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Montr\u00e9al’s Scandium Canada, a company that specializes in rare-earth minerals, has recently acquired Ferreol Technologies, a ski manufacturer based in Qu\u00e9bec City. This move is aimed at utilizing Ferreol’s advanced materials to produce parts for aircraft and spacecraft.<\/p>\n
Details of the Acquisition<\/strong><\/p>\n The acquisition, valued at $6.6 million, combines cash, stock, and assumed liabilities. Ferreol, known for creating skis from an aluminum-scandium alloy, will be rebranded as Scalium+ under Scandium Canada. This merger positions Scandium Canada as the sole producer of scandium metal in North America.<\/p>\n Future Aspirations<\/strong><\/p>\n With Ferreol\u2019s established production capabilities, the company plans to leverage this technology to enhance the use of scandium in making lighter and more fuel-efficient aircraft and spacecraft in the coming decade. According to Scandium Canada, some of Ferreol\u2019s alloys are significantly stronger than traditional aerospace aluminum, offering potential advantages in various applications.<\/p>\n Advantages of Scandium Alloys<\/strong><\/p>\n Scandium-infused aluminum creates materials that are not only lightweight and strong but also resistant to corrosion. This makes the alloys ideal for high-performance uses, such as in airplanes, space vehicles, and a range of other industries.<\/p>\n Mining and Supply Chain Development<\/strong><\/p>\n Scandium Canada is actively mining at the Crater Lake site in northern Qu\u00e9bec, where it holds rights to 96 mining claims over a promising 47-square-kilometre area known for its scandium resources. By integrating Ferreol into its operations, Scandium Canada aims to establish a complete supply chain for scandium, from mining to alloy production within the province.<\/p>\n Broadening Horizons<\/strong><\/p>\n In addition to aerospace applications, Scalium+ believes that its innovative materials can be effectively utilized in 3D printing and electronic components, further contributing to the efficiency of electric vehicles.<\/p>\n In summary, the acquisition marks an exciting step for Scandium Canada as it ventures into new markets and harnesses the potential of advanced materials for various high-tech applications.<\/p>\n\n","protected":false},"excerpt":{"rendered":" Scandium Canada Acquires Ferreol Technologies for Aerospace Innovations Montr\u00e9al’s Scandium Canada, a company that specializes in rare-earth minerals, has recently acquired Ferreol Technologies, a ski manufacturer based in Qu\u00e9bec City. This move is aimed at utilizing Ferreol’s advanced materials to produce parts for aircraft and spacecraft. Details of the Acquisition The acquisition, valued at $6.6<\/p>\n","protected":false},"author":1,"featured_media":36401,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[34],"tags":[47965,9148,42922,9584,47966,47964],"class_list":["post-36400","post","type-post","status-publish","format-standard","has-post-thumbnail","category-technology","tag-ferreol-technologies","tag-hardware","tag-montreal","tag-quebec","tag-scalium","tag-scandium"],"_links":{"self":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/posts\/36400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/comments?post=36400"}],"version-history":[{"count":0,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/posts\/36400\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/media\/36401"}],"wp:attachment":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/media?parent=36400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/categories?post=36400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/tags?post=36400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}