EMC Metals Jumps 18 Percent on Australian Scandium Project PEA

EMC Metals Jumps 18 Percent on Australian Scandium Project PEA

EMC Metals certainly looks to have put itself on the fast track. On Tuesday, the specialty metals company released the results of a preliminary economic assessment on its Nyngan scandium project, along with a recommendation that the company proceed directly to a full feasibility study.

What is Scandium?

Investors might not be entirely familiar with scandium, but the metal has been gaining a lot of traction with the resource market.

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Company News

EMC Metals Releases PEA for Nyngan Scandium Project

EMC Metals Releases PEA for Nyngan Scandium Project

EMC Metals Corp (TSX:EMC) has released results from a preliminary economic assessment (PEA) at its wholly owned Nyngan Scandium Project in New South Wales, Australia. The report included a capital cost estimate of US$77.4 million with an internal rate of return of 40.6 percent.

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Scandium Investing News is coming soon.

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