asset. It demonstrates that scandium can already be produced economically when recovered as a by-product.

NioCorp May Be the Most Interesting Story The project that I find most intriguing, however, lies much closer to home. NioCorp Developments Ltd.’s (NASDAQ: NB) Elk Creek project in Nebraska has traditionally been viewed as a future producer of niobium and titanium, with additional potential for scandium and rare earths. Now, metallurgy may be changing the story. I have been made aware of a conference paper by L3 Process Development, a Canadian process engineering company, on a new approach to the economically efficient recovery of scandium and rare earth elements from NioCorp’s process stream. This new approach was confirmed as the basis for NioCorp’s demonstration scale facility at L3 Process Development. If that process performs commercially as expected, and if Elk Creek reaches its planned operating capacity, the project could reportedly produce on the order of 100 tons of scandium annually.

Think about what that means. The scandium is not driving the mine. The niobium and titanium are. Scandium becomes an additional source of revenue created through intelligent process engineering rather than through higher ore grades. That is exactly the type of industrial thinking America should encourage. It is also a reminder that breakthroughs in metallurgy can be more valuable than discoveries in geology. The ore has not changed. The process has.

Quebec’s Second Opportunity Quebec also hosts another project worthy of investor attention. Scandium Canada Ltd.’s (TSXV: SCD) Crater Lake project remains an exploration and development property rather than an operating mine. Whether it ultimately reaches commercial production remains to be demonstrated. But if governments are prepared to invest billions of dollars to establish secure scandium supplies, projects such as Crater Lake deserve careful technical and economic evaluation. At the very least, they deserve to be part of the strategic discussion.

Follow the Process, Not the Ore Grade Too many investors begin with a simple question: “Where is the richest scandium deposit?” I believe that is the wrong question. The better question is: “Where can scandium be recovered at the lowest incremental cost?” Those are very different questions. History suggests that the winners in scandium will not necessarily own the highest grade deposits. They will own the best metallurgy.

The ability to recover scandium economically from existing mining operations is likely to prove far more valuable than attempting to build an entire mining industry around an element that occurs only in trace quantities.

Jack’s Bottom Line

The Trump Administration deserves credit for recognizing that scandium is strategically important. But strategic investment should always begin with industrial economics. If the goal is to build a resilient North American scandium supply chain, then policymakers should recognize the production already taking place at Rio Tinto’s Sorel-Tracy facility. They should carefully evaluate the emerging opportunity at NioCorp, where improved process technology could make scandium recovery a significant by-product of niobium and titanium production. And they should not overlook development stage projects such as Scandium Canada’s Crater Lake property, which could eventually strengthen continental supply.

The objective should not be to finance “scandium mines.” The objective should be to finance the most economical production of scandium. There is a difference. It is the difference between funding a geological idea and building an industrial capability. Perhaps that leads us to another observation worthy of becoming a Lifton Law:

Lifton’s Law of Scandium Economics: Scandium is unlikely ever to become an economically important primary mining product. Its future lies in intelligent metallurgy that recovers it as a valuable by-product from the production of other metals.

As I have often written, investors should follow where value is added. In scandium, that value will almost certainly be added in the process plant, not in the orebody.

The so-what to SCD:

"Canada is also announcing the referral of the ‘Labrador Trough Clean Power, Critical Minerals and Infrastructure Corridor’ to the Major Projects Office (MPO) for coordinated federal review."

"Canada is also making a federal investment of nearly $20 million to support feasibility work for mining-enabling infrastructure through the First and Last Mile Fund (FLMF)"

Note: SCD is not in the FLMF fund but is eligible

Schefferville and Crater Lake sit right in the middle of the Labrador Trough.

While this does not 100% confirm the infrastructure and road, this is an incredible announcement and acknowledges one of the key issues lots of folks have been talking about recently.

Daily discussion thread for SCD.

I think this acquisition is being seriously overlooked

I've been digging into Ferreol Technologies and what the company was actually doing before Scandium Canada (SCD) acquired it, and I think there is a lot more to this acquisition than people realize.

Before becoming Scalium+, Ferreol was already an operating Quebec company founded by Jonathan Audet and Félix Lapointe. Most people probably know the Ferreol name because of their skis, but the interesting part of the company wasn't necessarily the skis themselves. it was the materials technology developed behind them.

Ferreol was already selling a real product including internationally

The company had already built and commercialized its own line of high-performance skis. Its products weren't limited to Quebec or even Canada: Ferreol skis had expanded into European markets, giving the company exposure outside its domestic market.

