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NioCorp's rare earth demonstration plant is now operational

Kitco Media
By Michael McCrae
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Updated
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(Kitco News) - NioCorp Developments (TSX: NB) said today that its demonstration-scale processing plant in Quebec, Canada is now processing ore samples from the company’s Elk Creek Critical Minerals project.

"The demonstration plant project is intended to demonstrate that the company can extract and separate rare earth elements from ore that NioCorp expects to mine from the Project site, subject to receipt of necessary project financing, and that its simplified process for potentially producing niobium, scandium, and titanium is technically and economically feasible," said the company in a news release.

Findings will be incorporated into an updated Elk Creek Project feasibility study.

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Michael McCrae

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.

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