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 > Scandium International Mining Announces Private Placement

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Comment by SiteSearchon Apr 19, 2022 7:59pm

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Post# 34615016

RE:Scandium International Mining Announces Private Placement

speechweb123456 wrote:
RENO, NV / ACCESSWIRE / April 19, 2022 / Scandium International Mining Corp. (TSX:SCY) (the "Company") announces a proposed non-brokered private placement of up to 33,333,333 units (each, a "Unit") at a price of C$0.09 per Unit for gross proceeds of up to C$3,000,000.

Each Unit will consist of one common share of the Company and one share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the Company at a price of C$0.1075 per share for a period of five years from the date of closing.

The Company intends to use the proceeds of the private placement for general working capital purposes. Closing of the private placement is subject to the acceptance of the Toronto Stock Exchange.

The Company's largest shareholder, Scandium Investments LLC, has agreed to participate in the private placement in an amount of US$500,000.

View source version on accesswire.com:
https://www.accesswire.com/697916/Scandium-International-Mining-Announces-Private-Placement

Ok - two quick News Releases - if they stay true to their pattern another News Release soon - and then us waiting again for months waiting for Just Around the Corner to be turned.

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