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Scandium International Signs Letter of Intent with Bronze-Alu Group to Test Scandium Alloys in Casting Applications
Reno, Nevada--(Newsfile Corp. - March 14, 2019) - Scandium International Mining Corp . ( TSX...
About this update from Scandium International Mining Corp.
[{"type":"text","content":"Scandium International Signs Letter of Intent with Bronze-Alu Group to Test Scandium Alloys in Casting ApplicationsReno, Nevada--(Newsfile Corp. - March 14, 2019) - Scandium International Mining Corp. (TSX: SCY) (\"Scandium International\" or the \"Company\") is pleased to announce it has signed a Letter of Intent (\"LOI\") with Bronze-Alu Group (\"BAL\"), based in La Couture-Boussey, France. BAL is a privately held manufacturer of precision high-pressure die cast (HPDC) parts, and offers prototyping, machining, finishing and engineering services, employing both aluminum and copper-based alloys. The company exports approximately 80% of its products to customers outside of France.The LOI calls for the Company to contribute aluminium-scandium master alloy 2% (\"MA\"), for mixing and trial-testing of alloys by BAL, in their commercially available product lines. The test work will be undertaken at BAL's production facilities in La Couture-Boussey, at small production scale. Bronze-Alu intends to report select results of the testing program utilizing their scandium-containing alloys, as does SCY, upon completion of the testing period.LOI AGREEMENT HIGHLIGHTS:LOI defines MA contributions and sourcing support to Bronze-Alu programs.BAL commits to mix scandium-containing alloys and cast currently available parts.Casting results are to be shared, understood, possibly publicly disclosed, recognizing any intellectual property discovery or requested secrecy. BAL is a recognized leader in HPDC technologies, with highly automated systems servicing customers in the EU and globally.BAL sells into aerospace and automotive/transport applications, andSuccessful testing forms a basis for future use of scandium-containing alloys.DISCUSSIONBronze-Alu Group was originally founded in 1920, outside Paris and was known previously as Bronze Acior. The original factory was moved to La Couture-Boussey, in northern France, in the 1970's. The company was acquired in 2004 by Francis Barge, a French industrial entrepreneur with a successful track record of automotive business development, with a name change to Bronze-Alu, reflecting an increasing specialization in high pressure die cast aluminum alloys. The company traditionally serviced French automotive markets, but with a specialized aluminum capability, began to sell into global aerospace markets in 2014. T...