NioCorp Mine Electrification Promises Cost and Eco Benefits

NioCorp Developments (NB) has released an update.

A recent study suggests that NioCorp Developments Ltd. could achieve significant cost savings, faster production startup, and environmental benefits by implementing electrification and a Railveyor system in its Elk Creek Critical Minerals Mine. The new approach, which replaces traditional vertical mining shafts, offers potential reductions in both capital and operational expenditures, without delaying the project’s updated feasibility study. Additionally, the electrified mine would contribute to a lower carbon footprint due to more efficient power consumption.

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