WELCOME TO SCANDIUM INTERNATIONAL MINING CORP.
Scandium International Mining Corp. (SCY) owns an 100% interest in the Nyngan Scandium Project, located in New South Wales, Australia, approximately 500 kilometers northwest of Sydney. The Company completed a definitive feasibility study for the project in May 2016 and is focused on advancing the Nyngan Scandium Project to construction, with the objective of being the first company to achieve production from a primary scandium mine. Scandium International has completed all required governmental approvals with the objective of commencing mine construction in 2017 (subject to financing) and scandium production in 2019. The Company also owns an 100% interest in the Honeybugle Scandium property, an exploration property adjacent to the Nyngan Scandium Project in NSW, Australia.
. Scandium has long been recognized as a valuable commodity, but economic concentrations of scandium are rare. Current supply is sourced from low-grade stockpiles or as a byproduct from other mineral processing operations. These limited supply sources have resulted in high market prices and inadequate volume for wide-scale adoption.
. Despite scandium's scarcity, over the past two decades multiple potential high-value commercial uses for the metal have been developed. Of particular interest is the addition of scandium into various aluminum alloys. Relatively small scandium additions into aluminum alloys produce stronger, lighter, heat and corrosion resistant, weldable aluminum products. The aircraft industry depends on advanced aluminum alloys, and would incorporate Al-Sc alloys if consistent scandium supply was available. The automotive sector is increasingly incorporating aluminum alloys into its products to achieve weight reductions and better fuel efficiency. Al-Sc alloys are also used today in bicycles, golf clubs and other sporting accessories where both strength and lightness are important. These applications represent pioneering uses for Al-Sc alloys that should expand to a much wider range of applications, once adequate supplies of commercially priced scandium are available for purchase.
Scandium exhibits very good electrical conductivity and excellent heat stabilization qualities. The primary use for scandium today is in solid oxide fuel cells ("SOFCs"), where both of these attributes dramatically improve performance. Incorporation of scandium in SOFCs delivers higher power outputs and promotes the desired chemical reaction at a lower operating temperature, resulting in dramatically improved unit life cycles. Numerous other applications have been identified and are under development, most notably for strength and superior conductivity in high voltage power transmission lines.
Australia, specifically the New South Wales lateritic clay belt, represents a recent, game-changing discovery of scandium at grades approximately four times the grade of existing sources. These resources are surface-mineable and can deliver scandium at large enough scale to promote much wider use of the metal. Scandium International believes that an assured source of scandium, offered at realistic pricing levels, will promote dramatic increases in commercial scandium demand. Based on the production and pricing estimates outlined in the definitive feasibility study, Scandium International believes the Nyngan Scandium Project can meet market expectations for both supply and price.