false 0001408146 0001408146 2023-08-08 2023-08-08
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): August 8, 2023
 
SCANDIUM INTERNATIONAL MINING CORP.
(Exact name of registrant as specified in its charter)
 
000-54416
(Commission File Number)
 
British Columbia, Canada 
State or other jurisdiction
of incorporation or organization)
98-1009717
(IRS Employer
 Identification No.)
 
1390 Ione Pass Trail, Reno, Nevada, 89523
(Address of principal executive offices) (Zip Code)
 
(775) 355-9500
Issuer’s telephone number
 
N/A
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act: None
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
 
 
Item 7.01
Regulation FD Disclosure.
 
On August 8, 2023, Scandium International Mining Corp. issued a press release entitled “Scandium International Mining Reports Results From Drilling Program at Nyngan Scandium Project”.
 
A copy of the press release is attached to this report as Exhibit 99.1 and incorporated herein by reference.
 
In accordance with General Instruction B.2 of Form 8-K, the information in this report, including the exhibit attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
 
Item 9.01
Financial Statements and Exhibits.
 
The following Exhibit relating to Item 7.01 is intended to be furnished to, not filed with, the SEC pursuant to Regulation FD.
 
99.1
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
     
Scandium International Mining Corp.
Date:
 August 8, 2023  
(Registrant)
       
     
sig.jpg
     
Harry de Jonge, Comptroller
 
 

Exhibit 99.1

 

logo.jpg

 

NEWS RELEASE

TSX: SCY

August 8, 2023

NR 23-03

www.scandiummining.com

 

SCANDIUM INTERNATIONAL MINING REPORTS RESULTS FROM DRILLING PROGRAM AT NYNGAN SCANDIUM PROJECT

 

 

Reno, Nevada, August 8, 2023 – Scandium International Mining Corp. (TSX:SCY) (“Scandium International” or the “Company”) is pleased to announce the results of its recently completed air core drilling campaign at its Nyngan Scandium Project in New South Wales (NSW), Australia. The program consisted of 11 drillholes designed to delineate the western and northwestern edges of the already established mineral resource at the project.

 

Peter Evensen, CEO of Scandium International commented, “The 2023 drilling program is now complete. At the Honeybugle Exploration license, we found a near surface scandium enriched laterite formation at the Woodlong prospect which was the subject of a previous news release; at Nyngan the drilling results have better defined the western boundary of the existing resource and reserve that are the foundation of the 2016 Feasibility Study and are therefore adding to our knowledge of how to optimize development of the project when it goes into production. I would remind investors that the Nyngan Scandium Project has a mineral reserve of 1.43 million tonnes at 409 ppm scandium entirely in the limonite mineral lithology as part of a broader mineral resource of 16.9 million tonnes at 235 ppm scandium that also includes additional limonite along with saprolite mineralization.”

 

Peter continued, “The Company’s core focus remains unchanged from the strategic decision taken in the 2nd quarter of 2022 to pivot back to the portfolio of scandium assets – to maximize the value of this portfolio and be prepared for when the scandium market has developed sufficiently to require this material. We continue to engage with partners and customers to secure arrangements that will allow the Nyngan Project to move into production.”

 

 
 

 

Nyngan Scandium Project – Scandium grades of Limonite Lithology
 
a01.jpg

 

Nyngan Scandium Project – Limonite Lithology Thickness
 
a02.jpg

 

 
 

 

Nyngan Scandium Project – Overburden Thickness to Limonite Lithology

 

a03.jpg

 

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) 335-9500

 

Harry de Jonge (Comptroller)
Tel: (702) 703-0178

 

Email: ir@scandiummining.com

 

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.

 

 
v3.23.2
Document And Entity Information
Aug. 08, 2023
Document Information [Line Items]  
Entity, Registrant Name SCANDIUM INTERNATIONAL MINING CORP.
Document, Type 8-K
Document, Period End Date Aug. 08, 2023
Entity, File Number 000-54416
Entity, Incorporation, State or Country Code A1
Entity, Tax Identification Number 98-1009717
Entity, Address, Address Line One 1390 Ione Pass Trail
Entity, Address, City or Town Reno
Entity, Address, State or Province NV
Entity, Address, Postal Zip Code 89523
City Area Code 775
Local Phone Number 355-9500
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity, Emerging Growth Company false
Amendment Flag false
Entity, Central Index Key 0001408146
Scandium International M... (PK) (USOTC:SCYYF)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Scandium International M... (PK) Charts.
Scandium International M... (PK) (USOTC:SCYYF)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Scandium International M... (PK) Charts.