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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 AllDutch1234567on Jul 02, 2021 7:51am
123 Views
Post# 33481003

RE:RE:Corporate Presentation?

RE:RE:Corporate Presentation?Yes, why is that? Good question Zero!

I don’t think Monday's news release was planned this way; I agree, they had to react because of what JK had found out about their partnership with Barrick.
 
As I suggested before, the NR was mostly aimed at CEOs of other copper mines (globally) - a showcase of SCY's newly developed capabilities and an indication of how beneficial CMR is to companies hosting the program: “From a copper industry standpoint, this CMR process can effectively increase mine valuations, can effectively extend mine/reserve life at current production rates, and will result in cleaner tailings, potentially lower ongoing environmental management costs, and lower final reclamation expense.
 
This program is a win-win for all involved. Who wouldn’t want that? The LOI with Barrick is a template for all others to come (which should significantly shorten the time to set up these deals)
 
Before they can start planning this ‘refinery site’ they first need some indication of its scale (its capacity). And because of ‘economies of scale’: the bigger, the better! So, the more hosting deals the better! Their aim is: “to produce material quantities of strategically important metals” 
 
There’s a major transformation going on in the background – this is going to be a completely new company, it’s not all about scandium and mining anymore, and it will definitely need a new name. It’s my guess that GP will let us (shareholders) in on the whole story, only when some critical milestones have been met. Things like more CMR/HPA LOIs, an offtake agreement with a battery-maker, a plan to raise capital for the refinery. 

So, IMO they are promoting the company to potential new business CMR partners, but not putting in a lot of effort to attract new shareholders or inform existing shareholders (to increase the share price).

And I agree with JK that we’re already well underway… stay tuned!!

Zerosum wrote: How about we figure out when to properly issue news releases. NOT on the week where both July 01 Canada Day and July 04 fall creating super slow markets. When will they get it together?
But we know ABX was talking about CMR months ago so SCY did a reactionary NR. In reality again hiding information seems to be the norm. Sure NDA, well ABX did not adhere to it - if there was one at all. SCY should have release an LOI release at the first sign ABX was publicly talking about it. Sloppy. Same old same handling of news flow poor timing and reactionary. Why is that?



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