That's important because the skis effectively served as a real-world demonstration platform for Ferreol's materials technology.

Then they went on Dragons' Den

Ferreol appeared on Dragons' Den Canada asking for 400,000 for 10% of the company

At the time, they had already generated roughly 1 million in ski sales

But according to Ski Canada Magazine what really caught the Dragons' attention was Ferreol's alternative to Titanal, the metal alloy widely used in high-performance skis.

Ferreol claimed its material was more durable and performed better, and co-founder Jonathan Audet said they had already secured approximately:

$21 MILLION IN ORDERS FROM OTHER SKI BRANDS.

That's when the pitch became particularly interesting.

The Dragons weren't simply looking at another small Canadian ski manufacturer. The potential value was increasingly in the materials technology behind the skis

A relatively young Quebec company walks into Dragons' Den asking for $400k, shows approximately $1M in ski sales, and then reveals that other manufacturers are interested enough in its material technology for the company to claim $21M in orders.

The skis suddenly start looking less like the end product and more like the proof of concept

And it didn't stop with skis

This is another part of the Ferreol story that I think deserves more attention.

Ferreol's alloy technology was also being developed and evaluated for applications outside the ski industry, including defence-related applications

The company participated in projects/collaborations connected to the Canadian defence ecosystem involving advanced aluminum-scandium materials.

That's potentially significant because the requirements for defence applications are obviously very different from selling consumer skis.

It also demonstrates why the underlying alloy technology may ultimately be much more valuable than the Ferreol ski brand itself.

Sporting goods → aerospace → defence → advanced manufacturing.

Then Scandium Canada bought the company

Fast-forward to June 2026.

Scandium Canada acquired 100% of Ferreol Technologies in a transaction valued at approximately $6.6 million, consisting primarily of $2M cash, roughly $4.07M in SCD shares and assumed liabilities.

Ferreol Technologies was subsequently renamed Scalium+

And look at what Scandium Canada says it acquired:

* An active customer base

* An established production process

* An experienced commercialization team

* Immediate commercial channels for Al-Sc alloys

* The proprietary Scalium® alloy family

* At least one Scalium alloy already commercialized

* Existing relationships and development work across multiple industries

Scandium also states that Ferreol had already successfully brought aluminum-scandium alloys to paying customers

That's a very different situation from a junior mining company simply saying, Once our mine is built, hopefully someone will buy our scandium.

This is why I personally think the Ferreol acquisition deserves much more attention.

And then there's what happens when the revenue hits SCD's financial statements

Once Scalium+'s activity starts appearing in Scandium Canada's consolidated financial statements, SCD's financial profile could begin looking very different.

Instead of screening simply as a pre-revenue junior mining/development company, SCD could begin reporting actual commercial revenue and potentially revenue growth.

And that could matter beyond retail investors.

Quantitative screens and systematic investment strategies can use factors such as:

* Revenue growth

* Fundamental changes

* Earnings surprises

* Momentum

* Liquidity

* Changes in financial ratios

So if Scandium Canada transitions from essentially no operating revenue to meaningful commercial revenue it could potentially begin appearing on quantitative screens where it previously wouldn't have qualified.

I'm not saying algorithms will automatically start buying SCD the second revenue appears. That's impossible to know, and many institutional strategies won't touch a micro-cap regardless of revenue.

But a major change in reported fundamentals especially if revenue comes in significantly above market expectations could potentially generate new quantitative/fundamental signals, attract new screens and investors, increase attention and contribute to momentum.

And considering SCD's size, it wouldn't necessarily take institutional-scale capital to have an

That's precisely why the upcoming Scandium Canada financial reports are so interesting.

For the first time, we should eventually get a much clearer picture of what the former Ferreol Technologies — now Scalium+ — can actually

Are we betting on too young of a horse? SCD has the big problem of needing a 200km highway to be built that hasn’t had nearly enough funds directed towards it. I wonder how long that might take. Don’t get me wrong, I believe in this stock massively but might it be possible that the infrastructure doesn’t get built up enough to enable SCD to deliver in time for newer energy needs?

What do you all think? I see different deals and talks being made with other companies and I’m not an executive in this of course but I’d imagine different governments and companies in like aero, transport, defense and them all being like “oh you’ll have production in a decade? Okay that hurts timelines”

Maybe I’m overthinking, as a new paradigm shift in minerals might mean scandium becomes useful forever, idk but I’m bullish yet skeptical

Daily discussion thread for SCD.

Daily discussion thread for SCD.

Daily discussion thread for SCD.