Business
Imperial Mining Group Ramps up Scandium Strategic Marketing Activities at the European Union and in Germany
MONTREAL, Nov. 13, 2018 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. ("Imperial" or the “Corporation”) (TSX VENTURE: IPG) is pleased to provide an update on i
About this update from Scandium Canada Ltd Class A
[{"type":"text","content":" MONTREAL, Nov. 13, 2018 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. (\"Imperial\" or the “Corporation”) (TSX VENTURE: IPG) is pleased to provide an update on its numerous strategic scandium marketing initiatives for the Crater Lake Project, in Québec. This month Imperial will be participating in two major European conferences where it will be presenting the Crater Lake scandium opportunity to industrial users concerned about security of supply in the face of rapidly growing demand. Imperial has been active in attracting strategic partnerships in order to advance the development of the Crater Lake scandium project since the beginning of the year. With the support of Nick Parry, Imperial’s Strategic Advisor on scandium market development, the Corporation has secured several important introductions to consumers and manufacturers of products and alloy materials that utilize scandium. Scandium has been variously referred to as the “Miracle Metal” and a “Spice Metal” because, when alloyed with aluminium in small quantities (0.2% to 0.4%), it produces strong, flexible and weldable lightweight materials critical for next-generation airplanes and automobiles, in particular Electric Vehicles (EVs). “Even at this early stage in the development of the Crater Lake Project, it is important to begin identifying scandium market opportunities and establishing partnerships with customers interested in securing future supplies and supporting project development,” said Peter Cashin, Imperial President & CEO. “With the drive towards lightweighting in these important manufacturing sectors, scandium demand is expected to grow rapidly because of its ability to greatly strengthen aluminium alloys, rendering them corrosion resistant and significantly improving the alloy’s mechanical properties. Imperial fully intends to be a critical supply-chain contributor to the expanding scandium market.” To introduce the Crater Lake scandium opportunity to new European audiences, Imperial will participate in the European Union’s Raw Materials Symposium in Brussels, Belgium, November 12-16. Organized by the European Commission, the event provides an opportunity for market participants to discuss and exchange views on all relevant critical materials supply chain issues. Subjects from mineral policy, technology and international cooperation on policy framework ...