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EMC Update Regarding Dispute with Jervois on Nyngan Scandium Project
EMC Update Regarding Dispute with Jervois on Nyngan Scandium Project Reno, Nevada US, March ...
About this update from Scandium International Mining Corp.
[{"type":"text","content":"\nEMC Update Regarding Dispute with Jervois on Nyngan Scandium Project\n\nEMC Update Regarding Dispute with Jervois on Nyngan Scandium Project\nReno, Nevada US, March 23, 2012 /FSC/ - EMC Metals Corp. (EMC - TSX),provides this update following EMC's announcement on February 29, 2012 of EMC's  intention to take all lawful steps to secure its proprietary rights to the 50% joint venture interest in the Nyngan Scandium Project. \nFollowing discussions with Jervois, the parties have agreed to engage in further without prejudice communications in an attempt to resolve the dispute. \nIf at any time it becomes apparent that a resolution satisfactory to both parties will not be reached, EMC will immediately continue formal steps under the dispute resolution provisions of the Exploration and Joint Venture Agreement entered into between EMC and Jervois to have the dispute finally determined. \nIn the meantime, EMC continues to maintain that it has met the conditions under the Agreement to earn EMC's 50% joint venture interest in the Project and, subject to satisfactory agreement, EMC will take all lawful steps to secure its proprietary rights to the 50% joint venture interest.  \nAbout EMC Metals\nIn addition to EMC's 50% earn-in right on the Nyngan Scandium Project in NSW, Australia, EMC also owns a 100% interest in the Springer Tungsten mine in Nevada, USA.  While the Company has offered this asset for sale during 2011, EMC is now working to evaluate a number of re-start options for the mine in 2012.  Strong tungsten prices and tight supply conditions, combined with the refurbished mill and existing tungsten resource on the property, support a strategy to seek a near term re-start of the Springer facility.  EMC also owns a 100% interest in the Carlin Vanadium property near Carlin, Nevada.  Both properties have current NI 43-101 compliant resource estimates, available on the Company website and on SEDAR.  \nThe technical information in this news release has been reviewed by Willem Duyvesteyn, a Qualified Person as defined by National Instrument 43-101. Mr. Duyvesteyn is employed by EMC Metals Corp.\nFor additional information please contact:\nEMC Metals Corp.\nInvestor Relations-Nevada: (775) 355-9500 or [email protected], or\nErin Patterson Boatright, The Windward Age...