WELCOME TO SCANDIUM INTERNATIONAL MINING CORP.Scandium International Mining Corp. (SCY) is focused on developing the Nyngan Scandium Project into the world's first primary scandium mine. Located in NSW, approximately 500 kilometers northwest of Sydney, Australia, the project is planned for a 2016 start of construction and production in early 2017. An independent engineering report (PEA) has confirmed the potential technical and projected economic viability of the project. The Company owns a 100% interest in the Nyngan Project, and in two additional scandium exploration properties: the adjacent Honeybugle Scandium property in NSW, and the Tordal Scandium/REE property in southern Norway.
Scandium Supply. There is currently no dedicated mine source for scandium, current supplies are sourced from stockpiles and waste streams from other mineral processing operations. This limited supply has resulted in high prices and small available volumes for the metal.
Scandium Demand. Despite scandium's scarcity, over the past two decades multiple high value commercial uses for the metal have been developed. Of particular interest is the addition of scandium into various aluminum alloys, used today in all manner of products. Relatively small scandium additions into existing aluminum alloys produce stronger, heat and corrosion resistant, weldable aluminum products. The aircraft industry depends today on advanced aluminum alloys, and would incorporate Al-Sc alloys if available. The automotive sector is increasingly incorporating aluminum alloys into its products to achieve weight reductions and better fuel efficiency. Scandium alloys exhibit a number of valuable characteristics that will enable even wider uses for aluminum in both drivetrains and structural components in this sector..
Scandium exhibits very good electrical conductivity and excellent heat stabilization qualities. The single largest current use for scandium today is in solid oxide fuel cells ("SOFCs"), where both of these attributes dramatically improve performance. Incorporation of scandium in SOFCs enables the desired reaction to occur at a lower operating temperature, resulting in higher power densities, dramatically improved unit life-cycles, and lower packaging costs.. Numerous other applications have been identified and are under development, most notably for strength and superior conductivity in high voltage power transmission lines.
We believe that an assured source for scandium, offered at realistic pricing levels, will promote dramatic increases in commercial scandium demand. Our Nyngan Scandium project can meet market expectations in both supply and price, and will be first-to-market to satisfy waiting demand for scandium oxide (scandia) product.