NioCorp Developments Produces Small Amount of Ferroniobium

NioCorp Developments (TSX:NB) reported it has produced a small amount of ferroniobium using feedstock from its Elk Creek resource that meets specifications for commercial sale. This is the first amount of such ferroniobium produced from the project.
As quoted in the press release:

NioCorp has retained Kingston Process Metallurgy Inc. (“KPM”) of Kingston, Ontario to conduct a series of pyrometallurgical tests to provide design information for the ferroniobium production process and to generate small quantities of ferroniobium. Testwork conducted in August of 2015 produced a final ferroniobium button that weighed 78 grams. The button was analyzed in KPM’s internal laboratory, as well as at two external laboratories: SGS of Lakefield, Ontario and Actlabs of Ancaster, Ontario. NioCorp then compared the analytical results to a commercial specification for ferroniobium contained in the Company’s offtake agreement with Thyssen Krupp Metallurgical Products GMBH and determined that the specification was met.

Click here for the full press release.