Doubleview Gold Corp. [TSXV: DBG; OTCQB: DBLVF; FSE: 1D4] is a leading Canadian exploration company that is currently finalizing a Preliminary Economic Assessment (PEA) and updated Preliminary Resource Estimate (MRE) at its Hat Critical and Strategic Metals deposit in the so-called Golden Triangle of northwestern British Columbia.
The Hat deposit hosts significant scandium potential estimated at 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc2O3, representing one of the world’s largest undeveloped scandium deposits. Doubleview anticipates releasing results from its two-year metallurgical analysis program in the immediate future when details are received from its metallurgical consultants and laboratories.
The company anticipates analysis will confirm high scandium recovery rates and enable its inclusion in the upcoming updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA), both of which are expected to be finalized before the end of 2025.
As the global shift toward electrification accelerates, scandium emerges as a vital material for enhancing energy efficiency and supporting clean technologies. The Hat Project, with its unique polymetallic profile including copper, gold, cobalt, silver, and scandium, positions Doubleview to contribute significantly to this transition.
Scandium (Sc), a close relative of the Rare Earth elements, possesses exceptional properties when alloyed with other metals, particularly aluminum. It is lightweight, corrosion-resistant, and as an alloy is capable of dramatically improving strength, heat resistance, and weldability without adding significant weight. When combined with aluminum, scandium forms alloys that achieve the strength of steel while maintaining the light weight of aluminum, enabling revolutionary applications in transportation, aerospace, and clean energy.
Scandium’s scarcity, produced in limited quantities globally, primarily as a byproduct, makes it a high-value critical mineral, with prices often exceeding $5,000 per kilogram. Global scandium resources are dominated by projects in Australia and northern Europe. Canadian deposits potentially can allow diversity of supply within a stable and mature mining jurisdiction.
At Doubleview’s Hat Project scandium is hosted by a large scale alkalic porphyry system that is one of the world’s very few scandium-bearing deposits. Recent drilling and resource updates, including the maiden Mineral Resource Estimate released in July 2024 and subsequent expansions announced in October 2025, have confirmed an increased footprint and potential volume for the polymetallic deposit. The Hat Deposit is distinguished by its robust mineralization, with scandium occurring with what the Company anticipates being economically viable concentrations of copper, gold, cobalt, and silver. Doubleview’s exploration, including mapping and geophysical and geochemical surveys and more than 100 drill holes, has outlined shallow and deep mineralized horizons, that confirm the deposit’s scale and its potential to become a leading source of base and precious metals, including not only copper and gold but also cobalt, silver and scandium.
Doubleview has made significant investment in metallurgical test work in support of its Hat Project with the objective of optimizing the efficient extraction and recovery of its component metals. High recoveries will enhance project economics by maximizing value from the ore. Notably, the company’s ongoing metallurgical studies, as highlighted in recent progress updates, will refine these techniques further, ensuring environmentally responsible and cost-effective production.
Doubleview believes its Hat deposit’s polymetallic nature and physical characteristics offer a unique and very valuable advantage as scandium can be recovered as a secondary product alongside primary gold and copper production. The by-product concept minimizes incremental costs, leveraging the same mining and milling operations to unlock scandium’s value. By treating scandium as an enhancement to the core copper-gold operation, Doubleview can achieve diversified revenue streams while maintaining operational efficiency, transforming what could be a standalone challenge into a synergistic opportunity.
Beyond EVs, scandium as a catalyst is a key component in solid oxide fuel cells (SOFCs), which generate clean electricity from hydrogen or natural gas with high efficiency and low emissions.
“Scandium represents a game-changer for Doubleview and the broader electrification landscape,” said Farshad Shirvani, President and CEO of Doubleview Gold. “Our Hat Project not only bolsters Canada’s critical minerals strategy but also positions us to deliver high-value materials that drive innovation in clean energy and transportation.”
Doubleview continues to advance the Hat Project through drilling, metallurgical optimization, and resource expansion, with plans for more updates in the coming weeks. Our metallurgical consultants will provide further progress reports that we will share in new releases.
The Hat hosts a large copper-gold-cobalt-scandium porphyry system with significant critical metal potential.
