Cymat Plans Joint Venture With KAP Minerals to Produce Scandium-Aluminum Alloy
Bitget2026/11/02 15:39- Cymat Technologies signed a memorandum of understanding with KAP Minerals for a proposed scandium-aluminum master alloy production joint venture in Mississauga, Ontario.
- KAP would recover scandium from surface tailings at an Ontario phosphate mine, using existing infrastructure to support low-cost production.
- The venture would use proprietary flux-free technology to supply aerospace, defense and advanced manufacturing markets.
- Both partners aim to secure non-dilutive government financing for the project.
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