SCYYF
Scandium International Mining Corp.0.0800
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
28.47MP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
8-K
Deregisters from SEC reporting
Scandium International Mining Corp. filed Form 15 on December 4, 2024, to voluntarily deregister its common shares and suspend SEC reporting obligations, effective within 90 days. This move slashes reporting costs and complexity, freeing management to prioritize the Nyngan Scandium project. Operations remain unaffected; the company will adhere to Canadian disclosure rules. Deregistration simplifies focus.
10-Q
Q3 FY2024 results
Scandium International Mining Corp. narrowed its Q3 net loss to $79,620 from a $74,732 profit a year earlier, while the nine-month loss widened to $235,073 from $180,976, driven by a smaller unrealized gain on warrant derivatives ($6,870 loss vs. $164,585 gain) and reduced foreign exchange benefits. Expenses dropped sharply y/y, with exploration costs falling 21.8% to $23,981 in Q3 and 70.9% to $61,616 YTD (derived), salaries and benefits down 37.2% to $32,903 quarterly and 46.3% to $98,666 YTD (derived), reflecting tight cost controls amid no revenue as an exploration-stage firm. Cash dwindled to $718,474 from $1,021,956 at year-end, with operating outflows of $303,482; no debt burdens the balance sheet, but liquidity hinges on future financing. Physical site work at the Nyngan project advances steadily. Ongoing litigation from a former consultant poses a distraction.
10-Q
Q2 FY2024 results
Scandium International Mining narrowed its Q2 net loss to $4,257 from $129,756 a year earlier, thanks to lower exploration costs after skipping drilling while trimming salaries and benefits. For the first half, the net loss hit $155,453, down from a $106,244 profit last year, driven by a smaller gain on the warrant derivative liability. Cash dipped to $800,524 from $1,021,956 at year-end, with operating cash outflow at $221,432; no capex means free cash flow matches that figure. No debt burdens the balance sheet, and mineral interests in Australia hold steady at $704,053. Progress on the Nyngan project continues. Yet commodity price swings pose ongoing risks.
8-K
AGM resolutions unanimously passed
Scandium International Mining Corp. announced on June 5, 2024, that all resolutions passed at its June 3 annual general meeting, with 28.88% of shares represented. Shareholders re-elected four directors—William B. Harris, James R. Rothwell, Peter B. Evensen, and R. Christian Evensen—each garnering 88.6% to 89.1% approval, while re-appointing Davidson & Company LLP as auditors and extending stock option entitlements to June 3, 2027. This endorsement stabilizes governance amid mining sector volatility. Directors secured.
10-Q
Q1 FY2024 results
Scandium International Mining Corp. posted a Q1 net loss of $151,196, wider than the $236,000 profit a year earlier, driven by a $53,068 unrealized loss on warrant derivatives that flipped last year's gain. Operating expenses dropped 43% year-over-year to $102,565, thanks to no stock-based compensation and lighter exploration after the 2023 Honeybugle drilling. Cash burn eased to $113,658 from $307,568, leaving $908,298 on hand with no debt and positive working capital of $561,957. The Nyngan project advances with site surveys and soil works underway. Warrants and options could yield up to C$7.9 million if exercised. Volatility in commodity prices poses a key risk.
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