Business
Scandium International Receives Notice of Mine Lease Review
Reno, Nevada--(Newsfile Corp. - January 2, 2019) - Scandium International Mining Corp . ...
About this update from Scandium International Mining Corp.
[{"type":"text","content":"Scandium International Receives Notice of Mine Lease ReviewReno, Nevada--(Newsfile Corp. - January 2, 2019) - Scandium International Mining Corp. (TSX: SCY) (\"Scandium International\" or the \"Company\") has received notification that the New South Wales Department of Planning and Environment is reviewing the granting of Mine Lease 1763 (\"ML\") to the Company's Australian subsidiary, EMC Metals Australia Pty. Ltd., related to the Nyngan Scandium Project. The Company received the final signed ML grant in October 2017. The Company does not expect the outcome of this ML review to affect its ability to bring the Nyngan Scandium Project into production.This current formal review is in response to an objection by a landowner who holds freehold surface ownership over a portion of the total 874 hectare mine lease area. The landowner objection claims the property is \"Agricultural Land\", with meaning as defined in the relevant law. The landowner filed a formal objection with the Department in mid 2016. That formal objection notice was improperly handled, and was only physically located and verified as compliant in mid 2018. The landowner made the Department aware of the existence of an unrecorded objection in mid 2017, and the Company was subsequently advised that the objection was investigated by the Department directly with the landowner prior to final award of the signed ML grant in late 2017.The NSW Department of Planning and Environment has recently sought and received independent input that the landowner objection should qualify as \"Agricultural Land\", as defined in the relevant law. The Company has rights of comment, rebuttal and appeal on that finding, which it fully intends to make to the Department. With receipt and consideration of appeal documents, from the parties, and further Department input, the Department Secretary will make a new determination on the validity of the affected portion of the ML.If the Department Secretary's decision upholds the landowner objection, the Company believes that outcome will not delay or prevent the development of the Nyngan Scandium Project, for the following reasons: The Company currently owns the majority (75%) of the operational surface rights on the project (180 hectares), including the planned industrial area and the area related to the west pit. The objecting landowner owns surface...