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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

Post by shloon Jan 31, 2021 2:03pm
181 Views
Post# 32431976

I am puzzled

I am puzzledClearly, Scandium is moving gradually to the front of the stage. What is not clear to me, is what role SCY plays in the awakening of the scandium. Given the ability to produce quality scandium even without scandium-rich ores, SCY's position seems a little pathetic. Can anyone explain why SCY has any advantage over much larger companies that are able to produce scandium at a much cheaper price and without the high mining set-up costs? Thank you.
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