In this new video, NioCorp leadership discusses the implications of recent testing that demonstrated its ability to potentially double the recovery of titanium from each tonne of ore the Company expects to mine at its Nebraska-based Elk Creek Critical Minerals Project, once project financing is obtained and the commercial plant is constructed. The new process is expected to produce a purer form of titanium that may command a higher price than is assumed in NioCorp’s June 2022 feasibility study for the Project.
NioCorp’s demonstration plant in Trois Rivieres, Quebec, has shown that the Company’s new and improved recovery process can likely achieve an 83.7% rate of overall titanium recovery to final product. This compares to a 40.3% titanium recovery rate in NioCorp’s previous process approach. This new result points to a potentially large increase in the amount of titanium that NioCorp can potentially produce at currently planned rates of mining.
NioCorp’s current Feasibility Study shows the Project producing approximately 431,793 tonnes of titanium dioxide. The titanium produced by NioCorp’s new process is in the form of titanium tetrachloride (“TiCl4”), known in commercial markets as “tickle.” This is a purer form of titanium than the synthetic rutile, and generally commands a higher market price. TiCl4 is an input for the production of high-purity titanium oxides and compounds, which are used primarily in the manufacture of white pigments, and titanium metal and aerospace-grade titanium alloys.
Final determination of planned titanium production can be made only after work related to a mineral reserve update, additional engineering, updated project capital and operating cost estimates, and other required information is produced for publication in a new feasibility study.
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