Cymat Technologies, Kap Minerals Sign MOU to Produce Scandium-Aluminum Master Alloy in Canada

12:22 PM EDT, 10/28/2026 (MT Newswires) -- Cymat Technologies (CYM.V) said on Wednesday that it has signed a Memorandum of Understanding (MOU) with closely held Kap Minerals to advance a joint venture to produce scandium-aluminum master alloy in Canada. The partnership would combine scandium oxide from KAP's Kapuskasing critical minerals project in northern Ontario with Cymat's aluminum-processing technology and manufacturing expertise. It aims to produce commercial-grade master alloy production for demonstration by the end of 2027. Scandium-aluminum master alloy is used to produce specialized aluminum alloys for the aerospace, defense and industrial sectors. The two companies intend to pursue commercial agreements with customers in Canada and allied markets. Cymat Technologies shares were last seen down CA$0.005 to CA$0.10 on the TSX Venture Exchange.