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Scandium International Mining Corp. (SCY.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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0.1750-0.0050 (-2.78%)
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  • E
    10, not 10k, just 10 in volume haha, no trading and forgotten
  • W
    Wealthy Detective YT
    If you like Scandium and you think it's gonna play a valuable role in the next decade this company is probably the best option in the market. They project to be ready for production in 2022, most of the other small caps in the Scandium space are far away from that goal. In addition to that we have a great ownership from Insiders of about 45%, as well as many other plus points, from the jurisdiction where they operate, the boost that Rio Tinto entering this commodity space will give and many others.
  • F
    Your next Runner in Lithium looks to be Azincourt Energy AAZ. Record volume on Thursday and Friday with 44,500,000 shares traded making for a big opening on Tuesday. They should run just like Vision Lithium did couple of days ago.
  • l
    With today's PR, it appears the coast is clear for Scandium to JV the property and maybe in another couple years be making some money.
  • r
    why is this Stock rising
  • A
    A.L(the legendary one)
    Wow 5x volume today?
  • J
    was in at 0.075 for 7k shares. sold early to move profits into shroom sector. now that it's been paying off I bought back in at 0.0285
  • B
    What an opportunity this market correction is . Buying .
  • l
    FWIW - I like the comment about the potential size of the aerospace market for scandium.

    CENTENNIAL, Colo., Oct. 10, 2018 (GLOBE NEWSWIRE) -- NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX: NB; OTCQX: NIOBF; and FSE: BR3) is pleased to announce that it has signed a commercial sales agreement with Traxys North America LLC (“Traxys”) for up to 120 tonnes of scandium trioxide over the first 10 years of operation of NioCorp’s planned Elk Creek Critical Minerals Project (the “Project”) in Nebraska. The contract presupposes the Company securing project financing, obtaining all necessary approvals, and constructing a mine and processing facility at Elk Creek.

    Under the sales agreement, Traxys is obligated to purchase 12 tonnes per year of scandium trioxide for the first 10 years of the Project’s production, subject to satisfaction of certain conditions. That annual amount represents approximately 10 percent of NioCorp’s planned annual production of Scandium. Traxys can purchase more than 12 tonnes per year from NioCorp, and the agreement can be extended beyond the 10-year term, by mutual agreement.

    At 12 tonnes per year, the size of the NioCorp-Traxys sales contract is approximately equivalent to all current global sales of scandium, according to 2018 estimates by the U.S. Geological Survey. Independent estimates of latent demand for scandium, defined as demand that cannot be satisfied because of a lack of supply or a lack of knowledge of available or affordable supply, peg such demand at several hundred tonnes per year in the aerospace sector alone.1

    Mark A. Smith, CEO and Executive Chairman of NioCorp, said: “We are very pleased with the size, term, and potential value of this contract. But a core value component of this agreement lies in the strategic partnership it establishes between NioCorp and Traxys. Traxys is a global leader in a variety of strategic and industrial metals markets, and it has a long track record of success in both serving and growing global markets for strategic materials such as scandium. We look forward to working with the leadership at Traxys to build and grow markets for a variety of scandium materials.”

    Mark Kristoff, CEO of Traxys, said: “Scandium delivers truly remarkable benefits and enhanced performance across a variety of applications, and global demand for scandium clearly has been limited to date by a lack of supply. NioCorp’s Elk Creek Project will change the fundamental calculus of scandium markets substantially, and we see significant growth potential in these markets as a result. Traxys looks forward to working with NioCorp to establish and grow new markets for scandium and to helping our customers leverage the value of this remarkable metal.”

    Traxys will focus its scandium sales and marketing efforts on customers in the aerospace and sporting goods sectors, and it retains the exclusive right to sell NioCorp scandium to those sectors. In return, Traxys has agreed to purchase its entire needs of scandium trioxide, scandium alloys, scandium master alloy and other scandium-based products exclusively from NioCorp, including for scandium sales to other sectors, subject to availability of adequate supplies by NioCorp and other conditions. NioCorp will work with Traxys to promote and market scandium to the aerospace, sporting goods and other industry sectors. NioCorp retains the right to make direct sales of scandium to markets outside of aerospace and sporting goods, as well as direct sales to the U.S. Government.

    With over 20 global offices and $6 billion in average annual revenue, Traxys is a global leader in the sales and marketing of a variety of specialty and industrial metals, including the following: magnesium; zinc; copper; lead; cobalt, chrome, manganese; rare earths; vanadium, titanium; tantalum; silicon carbide; uranium; and ferro alloys such as ferro-chrome, ferro-manganese, ferro-nickel, and ferro-niobium. It is majority owned by The Carlyle Group (NASDAQ: CG), with significant minority interests of other private investors and the Traxys management team.
  • R
    How close are they to actually mining REE? Weeks, Months, or Years?
  • b
    Scadium is going to be utilized in the manufacturing process for new solid state batteries in EV's. SCY produces this element and also has a patent on it's use in SS batteries.
  • l
    This from a friendly competitor:

    The two Nebraska Congressmen wrote a letter recently to the Trump Administration advocating for scandium’s inclusion in the “Critical Materials” list. In their letter, which can be seen here, the Congressman noted the following:

    “Scandium is used in a variety of defense and civil applications including lasers, electronics, and high-performance lighting. When added to aluminum, scandium makes an extraordinarily light and strong alloy for use in bulkheads, heat shields, fuel and exhaust systems, aircraft fuselage and landing gear assemblies, mobile bridges, missiles, and other defense systems. In the commercial sector, scandium alloys are poised to drive major advances in commercial aircraft and surface transportation systems through greater fuel efficiency and reduced emissions. Scandium is also a critical component of Solid Oxide Fuel Cells which provide highly efficient and reliable power generation for DoD, NASA, and companies such as Home Depot, Walmart, Apple, Google, and Verizon,” they wrote.

    “Despite these strategic uses, today our nation is 100% dependent on imported scandium, primarily from China and Russia. We share the concerns of many of our colleagues in Congress who consider this a significant national security vulnerability for the United States. For this reason, the FY2018 National Defense Authorization Act included language that specifically mentions scandium and the need to develop domestic sources of this strategic material. We also note that the European Union added scandium to its 2017 list of Critical Raw Materials, further illustrating its growing importance in global commodity supply chains,” they wrote.
  • l
    I've started buying SCY because I see it as an interesting play in a niche market. It'll take time, like most of 2018, but I'm willing to sit on it and buy more if I think the PPS is an opportunity.

    As always, time will tell.
  • Y
    Yahoo Finance Insights
    SCY.TO reached a 52 Week high at 0.19
  • y
    The train is loading I wouldn’t want to miss this
  • A
    A.L(the legendary one)
    This looks like an interesting buy hoping the market will materialize ,but not too soon.I need more time to increase my position
  • A
    A.L(the legendary one)
    Could be an opportunity to retire early if it comes to fruition.
  • l
    Here's an article about a company that's using a scandium aluminum alloy to fashion exotic motorcycle frames.

    Aerospace giant Airbus Group has unveiled the stunning ‘Light Rider’ electric motorcycle that uses state-of-the-art 3D printing techniques to strip weight.
    Aerospace giant Airbus Group has unveiled the stunning ‘Light Rider’ electric motorcycle that uses state-of-the-art 3D printing techniques to strip weight.
  • A
    A.L(the legendary one)
    What's up with the volume