Scandium Canada Ltd. has announced the return of Jeff Swinoga as director and Chairman of the Board, effective February 4, 2026. Swinoga previously served as Chairman from October 2021 to May 2025, during which the company transitioned from Imperial Mining Group to Scandium Canada and advanced the Crater Lake project through resource estimation and metallurgical testing phases. His reappointment signals a strategic move to leverage his proven track record in capital markets and project development as the company approaches critical production milestones.
Swinoga brings over 25 years of mining industry experience, including significant roles at major companies where he demonstrated expertise in large-scale financing and corporate growth. He notably served as Chief Financial Officer of Torex Gold Resources, where he led the US$400 million financing for the El Limon-Guajes gold mine in Mexico, and as Chief Financial Officer of HudBay Minerals, contributing to its growth to a market capitalization exceeding $2 billion. His seven-year tenure at Barrick Gold Corporation as a senior officer responsible for project financing further solidifies his credentials in securing funding for mining ventures. Currently serving on multiple boards including other Canadian public mining companies and PDAC, Swinoga's network and experience position him to guide Scandium Canada through its next development phase.
The Crater Lake project represents Scandium Canada's primary asset, with the company aiming to establish itself as a leading primary scandium producer to meet growing demand for aluminum-scandium alloys. These alloys enable lighter, greener, and longer-lasting high-performance materials with applications in aerospace, transportation, and other advanced manufacturing sectors. Swinoga expressed confidence in the project's potential, stating, "Having witnessed the Company's evolution firsthand over the past several years, I remain convinced of the exceptional potential of the Crater Lake project and the strategic vision of the management team." His return suggests continuity in leadership and a focused approach to advancing the project toward commercial production.
Scandium Canada's CEO Guy Bourassa emphasized the strategic importance of Swinoga's return, noting that "his deep knowledge of our project, combined with his extensive experience in financing and development, will be invaluable as we continue advancing the Crater Lake project and development of our Al-Sc alloys through our Scandium+ division." The company's forward-looking statements caution that actual results may differ from expectations due to various risk factors, with detailed information available in disclosure documents on the SEDAR+ website. The appointment comes as scandium gains attention as a critical mineral for advanced manufacturing, with Scandium Canada positioning itself to capitalize on this emerging market through its integrated approach combining mining operations with alloy development capabilities.
