Scandium International Mining Announces Grant of New Mining Lease at Nyngan Scandium Project
Scandium International Mining (OTC: SCYYF) announced that New South Wales granted Mining Lease No 1893 for the Nyngan Scandium Project on October 7, 2025, ending a >9-year application review.
The lease runs for an initial 21 years (until October 2046) and supersedes underlapping ML 1792, enabling development across the full mine footprint. The project DFS models a 75,000 tpa limonite throughput, average head grade 409 ppm Sc, ~38,500 kg Sc2O3/year product, one-year construction and a 24-month ramp-up to nameplate, with a 20-year mine life using <20% of the resource.
Scandium International Mining (OTC: SCYYF) ha annunciato che New South Wales ha concesso Mining Lease No 1893 per il Nyngan Scandium Project il 7 ottobre 2025, ponendo fine a una revisione della domanda durata oltre 9 anni.
La concessione ha validità iniziale di 21 anni (fino a ottobre 2046) e sostituisce ML 1792 sovrapponendosi, consentendo lo sviluppo sull'intera impronta della miniera. Il DFS del progetto prevede una capacità di 75.000 tpa di limonite, grado medio in testa di 409 ppm Sc, circa 38.500 kg Sc2O3/anno di prodotto, con un anno di costruzione e una fase di avvio di 24 mesi fino alla potenza nominale, con una vita della miniera di 20 anni utilizzando <20% della risorsa.
Scandium International Mining (OTC: SCYYF) anunció que Nueva Gales del Sur concedió Mining Lease No 1893 para el Nyngan Scandium Project el 7 de octubre de 2025, poniendo fin a una revisión de la solicitud de más de 9 años.
El arrendamiento tiene vigencia inicial de 21 años (hasta octubre de 2046) y sustituye al ML 1792 superponiéndose, permitiendo el desarrollo en toda la huella de la mina. El modelo DFS del proyecto estima una capacidad de 75,000 tpa de limonita, una ley de cabeza media de 409 ppm Sc, aproximadamente 38,500 kg Sc2O3/año de producto, con un año de construcción y una rampa de 24 meses hasta la capacidad nominal, con una vida de la mina de 20 años usando <20% de la reserva.
Scandium International Mining (OTC: SCYYF)는 2025년 10월 7일 뉴사우스웨일스주가 Nyngan Scandium 프로젝트에 대해 Mining Lease No 1893를 부여했다고 발표했으며, 9년이 넘는 신청 심사를 종료했습니다.
임대 기간은 초기 21년(2046년 10월까지)이며 ML 1792와 중첩을 제거하고 전체 광산 면적에서 개발이 가능하도록 합니다. 프로젝트의 DFS 모델은 연간 75,000t의 리모나이트 처리량, 평균 선두 품질 409 ppm Sc, 대략 연간 38,500 kg Sc2O3의 생산량, 건설 1년 및 24개월의 램프업으로 명판에 도달하며, 광산 수명은 20년이고 <20%의 자원을 사용합니다.
Scandium International Mining (OTC: SCYYF) a annoncé que la Nouvelle-Galles du Sud a accordé Mining Lease No 1893 pour le Nyngan Scandium Project le 7 octobre 2025, mettant fin à une procédure de révision de la demande d'une durée de plus de 9 ans.
La concession a une durée initiale de 21 ans (jusqu'en octobre 2046) et remplace le ML 1792 en chevauchement, permettant le développement sur l'ensemble de l'empreinte de la mine. Le modèle DFS du projet prévoit un débit de 75 000 tpa de limonite, une teneur en tête moyenne de 409 ppm Sc, environ 38 500 kg Sc2O3/an de produit, une construction d'un an et une montée en puissance de 24 mois jusqu'à la capacité nominale, avec une durée de vie de la mine de 20 ans utilisant <20% de la ressource.
Scandium International Mining (OTC: SCYYF) gab bekannt, dass New South Wales am 7. Oktober 2025 Mining Lease No 1893 für das Nyngan Scandium Project gewährt hat, wodurch eine >9-jährige Antragsprüfung beendet wurde.
Der Lease läuft zunächst 21 Jahre (bis Oktober 2046) und ersetzt überlappende ML 1792, sodass die Entwicklung über die gesamte Abbaufläche möglich ist. Das DFS-Modell des Projekts sieht eine 75.000 tpa-Durchsatzrate für Limonit vor, einen Kopfgehalt von 409 ppm Sc, ca. 38.500 kg Sc2O3/Jahr an Produkt, eine Bauzeit von einem Jahr und eine 24-monatige Ramp-up bis zur Nennleistung, mit einer Bergbaulaufzeit von 20 Jahren bei Nutzung von <20% der Ressource.
Scandium International Mining (OTC: SCYYF) أعلنت أن نيو ساوث ويلز منحت Mining Lease No 1893 لمشروع Nyngan Scandium في 7 أكتوبر 2025، منهية أكثر من 9 سنوات من مراجعة الطلب.
تمدد الإيجار ابتدائياً لـ 21 عاماً (حتى أكتوبر 2046) وهو يلغى ML 1792 المتداخلة، مما يتيح التطوير عبر كامل مساحة المنجم. نموذج DFS للمشروع يتوقع إنتاج 75,000 tpa من اللِيمونيت، وعيّنة رأسية متوسطة 409 ppm Sc، نحو 38,500 kg Sc2O3/سنة من المنتج، وبناء لمدة عام واحد وتدريج تشغيل خلال 24 شهراً حتى القدرة الاسمية، مع عمر منجم 20 عاماً باستخدام <20% من الموارد.
