|London, July 25, 2019 – Scandium International Mining Corp. (TSX:SCY) has recently concluded a comprehensive EU roadshow with Swiss Growth Forum, whereby the Company met with over 200 institutional investors in the cities of London, Milan, Lugano, Zurich, Geneva, Monaco and Luxembourg. The roadshow presentations done by George Putnam, CEO and Andreea Porcelli, SGF Founder, provided the perfect venues for potential investors to understand SCY’s plans to be the first pure mining and extraction play for the specialty metal, scandium. Scandium has an exciting future as an additive for manufacture of advanced aluminum alloys. The Company presented numerous applications and described various programs underway in support of future sales contracts for its planned scandium products.|
The management of Scandium International will be hosting a follow-up conference call Tuesday, 30th of July, at 16:00 CET. To add this call to your calendar and get the dial-in details, click on the link below.
|On July 24th, SCY released news of receipt of a revised mine lease, for its Nyngan Scandium Project, in New South Wales, Australia, granted to the Company’s Australian subsidiary, EMC Metals Australia Pty Ltd. This new mine lease (“ML 1792”) replaces an earlier 2017 granted mine lease, and recently had become a required step with regulatory agencies of government. Receipt of this revised mine lease demonstrates both the quality of the prior development work done by the Company, and also the continuing commitment of the regulatory agencies involved to support the development of this first-of-kind project in Australia.Some further highlights regarding this revised mine lease grant:The replacement mine lease covers surface land fully owned by EMC Metals,The Company can construct and operate a scandium mine of similar scale to current published plans, within the footprint defined by this new ML,The ongoing status of a landowner objection to the prior mine lease grant no longer hinders the development of the Company’s Nyngan Scandium Project, andThe Company remains in talks with the neighboring landowner, with intent to purchase some or all of the land over which prior objections were lodged.This news release announcing resolution of mine recent lease questions on the Nyngan project, again clearing the project for development, along with the successful conclusion of the recent European exposure roadshow, represents two key positive milestones for both Scandium International, and for SCY shareholders.|
|Scandium’s News Release|
|Add The Follow-Up Conference Call to Your Calendar|
|ABOUT SCANDIUM INTERNATIONAL MINING CORP:|
The Company is focused on developing its Nyngan Scandium Project, located in NSW, Australia,
into the world’s first scandium-only producing mine. The project is 100% owned by the Company,
through our Australian subsidiary, EMC Metals Australia Pty Ltd.
The Company filed a NI 43-101 technical report in May 2016, titled “Feasibility Study – Nyngan
Scandium Project”. That feasibility study delivered an expanded scandium resource, a first
reserve figure, and an estimated 33.1% IRR on the project, supported by extensive metallurgical
test work and an independent, 10-year global marketing outlook for scandium demand.