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One hundred years, Colorado., June 9, 2021 /PRNewswire/ – NioCorp Developments Ltd. (“Wei Lai“Or”the company“) (Toronto Stock Exchange:NB) (Over-the-counter transactions:NIOBF) very happy Announced the start of testing the Elk Creek Project (“Project”) ore using high-pressure grinding roller (“HPGR”) technology. HPGR technology is an energy-saving, low-emission alternative, which can reduce the size of ore, thereby enabling the recovery of niobium, scandium, titanium and potential rare earth products. The use of HPGR in projects strengthens the company’s commitment to the environment and design for sustainable operations.
Test is on Natural Resources Institute (“NRRI”) University of Minnesota Duluth, And partnership Weir MineralsDuring the test period, which is expected to take several weeks, approximately 3 tons of Elk Creek drill cores will be reduced to 1 mm required for hydrometallurgical test work. It is expected that the test work will provide key data. Once project financing is obtained and the project is put into operation, these data will be used to appropriately determine the size of the HPGR unit based on the potential ore throughput of the Elk Creek project.
The company is currently evaluating the next steps of its overall metallurgical testing work plan, focusing on optimizing and simplifying existing processing procedures and establishing process routes for the potential recovery of rare earth products. The rare earth products the company is currently most interested in are praseodymium oxide (“NdPr”), terbium oxide and dysprosium oxide. As previously announced, the company has begun reviewing the economic potential of expanding its currently planned product suite from this project to include rare earth products.
“After NRRI witnessed the test, I was impressed by how HPGR was able to process Elk Creek ore quickly and efficiently while minimizing noise and dust,” said Scott Hornan, Chief Operating Officer of NioCorp. “We look forward to completing this phase of the testing work and continue to study further improvements to existing processes, including our new focus on rare earths.”
Qualified person: Scott Hornan, M.Sc., SME-RM, Chief Operating Officer of NioCorp Developments Ltd., qualified personnel as defined by National Instruments 43-101, has reviewed and approved the technical information contained in the press release.
@NioCorp $NB $NIOBF #ElkCreek #Niobium #Scandium #Nebraska
Want more information
contact Jim Sims, Vice President of External Affairs, NioCorp Developments Ltd., 720-639-4650, jim.sims@niocorp.com
About Weilai
NioCorp is developing a super alloy material project Southeastern Nebraska This will produce niobium, scandium and titanium. The company is also considering producing several magnetic rare earth products. Niobium is used in the production of superalloys and high-strength low-alloy (“HSLA”) steels, which are lighter and stronger steels used in automotive, structural and piping applications. Scandium is a high-temperature alloy material that can be combined with aluminum to make an alloy with higher strength and stronger corrosion resistance. Scandium is also an important part of advanced solid oxide fuel cells. Titanium is used in various high-temperature alloys and is a key component of pigments used in paper, paint and plastics. It is also used in aerospace applications, armor, and medical implants. Magnetic rare earths, such as neodymium, praseodymium, terbium, and dysprosium, are essential for making neodymium iron boron (“NdFeB”) magnets, which are widely used in national defense and civilian applications.
Forward-looking statement disclaimer
Certain statements contained in this document may constitute forward-looking statements, including statements about NioCorp’s completion of HPGR testing on its ore and the benefits of the technology, as well as products with the potential to economically produce rare earth products in addition to the company’s currently planned kits . Readers are reminded that such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause such assumptions to change, and actual results and estimates may differ from those estimates or expected future results, achievements or expressions. Or the position is materially different as implied by these forward-looking statements.The risks, uncertainties and other factors that may cause changes in NioCorp’s plans or prospects include risks related to the company’s ability to continue operations; risks related to the company’s need for large amounts of additional capital; commodity (such as fuel and electricity) and currency demand and Price changes; changes in project economic valuations, such as net present value calculations, changes or interruptions in the securities market; legislative, political or economic development; need to obtain permits and comply with laws, regulations and other regulatory requirements; actual work results may differ from forecasts/expectations The possibility of different or possibly unable to realize the potential potential of the NioCorp project; the risk of accidents, equipment failures and labor disputes or other unexpected difficulties or interruptions; possible cost overruns or unexpected expenditures in the development plan; related to exploration, mining or development activities Operational or technical difficulties; the speculative nature of mineral exploration and development, including the risk of reducing reserves and resource levels; the risks involved in exploration, development and mining operations, and the risks specified in the company’s documents submitted to the Canadian securities regulatory agency www.sedar.com And the U.S. Securities and Exchange Commission www.sec.gov. NioCorp assumes no intention or obligation to update or revise any forward-looking statements due to new information, future events or other reasons.
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SOURCE NioCorp Developments Ltd.
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