Doubleview Gold Corp CEO Farshad Shirvani joined Steve Darling from Proactive to share news the company is on a mission to transform the scandium market in North America. Scandium, a critical metal, is currently dominated by Russia and China, making it challenging for Western industries to secure a steady supply. However, Doubleview aims to change this narrative by unlocking a secure, North American source of scandium and integrating it into domestic supply chains.
While Canada and the US do have scandium deposits, they are typically of limited scale and uneconomical to mine due to high upfront costs. Scandium is often just a by-product of other mining operations. Doubleview's vision is to address these challenges with its North American deposit, which holds the potential to become one of the world's largest scandium sources. Mining in this region is expected to be straightforward.
Furthermore, Doubleview possesses proprietary processing technology, validated through successful laboratory tests. This technology could prove invaluable if the mine enters production. The deposit is not just a source of scandium; it also contains copper, gold, cobalt, and other elements, including those used in solar panels.
Shirvani told Proactive currently, scandium phosphate sells for around $30 per gram, but Doubleview aims to drive this cost down to as little as $1 per gram. Such a reduction in price would position Doubleview as one of the world's most competitive scandium producers, making it an attractive choice for various industries.
In the short term, Doubleview plans to release a resource estimate for a portion of its deposit in the first quarter of 2024, showcasing its size and quality potential. Following this, continued exploration, along with environmental and pre-feasibility work, will determine whether ore is shipped from the deposit or if Doubleview decides to construct its mill, further enhancing sustainability in the process.
#proactiveinvestors #doubleviewgoldcorp #TSX #gold #otcqb #dblvf #mining #scandium
#ScandiumInnovation #AerospaceRevolution #MiningIndustry #ResourceEstimate #PDAC2024 #CEOInterview #MetalMining #MaterialsTechnology #ScandiumApplications #AluminumAlloy #RareMaterials #MiningUpdate #InnovationInMining #MineralExploration #ResourceRecovery #MetallicMinerals #IndustrialMaterials #StrategicPartnerships #AluminumEnhancement #TechInMining #FutureMaterials #PDACInsights #MiningNews #MineralDepositDiscovery
#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews