NIOBF News Out! NioCorp To Review Potential of
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Posted On: 03/02/2021 8:49:27 AM
NIOBF News Out!
NioCorp To Review Potential of Adding Rare Earths to Its Currently Planned Critical Minerals Product Offering
7:00 am ET March 2, 2021 (PR Newswire) Print
NioCorp Developments Ltd. ("NioCorp" or the "Company"
(TSX: NB) (OTCQX:NIOBF) is pleased to announce that it has launched a review of the economic potential of expanding its currently planned product suite from the Elk Creek Superalloy Materials Project (the "Project" to also include rare earth products. NioCorp currently plans to produce niobium, scandium, and titanium at the Nebraska-based Project once project financing is secured and the Project is operational, and any rare earth products it might produce would be additional to its currently planned products.
The Company's review of previously collected data on rare earth content in its Elk Creek Project comes in response to growing interest by governments and industrial consumers around the world for additional sources of rare earths beyond current suppliers. As noted in more detail below, additional test work is needed to establish a means of recovering and extracting rare earths into saleable products.
The Company has completed a comprehensive geologic and metallurgical evaluation of all of the rare earth data associated with the Project. Of the 20,364 assay results in the Elk Creek database, 13,287 (65%) contain a complete suite of analytical data for all commercial rare earth elements. Included within this dataset are 661 assays where the Total Rare Earth Oxide ("TREO" assay results are greater than one percent. The table below outlines intervals of interest in particular drill holes.
NioCorp's current plan to extract and purify niobium, scandium, and titanium from Elk Creek ore involves putting these critical minerals into solution. As part of that process, rare earth elements are simultaneously put into solution. Among the factors NioCorp will now consider is the economic potential for additional processing of the solubilized rare earths into commercial rare earth products.
NioCorp's team is comprised of highly experienced professionals with a combined 70 years of experience in rare earth extraction, separation, and purification operations.
NioCorp To Review Potential of Adding Rare Earths to Its Currently Planned Critical Minerals Product Offering
7:00 am ET March 2, 2021 (PR Newswire) Print
NioCorp Developments Ltd. ("NioCorp" or the "Company"
(TSX: NB) (OTCQX:NIOBF) is pleased to announce that it has launched a review of the economic potential of expanding its currently planned product suite from the Elk Creek Superalloy Materials Project (the "Project" to also include rare earth products. NioCorp currently plans to produce niobium, scandium, and titanium at the Nebraska-based Project once project financing is secured and the Project is operational, and any rare earth products it might produce would be additional to its currently planned products. The Company's review of previously collected data on rare earth content in its Elk Creek Project comes in response to growing interest by governments and industrial consumers around the world for additional sources of rare earths beyond current suppliers. As noted in more detail below, additional test work is needed to establish a means of recovering and extracting rare earths into saleable products.
The Company has completed a comprehensive geologic and metallurgical evaluation of all of the rare earth data associated with the Project. Of the 20,364 assay results in the Elk Creek database, 13,287 (65%) contain a complete suite of analytical data for all commercial rare earth elements. Included within this dataset are 661 assays where the Total Rare Earth Oxide ("TREO"
assay results are greater than one percent. The table below outlines intervals of interest in particular drill holes. NioCorp's current plan to extract and purify niobium, scandium, and titanium from Elk Creek ore involves putting these critical minerals into solution. As part of that process, rare earth elements are simultaneously put into solution. Among the factors NioCorp will now consider is the economic potential for additional processing of the solubilized rare earths into commercial rare earth products.
NioCorp's team is comprised of highly experienced professionals with a combined 70 years of experience in rare earth extraction, separation, and purification operations.
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