Niocorp Developments Ltd. (TSE:NB) has released an update.
NioCorp Developments Ltd. is embarking on a research initiative to assess the potential for recycling rare earth permanent magnets, which could enhance the sustainability and strategic value of their planned Elk Creek Critical Minerals Project in Nebraska. The company’s R&D efforts will focus on creating a process to efficiently convert used neodymium-iron-boron magnets into separated rare earth oxides for new magnet production. This innovative approach could potentially expand NioCorp’s future production capabilities of key rare earth oxides, contingent upon the success of their feasibility studies and securing adequate project financing.
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