Business
EMC METALS COMPLETES $1.5 MILLION PRIVATE PLACEMENT
EMC METALS COMPLETES $1.5 MILLION PRIVATE PLACEMENT
About this update from Scandium International Mining Corp.
[{"type":"text","content":"\n\n\n\n Nov. 25, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n\nTSX: EMC\nwww.emcmetals.com\n\nVANCOUVER, Nov. 25 /CNW/ - EMC Metals Corp. (the "Company") (TSX: EMC) is pleased to announce that it has closed a private placement of 7,894,737 common shares at $0.19 per share for proceeds of $1,500,000.\nThe proceeds from this financing will be used for metallurgical test work on the Nyngan Scandium Project Joint Venture in New South Wales (NSW), Australia, and for general working capital.\n\n\n >\n\nEMC Metals is focused on application of its in-house and patented mineral recovery technologies to deliver value in specialty metal and rare earth projects. EMC's high priority development opportunity is the Nyngan Scandium Joint Venture with Jervois Mining Ltd. of Melbourne, Australia. The Company released results of its first National Instrument ("NI") 43-101 resource estimate for the Nyngan Scandium Project in March 2010, announcing a measured and indicated resource of 12 million tonnes, grading 261ppm Sc, based on a cut-off grade of 100ppm Sc (NI43-101 Technical Report on Nyngan Scandium, Jervois Mining Limited, Nyngan, New South Wales, Australia, March 25, 2010). The Company is currently doing metallurgical test-work on the Nyngan resource material, to define and refine flow sheet studies, recovery estimates and capital cost estimates for the project.\nEMC a...