A complete turnaroundI just watched the January 2020 interview with Andrew Scott (Proactive) again. The contrast between the past and present couldn't be bigger: the company
has truly reinvented itself, which is already a remarkable achievement!
https://www.youtube.com/watch?v=eonH58uPgMg Our views on the company are probably still clouded by the 'scandium struggle'. We need to let go of this, and only look at the future, from a new and fresh perspective. Now is the time.
I’ve made a little summary of GP's 6 minutes. The story has so many great details, It's almost hard to grasp the whole. https://www.youtube.com/watch?v=vgJboT8tzrs 1. Developing mineral projects that produce critical metals; we
have the capabilities to advance this strategy
2. Build and
retain ownership positions in these projects without building new mines
3. We’ve already established
a first partnership on this path: the LOI with NGM.
NGM is a great partner 4. “Smart business for the mining business”: CMR
Improves leaching performance and
reduces remediation obligations 5. There’s a
wide group of investors who would very much like the idea of owning a critical metals production stream without having to own the mine –
financing the HPA project (50%) won’t be a problem 6. The (HPA) development program;
Construction decision (in 2022) - Confirm flowsheet design
- Construction of a pilot plant
- Generate customer samples – in order to obtain sales agreements
- Refined product cost estimates
7. HPA market dynamics:
supporting new entrance into the market, particularly
low cost operators – no barriers to entry.
8. A US based producer offers additional attraction to US based battery manufacturers /
Domestic US source 9. Aiming for
operation in early 2024 – a clear path to production
10. Serve the battery markets / serving growth markets /
SCY: a battery revolution participant 11. Efficient technology, economical and patent protected – creating a
sustainable competitive advantage for SCY (the holy grail in marketing)
12. The project has
very little environmental impact (locally at the production site)
13. An
ESG Story (for NGM, SCY and future customers) – which allows them to demand a
premium price for their HPA.
14. Investors can
anticipate a good news flow in 2022 from the development program
15. A
repeatable business plan for SCY (
Globally): SMART business for miners – a growth story
All the best for 2022!