On March 22, 2019, Willem Duyvesteyn, a Director at Scandium International Mining Corp (TSX:SCY), purchased 27,778 shares of the company. The transaction was documented in an SEC Filing. This insider buy is notable as it represents a significant investment by a key member of the company’s leadership.
Scandium International Mining Corp is engaged in the exploration and development of mineral properties. The company focuses on the production of scandium and other rare earth minerals. Scandium is primarily used in aerospace and automotive applications, as well as in the production of electronics and ceramics.
The shares were acquired at a price of C$0.18 per share, valuing the transaction at approximately C$5,000.04. Following this purchase, the insider’s total holding in the company increased to 27,778 shares.
At the time of the purchase, the market cap of Scandium International Mining Corp was C$5.214 million. The company’s
