SCANDIUM INTERNATIONAL MINING ANNOUNCES COMMENCEMENT OF PHYSICAL DEVELOPMENT OF ITS NYNGAN SCANDIUM PROJECT
09 Novembro 2023 - 9:45AM
Scandium International Mining Corp. (TSX:SCY) (“Scandium
International” or the “Company”) today announced that its 100%
owned subsidiary, EMC Metals Australia Pty Ltd (“EMC”), commenced
physical development of the Nyngan Scandium Project following the
results of the 2023 Nyngan drilling program. The project is located
17.5 kilometres south-southwest of the township of Nyngan in
western New South Wales.
The actions include:
• Survey conducted of the site to establish and
peg the boundaries for proposed work in accordance with State
Significant Development 5157 (“SSD 5157”).
• Soil management works including the
establishment of water exclusion embankments and the stripping of
topsoil, with subsequent stockpiling.
• Construction and placement of temporary office
quarters at the site for future site development activities.
“We are pleased to announce this next step in
our Nyngan Scandium project – the physical development of the
site.” commented Peter Evensen, Chief Executive Offer of the
Company. “In tandem, we are also continuing our work on
commercial offtake contracts for Scandium and note the increased
commercial interest in scandium oxide and scandium aluminum alloys
by potential customers.”
These actions signify a critical step in the
timeline of work on the Nyngan Scandium Project, as EMC breaks
ground at the site, marking the physical commencement of activities
under SSD 5157.
The Nyngan Scandium Project is positioned to
become the world’s first scandium-only mining project, a high-value
metal with a growing market demand. Scandium is listed as a
critical metal by the Australian, Canadian and United States
governments.
The development of the site presents an
opportunity for New South Wales to become a world leader for
investment in sustainable mining of critical minerals.
Further updates as to the Project’s advancement will be provided
in due course.
Qualified Person Statement
Mr. John Thompson, BE, FAusIMM and Vice
President – Project Development, and a “Qualified Person” as
defined in NI 43-101, has verified the data, by checking assay data
against assay lab certificates, and has approved the technical
information in this news release.
This press release contains forward-looking
statements about the Company and its business. Forward looking
statements are statements that are not historical facts and include
but are not limited to statements regarding the Offering, the use
of proceeds, and closing of the final tranche of the Offering. The
forward-looking statements in this press release are subject to
various risks, uncertainties and other factors that could cause the
Company's actual results or achievements to differ materially from
those expressed in or implied by forward looking statements.
Forward-looking statements are based on the beliefs, opinions and
expectations of the Company's management at the time they are made,
and other than as required by applicable securities laws, the
Company does not assume any obligation to update its
forward-looking statements if those beliefs, opinions or
expectations, or other circumstances, should change.
Peter Evensen (CEO)
Tel: (775) 355-9500
Harry de Jonge (Comptroller)
Tel: (702) 703-0178
Email: ir@scandiummining.com
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