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.

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Scandium International Mining Corp > Which one is worth of news release filing or granting?

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Comment by teddygvaon May 08, 2021 6:08am

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Post# 33159128

RE:RE:RE:RE:RE:RE:Which one is worth of news release filing or granting?

There is no proof that SCY is in discussion with Freeport. If the patents were tested at lab or small pilot plant it would already been announced. Companies like Freeport don't sign with unproven tech. Has any of the patents been implemented and produced anything?

ARIMA11 wrote:
teddygva wrote: Because these patents aren't proven economically viable and if any miner want to extract more byproducts they can go on their own. If the patents were that innovative you would hear it on the news. Miners already have technical team onsite to extract whatever they have, it is just a matter of cash cost.

northmark wrote: A simple question. If there is value in these new patents then why is today's share price falling?

Curious to know if the work leading to the recent patents was done in a lab or a pilot plant?

Assuming a lab, SCY will need to scale this up to a pilot plant. If it was a pilot plant, then it will need to scale it up to as part of the commercial production. Who knows what stage this is at?

Its true that these patents need to be proven economically viable and depending on where they are in the process more time (and money) may be needed.

If anyone were to uses a patented method they would be liable. Granted, SCY doesn't have the financial resources to legally fight a patent violation but it hopefully will not come to that.

Its funny that its "common knowledge" that they are in talk with Freeport when the company has not disclosed anything. This is truly a speculative story. :)