Process Enhancements to NioCorp's Critical Minerals Project Plans Point to Possible CAPEX and OPEX Reductions and Possible Lower Greenhouse Gas Emissions
CENTENNIAL, Colo., June 6, 2022 /PRNewswire/ -- Metallurgical testing being conducted now by NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX: NB; OTCQX: NIOBF) in Quebec, Canada, is intended to quantify the Company's ability to extract rare earth elements ("REEs") from Elk Creek ore. It is also aimed at testing a carbonation process that can be used to recycle key reagents used in the removal of calcium and magnesium carbonates from the Elk Creek ore ahead of operations that are expected to extract and recover niobium, scandium, titanium, and rare earths once project financing is secured.
- NioCorp's metallurgical consultants at L3 Process Innovation ("L3") are continuing to perform bench and pilot-scale testing of these process improvements at a dedicated facility in Quebec.
- "This work illustrates how strongly NioCorp is committed to reducing our net greenhouse gas emissions when and where we can.
- Niobium, scandium, titanium, and the rare earths all play critical roles in reducing greenhouse gas emissions in the products in which they are used.
- We would also like to produce these critical minerals with as low a GHG profile as possible."