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 > Financing takes at least 6 months

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Comment by AllDutch1234567on Sep 30, 2021 10:06am

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Post# 33943030

RE:RE:RE:Financing takes at least 6 months

IMO, it's a 2 stage financing: the 1st stage is the 8M for development work; the 2nd stage the CAPEX financing. They are not separate processes.

Zerosum wrote: 150? I would think they would first look to raise 15 million first to initialte the hPA and CMR buildout and also to meet the LOI with NGM requirerments of 1.5-2.0 million. The work is going ahead at Phoenix right now while SCY arranges financing. This fact is also not priced in to the shares because mister silence deems this a strategic secret for some reason...

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