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Scandium International Mining Corp T.SCY

Alternate Symbol(s):  SCYYF

Metals & Mining Industrial Metals & Minerals
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

Scandium International Mining Corp
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Comment by AllDutch1234567on Feb 24, 2020 12:10pm
120 Views
Post# 30726352

RE:NEWS: SCY successfully completed Master Alloy program

RE:NEWS: SCY successfully completed Master Alloy program
AllDutch1234567 wrote: High lights:

- The microstructure and metal quality meet major alloy producer’s specification

- Most importantly, this capability will enable Scandium International to keep the cost of our scandium feedstock product as low as possible, and also fully under our control.  We see these capabilities as essential to proper market development.”
And now they are ready to sign those offtakes...

https://www.scandiummining.com/news/scy-completes-program-to-demonstrate-al-sc-master-alloy-manufacture-capability/



Here's one of my previous post (January 4, 2020), that I think is extremely relevant now. 

https://stockhouse.com/companies/bullboard/t.scy?postid=30517766

This is the part I'm referring to:

There’s no issue with the willingness of the LOI partners, it is the completion of master alloy pilot trials and optimization work that is causing delays.
 
‘Complete master alloy pilot trials and optimization’ was first mentioned in the 10-K 2018.
https://www.scandiummining.com/site/assets/files/6038/2018-form-10k_scy.pdf
Page 26
 
Nyngan Scandium Project - Planned Activities for 2019-2020
The following steps are planned for Nyngan during the 2019 and 2020 Calendar years:
• Complete master alloy pilot trials and optimization work in Q1/Q2 2019
 
Now go to the following 2019 quarterly reports and watch a pattern emerge (focus on timelines and the first 3 bullets)
 
https://www.scandiummining.com/site/assets/files/6047/scy_form_10q_q1_2019_final.pdf
Page 15
 
Nyngan Scandium Project - Planned Activities for 2019-2020
The following steps are planned for Nyngan during the 2019 and 2020 calendar years:
· Complete master alloy pilot trials and optimization work in Q2 2019,
· Pursue additional offtake agreements in support of planned future scandium sales,
· Seek project construction financing for the Nyngan Scandium Project in Q4 2019/Q1 2020
 
 
https://www.scandiummining.com/site/assets/files/6051/2019-q2-scy-form-10q-filed.pdf
Page 15
 
Nyngan Scandium Project - Planned Activities for 2019-2020
The following steps are planned for Nyngan during the 2019 and 2020 calendar years:
• Complete master alloy pilot trials and optimization work in Q3 2019,
• Pursue additional offtake agreements in support of planned future scandium sales,
• Seek project construction financing for the Nyngan Scandium Project in Q1 2020
 
https://www.scandiummining.com/site/assets/files/6053/scy_form_10q_q3_2019.pdf
Page 16
 
Nyngan Scandium Project - Planned Activities for 2019-2020
 The following steps are planned for Nyngan during the 2019, 2020 and 2021 calendar years: • Complete master alloy pilot trials and optimization work in Q4 2019,
• Pursue additional offtake agreements in support of planned future scandium sales,
• Seek project construction financing for the Nyngan Scandium Project in Q2 2020
 
I think it is safe to say that the offtakes and project construction financing are both waiting on completion of the master alloy trials and optimization work. SCY has to meet the standards set by the Aluminum alloy manufactures.



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