According to Imperial Mining Group Ltd. (TSXV:IPG) CEO Peter Cashin, scandium-aluminum alloys have numerous industrial applications. It’s corrosion resistant and 40 percent lighter than titanium alloys, which has captured the attention of automobile and aerospace manufacturers.
In the interview below, Cashin touched on Imperial Mining’s marketing efforts in Europe. He has determined that automobile manufacturers are interested in using scandium, but are unwilling to work with companies in jurisdictions with environmental liability concerns. Additionally, automobile manufacturers are looking for the right price before they initiate R&D programs.
According to Cashin, Imperial Mining has negated such risks with its Crater Lake scandium project in Quebec, Canada, a world-renowned and reliable mining jurisdiction. He believes that once in production, Crater Lake could make a return at a market price of $1,200 – the ideal rate for manufacturers.
Cashin also provided an update on Imperial Mining’s exploration activities at Crater Lake and its Opawica and La Roncière gold properties, as well as the Carheil-Brouillan copper-zinc property. The company is currently drilling at Crater Lake and hopes to release a preliminary economic assessment (PEA) by the end of the year. As for the rest of Imperial Mining’s projects, the company has planned drill programs for its gold assets and its partner SOQUEM is drilling at Carheil-Brouillan.
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This video interview is sponsored by Imperial Mining Group Ltd. (TSXV:IPG). This video interview provides information which was sourced by the Investing News Network (INN) and approved by Imperial Mining Group Ltd, in order to help investors learn more about the company. Imperial Mining Group Ltd is a client of INN. The company’s campaign fees pay for INN to create and update this video interview.
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