SCANDIUM INTERNATIONAL MINING CORP.

SCANDIUM INTERNATIONAL MINING CORP. deregistered its securities, ending its obligation to file reports with the SEC.

listing compliance notice

Scandium International closed the second tranche (C$1,029,850) and upsized its private placement -- from a C$3 million target to C$3,568,023 -- after strong investor demand. Interim CEO Peter Evensen and Chairman William Harris said the raise put the company in its best cash position in years with no debt, positioning it for the growing scandium-aluminum alloy market.

capital raising announcement

After a roughly three-year gap in story-bearing filings, Scandium International closed the first tranche of a new private placement -- C$2,085,250 from 23.17 million units at C$0.09 -- with heavy insider participation: all four board members subscribed (two directly, two through Scandium Investments LLC, which itself put in US$500,000), a related-party transaction cleared under TSXV/MI 61-101 minority-protection rules. The raise was framed as backing a 'renewed focus' on Nyngan amid rising interest in scandium-aluminum alloys.

capital raising announcement

Scandium International closed the share exchange with Scandium Investments LLC, issuing 58,830,645 shares (about a quarter of the company) to take full ownership of Nyngan and Honeybugle. Scandium Investments -- an investment vehicle of the Evensen family -- became the company's largest shareholder, and Peter Evensen and Christian Evensen joined the board.

asset acquisition disposition

Scandium International agreed to buy back Scandium Investments LLC's 20% direct stake in Nyngan/Honeybugle-holding subsidiary EMC Australia, paying with 57.4 million shares (25% of the company) plus an adjustment payment, in exchange for full (100%) corporate ownership of the projects. The deal also gives Scandium Investments the right to nominate two board directors while holding at least 15% of the company (one director at 5-15%) -- converting it from an asset-level JV partner into the company's controlling shareholder with board representation.

material agreement

Scandium International announced positive results from its Definitive Feasibility Study on the now-80%-owned Nyngan Scandium Project, led by Lycopodium -- confirming the project's technical and economic viability and clearing the way toward construction financing.

resource reserve update

Scandium International sold a 0.7% royalty on future Nyngan and Honeybugle mineral sales to Umgeni Holdings International for US$2.07 million cash -- a royalty-based, non-dilutive way to fund the project toward construction, though it permanently encumbers the asset's revenue.

material agreement

Scandium International engaged Lycopodium Minerals to prepare a Definitive Feasibility Study on Nyngan -- the step needed to make the project ready to seek construction financing.

resource reserve update

EMC Metals announced a positive preliminary economic assessment on the Nyngan Scandium Project in Australia -- the first major technical validation of the flagship scandium asset since resolving the Jervois dispute.

resource reserve update

EMC Metals secured a US$2.5 million loan from Scandium Investments LLC, a US private investor group -- the first appearance of the investor that would later become the company's controlling shareholder -- to pay off the remaining Jervois settlement obligations on Nyngan. The loan converts into an effective 20% joint-venture interest in the Nyngan and Honeybugle scandium projects, with Scandium Investments carried until EMC files a feasibility study and obtains a mining license.

debt financing

EMC Metals completed the sale of Springer Mining, Copper King and Carlin Vanadium to Americas Bullion Royalty Corp for $5 million cash -- a related-party transaction (the companies shared a common director) that exited EMC from tungsten and vanadium entirely, leaving Nyngan and Honeybugle scandium as its focus.

asset acquisition disposition

EMC Metals agreed to sell its entire Nevada tungsten/vanadium portfolio -- Springer Mining (mine, mill, resources), Copper King and Carlin Vanadium -- to Americas Bullion Royalty Corp for $5 million cash, using the proceeds to retire a matured $3 million loan secured against Springer -- the start of the company's exit from tungsten/vanadium to focus on scandium.

material agreement

EMC Metals returned the Cosgrave Ranch property -- bought in 2008 for water rights no longer needed at Springer -- to its original owner in exchange for canceling a $3.75 million promissory note, shedding a non-core asset and a large debt at once.

asset acquisition disposition

EMC Metals raised $650,000 via convertible debentures (convertible at $0.05/share) secured against its Wolfram Jack Mining subsidiary and its Tordal and Hogtuva tungsten properties in Norway -- a third project region beyond Nevada and Australia. (A later 2014 filing references a February 2013 negotiated settlement of the Nyngan dispute with Jervois, resolving the 2012 litigation, though that settlement's own filing isn't among this pass's assigned rows.)

capital raising announcement

Jervois escalated the Nyngan dispute, filing suit in the Supreme Court of Victoria, Australia seeking a declaration that the joint venture agreement had terminated; EMC said it would contest the claim.

resource reserve update

EMC Metals' joint-venture partner Jervois Mining rejected the company's feasibility report on the Nyngan Scandium Project and said EMC had not earned its 50% JV interest under their Feb 2010 Exploration Joint Venture Agreement, despite EMC paying the required A$1.43 million and delivering an independent NI 43-101 report on time -- the opening dispute over what would become the company's core scandium asset.

resource reserve update

EMC Metals Corp. (later renamed Scandium International Mining Corp) borrowed $3 million secured against its Springer Mining subsidiary -- $2 million as a convertible debenture (convertible at $0.20/share) and $1 million as a promissory note, plus 3 million warrants to the lender -- a company funding multiple early-stage metal projects (tungsten, scandium) through debt rather than cash flow.

capital raising announcement