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Scandium International Mining Corp T.SCY


Primary Symbol: V.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.


TSXV:SCY - Post by User

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  • ScandiumPowerX
Post by ScandiumPoweron Jul 14, 2022 3:00am
346 Views
Post# 34823154

Hydrogen Economy cancelled without Scandium?

Hydrogen Economy cancelled without Scandium?
27 Jan 2022, 12:59
   
Sren Amelang

Metals needed for hydrogen production could get scarce, German authority warns

Clean Energy Wire / Tagesspiegel Background

Key raw materials needed for most types of clean hydrogen production could become scarce and much more expensive, Germany's Federal Institute for Geosciences and Natural Resources (BGR), which advises the government, has warned. "We see the greatest supply risks in iridium and scandium - due to the very high demand on the raw material markets from water electrolysis alone," the BGR's Mineral Resources Agency (DERA) said in a report. "These raw materials already have high supply risks today. The markets for scandium and iridium are very small," the report said, adding that supply is highly concentrated and limited to only a few countries, while the market is very intransparent.

The authority said that by 2040, demand for scandium is set to increase more than two and a half times and demand for iridium will even soar five-fold compared to 2018 production. "A significant expansion of production is therefore necessary," said Siyamend Al Barazi, a geologist with DERA. "Price increases and temporary supply bottlenecks cannot be ruled out here," he told the climate and energy newsletter Tagesspiegel Background. "In addition to the required increase in production, the concentration of processing in China is a problem for supply security," Al Barazi added, referring to a whole variety of metals needed for hydrogen production.

Hydrogen produced by water electrolysis powered with renewables is seen as a key tool for decarbonising industry, aviation, and other sectors. Germany, the EU and many other states across the globe have ambitious plans for scaling up production in the years to come.

https://www.cleanenergywire.org/news/metals-needed-hydrogen-production-could-get-scarce-german-authority-warns

 

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