Scandium International Mining Stock

Scandium International Mining Corp. operates as a mineral exploration and development company.

The company's most advanced project is the Nyngan Scandium Project, located in New South Wales, Australia (the 'Nyngan Scandium Project'), on which it holds a mine lease grant and a development consent, and 100% of the mineral rights. The company also holds an exploration license on a scandium mineral property located near Nyngan known as the 'Honeybugle Scandium property' and a reservation on an exploration license on a scandium mineral property in Finland, known as the 'Kiviniemi Scandium property'.

The company also holds exploration licenses on two separate scandium-prospective properties: an exploration license on the Honeybugle Scandium property, located 24 kilometers from the Nyngan Scandium Project, granted in 2014; and an exploration license on the Kiviniemi Scandium Property a scandium-prospective property in central Finland, granted in 2018.

Strategy

The company's corporate focus is on the development of projects that enable the production and sale of scandium and scandium-based products.

Mineral Projects

Nyngan Scandium Project

The Nyngan Scandium Project site is located approximately 450 kilometres northwest of Sydney, NSW, Australia and approximately 20 kilometres due west from the town of Nyngan, a rural town.

The company's Australian subsidiary holds legal title to specific surface and mineral exploration rights on the Nyngan Scandium Project. The exploration licenses cover 29.25 square kilometers (2,925 hectares). The project surface rights (freehold) total 810 acres (370 hectares) on the portion of the exploration license area corresponding to the Mine Lease 1792 area.

On May 30, 2017, the company announced that its subsidiary EMC Metals Australia Pty. Ltd. signed an Engineering, Procurement and Construction Management (EPCM) contract with Lycopodium Minerals Pty Ltd (Lycopodium), to build the Nyngan Scandium Project in New South Wales, Australia. The EPCM contract also provides for start-up and commissioning services.

The company is in the process of obtaining sales agreements for scandium products produced from its Nyngan Scandium Project. The company's focus is on the use of scandium as an alloying ingredient in aluminum-based products. The specific scandium product forms it intends to sell from the Nyngan project include both scandium oxide (Sc2O3) and aluminum-scandium master alloys (Al-Sc 2%).

On September 24, 2020, the company announced the filing of a provisional patent application with the U.S. Patent Office seeking patent rights on various applications of scandium in lithium-ion batteries.

Honeybugle Scandium Property

On April 2, 2014, the company announced that it had secured a 100% interest in an exploration license (EL 7977) covering 34.7 square kilometers in New South Wales (NSW), Australia referred to as the Honeybugle Scandium property. The license area is located approximately 24 kilometers west-southwest from SCY's Nyngan Scandium Project. The license area covers part of the Honeybugle geologic complex.

Kiviniemi Scandium Property (Eastern Finland Province, Finland)

On September 25, 2017, the company announced that its wholly owned subsidiary company, Scandium International Mining Corp., Norway AS, was granted a reservation on an Exploration License for the Kiviniemi Scandium property in central Finland from the Finnish regulatory body governing mineral exploration and mining in Finland. The exploration license was subsequently granted during August 2018, and the company's exploration rights have been moved to SCY Exploration Finland Oy, a wholly owned Finnish subsidiary.

The Kiviniemi property is located in the municipality of Rautalampi, Eastern Finland Province, approximately 350km northeast of Helsinki, by road. The exploration target is located on a small portion of a family farm, partially cleared for farming.

Patent Filings

The company is in the process of establishing a significant portfolio of intellectual property through the filing of scandium related patents both in the U.S. and abroad.

On 10/12/2021, the company was granted a patent for the recovery of scandium from nickel laterite ores.

As of December 31, 2022, nine U.S. patents had been granted to the company, including 11,142,809 Systems and Processes for Recovering Scandium Values from Laterite Ores; 10,988,830 Scandium Master Alloy Production; 10,988,828: Extraction of Scandium Values from Copper Leach Solutions; 10,450,634 Scandium-Containing Master Alloys and Method for Making The Same; 10,378,085 Recovery Of Scandium Values Through Selective Precipitation of Hematite and Basic Iron Sulfates from Acid Leachates; 10,260,127 Method For Recovering Scandium Values from Leach Solutions; 9,982,326 Solvent Extraction of Scandium from Leach Solutions; 9,982,325 Systems And Methodologies for Direct Acid Leaching of Scandium-Bearing Ores; and 8,372,367 System and Method for Recovering Boron Values from Plant Tailings.

A list of thirteen U.S. patents that have been filed, but have not been granted yet includes US20210371294-A1 Process for the Preparation of High Purity Alumina; US202163038873 Recovery of Critical Metals from SX-EW Copper Raffinate and Other Solutions Derived from Leaching Ores with Sulfuric Acid; US20210347651: Counter Current Process for Recovering High Purity Copper Sulfate Values from Low Grade Ores; US20200001407 Control Of Recrystallization In Cold-Rolled AlMn(Mg)ScZr Sheets For Brazing Applications; US20210172041 Byproduct Scandium Recovery from Low Grade Primary Metal Oxide Ores; US20190218645 Direct Scandium Alloying; US20120305452 Dry, Stackable Tailings and Methods for Producing the Same; US20110298270 In Situ Ore Leaching Using Freeze Barriers; US2012005585l Low Carbon Dioxide Footprint for Coal Liquefaction; US20120204680 System and Method for Recovery of Nickel Values from Nickel-Containing Ores; US20120207656: System and Method for Recovery of Scandium Values from Scandium-Containing Ores; and Provisional (2).

Patent Applications

These patent applications, filed with the US Patent Office, protect the company's position and rights to the intellectual property (IP) contained and identified in the applications as of the date filed, within the worldwide jurisdiction limits of the US patent system.

The company intends to utilize the IP contained in these process patents in the development of process flowsheets for recovery of scandium from its Nyngan Scandium Project, as well as its Honeybugle project and future by-product opportunities from leach solutions and/or waste products.

History

The company was founded in 2006. It was incorporated in 2006 under the laws of British Columbia, Canada. The company was formerly known as Golden Predator Mines Inc. and changed its name to EMC Metals Corp. in 2009. Further, the company changed its name to Scandium International Mining Corp. in 2014.