The paper determines the indicators of the developed process flow for the complex processing of red sludge via the formate method: recovery of components; yield and composition of products when processing a sample of formate solution obtained from red mud leaching. The conducted experiments used red mud generated in the production of alumina at the Urals Aluminium Smelter. The samples of formate solution obtained in the course of red mud leaching were analyzed using an Optima 8000 ICP-OES Spectrometer, a Sartorius MA-30 Moisture Analyzer to measure moisture content, as well as an ARL 9800 XRF Spectrometer to ascertain the mass fraction of elements in metal and nonmetal specimens found in one of three states (solid, liquid, or powder). These experiments were performed while continuously measuring and monitoring pH values by means of a pH meter having a thermal compensation function. The performed experiments involved the total recovery of valuable elements from formate solutions produced during red mud leaching. A concentrate containing Al, Sc, and rare earth elements (REEs) was processed to produce scandium oxide and rare earth metal concentrate (after dissolving aluminum in an alkali). Rare earth metals and scandium were shown to concentrate in the solid phase; scandium was then selectively leached with a sodium bicarbonate solution to form water-soluble carbonate complexes [Sc(CO3)4]5- having carbonate ions СО32- and НСО3-. When using the proposed technology, the overall recovery of scandium and REEs amounts to 98–99%, whereas that of aluminum, calcium formate, and sodium formate from the produced solution reaches 99%. The processing of formate solution yields the following end products: scandium oxide (99 wt% Sc2O3) and REE concentrate (content of 56.1%). The paper demonstrates the possibility in pri nciple to process solutions obtained from the flow-through leaching of red mud via the formate method.