0.08
-5.88%
Close of 9 Nov 2026, in CAD
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About Scandium International Mining
Its shares trade on TSX Venture under the ticker SCY.V. It has been listed since 24 April 2008.
Scandium International Mining Corp. focuses on the development of scandium mineral resources, and scandium end-use markets. The company is headquartered in Sparks, Nevada. The company went IPO on 2008-04-24. The firm is focused on the development of scandium, rare earth minerals, and other specialty metals, including nickel, cobalt, boron, manganese, tantalum, titanium and zirconium. Its segments include Norway, Australia and the United States. Its principal project is the Nyngan Scandium Project located in New South Wales, Australia. The firm also holds an exploration license referred to as the Honeybugle Scandium property, which is a prospective scandium exploration property located over 20 kilometers from the Nyngan Scandium Project. The company also owns of the Tordal Scandium/REE property exploration licenses located in Norway. The Nyngan Scandium Project site is located approximately 450 kilometers northwest of Sydney. The 90-square kilometer Tordal exploration property is prospective for a grouping of specialty metals and rare earth elements.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Materials
- Industry
- Metals & Mining
- Listed since
- 24 Apr 2008
- Employees
- 5
- Website
- scandiummining.com ↗
Leadership
Pay as last reported
- Mr. William HarrisIndependent Chairman of the Board
- Mr. Peter EvensenPresident, Chief Executive Officer, Director, since 2017$95,211
- Mr. R. Christian EvensenChief Financial Officer, Director, since 2017$71,408
- Mr. John ThompsonVice President, General Manager, Australia$86,982
- Mr. James RothwellIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Scandium International Mining Corp has several strengths that contribute to its competitive advantage in the mining industry. One of its key strengths is its strong portfolio of scandium resources, which positions the company as a leader in the market. Additionally, the company has established strategic partnerships with key industry players, enabling it to leverage their expertise and resources. This enhances its ability to develop and commercialize scandium products effectively.
- Another strength of Scandium International Mining Corp is its focus on research and development. The company invests in innovative technologies and processes to improve the efficiency and cost-effectiveness of its mining operations. This commitment to innovation gives the company a competitive edge by allowing it to stay at the forefront of advancements in the industry.
Weaknesses
- Despite its strengths, Scandium International Mining Corp also faces certain weaknesses that need to be addressed. One of the weaknesses is its dependence on the global economic conditions and market demand for scandium. Any downturn in the economy or decrease in demand could negatively impact the company's financial performance. Additionally, the company may face challenges in scaling up its production to meet growing demand, which can impede its ability to capture market share effectively.
- Another weakness is the company's reliance on a limited number of suppliers for key inputs and materials required in the mining process. Any disruptions in the supply chain can significantly affect production and increase costs. To mitigate this weakness, Scandium International Mining Corp needs to actively seek alternative suppliers and establish resilient supply chain networks.
Opportunities
- Scandium International Mining Corp can capitalize on several opportunities to drive growth and expand its market presence. The increasing demand for lightweight materials in industries such as aerospace and automotive presents a significant opportunity for the company. Scandium's unique properties make it an ideal material for creating lightweight alloys, and the company can leverage this demand to secure long-term contracts with major manufacturers.
- Additionally, as the global focus on sustainability intensifies, there is a growing need for environmentally friendly materials. Scandium International Mining Corp can position itself as a sustainable mining company by adopting responsible mining practices and promoting scandium as a green alternative to traditional materials. This can attract environmentally conscious customers and investors, providing the company with a competitive advantage.
Threats
- Scandium International Mining Corp faces several threats that could impact its operations and profitability. One of the major threats is competition from other mining companies in the scandium market. As the demand for scandium continues to grow, new players may enter the market, intensifying competition and potentially driving down prices. The company needs to continuously innovate and differentiate itself to maintain a competitive edge.
- Another threat is the regulatory environment in the countries where the company operates. Changes in regulations pertaining to mining activities, environmental standards, or export restrictions can significantly impact the company's operations and cost structure. Scandium International Mining Corp needs to closely monitor and adapt to any regulatory changes to mitigate these threats effectively.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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