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Be the first with the news that moves the market- NioCorp Developments has demonstrated the potential to double titanium recovery from each tonne of ore at its Nebraska-based Elk Creek Critical Minerals Project
- The company’s new recovery process achieved an 83.7 per cent rate of overall titanium recovery, compared to the previous rate of 40.3 per cent
- The new process is expected to produce a purer form of titanium, known as titanium tetrachloride (TiCl4), which commands a higher market price than synthetic rutile
- NioCorp Developments (TSX:NB) opened today at $7.01
NioCorp, a critical minerals stock, has demonstrated the potential to double titanium recovery at its Elk Creek Critical Minerals Project.
The company’s new recovery process, tested at a demonstration plant in Quebec, achieved an 83.7 per cent rate of overall titanium recovery, compared to the previous rate of 40.3 per cent.
The new process is expected to yield a purer form of titanium, known as titanium tetrachloride (TiCl4), which commands a higher market price than synthetic rutile. TiCl4 is used in the production of high-purity titanium oxides and compounds, primarily in the manufacturing of white pigments, titanium metal, and aerospace-grade titanium alloys.
The demand for titanium metal and alloys has been rising, and the United States heavily relies on foreign nations for its titanium supply. NioCorp’s improved process could help address this supply chain risk by offering a more reliable and domestic source of titanium.
The company sees opportunities to become a key supplier of titanium to industries important to U.S. national defense and commercial markets.
NioCorp plans to conduct further work, including updating mineral reserves, engineering studies, and cost estimates, before finalizing its titanium production plans.
NioCorp Developments is a mineral development company focused on critical minerals.
NioCorp Developments (TSX:NB) opened today at $7.01.
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