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Scandium International Mining Corp T.SCY

Alternate Symbol(s):  SCYYF

Scandium International Mining Corp. is a mineral exploration and development company. The Company’s advanced project is the Nyngan Scandium Project, located in New South Wales, Australia (the Nyngan Scandium Project), on which it holds a mine lease grant, a development consent, and 100% of the mineral rights. The Nyngan Scandium Project site is located approximately 450 kilometers (km) northwest of Sydney, New South Wales (NSW), Australia and approximately 20 km due west from the town of Nyngan. The Company has a 100% interest in an exploration license (EL 7977) covering the Honeybugle Scandium property. The Honeybugle Scandium property covers over 34.7 square kilometers and is located 24 km from the Nyngan Scandium Project. The property includes four distinct magnetic anomalies: Seaford, Woodlong, Yarran Park and Mallee Valley. The Company's subsidiaries include EMC Metals Australia Pty. Ltd., EMC Metals USA Inc., Scandium International Mining Corp. Norway AS and others.


TSX:SCY - Post by User

Comment by ChiliWillieon Jul 03, 2017 2:54pm
132 Views
Post# 26429864

RE:RE:some dd for you

RE:RE:some dd for youYou prompted me to read two patents by William D.

1 https://www.google.com/patents/US20120207656?dq=Scandium&hl=en&sa=X&ved=0ahUKEwiNj-DU0u3UAhUIyoMKHfmHDDwQ6AEIMDAD

2.https://patentimages.storage.googleapis.com/US20120207656A1/US20120207656A1-20120816-D00000.png

The first patent extracts Scandium oxide from ores which is currently the product that is marketed. The second patent presents the problems with use of Scandium oxide directly to make a master aluminum alloy. The patent presents the use of a Scandium precursor Scandium hydroxilate for addition to the molten aluminum to produce the master alloy. 

The second patent notes that the precursor can be produced directly from the extraction process ie patent 1 

SCY seems to play "pretty close to their chest", not disclosing their detailed plans. I have said that offtake agreements for scandium oxide do not be critical to the company plans. This may be because they plan on producing scandium hydroxilate precursor to feed the Australian aluminum recycler to produce the master alloy. They wouldn't need offtakes if that is the plan.

We will see.
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