Scandium International Mining
Mineral exploration and development company focused on the Nyngan Scandium Project in Australia, targeting scandium supply for aluminum-scandium alloys used in aerospace and additive manufacturing applications.
- CEO / Founder
- Peter B. Evensen
- Team Size
- 1-10
- Stage
- Early Stage
- Total Funding
- $459K
- Latest Round
- IPO
- Key Investors
- Scandium Investments LLC
Technology & Products
Key Products
Scandium oxide; Aluminum-scandium master alloy
Technological Advantage
The company's advantage lies in its ownership of a primary scandium resource, which is rare as most scandium is produced as a by-product. This positions it as a potential strategic supplier for the growing Al-Sc alloy market in AM, though the advantage is resource-based rather than technology-based and is replicable by other mining developers.
Differentiation
Value Proposition
Provides a primary source of scandium oxide and aluminum-scandium master alloy, enabling lightweight, high-strength alloys for aerospace and 3D printing applications, reducing reliance on by-product scandium supply.
How They Differentiate
Unlike competitors that produce scandium as a by-product, Scandium International is developing a primary scandium mine, offering a more reliable and dedicated supply source for the AM and aerospace industries.
Market & Competition
Target Customers
Aerospace manufacturers, additive manufacturing alloy producers, and industrial users of aluminum-scandium alloys
Industry Verticals
Aerospace; Additive Manufacturing; Industrial
Competitors
Rio Tinto; RUSAL; Sunrise Energy Metals; Clean TeQ Holdings
Growth & Milestones
Growth Metrics
No direct revenue or growth figures found. One source notes a market capitalization of approximately C$52 million. Recent milestones include initiation of an update to the Definitive Feasibility Study at the Nyngan Scandium Project and the grant of a new mining lease at the Nyngan project.
Major Milestones
Granted Mining Lease No. 1893 for Nyngan Scandium Project; Completed Definitive Feasibility Study (2016); Initiated DFS update and pilot-scale autoclave tests; Signed LOIs with AML Technologies, Gränges AB, and Impression Technologies
Funding rounds
- Venture Round$2.5MSource: Company PR
- Venture Round$2.1MSource: Company PR
- Strategic InvestmentCAD 3MLead: Scandium Investments LLC · Source: Web (converted at 0.75 USD/CAD)