![]() | A mining lease was granted by the Minister for Resources of the State of New South Wales to a subsidiary of Scandium International Mining Corp. (TSX:SCY), for the company's Nyngan Scandium Project, located about 500 kilometres northwest of Sydney. SCY.v can move forward with building the mine. Environmental consent was given in November 2016. | ![]() |
![]() | Scandium is a soft, silvery metallic element. The element is not commonly found in concentrations over 100 parts per million, hence there are no scandium-only mines. Scandium International says it is estimated that only 15 tonnes of scandium are produced globally every year. Prices range from $3500 to $5000 per kilogram depending on the quality. | ![]() |