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Scandium International Mining Announces Grant of New Mining Lease at Nyngan Scandium Project
Reno, Nevada--(Newsfile Corp. - October 10, 2025) - Scandium International Mining Corp. (TSXV: S...
About this update from Scandium International Mining Corp.
[{"type":"text","content":"Scandium International Mining Announces Grant of New Mining Lease at Nyngan Scandium ProjectReno, Nevada--(Newsfile Corp. - October 10, 2025) - Scandium International Mining Corp. (TSXV: SCY) (OTC Pink: SCYYF) (\"Scandium International\" or the \"Company\") is pleased to announce that the Department of Primary Industrials and Regional Development - NSW Resources (\"the Department\") has granted a mining license to Scandium International's wholly-owned subsidiary, EMC Metals Australia Pty Ltd (\"EMC\") for its Nyngan Scandium Project in New South Wales. Mining Lease No 1893 (Act 1992) (\"ML 1893\") was granted in satisfaction of Mining Lease Application No 531 (Act 1992) on October 7, bringing an end to an application review process spanning more than nine years.The grant of ML 1893 (Act 1992) represents a major milestone for the Nyngan Scandium Project (\"the Project\") and provides the regulatory certainty required for the Company to advance ongoing dialogues regarding strategic partnerships, offtake contracts, and in due course financing the project and taking the Final Investment Decision (FID).\"This Mining Lease marks the culmination of extensive technical, environmental and regulatory work and we express our appreciation to the Department for its assistance and cooperation during the application review process. It really could not have come at a better time as Western countries and companies are now focusing on the supply of critical metals including scandium.\" said Peter Evensen, Chief Executive Officer. \"With this mining lease now in place on the entire deposit, the Company is well-positioned to progress towards construction and eventual production in line with the Project's design parameters.\" EMC intends to update its Defined Feasibility Study (\"DFS\") in due course to reflect capital and operational efficiencies as well as potential to high-grade and customer requirements.\"The current DFS:is designed as a small surface mining operation, recovering approximately 75,000t of limonite ore from the resource per year, The average limonite scandium head grade to the mill facility over 20 years is 409ppm (before potential high-grading initiatives). The Project development and commissioning schedule includes a one year construction period, and a total 24 month ramp-up period to reach nameplate capacity of 75,000 tons per ...