Scandium International Mining Corp T.SCY

Response from SCY

[northmark]

Regarding HPA project:
Thank you for your question. 

The board came to the conclusion that prioritizing the company's capital
resources on the scandium projects will be what is in the best interest of
all shareholders.

While SCY (like many groups/companies) consider HPA conceptually
interesting, after the HPA program was announced as a focus, the company was
not able to raise external independent financing on reasonable terms to test
whether or not the concept was viable or not. Would flag to you that the
news release says idled so we can return to it depending upon how macro
events unfold. 

If you would like a follow-up call, please provide a phone number.

Best regards,

[ARIMA11]

Cheers Northmark! This sticks: "not able to raise external independent financing on reasonable terms"  You have to wonder about competence issues here. This direction had to be approved by the board...   The most recent MD&A (March 14th 2022): Our plan of operation for 2022 is to progress development of our CMR Project with our partner to the point where we can

[ARIMA11]

Surely the final CMR production facilitiies would have been much higher than $2.7M. However, it could not have not possibly rivaled Nyngan $90M, otherwise.... :) Let's hope that new management will bring a stronger execution to this venture. For shareholders this investment has been years of opportunity cost... Painful. 

[northmark]

Let's hope for a fresh start and a new audience. Regarding the NGM project I think that George was on a short leash this time. 

[Zerosum]

No one mentions they are looking to raise 90 million. You droped that in yourself.

[ARIMA11]

https://scandiummining.com/projects/nyngan-scandium-project/ LOL :)