PriceSensitive

NioCorp Developments (TSX:NB) demonstration plant achieves phase 1 milestone

Mining, Sponsored, The Watchlist
TSX:NB
28 October 2022 09:00 (EDT)

This browser does not support the video element.

NioCorp’s (NB) demonstration-scale processing plant in Quebec has demonstrated its planned process for removing calcium and magnesium from ore.

The ore was obtained from the Elk Creek Critical Minerals Project.

This positive result, which is part of Phase I operations of the demonstration plant, is a key milestone in NioCorp’s proposed optimization of its process flow sheet for the project, which L3 Process Innovation and NioCorp designed.

In light of these results, the company expects to assess the potential salability of the material that was produced from the demonstration plant once sufficient project financing is obtained to allow the project to proceed.

NioCorp CEO Mark Smith sat down with Daniella Atkinson to discuss the news.

NioCorp Developments is a U.S.-based mineral development company focused on developing several critical minerals from the proposed Elk Creek, Nebraska Critical Minerals Mine.  

NioCorp Developments Ltd. (NB) opened trading at C$1.15.


Related News