SCY Signs Letter of Intent with Grainger & Worrall Ltd. to Test Scandium Alloys in Casting Applications
SCY Signs Letter of Intent with Grainger & Worrall Ltd. to
Test Scandium Alloys in Casting Applications
Reno, Nevada--(Newsfile Corp. - April 30, 2018) - Scandium International Mining Corp
.
(
TSX:SCY
)
("Scandium
International" or the "Company"
) is pleased to announce that it has signed a Letter of Intent
("LOI")
with Grainger & Worrall
Ltd.
("
GW
")
,
based in Shropshire, UK. GW is a privately held manufacturer of precision sand cast parts, and engineering
services, using both aluminum and steel alloys, servicing a significant global customer base.
The LOI calls for the Company to contribute aluminium-scandium master alloy 2%
(
"
MA
"
)
, for mixing and trial-testing of
proprietary alloys by GW. The test work will be undertaken at GW's production facilities in Shropshire, first as a limited test-run,
and if successful, later at small production scale. GW intends to report the results of the testing program utilizing their scandium-
containing alloys, as does SCY, upon completion of the testing period, which extends a minimum of 6 months.
LOI AGREEMENT
HIGHLIGHTS:
LOI defines
MA contributions and sourcing support to
GW
programs,
GW
commits to mix
test-scale
scandium-containing alloys and cast parts,
Casting results are to be shared
,
understood, possibly publicly disclosed,
based
on
customer confidentiality
requirements and
intellectual property discovery,
GW
is a recognized leader in
precision sand
cast technology, servicing a range of customers in
performance
automotive and motorsports industries
, and
Successful test work program forms basis for future use of scandium alloy by
GW
.
DISCUSSION:
Grainger & Worrall is a well-recognized precision air-set sand cast parts manufacturer in the UK, specializing in low to
intermediate volume cast parts for commercial automotive, motorsports/racing, defense, marine, and aerospace applications.
A
number of the world's most renowned automotive marques rely on GW for their high-performance drivetrain and structural
castings.
The Company is privately held and in continuous operation for more than 70 years.
GW employs over 700 staff, and
operates machining/casting facilities in Shropshire, machining/casting facilities in Bridgnorth, and specialized casting facilities
(COSCAST-acquired from Cosworth in 2016) in Worcester.
Grainger & Worrall offers significant rapid-prototyping capability, in
addition to production-level parts casting capacities, to customers requiring specialized metal cast parts.
G&W has also
developed an extensive library of alternative aluminum alloys, to service diverse applications and a varied customer register that
are often recognized leaders in their industry segment.
Aluminum-scandium alloys should be specifically suited to high-heat applications, aligning well with GW's specialized focus on
automotive engine and powertrain applications.
George Putnam, CEO of Scandium International Mining Corp. commented:
"We are pleased to include Grainger & Worrall in our group of casting specialist companies testing scandium in their proprietary
alloys.
This group is a widely recognized innovative design and production casting organization, committed to exacting
standards and quality, servicing world-class customers.
We believe GW is an excellent candidate to test scandium in their
applications."
Jack Strong, Research Manager at Grainger & Worrall
commented:
"In today's dynamic, growing precision cast-parts marketplace, customers are increasingly challenging the design and intrinsic
mechanical performance parameters of the components they employ. Lightweighting is the common catch-phrase, and it
requires both engineering and material optimization in order to shed weight and deliver high strength. Grainger & Worrall have
been quite active in materials research for some time, exploring novel and innovative approaches in improving mechanical
properties of our bespoke aluminium alloys. It is therefore of great interest to the company to be able to understand the
opportunities that scandium could offer. Our aim is to carry out feasibility trials to understand/optimise this opportunity, specific to
our process cooling dynamics, but to also recognize practical considerations. We are very grateful to Scandium International for
supporting our trials, and hope that our work together leads to potential improvements to both our process and our products."
QUALIFIED PERSONS AND NI 43-101 TECHNICAL REPORT
Nigel J. Ricketts, BAppSc (Metallurgy), PhD (Chemical Engineering), MAusIMM CP (Metallurgy), holds the position of VP
Projects and Market Development, Australia in the Company, is a qualified person for the purposes of NI 43-101, and has
reviewed and approved the technical content of this press release on behalf of the Company.
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 has received all key approvals, including a mining lease, necessary to proceed with project
construction.
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.
For inquiries to Scandium International Mining Corp, please contact:
Edward Dickinson (CFO)
Tel: (775) 233-7328
George Putnam (CEO)
Tel: (925) 208-1775
Email:
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 any future development of the
project. 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. These risks, uncertainties and other factors include, without limitation
:
risks related to uncertainty in the
demand for
s
candiu
m,
the possibility that results of
test
work will not fulfill expectations
, or
not
realize the perceived
market
utilization and
potential of
scandium
sources
that may be developed for sale by the Company
.
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.