Scandium International Mining Announces Commencement of Physical Development of Its Nyngan Scandium Project
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NEWS RELEASE
TSX: SCY
November 9, 2023
NR 23-04
www.scandiummining.com
SCANDIUM INTERNATIONAL MINING ANNOUNCES
COMMENCEMENT OF PHYSICAL DEVELOPMENT
OF ITS NYNGAN SCANDIUM PROJECT
Reno, Nevada, November 9 , 2023 – Scandium International Mining Corp. (TSX:SCY )
(“Scandium International” or the “Company”) today announced that its 100% owned subsidiary,
EMC Metal s 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.
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The development of the site presents an opportunity for N ew 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.
For inquiries to Scandium International Mining Corp, please contact:
Peter Evensen (CEO)
Tel: (775) 355-9500
Harry de Jonge (Comptroller)
Tel: (702) 703-0178
Email: [email protected]
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.