Niocorp Developments Ltd (NB)

[CritM3]

Just a reminder, more news to come out for Demo Results. Here are Highlights from the PR a month ago, on February 6th 2023

L3 Process Development in Quebec, Canada has succeeded in producing a HIGH-PURITY mixed rare earth concentrate from NioCorp’s integrated demonstration plant. 

The rare earths were then precipitated out of solution, producing a solid that contains 6% praseodymium (“Pr“) oxide, 25% neodymium (“Nd”) oxide, 0.35% terbium oxide (“Tb“), and 1.6% dysprosium (“Dy“) oxide, with the balance of the solids consisting primarily of rare earths with minor base metal impurities.

Based on these results, and subject to additional demonstration testing over the coming weeks, L3’s process engineering team have determined that overall recoveries for these four magnetic rare earths are likely to be GREATER than 92% and meet commercial purity specifications for magnetic rare earth oxides. 

L3 is currently completing the assembly and commissioning of additional solvent extraction steps that will be run in concert with the rest of the demonstration plant to confirm these recovery numbers.
( remember this was a month ago)

“We have established a baseline of performance in the demonstration plant solvent extraction system, and expect to maintain or exceed these results as we gain further operating experience with that system.” Eric Larochelle, Co-Owner of L3 Process Development

“In the coming weeks, we look forward to seeing additional results from L3’s efforts, including the final portions of the operation involving niobium and titanium separations.” Scott Honan, NioCorp’s Chief Operating Officer

——
Should be seeing PR on final test phases soon!