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SCY Signs Letter of Intent with Grainger & Worrall Ltd. to Test Scandium Alloys in Casting Applications
Reno, Nevada--(Newsfile Corp. - April 30, 2018) - Scandium International Mining Corp . ( TSX...
About this update from Scandium International Mining Corp.
[{"type":"text","content":"SCY Signs Letter of Intent with Grainger & Worrall Ltd. to Test Scandium Alloys in Casting ApplicationsReno, Nevada--(Newsfile Corp. - April 30, 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 Grainger & Worrall Ltd. (\"GW\"), based in Shropshire, UK. GW is a privately held manufacturer of precision sand cast parts, and engineering services, using both aluminum and steel 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 by GW. The test work will be undertaken at GW's production facilities in Shropshire, first as a limited test-run, and if successful, later at small production scale. GW 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 GW programs,GW commits to mix test-scale scandium-containing alloys and cast parts,Casting results are to be shared, understood, possibly publicly disclosed, based on customer confidentiality requirements and intellectual property discovery, GW is a recognized leader in precision sand cast technology, servicing a range of customers in performance automotive and motorsports industries, andSuccessful test work program forms basis for future use of scandium alloy by GW.DISCUSSION:Grainger & Worrall is a well-recognized precision air-set sand cast parts manufacturer in the UK, specializing in low to intermediate volume cast parts for commercial automotive, motorsports/racing, defense, marine, and aerospace applications. A number of the world's most renowned automotive marques rely on GW for their high-performance drivetrain and structural castings. The Company is privately held and in continuous operation for more than 70 years. GW employs over 700 staff, and operates machining/casting facilities in Shropshire, machining/casting facilities in Bridgnorth, and specialized casting facilities (COSCAST-acquired from Cosworth in 2016) in Worcester. Grainger & Worrall offers significant rapid-prototyping capability, in a...