September 18, 2019: Evergreen, the operating and utility platform for Swiss Growth Forum, is pleased to announce that it is initiating research coverage of Scandium International Mining Corp. It believes that the company looks well positioned to deliver a substantial move forward into how scandium oxide is delivered to what should be a growing customer base. Led by a strong management team, we expect relative ease of extraction – both financially and technically – to complement global demand growth for scandium oxide and associated master alloys, and deliver robust financial returns.
Scandium International Mining Corp. (TSX:SCY) completed another EU roadshow with Swiss Growth Forum in early September in Geneva. George Putnam, CEO of Scandium, presented the Company’s plans to be the first pure mining and extraction play for the specialty metal at a variety of SGF events across the European Union. The Company presented numerous applications and described various programs underway in support of future sales contracts for its planned scandium products.
Scandium looks interesting in the view of investment analyst and consultant into Evergreen Chris Wickham who commented. “I like that it can be seen not so much as a traditional resources stock which plays on exploration and commodity pricing but but as an innovative new product supplier to the expanding aluminum business worldwide. As important, they have the ability to deliver product from a secure, controlled and cost effective source—something missing from the marketplace today.
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.