Scandium International Mining Corp (SCY)

[TMLonggun]

If you were an end user why would you make an off-take agreement with NIO instead of CLQ or SCY?

Nio will do some promotion and trailblazing just the same as CLQ and our own project has. They all sort of compliment each other and assist in raising awareness. If NIO got someone interested in scandium they would logically be led to SCY and Clean Tech.

Long term the production from Australian laterites will drive the scandium price down. I would be surprised if it didn't ultimately go down to $500 or less a kilo. But of course there is two parts, supply and demand, and I could imagine a scenario where the first couple years of production netted 3-5000 but that might not be in our long term best interest. We need to stimulate as much demand ASAP to that the base is as large as possible to grow for the next couple decades. The lower the price the more we will sell and the more it will drive further sales and stimulate that paralyzed mountain of demand. Best case scenario is a high but stable price that is relatively cheap compared to the benefits provided by the material. We can do fine as a niche metals producer but SCY is unique because they could scale to become a multi billion dollar venture if they nabbed even a tiny, minute % of the aluminum market. Once the world gets a taste then demand for scandium will become insatiable and will easily consume all of the world's production from Australia and the byproduct producers. All of them will need to scale up. There is more than enough demand to go around to supply several primary mines, especially in the early stages. First mover advantage should allow Friedland and SCY to dominate the top of the scandium space - although there will be a host of SCAMdium companies hot on their heals.

Scandium is a bet on humanity, progress, and efficiency. It is inevitable - far too valuable to ignore. Never bet against the rise of humanity.

discussions with 10 parties regarding possible off take agreements.

There is lots of this going on behind the scenes. They should take their time and pick the best deals that surface over the next 6 months to a year. The initial production is so modest they only really need maybe one or two more off-take to be on the safe side. After that we scale up and Instead of 35mt we will start talking about producing 50, 100, 200, 500, 1000 tpa. These laterites are similar to Mexus' ranch in that they have basically (for all intents and purposes) unlimited tonnage of very high grade ore.