Scandium International Mining (OTC: SCYYF) 宣布新南威尔士州在2025年10月7日为 Nyngan Scandium 项目授予 Mining Lease No 1893，结束了超过9年的申请审查。
租期初始为< 21年（直至2046年10月），并覆盖ML 1792 的重叠部分，允许在整个矿区范围内开展开发。项目的 DFS 模型显示年产量为75,000 tpa 的褐铁矿，头部品位为409 ppm Sc，约38,500 kg Sc2O3/年的产出，建设期为1年，达到额定产能需要24个月的爬坡期，矿山寿命为20年，使用资源的<20%。
- Mining lease ML 1893 granted on Oct 7, 2025
- Initial lease term of 21 years to October 2046
- DFS nameplate throughput 75,000 tpa limonite ore
- Projected ~38,500 kg Sc2O3/year at 98–99.9% purity
- Average limonite head grade 409 ppm Sc
- 20-year mine life using <20% of resource
- Permit process spanned more than nine years
- Project requires strategic partnerships, offtake and project financing before FID
- Planned 24-month ramp-up to reach nameplate capacity
Reno, Nevada--(Newsfile Corp. - October 10, 2025) - Scandium International Mining Corp. (TSXV: SCY) (OTC Pink: SCYYF) ("Scandium International" or the "Company") is pleased to announce that the Department of Primary Industrials and Regional Development - NSW Resources ("the Department") has granted a mining license to Scandium International's wholly-owned subsidiary, EMC Metals Australia Pty Ltd ("EMC") for its Nyngan Scandium Project in New South Wales. Mining Lease No 1893 (Act 1992) ("ML 1893") was granted in satisfaction of Mining Lease Application No 531 (Act 1992) on October 7, bringing an end to an application review process spanning more than nine years.
The grant of ML 1893 (Act 1992) represents a major milestone for the Nyngan Scandium Project ("the Project") and provides the regulatory certainty required for the Company to advance ongoing dialogues regarding strategic partnerships, offtake contracts, and in due course financing the project and taking the Final Investment Decision (FID).
"This Mining Lease marks the culmination of extensive technical, environmental and regulatory work and we express our appreciation to the Department for its assistance and cooperation during the application review process. It really could not have come at a better time as Western countries and companies are now focusing on the supply of critical metals including scandium." said Peter Evensen, Chief Executive Officer. "With this mining lease now in place on the entire deposit, the Company is well-positioned to progress towards construction and eventual production in line with the Project's design parameters." EMC intends to update its Defined Feasibility Study ("DFS") in due course to reflect capital and operational efficiencies as well as potential to high-grade and customer requirements."
The current DFS:
is designed as a small surface mining operation, recovering approximately 75,000t of limonite ore from the resource per year,
The average limonite scandium head grade to the mill facility over 20 years is 409ppm (before potential high-grading initiatives).
The Project development and commissioning schedule includes a one year construction period, and a total 24 month ramp-up period to reach nameplate capacity of 75,000 tons per year ore throughput and approximately 38,500 kg of scandium oxide product per year, grading 98 to
99.9% Sc2O3.The 20 year mine life of the name plate capacity will use less than
20% of the entire Mineral Resource Estimate.
Mr. Evensen continued: "The benefits of scandium have been known for several years, however, until now there has not been a reliable and abundant potential supply source of scandium outside of China and Russia or dependent on other commodity prices as a by-product.
In the past twelve months, the Western world has made it a strategic priority to develop robust critical mineral supply chains that are not dependent on a single nation as a pinch point.
My view, same as when the Evensen family first invested in the Company in 2014, is the Nyngan Scandium Project along with our peers in New South Wales provides the most economic primary source of supply of scandium to that robust supply.
The shovel-ready Nyngan Scandium Project is prepared to meet western demand for scandium in existing use cases as well as emerging use cases being developed including semiconductors, solid-state batteries, and defense applications."
ML 1893 (Act 1992) has been granted for an initial term of 21 years until October 2046 upon which time the operator of the project can apply for renewal and supersedes the underlapping Mining Lease No 1792 (Act 1992), enhancing EMC's ability to develop the Project across its full mine footprint design.
Located 20 km west of Nyngan township in New South Wales, the Nyngan Scandium Project is positioned to become the world's first primary scandium-mining project. Scandium is a high-value metal with a growing market demand and is classed as a critical mineral by the Australian, Canadian and United States governments.
The development of the Project also presents a significant opportunity for New South Wales to become a world leader for investment in sustainable mining of critical minerals.
For inquiries to Scandium International Mining Corp, please contact:
Peter Evensen, President and CEO
Tel: (775) 355-9500
Harry de Jonge (Controller)
Tel: (702) 703-0178
Email: info@scandiummining.com
Cautionary Note Regarding Forward-Looking Information
This news release includes certain information that may be deemed "forward-looking information". Forward-looking information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "believe", "continue", "plans" or similar terminology, or negative connotations thereof. All information in this release, other than information of historical facts, general future plans and objectives for the Company and the Nyngan Scandium Project, are forward-looking information that involve various risks and uncertainties. Although the Company believes that the expectations expressed in such forward-looking information are based on reasonable assumptions, such expectations are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking information.
For more information on the Company and the key assumptions, risks and challenges with respect to the forward-looking information discussed herein, and about our business in general, investors should review the Company's most recently filed annual information form, and other continuous disclosure filings which are available at www.scandiummining.com Readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269834
FAQ
What did Scandium International (SCYYF) receive on October 7, 2025?
How long is the Nyngan mining lease for SCYYF and when does it expire?
What are the production targets in the Nyngan DFS cited by SCYYF?
What is the average scandium head grade reported for Nyngan (SCYYF)?
When would Nyngan reach nameplate production if financed (SCYYF)?
What key conditions remain before SCYYF can take a Final Investment Decision (FID)?
