New corporate presentation: HPA project is well underwayhttps://scandiummining.com/site/assets/files/3480/corporate_investor_presentation-_november_12_2021__final.pdf Slide 5 clearly shows the HPA process flow.
CMR is now mainly focused on HPA. And
potentially other critical metals. Scandium requires its own processing circuit (but is still a priority).
The 70M CapEx will be split: 50:50 ownership (HPA on-site, Phoenix is the operator). Development program: US 2.7M (50:50) now focused on HPA.
Economics (slide 6) do not take other recoverable metals (Cobalt, Nickel, Scandium, etc.) into consideration.
SCY needs to come up with US 1.35M + 35M (which is the 50:50 split), in total US 36.5M. Which is far less than previously estimated.
Clear path to production. Although SCY has not yet financially contributed to the project, that doesn't stop them and the people at NGM to work on the project.
Conclusion: The HPA project is well underway