Doubleview Gold seeks Canadian backing after US$400M scandium loan

Doubleview Gold Corp. is seeking Canadian federal and provincial backing after the U.S. Department of War committed US$400 million to allied scandium infrastructure.

"The unprecedented mobilization of hundreds of millions of dollars by the U.S. government for allied scandium development signals that the critical mineral race has entered an entirely new, high-velocity operational phase," Farshad Shirvani, president and chief executive officer at Doubleview, said.

The Vancouver-based miner submitted a strategic policy brief to Mark Carney, chair of the Prime Minister's Economic Advisory Council, and David Eby, premier of British Columbia, outlining pathways to fast-track its Hat Project in the province's Golden Triangle. The deposit hosts 2,415 tonnes of scandium oxide and 80 million pounds of cobalt in measured and indicated categories, per the company's Preliminary Economic Assessment, which shows an after-tax net present value of C$6.73 billion to C$7.27 billion and an internal rate of return of 19 percent to 23 percent.

Scandium is classified as a critical defense material for next-generation high-heat aluminum alloys used in aerospace and defense applications. The company is seeking streamlined provincial permitting and cross-border defense supply integration as it advances metallurgical optimization and pre-feasibility study work.

Hat Project Holds 2,415 Tonnes of Scandium Oxide

The resource estimate, effective Feb. 4, 2026, covers 609 million tonnes in measured and indicated categories at a 0.2 percent copper-equivalent cut-off, plus 503 million tonnes inferred. Scandium grades average 28.77 grams per tonne across the measured and indicated material, with 76 million tonnes slated for a dedicated scandium leach circuit. The estimate incorporates 97 diamond drill holes totaling 49,548 meters of core, prepared by Mineit Consulting Inc. and peer-reviewed by ARSENEAU Consulting Services.

The project also carries copper, gold, silver and cobalt credits. Measured and indicated material grades 0.21 percent copper, 0.18 grams per tonne gold, 0.008 percent cobalt and 0.38 grams per tonne silver, with metal content of 2.42 billion pounds copper, 3.22 million ounces gold and 80.1 million pounds cobalt. Economic assumptions include US$4.80 per pound copper, US$20 per pound cobalt, US$3,200 per ounce gold and US$46 per ounce silver.

Western G7 Scrambles for Primary Scandium Supply

The U.S. Department of War's Office of Strategic Capital signed the US$400 million conditional loan commitment to fund allied primary scandium infrastructure, marking a shift in Western defense supply chains. Scandium is produced largely as a byproduct in China and Russia, leaving G7 nations reliant on adversarial sources for a metal critical to aerospace and defense. The Hat Project's 2,415 tonnes of scandium oxide would make British Columbia a domestic alternative within the emerging Western critical minerals architecture.

Doubleview trades on the TSX Venture Exchange under DBG and on the OTCQX under DBLVF. The company plans further updates as metallurgical optimization, pre-feasibility study preparation and intergovernmental coordination advance.

This article is for informational purposes only and does not constitute investment advice.