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Reno, Nevada--(Newsfile Corp. - March 14, 2019) - Scandium international Mining Corp. (TSX: SCY) ("Scandium overseas" or the "company") is pleased to announce it has signed a Letter of Intent ("LOI") with Bronze-Alu community ("BAL"), based mostly in La Couture-Boussey, France. BAL is a privately held company of precision high-power die cast (HPDC) materials, and presents prototyping, machining, finishing and engineering features, employing both aluminum and copper-primarily based alloys. The enterprise exports about 80% of its items to consumers outdoor of France.
The LOI requires the company to contribute aluminium-scandium grasp alloy 2% ("MA"), for mixing and trial-testing of alloys with the aid of BAL, in their commercially obtainable product strains. The verify work will be undertaken at BAL's construction facilities in La Couture-Boussey, at small creation scale. Bronze-Alu intends to report choose consequences of the trying out software utilising their scandium-containing alloys, as does SCY, upon completion of the trying out period.
LOI settlement HIGHLIGHTS:
Bronze-Alu community became at the start established in 1920, outdoor Paris and turned into primary up to now as Bronze Acior. The fashioned manufacturing unit changed into moved to La Couture-Boussey, in northern France, in the 1970's. The company become obtained in 2004 by using Francis Barge, a French industrial entrepreneur with a a hit track record of automotive company building, with a reputation change to Bronze-Alu, reflecting an increasing specialization in high drive die cast aluminum alloys. The company historically serviced French automobile markets, but with a really good aluminum skill, started to sell into global aerospace markets in 2014.
nowadays, the business has 350 employees, and two construction sites; a tremendously automatic site in France and a extra common foundry construction facility in Romania. Bronze-Alu additionally has a full praise of engineering and R&D facilities at La Couture-Boussey, permitting them to offer design and prototyping functions to consumers ahead of manufacturing elements and device add-ons. they have a full foundry and metallurgy checking out capacity as smartly, making them perfect to testing new casting alloys containing scandium. extra may also be learned at the enterprise web page, specifically in regards to solid parts and serviced industries, at class="canvas-atom canvas-text Mb( Mb(0)--sm Mt( type="text" content="<b>George Putnam, CEO of Scandium International Mining Corp. commented:</b>" data-reactid="24">George Putnam, CEO of Scandium overseas Mining Corp. commented:
"The Bronze-Alu group is an excellent accomplice for SCY in our effort to go looking for prime first-class casting applications for scandium, in particular with their commitment to the aerospace and automotive sectors. These traumatic markets set excessive expectations, precisely the place scandium-enhanced alloys can help aid both efficiency and durability in essential functions. We appear forward to helping the Bronze-Alu group, to improve their efforts with scandium-containing products."
Romain Rérolle, CEO of Bronze Alu community commented:
"Bronze-Alu group is focused on setting up and supplying imaginative options to shoppers. The addition of scandium on aluminium alloys is a very good possibility to convey extraordinary client price to future automobile & aerospace wants for lighter and more suitable aluminium castings. during this perspective, SCY is the top-quality partner for Bronze-Alu community for its advantage on scandium properties & advantages, in addition to for the very excessive first-rate of its master-alloys. The mechanical homes of aluminium alloys stronger by scandium are very promising."
ABOUT SCANDIUM international MINING CORP.
The enterprise is focused on constructing its Nyngan Scandium project, found in NSW, Australia, into the world's first scandium-most effective producing mine. The mission owned via our 100% held Australian subsidiary, EMC Metals Australia Pty limited, has acquired all key approvals, together with a mining hire, critical to proceed with venture development.
The business filed a NI forty three-101 technical record in might also 2016, titled "Feasibility study - Nyngan Scandium mission". That feasibility examine delivered an increased scandium useful resource, a first reserve figure, and an estimated IRR on the assignment, supported by using wide metallurgical check work and an independent, 10-12 months international advertising outlook for scandium demand.
Willem Duyvesteyn, MSc, AIME, CIM, a Director and CTO of the company, is a certified adult for the applications of NI forty three-a hundred and one and has reviewed and approved the technical content of this press liberate on behalf of the enterprise.
For inquiries to Scandium overseas Mining Corp, please contact:
Edward Dickinson (CFO)Tel: (775) 233-7328
George Putnam (CEO)Tel: (925) 208-1775
e-mail: information@ class="canvas-atom canvas-text Mb( Mb(0)--sm Mt( type="text" content="<i>This press release contains forward-looking statements about the Company and its business. Forward looking statements are statements that are not historical facts and include, but are not limited to statements regarding any future development of the project. The forward-looking statements in this press release are subject to various risks, uncertainties and other factors that could cause the Company's actual results or achievements to differ materially from those expressed in or implied by forward looking statements. These risks, uncertainties and other factors include, without limitation: risks related to uncertainty in the demand for scandium, the possibility that results of test work will not fulfill expectations, or not realize the perceived market utilization and potential of scandium sources that may be developed for sale by the Company. Forward-looking statements are based on the beliefs, opinions and expectations of the Company's management at the time they are made, and other than as required by applicable securities laws, the Company does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances, should change.</i>" data-reactid="40">This press release incorporates ahead-searching statements about the enterprise and its company. forward searching statements are statements that aren't historic facts and include, however aren't restricted to statements involving any future construction of the challenge. The ahead-looking statements during this press liberate are discipline to a considerable number of hazards, uncertainties and other factors that could trigger the enterprise's exact consequences or achievements to differ materially from these expressed in or implied by forward looking statements. These hazards, uncertainties and different elements consist of, with out issue: hazards regarding uncertainty within the demand for scandium, the possibility that consequences of test work will no longer fulfill expectations, or not realize the perceived market utilization and expertise of scandium sources that could be developed on the market with the aid of the business. forward-looking statements are in line with the beliefs, opinions and expectations of the company's management at the time they're made, and apart from as required via relevant securities laws, the company doesn't assume any responsibility to replace its ahead-looking statements if those beliefs, opinions or expectations, or other instances, should still alternate.
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