Scandium International Mining Corp T.SCY

Annual report – WHAT YOU NEED TO KNOW

[OgnyQ4]

• The 2017 Alcereco offtake agreement expired in December 2020, and was not renewed by the parties.

• Nyngan Scandium Project - Planned Activities                                      -  

Initiate project commissioning in early 2023, with product available for sale by mid-year 2023

 

• At December 31, 2020, we had working capital of $(951,674) including cash of $170,284 and current liabilities of $1,154,388

 

• As at December 31, 2020, the Company owed $702,456 (2019 - $269,165) to officers of the Company.

 

Our continued development is contingent upon our ability to raise sufficient financing both in the short and long term. There are no guarantees that additional sources of funding will be available to us; however, management is committed to pursuing all possible sources of financing to execute our business plan.

[teddygva]

How do you see their future?

[OgnyQ4]

["New sales agreement extends delivery start date to as late as December 2020, Agreement addresses delivery of 225 tonnes/year of master alloy, for three years, Contract sets agreed prices of master alloy from delivery start date, on 150 tonnes of master alloy (2%) product per year," Before to go to the toilet : -ALCERECO sales agreement was extended for a second time. -ALCERECO sales

[OgnyQ4]

Before to sign offtake agreement or any kind of agreement, the Partner will definitely DD about how SCY performed with the agreement that was signed before. SCY entered into offtake agreement in 2015 with Alcereco Inc . 6 years later – nothing……..   “All good things arrive unto them that wait--and don't die in the meantime.” Mark Twain

[teddygva]

All LOI seems to have gone nowhere

[ARIMA11]

Well not quite. At least there is this that we're aware of. An update would be nice at some point. Cerium-Scandium Aluminum Alloy Program Agreement On February 27, 2020, the Company announced signing a Program Agreement with Eck Industries (“ECK”) located in Manitowoc, Wisconsin, to pursue novel alloy development of a combined cerium-scandium aluminum alloy, based on previous work done

[ARIMA11]

https://www.congress.gov/116/meeting/house/110321/witnesses/HHRG-116-SY20-Wstate-WeissD-20191210.pdf

[Zerosum]

Did ECK get samples from SCY only to use them to prove the Cerium was in favt a better replacement fot Sc? The need for improved aluminum alloys continued to expandand Eck Industries suggested the use of cerium as a possible scandiumreplacement to the Critical Materials Institute(CMI)in 2015.

[ARIMA11]

Yeah, read that too but I think that Sc has application that CE does not. https://www.tandfonline.com/doi/full/10.1080/02670836.2019.1702775 Also, RioTinto is not promoting Element 21 for nothing.  https://www.elementnorth21.ca Once the supply increase, the cost will decrease and demand will go up.

[ScandiumPower]

Superior effect of Sc compared to Ce. Only problem is high pricing of Sc because of missing supply chain. Are we going to fix that or what GP?

[teddygva]

Can fix corporate presentation ?

[Zerosum]

Fix the corporate presentraion ? Why ? It may talk about waste streams and that could be leading investors. if a deal is close. also if you havent noticed they seem adverse to share price appreciation. Yes ladies and gentelmen we've bought into a company that actually prefers it's share price not to go up. Now go find out why.

[Trekewl]

The 2017 Alcereco offtake agreement expired in December 2020, and was not renewed by the parties. Alcereco was seeking new company sponsorship at this time, was financially distressed, and the parties could see no benefit to renewal under those circumstances. Alcereco had notified SCY of a planned closure of operations in December, with future re-start possibilities unknown. Alcereco halted