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Scandium International Signs Letter of Intent with Austal Ltd.
Reno, Nevada--(Newsfile Corp. - November 20, 2018) - Scandium International Mining Corp . ...
About this update from Scandium International Mining Corp.
[{"type":"text","content":"Scandium International Signs Letter of Intent with Austal Ltd.Reno, Nevada--(Newsfile Corp. - November 20, 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 Austal Ltd. (\"Austal\"), to test scandium-containing aluminum alloys in marine applications. Austal is an Australian-based global shipbuilding company that specializes in the design, construction and support of both defense and commercial vessels. Austal is the world's largest aluminum shipbuilder and Australia's largest defense exporter.The LOI calls for the Company to contribute various aluminum alloy samples containing scandium, for testing by Austal and potentially other third-party testing groups, to determine suitability in marine and defense applications. The Company intends to publicly report a summary of the results at the conclusion of the program. LOI AGREEMENT HIGHLIGHTS:LOI defines specific alloy sample contributions by the Company to Austal,Austal will test various properties on the samples, to determine suitability for marine use, in both commercial and military applications,Testing results are to be shared, understood, possibly publicly disclosed, recognizing any intellectual property discovery, Austal is a leading global supplier of large high-speed marine vessels, typically with both hull and superstructure fabricated from aluminum, andSuccessful testing results potentially form a basis of marine certification and use of Al-Sc alloys in various marine applications, leading to stronger and lighter vessels.DISCUSSION:Austal Ltd. Is an Australian public corporation, listed on the Australian Stock Exchange (ASX: ASB), headquartered in Henderson, Western Australia, (Australia). The company has over 5,200 employees, and shipbuilding facilities in Perth, Australia, Mobile, Alabama (USA), Vung Tau, Vietnam and Balamban, Cebu (Philippines). The company maintains a focus on research and development of emerging maritime technologies and cutting-edge ship designs, and is today a recognized world leader in the design and construction of large aluminum commercial and defense vessels, In over thirty years of operation, Austal has constructed over 300 vessels for 100 operators in 54 countries around the world. Austal's extensive product range in...