SCANDIUM INTERNATIONAL MINING CORP.

Scandium International Mining Corp is an exploration-stage mineral exploration and development company. The company focuses on the development of mining projects that facilitate the production and sale of scandium and scandium-based products, specifically scandium oxide and scandium-content products. Scandium oxide is typically utilized in powder form across industrial applications, including high-strength aluminum alloys, solid oxide fuel cells, metal halide lighting, electronics, laser research, and welding wire. Its target market comprises potential commercial offtake partners and manufacturers in sectors requiring specialty metals, notably the aerospace and automotive industries.

The company's primary focus is its flagship Nyngan Scandium Project in New South Wales, Australia, where it holds a 21-year mining lease covering 810 acres (370 hectares) alongside multiple exploration licenses totaling 29.25 square kilometers. It also holds exploration rights across 34.7 square kilometers at the nearby Honeybugle Scandium property in Australia. The firm operates with five employees and maintains its corporate head office in Reno, Nevada, and its registered office in Vancouver, Canada.

Summary of the business section of Scandium International Mining's latest annual report, written by StockData.