Imperial Mining Group Ltd. and partner Albecour Inc. announced that they have signed a Memorandum of Understanding to investigate the potential of producing specialty Scandium-Aluminum alloys in the Province of Quebec. Under the terms of the MOU, the Parties intend to evaluate, and if deemed commercially viable, enter into a commercial agreement for the manufacturing of Scandium-Aluminum master alloys with an aluminum production plant to be identified by the Parties. The Parties plan to execute the Project as soon as commercially viable and will require 18 to 24 months to complete.

The electric vehicle, aeronautic, space, offshore wind, and defence sectors are the target markets for Scandium-Aluminium alloy products.