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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 Zerosumon Sep 21, 2022 10:56am
200 Views
Post# 34976335

RE:RE:stewardship lacking.

RE:RE:stewardship lacking.

The five year warrant on a pp that had a high insider participation indicates that they are looking to sell this and know it could take a while. They know the Scandium market is growing and that Rio Tinto is going to be the major player in the space. Not the only player but a major player. The five year warrant provides for the possibility it takes that long but does not in itself suggest it will take that long. It tells me the starting point was the closing of the pp that's all. However i must think that the Scandium symposium would have been a good place to get the word out and a potential lead event to accomplishing the goal of selling or partnering. So why did they not as of yet go to this forum. Cost?

When you have Rio Tinto there,  I'm pretty sure you want to be there too. Either they are not engaged at all or a deal is in the works and it's in the DD stage. I have no idea whether this new group has ever talked to Rio Tinto but I do know they have in the past spoken with RF. But the Scandium Symposium would have given the opportunity to have spoken with Rio Tinto. The cost may be greater to have not gone to this event. There’s still time to register so maybe we see CLQ appears a participant is they squid Nyngan first. I doubt any talks between SCY and CLQ go anywhere but we’ll see.

 

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