This is a great refresher PR Nebraskan ! — We have received so many milestones in the past 1-2 years — it’s hard to keep up with all the SUPER- MATERIAL NEWS!!
Let’s see what the next two days bring to the Party …?
Fingers’xd
Landmark.
NioCorp’s Rare Earth Demonstration Plant Showing Strong Rare Earth Recovery Results, in Line with Expectations
NioCorp’s Rare Earth Demonstration Plant Showing Strong Rare Earth Recovery Results, in Line with Expectations
Results Support Feasibility of Separating Magnetic Rare Earth Oxides, Which are Vital to Electric Vehicles and Critical U.S. Defense Systems
CENTENNIAL, Colo. (February 6, 2023) – NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX:NB) (OTCQX:NIOBF) today announced that its demonstration-scale processing plant (the “demonstration plant”) at L3 Process Development in Quebec, Canada has succeeded in producing a high-purity mixed rare earth concentrate from NioCorp’s integrated demonstration plant. These encouraging results lend support to the technical feasibility of separating high-purity oxides of several key magnetic rare earths, on which the U.S. is presently 100% dependent, primarily from China, from ore comprising the Elk Creek Critical Minerals Project (“Project“).
NioCorp’s patent-pending demonstration scale rare earth extraction and purification solvent extraction process operation is ongoing in Trois-Rivieres, Quebec, using solutions generated by the upstream operations of the 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.
