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Scandium International Mining Corp. Signs Letter of Intent with Ohm & Haner Metallwerk to Test Scandium Alloys in Casting Applications
Reno, Nevada--(Newsfile Corp. - January 23, 2018) - Scandium International Mining Corp . ( T...
About this update from Scandium International Mining Corp.
[{"type":"text","content":"Scandium International Mining Corp. Signs Letter of Intent with Ohm & Haner Metallwerk to Test Scandium Alloys in Casting ApplicationsReno, Nevada--(Newsfile Corp. - January 23, 2018) - Scandium International Mining Corp. (TSX: SCY) (\"Scandium International\" or the \"Company\") is pleased to announce that it has signed a Letter of Intent (\"LOI\") with Ohm & Häner Metallwerk GmbH & Co. GK (\"O&H\"), based in Olpe, Germany. O&H is a privately held manufacturer of sand cast and gravity die cast parts, using metal alloys, servicing a significant, global customer base.The LOI calls for the Company to contribute aluminium-scandium master alloy 2% (\"MA\"), for mixing and trial-testing of proprietary alloys based on aluminium-copper by O&H. The test work will be undertaken at O&M's production facility in Olpe, and at production scale. O&H intends to report the results of the testing program utilizing their scandium-containing alloys, as does SCY, upon completion of the testing period, which extends a minimum of 6 months.LOI AGREEMENT HIGHLIGHTS:LOI defines MA contributions and sourcing support to O&H programs,O&H commits to mix scandium-containing alloys and cast parts,Casting results are to be shared and understood, possibly publicly disclosed, depending on intellectual property discovery, O&H is a recognized leader in casting technology, servicing a range of customers in industrial, mechanical, and transport industries, andSuccessful test work program forms basis for future use of scandium alloy by O&H.DISCUSSION:Ohm & Häner Metallwerk GmbH & Co. GK is a significant metal parts sand cast and die cast manufacturer in Europe, catering to customers requiring specialized and demanding metal cast parts. The company is privately owned, with over 650 employees, currently serving more than 400 customers. O&H produces over 3,000 individual cast parts, and currently works with over 40 different alloys, primarily aluminum and copper-based alloys, customized to individual process, unique pieces and heavy castings for special applications. The company can offer various finished product upgrade services to meet customer needs, from technical design consultation, to casting simulation, final machining and mechanical processing, to assembly, finish coating services and in...