RNC Minerals has today (May 14) announced its financial results and review of activities for the quarter ended March 31, 2018.
RNC Minerals (TSX:RNX) has today (May 14) announced its financial results and review of activities for the quarter ended March 31, 2018.
As quoted in the press release, president and chief executive officer of RNC, Mark Selby said:
“Since RNC announced on March 22 an important shift in its corporate objectives and priorities – that its central strategic focus going-forward will be the advancement of the Dumont nickel-cobalt Project – we have initiated testwork to produce nickel and cobalt sulfate directly from nickel sulphide concentrate, without smelting and refining. We believe this innovative approach to produce nickel and cobalt sulfate and supply battery materials to the automotive industry, along with our innovative roasting approach as an alternative to traditional smelting and refining, provide significant value enhancements opportunities to an already economically-robust project. Dumont is well positioned as the largest undeveloped nickel and cobalt reserve in the world and one of the few large-scale shovel-ready projects able to deliver large quantities of nickel and cobalt to market in the next few years. Our over-riding objective is to position RNC shareholders to participate fully in the very promising future for nickel and cobalt powered by continued robust demand growth from stainless steel and the significant expected demand growth in electric vehicles.”