false 0001408146 0001408146 2023-11-09 2023-11-09
 
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): November 9, 2023
 
SCANDIUM INTERNATIONAL MINING CORP.
(Exact name of registrant as specified in its charter)
 
000-54416
(Commission File Number)
 
British Columbia, Canada          98-1009717
(State or other jurisdiction          (IRS Employer
of incorporation or organization)          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 November 9, 2023, Scandium International Mining Corp. issued a press release entitled “Scandium International Mining Announces Commencement of Physical Development of Its 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:
 November 9, 2023
(Registrant)
   
 
   
s02.jpg
    Harry de Jonge, Comptroller
 
 

Exhibit 99.1

 

si01.jpg

 

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 Metals 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.

 

 
 

 

The development of the site presents an opportunity for New 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: 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.

 

 

 
v3.23.3
Document And Entity Information
Nov. 09, 2023
Document Information [Line Items]  
Entity, Registrant Name SCANDIUM INTERNATIONAL MINING CORP.
Document, Type 8-K
Document, Period End Date Nov. 09, 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
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