Doubleview Pursues G7 Defense Supply Integration for Hat Project Following U.S. Scandium Funding Initiative
Doubleview Gold Corp. has initiated formal high-level strategic engagements with Canadian federal and provincial leaders, submitting official policy briefings to position its 100%-owned Hat polymetallic porphyry project in British Columbia's Golden Triangle as a domestic supplier for Western defense supply chains.
The diplomatic push follows a conditional US$400 million loan commitment by the U.S. Department of War’s Office of Strategic Capital directed toward allied primary scandium infrastructure. Doubleview delivered its Strategic Policy Brief to Prime Minister's Economic Advisory Council Chair Mark Carney and British Columbia Premier David Eby, outlining immediate pathways to fast-track development and integrate domestic production into Western G7 critical mineral architectures.
Scandium is classified as a material of critical defense import due to its role in next-generation high-heat aluminum alloys used in aerospace and specialized security applications.
“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. Canada, and British Columbia specifically, holds the keys to Western security through generational deposits like the Hat Project. We are proactively engaging with Prime Minister Mark Carney and Premier David Eby's offices to ensure that domestic infrastructure capital, streamlined provincial permitting frameworks, and cross-border defense supply integrations are prioritized immediately to capitalize on this migrating G7 capital.”
— Farshad Shirvani, President and CEO
The Hat Project hosts a measured and indicated mineral resource containing 2,415 tonnes of scandium oxide and 80.1 million pounds of cobalt. A preliminary economic assessment for the asset demonstrated an after-tax net present value ranging between C$6.73 billion and C$7.27 billion, alongside an internal rate of return between 19% and 23% based on consensus metal prices.
In June 2026, Doubleview appointed Canaccord Genuity Corp. as a financial advisor to conduct a formal strategic review process focused on potential sales of the company or the Hat Project, mergers, or joint ventures. Technical work at the property supports ongoing metallurgical optimization and pre-feasibility study preparations as intergovernmental coordination continues.
The broader northwestern British Columbia jurisdiction continues to attract major capital, highlighted when Kingfisher Metals Corp. closed a strategic private placement raising C$20,885,761 with Barrick Mining Corporation for its HWY 37 project within the surrounding district in July 2026.
Read the full announcement: Doubleview Gold Corp. Pursues Strategic Government Engagement Following US$400M U.S. Dept of War Scandium Funding Initiative