SCANDIUM INTERNATIONAL MINING CORP.

Pre-revenue exploration-stage scandium miner with explicit going-concern doubt whose flattering ROA/ROE percentiles are artifacts of a tiny non-cash derivative gain.

Strengths

• Positive working capital of ~$713k with ~$1.0M cash and low current liabilities
• Headline ROA (94.6th pct) and ROE (60th pct) technically positive on a small net profit

Risks

• Going-concern uncertainty; earns no operating revenue and needs additional financing to advance Nyngan
• FY2023 net profit ($47k) driven by FX/derivative gains, not operations; net income growth -94% (10.5th pct)
• Binary, capital-dependent single-project development model

Notable findings

• Going concernThese are material uncertainties that raise substantial doubt about the Company’s ability to continue as a going concern